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Midtown Montgomery Real Estate Market Trends - October 2013

by The Hat Team

The Fed recently announced they would continue their current pace of purchasing bonds until the economy was stronger. This bond purchasing program is the reason that mortgage interest rates are at historic lows. Rates began to increase over the last several months just on the anticipation that the Fed would announce that they would be reducing the level of bond purchases last month. When that didn’t happen, rates actually decreased.

That was great news for any buyer in the process of purchasing a home. However, this window of opportunity is expected to close in the very near future as most experts expect the Fed to taper the bond purchasers in December.

So, don't let this opportunity pass you by. Leverage your buying power NOW while rates remain low. Contact us today for help!

Take a look at sales figures in our local real estate market for September 2013.

Midtown Montgomery real estate sales statistics for September 2013 show the number of homes sold increased by 28% when compared to September 2012. The average sales price increased by 29% to $ 184,238 for the month. The median sales prices increased by 21%, and market times increased by 52 days from September 2012.  The highest selling home price increased by 33%, and the lowest selling home price decreased by 22% from September 2012.

While it’s tempting to rejoice over these huge increases, it’s important to remember that they compare just one month’s activity in each year.  And because Midtown homes are so different in size, degree of renovation, etc., sales values from year to year reflect more than just “more business” but “different business” as well.  A more important and meaningful statistic is this:  at the end of the September, 2013, selling prices market-wide are up 3.46%.  Yes!!!!!!

Midtown Montgomery September  2013 September 2012
Homes Sold 29 21
Average Selling Price $ 184,238 $ 131,321
Median Selling Price $ 155,000 $ 122,500
Days On The Market 166 114
Highest Selling Price $ 545,000 $ 367,500
Lowest Selling Price $ 20,000 $ 25,500


Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

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

Montgomery AL Homes For Sale:

3340 Montezuma Road, Montgomery AL, 36106
MLS #304489

Large Spacious Brick Cottage w/ First Floor Master Suite!
 

Live large in great space in this classic story and a half 1920's Cloverdale cottage! Large formal living with fireplace! Dining room looks out on great attached enclosed front porch. The kitchen is up to date with built in china cabinet, center island and tons of cabinets. Nice old house gleaming oak floors, moldings and wainscoting complement downstairs area. Downstairs main bedroom will satisfy most buyers with large sitting area and plenty of room for king bed. Built in desk, bookcases and huge walk in closet complete this suite. Upstairs has two bedrooms, bath and a large den. Wonderful back deck with built in grill for cookouts! Fully fenced yard for kids and pets! Smooth Move pre-inspection on hand for buyers review. View this great spacious home today with us or your favorite agent.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com Interested in buying a bank-owned home? Get bank-owned listings alerts FREE

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Montgomery AL Real Estate For Sale: 700 Eliza Place

by The Hat Team

Montgomery AL Real Estate For Sale:

700 Eliza Place, Montgomery AL 36109
MLS# 303860

Start Living The Good Life!

700 Eliza Place Montgomery AL


This custom built garden home sits on a convenient corner lot with side entry double garage. Meticulous owners ensure that this property has been well maintained and cared for, so all you have to do is move in and start living the good life. Great floor plan includes large living room and formal dining room, and an open kitchen with a center island, built-in work space, and breakfast nook. There is even a sitting/keeping area off the kitchen for casual living. Split plan means owners and guests (or children) are somewhat separated. AND, while there is some yard space, and outdoor living on the side yard, it is all easy to maintain. Call today for your private tour of this perfectly priced patio home!

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Montgomery AL Real Estate For Sale: 3032 Norman Bridge Rd

by The Hat Team

Montgomery AL Real Estate For Sale:

3032 Norman Bridge Rd, Montgomery AL 36105
MLS# 303397

Close-To-The-Action Fourplex!

3031 Norman Bridge Rd Montgomery AL

Attract desirable tenants with this close-to-the-action fourplex that offers apartments of over 1100 square feet! Wood floors, high ceilings, large windows and lots of them--all the things the young professional craves, and in a location within walking distance of the Cloverdale Entertainment District and 10 minutes to downtown with its nightlife and jobs. Owner has invested heavily in upgrades including new roof and water heaters. Great value!!

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

 

Montgomery AL Real Estate: 1314 S Hull St

by The Hat Team

Montgomery AL Real Estate:

1314 S Hull St, Montgomery AL 36104
MLS# 303305

No More Student Loan Debt!

1314 S Hull St Montgomery AL

Grab this Garden District triplex as an owner occupant and you can move in for  as little as 3.5% down and payments so low your rents will more than cover them.  So YOU live rent-free and use your hard earned money for going to school!  What’s more, you’ll be building equity and developing the all-important skill of thinking like an entrepreneur!  Just reduced over $20,000 so call now.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Montgomery AL Real Estate For Sale: 404 S Holt St

by The Hat Team

Montgomery AL Real Estate For Sale:

404 S Holt St, Montgomery AL 36104
MLS# 303267

A Lot Of House For the Money!


404 S Holt St Montgomery AL

Here is your opportunity to own a home built in the 1800's, with updated features. Most recently used as a state sponsored group home, this structure retains its original floor plan with large rooms and high ceilings. Because of its recent use, the systems have all been upgraded to meet code. A LOT of house for the money.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

It Can't Hurt To Wait? Can It?

by The Hat Team

It’s been said that more money has been lost due to indecision than was ever lost because of a bad decision. Regardless of whether you agree with the statement, delaying the decision to buy in today’s market is going to cost the buyer more. 

waitHome prices have gone up considerably in almost every market in the country in the past year and while inventories are beginning to grow, prices are expected to continue to rise. Mortgage rates jumped 1% from the beginning of May to now. They could easily reach 5% by the end of the year and continue to rise in 2014.

Many of the financial experts in the country believe that the economy will not be strong until rates are in the 7% area.

The two components that move the cost of housing are price and mortgage rates. Escalation of either one will have an affect but when both are going up simultaneously, it is dramatic. It can literally eliminate buyers who could have purchased earlier.

The following example shows what would happen to the payments on a $200,000 home if the price were to go up 3% at the same time that the mortgage rates went up 1%. Not only would the payments go up by $150.81 per month, the price of the home would be $6,000 more. Even though the down payment may not change much, the new owner would have to borrow more money. By not acting, it is costing them more in price and payment. The loss of the appreciation would have been equity had they purchased prior to the rise in price.

Check out the Cost of Waiting to Buy to see what the effect will be using your own projections.

cost to wait

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Montgomery AL Real Estate: 3547 Southmont Dr

by The Hat Team

Montgomery AL Real Estate:

3547 Southmont Dr, Montgomery AL 36105
MLS# 303136

Opportunity To Score A Bargain!


3547 southmont dr montgomery al

Perfect opportunity to score a bargain and stop paying rent. This home has been loved by the same owner for the past 38 years. There's plenty of living space to spread out, a huge backyard for the kids to play in and a two car garage that has been converted to a workshop for all your tools or just use for storage. This is a lot of house for the money, come see for yourself today.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Montgomery AL Home For Sale: 3215 Wellington Rd

by The Hat Team

Montgomery AL Home For Sale:

3215 Wellington Rd, Montgomery AL 36106
MLS# 303147

Cape Cod Comes To Cloverdale-Idlewild!

3215 Wellington Rd Montgomery AL

Here is an incredible deal in Cloverdale-Idlewild! This unique cottage reminds you more of a house on Cape Cod than a Cloverdale bungalow. There is tons of room to spread out. The whole family (and all of your friends) can hang out in the heart of the house - the kitchen! This one's huge and just needs a little cosmetic updating to make it your own. Everything else just needs some paint. The spacious master downstairs has a back stairway to the second most awesome feature - the upstairs laundry room. The kids will love the big backyard and it's an easy street to ride bikes in. Close to almost everything: restaurants, shops, theaters and parks. Check it out for yourself today!

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Montgomery AL Real Estate: 6716 Greenbrook Dr

by The Hat Team

Montgomery AL Real Estate:

6716 Greenbrook Dr, Montgomery AL 36117
MLS# 302970

Incredible Eastside Value!

6716 greenbrook dr


Incredible Eastside value!! Maintained and loved by one owner for the past 27 years, ready for a new family. Need 2 main bedroom suites with one on the main level? Want an updated kitchen with hard surface counter-tops , floors and pull out food storage? Need interesting architectural details? Want a double garage and a two car carport? Want an oasis for a backyard with pool and covered patio? Fireplace in living area for cozy nights as well as sun-room off living for sunny days! Fully fenced yard, ready for children and pets. New energy efficient windows will save lots of dollars and keep you comfortable in any season. It's time for this owner to downsize and you have the rare opportunity to make it yours. Call to see this well-kept home today!!

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Displaying blog entries 101-110 of 143

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