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Midtown Montgomery Real Estate Market Trends - Sept 2016

Wednesday, October 26, 2016
by The Hat Team

mortgage rates

Freddy Mac reports that mortgage rates staying low. Here are the national averages for mortgage rates during the week ending Oct. 6:

  • 30-year fixed-rate mortgages: averaged 3.42 percent, with an average 0.5 point, unchanged from last week. A year ago, 30-year rates averaged 3.76 percent.
  • 15-year fixed-rate mortgages: averaged 2.72 percent, with an average 0.5 point, also unchanged from last week’s average. Last year at this time, 15-year rates averaged 2.99 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.80 percent, with an average 0.4 point, dropping slightly from last week’s 2.81 percent average. A year ago, 5-year ARMs averaged 2.88 percent.

With rates like this, is it time for you to buy a home? If so, just hit reply to get started!

Take a look at how many folks bought homes in our market last month…

Midtown Montgomery Real Estate Market Trends

Midtown Montgomery real estate sales statistics for September 2016 show the number of homes sold increased 36.6%. The average sales price increased by 14.5%. The median sales price increased by 14.4%. Market times dropped by 87 days.

Midtown Montgomery Sept 2016    Sept 2015
Homes Sold 41 30
Average Selling Price $130,667 $114,082
Median Selling Price $109,000 $99,000
Days On The Market 87 174
Highest Selling Price $469,000 $417,000
Lowest Selling Price $12,000 $15,600


For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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Midtown Montgomery Real Estate Market Update for July 2016

Tuesday, August 16, 2016
by The Hat Team

houses

Fifty-two percent of home owners say now is a good time to sell in their neighborhood. This is up from 34 percent who said so last year, according to a survey conducted by the real estate brokerage Redfin.

What’s more, 58 percent of home owners believe sellers have more power than buyers in the market right now. Redfin researchers note this is nearly the highest level of seller confidence they’ve recorded.

Take a look at how many sellers successfully sold their homes in July…

Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for July 2016 show the number of homes sold increased 10.81%. The average sales price decreased by 12.62%. The median sales price decreased by 30.31%. Market times dropped by 19 days.
 
Midtown Montgomery July 2016    July 2015
Homes Sold 41 37
Average Selling Price $122,888 $140,631
Median Selling Price $89,900 $129,000
Days On The Market 118 137
Highest Selling Price $490,000 $620,000
Lowest Selling Price $7,001 $5,100


For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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Midtown Montgomery Real Estate Market Trends - June 2016

Tuesday, August 2, 2016
by The Hat Team

midtown montgomery real estate

FHA has recently relaxed many of its condo financing rules making it easier for condo buyers to secure loan when buying a condo. If you are in the market for a condo be sure to talk with your lender about how the new rules may help you.

Midtown Montgomery Real Estate Market Trends - June 2016

Midtown Montgomery real estate sales statistics for June 2016 show the number of homes sold increased 18.60%. The average sales price increased by 12.55%. The median sales price increased by 32.27%. Market times remained the same.

Midtown Montgomery June 2016    June 2015
Homes Sold 51 43
Average Selling Price $156,788 $139,301
Median Selling Price $94,500 $125,000
Days On The Market 153 153
Highest Selling Price $1,090,000 $770,000
Lowest Selling Price $3,000 $15,000


For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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Midtown Montgomery Real Estate Market Trends - May 2016

Thursday, June 30, 2016
by The Hat Team

house-sold

When putting a home on the market, there is a lot to consider. How will you find a REALTOR®? What should you price the home? And the big one—is the home ready to sell? Most sellers know to get rid of clutter and fix any big or obvious problems. But what else can sellers do to get top dollar for their home? The National Association of REALTORS has identified some staging tips for various rooms in a home. After all, NAR research shows that 81 percent of buyers believe it is easier for them to picture themselves in a home when it’s staged. To appeal to those buyers, NAR recommends scrubbing the fireplace, focusing on symmetry in decoration, packing up dishes that don’t match your main set in your cupboards, making the extra bedroom a fun activity room to showcase other functions (like a sewing room or office), and keeping all closets as empty as possible.

Check out how many local sellers were successful selling their homes in May:

Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for May 2016 show the number of homes sold decreased 11.36%. The average sales price increased by 26.35%. The median sales price increased by 50.65%. Market times decreased by 55 days.

Midtown Montgomery May 2016    May 2015
Homes Sold 39 44
Average Selling Price $152,841 $120,963
Median Selling Price $145,000 $96,250
Days On The Market 111 166
Highest Selling Price $360,000 $330,000
Lowest Selling Price $1 $9,999


For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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Midtown Montgomery Real Estate Market Trends - March 2016

Friday, April 29, 2016
by The Hat Team

home bubyer

According to the National Association of Realtors, mortgage rates are now lower than they ended in March. That means that rates are not only near the lows for the year to date, they are also close to the lowest rates in three years. These lower rates translate into increased buying power and/or improved ability to qualify for a mortgage.

A record number of Americans are actively searching and looking at the current inventory on Realtor.com®. We currently have 2% fewer homes for sale in the U.S. relative to last year, but we’ve seen 137,000 new listings come onto the market so far in April.

Looking ahead, great weather will likely draw even more people to look at open houses and available homes over the rest of the month. According to Cleveland Research, after a cooler than normal start to April, the weather forecast for the next 10 days is expected to be “near perfect” across many of the largest housing markets in the country, especially in the central and eastern U.S.

But who cares about a national or regional weather or housing forecast? What matters most are the trends and conditions in your neighborhood.

Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for March 2016 show the number of homes sold decreased 36.84%. The average sales price increased by 43.04% to $142,405. The median sales price increased by 78.15% from March 2015. Market times increased by 76 days.

Midtown Montgomery March 2016    March 2015
Homes Sold 36 57
Average Selling Price $142,405 $99,554
Median Selling Price $110,450 $62,000
Days On The Market 217 141
Highest Selling Price $635,000 $425,000
Lowest Selling Price $5,000 $9,000


For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Courtesy of Montgomery AL Realtor Sandra Nickel.

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Midtown Montgomery Market Trends - September 2015

Thursday, October 29, 2015
by The Hat Team

A biennial opinion survey on housing issued conducted by the National Association of Realtors shows that fears of selling have abated dramatically since the housing recovery went into high gear two years ago. Over the past two years, homeowners’ confidence in recouping the price they paid for their homes has risen 29 percent. 

Seller confidence extends to their outlook for next year.  Four in ten adults in the survey (41%) expect prices to rise in their market. Some 47 percent said prices will stay the same and only 6 percent expect them to decrease.

Take a look at how many successful sellers there were in our market last month…

September 2015 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for September 2015, show the number of homes sold increased 3.85% The average sales price decreased by 9.34% to $108,109 for the month. The median sales price increased 2.98% to $92,500, and market times decreased by 60 days.  The highest selling price increased by 4.25% from September 2014.

Midtown Montgomery  September 2015   September 2014
Homes Sold 27 26
Average Selling Price $108,109 $119,242
Median Selling Price $92,500 $89,820
Days On The Market 178 118
Highest Selling Price $417,000 $400,000
Lowest Selling Price $9,100 $17,000


For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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Midtown Montgomery Real Estate Market Trends - August 2015

Friday, September 18, 2015
by The Hat Team

August 2015 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for August 2015, show the number of homes sold increased 19.35% The average sales price increased by 10.10% to $155,282 for the month. The median sales price increased 15.35% to $124,000, and market times decreased by 27 days.  The highest selling price decreased by 4.82% from August  2014.

Midtown Montgomery  August 2015   August 2014
Homes Sold 37 31
Average Selling Price $155,282 $141,040
Median Selling Price $124,000 $107,500
Days On The Market 134 161
Highest Selling Price $790,000 $830,000
Lowest Selling Price $7,130 $11,000


Think you’re ready to buy?

Watch this short video to get advice on how to know when you’re ready to buy and what you need to get a competitively-priced loan.

For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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Midtown Montgomery Real Estate Market Trends - July 2015

Friday, August 28, 2015
by The Hat Team

Yes, it’s August but don’t let global warming trends ruin your weekend house hunting plans! Simply follow these 4 tips on how to survive the sweltering heat outside while making your appointed house-hunting rounds.

midtown montgomery real estae

1. Schedule your viewings when it’s relatively cool. Plan your house hunting for the morning starting around 9:00 a.m. so it can be done by 1 p.m. when temps can become unbearable.

2. Map out homes that are close to one another. Have a very clear plan of which homes you will visit within a certain area so you can quickly and efficiently go down the list and avoid your car overheating.

3. Carry a fan. Carry a small hand held fan and bottled water for a quick pick me up.

4. Laugh it off. Keep things light and remember winter weather is on its way. 

Take a look at July's 2015's real estate sales statistics.

July 2015 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for July 2015, show the number of homes decreased 27.5%. The average sales price decreased by 14.17% to $144,136 for the month. The median sales price decreased by 12.24% to $107,501, and market times decreased by 79 days.  The highest selling price decreased by 21.02% from July 2014.

Midtown Montgomery  July 2015   July 2014
Homes Sold 29 40
Average Selling Price $144,136 $167,931
Median Selling Price $107,501 $122,500
Days On The Market 130 209
Highest Selling Price $620,000 $785,000
Lowest Selling Price $5,100 $3,400


For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

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Midtown Montgomery Real Estate Market Trends - June 2015

Friday, July 31, 2015
by The Hat Team

If you are contemplating putting your house on the market, you may want to see if you have some of the top features home buyers are looking for.

  • A large laundry room is on the list of must-haves for most home buyers these days.  The bigger the better when it comes to laundry rooms. Painting this room a fun color is also a great idea.  If you have not yet updated your washer and dryer it may be a good time to do that as well. 
  • Landscape lighting is a plus if you want your house to stand out above all the others on the market.  Taking a photo of your home at night with all the landscape lighting lit may be a good way to market your home in real estate magazines.  Also if you want to add ambiance to the inside of your house you can add wall lanterns in entrance ways and hallways. 
  • A finished garage is an excellent feature that many home buyers are looking for.  You can add drywall and paint as well as paint the floor of your garage.  You will be amazed at what a difference doing this will make to your home.  Make sure to add a lot of storage areas so that the man of the house will be happy about buying your home. 
  • An "eat-in" kitchen  is a must have these days.  If you don’t currently have an “eat-in” kitchen, you may want to knock out a wall to make this possible.  It could be the difference of selling your home or not selling your home.  

Take a look at June 2015's real estate sales statistics.

June 2015 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for June 2015, show the number of homes increased 55.56%. The average sales price decreased by 30.46% to $141,904 for the month. The median sales price decreased by 12.95% to $126,225, and market times decreased by 42 days.  The highest selling price decreased by 11.49% from June 2014.

Midtown Montgomery  June 2015   June 2014
Homes Sold 42 27
Average Selling Price $141,904 $204,063
Median Selling Price $126,225 $145,000
Days On The Market 145 187
Highest Selling Price $770,000 $870,000
Lowest Selling Price $1 $9,249

For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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Midtown Montgomery Real Estate Market Trends for March 2015

Wednesday, April 22, 2015
by The Hat Team

This is a great time to think about buying home. Home prices and interest rates are still at all-time lows and springtime historically offers the most inventory to choose from. The biggest hurdle for many home buyers is saving money for a down payment. Here are 10 things to do on a regular basis to save money:

  1. piggy bankMake it automatic. Before you see your paycheck, have a percentage of it automatically deposited into your 401(k) and savings.
  2. Keep minimum funds in checking account. Transfer extra funds into your savings account where it will earn more interest than in our checking account.
  3. Don’t pay banking fees! Use your bank’s free bill pay, automatic deposits, free checks, and free reimbursements for all ATM fees.
  4. Use rewards credit cards. Use a credit card offering cash back on every purchase and pay the card off each month to eliminate interest fees.
  5. Actively search out deals. It never hurts to try and find a better deal, or request a better deal from your service providers.
  6. Drive smoothly. Accelerate smoothly and at a reasonable rate, and coast to a stop as often as possible. Also use cruise control on the highway. My car is rated to get 26 mpg around town and I regularly get 29. You can also use these tips to save money on gas, and use gas rewards credit cards to save money on fuel costs.
  7. Buy quality products. Quality items may cost more up front, but they last longer and generally provide better results than cheaper, inferior products. Examples of items you should buy higher quality - furniture, clothes and shoes, vehicles, and other items that will see a lot of use.
  8. Buy generic where applicable. You can save a lot of money on generic items for which the brand name product is essentially the same as the store brand. Food and medicines come to mind as items where generic products are good deals.
  9. Use coupons and rebates. Use coupons for oil changes, groceries, books, on-line purchases, and just about anything else we can find.
  10. Use store rewards cards. Many grocery stores have their own ‘reward cards’ saving you money each time your shop. If you are a senior, shop on designated senior citizen discount days.

Take a look at March 2015's real estate sales statistics.

March 2015 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for March 2015, show the number of homes dropped 25% by 6 homes. The average sales price increased by .02% to $130,852 for the month. The median sales price decreased by 2.84% to $128,500, and market times decreased by 133 days.  The highest selling price increased by 16.84%, and the lowest selling home price increased by 43.3% compared to $8,025 from March 2014.

Midtown Montgomery  March 2015   March 2014
Homes Sold 18 24
Average Selling Price $130,852 $130,828
Median Selling Price $128,500 $132,250
Days On The Market 122 255
Highest Selling Price $277,500 $237,500
Lowest Selling Price $11,500 $8,025


For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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