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Montgomery AL Home For Sale: 2036 Gorgas St

by The Hat Team

Montgomery AL Home For Sale:

2036 Gorgas Street, Montgomery AL 36106
MLS# 319970

Great House With Plenty Of Space!

2036 gorgas st
Looking for room to spread out? Check out this spacious brick home conveniently located in Midtown! Hard wood floors throughout, large living room, dining room and eat-in kitchen. Master bedroom downstairs with updated tiled shower and walk-in closet. Upstairs are two bedrooms and extra space for a play room, den or whatever meets your needs. Nice covered deck overlooking the back yard. This is a great house with plenty of space, check it out today!

Marketed by Montgomery AL Real Estate Experts Sandra Nickel Hat Team!

Montgomery AL Duplex For Sale: 3201 Audubon Rd

by The Hat Team

Montgomery AL Duplex For Sale:

3201 Audubon Rd, Montgomery AL 36106
MLS# 318015

Savvy Investor Gem!

3201 audubon rd

Classic Cloverdale architecture, a tucked-away and highly sought after location in Midtown, and quality tenants who pay and care for their homes. What more could a savvy investor want?! So call now to see first-hand why this property needs to be in your portfolio!

Marketed by Montgomery AL Realtors Sandra Nickel HAT TEAM!

 

 

Montgomery AL Real Estate For Sale: 2710 Fairmont Rd

by The Hat Team

Montgomery Homes For Sale:

2710 Fairmont Rd, Montgomery, AL 36111
MLS #317353

Country Style Gay Meadows Home!

This spacious Gay Meadows home in popular Midtown is priced right and ready to move into! Beautiful newly-refinished hardwood floors throughout most of home and low maintenance tile floor in huge den/family room. Large country style kitchen and well-proportioned bedrooms will make your family happy. 2 car attached carport with big storage/workshop room and large back yard.

Marketed by Montgomery Alabama Realtor Sandra Nickel, Sandra Nickel Hat Team

Montgomery AL Real Estate Sales Statistics: October 2008

by The Hat Team
The National Association of Realtors® has stepped up its challenge to lawmakers encouraging them to take new, decisive actions to address the continuing problems in the housing industry, as well as the ongoing economic crisis.

“Our members see firsthand the impact that an unstable housing market is having on communities all across this great country,” said Richard F. Gaylord, NAR president. “The U.S. Treasury and Congress need to work together to ensure that the American people – not Wall Street and large banks – benefit from the economic recovery plan.”
NAR sent a letter last week to U.S. Treasury Secretary Henry Paulson calling on him to refocus the Federal Housing Finance Agency’s efforts on restoring strength to the mortgage-backed securities market, which would help lower mortgage rates for all home buyers and for those who need to refinance.
Let’s take a look at the sales statistics for October 2008 to see how the Montgomery AL real estate market looks:
Of the 37 Midtown Montgomery properties sold in October, 6 were foreclosures at an average price of $60,475.  Deducting these distress sales from the October stats, we see an average sale price of $144,464—still way below a year ago and a direct result of buyer reaction to the unstable market cited by Gaylord.

Midtown
Montgomery
Pending
Sales
Sold
Listings
Average
Market Times
Average
Sales Price
October 2008
37
31
115
$130,844
October 2007
35
37
88
$177,901

The Hat Team is seeing a real rush of interest among investors, who seem to sense we are at or near the bottom of the market.  And is ALWAYS the practice among investors, they don’t “buy at retail” but invest only in the best deals on the market.  When those are gone, we will see prices return quickly to normal. 
 
For the latest Montgomery AL real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Montgomery AL Real Estate Market Trends

by The Hat Team

Little change is expected in Montgomery AL real estate sales of existing homes over the next few months, before notably improving during the second half of the year, according to the latest forecast by the National Association of Realtors.

 

Lawrence Yun, NAR Chief Economist, said the market will come into clearer focus this summer.  “Existing home sales could start to show a sustained increase within a few months, unless there are some additional economic problems or excessive inflationary pressure,” he said.  “The wider access to affordable credit should increase sales activity notably this summer as pent-up demand begins to be met.”

 

Let’s take a look at the midtown Montgomery AL real estate market activity for this March to see how the spring is looking so far: 

  

The Midtown Montgomery market experienced a slowdown in activity this March, when compared with March 2007.  Pending sales were down by 43%, while sold listings decreased 15%.  Average market times decreased by 5 days and the average sales price decreased by 10% to $129,629

Midtown
Montgomery

Pending
Listings

Sold
Listings

Average
Market Times

Average
Sales Price

March 2008

41

97

97

$129,629

March 2007

72

54

102

$144,782

A decline both in the number of homes for sale and the length of time it's taking to sell them should indicate that we are at or near the bottom of our "small dip" in activity.

 

Now is a great time to buy or sell Montgomery AL real estate.  To get started looking at homes, please visit HomesForSaleInMontgomeryAlabama.com or search the MLS here.  For more personalized service, please call me at 800-HAT-LADY.


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

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