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Displaying blog entries 121-128 of 128

704 Park Ave. Montgomery, AL 36106

Friday, September 28, 2007
by The Hat Team

Who wouldn't want to live on Park Ave! This wonderful and stately Arts and Crafts oversized bungalow sits on a huge well manicured corner lot just steps from beautiful Cloverdale park. You'll love the deep covered front porch with commanding views. Enter the spacious formal living room through gorgeous beveled glass french doors and note the elegant fireplace and coffered ceilings. The enormous formal dining room awaits many family gatherings and holiday dinners. Cozy den/family room off LR offers another fireplace, floor to ceiling bookshelves, and antique sconce lighting. Large kitchen and big sunny breakfast room are ready for your custom updates. 3 large bedrooms, huge pristine bath with original deco tile work and claw foot tub, and recently remodeled master bath. Detached guest cottage out back could provide additional income through rental or great for visiting family and friends.

For more information on this home or other Montgomery real estate, visit our website, HatTeam.com or give us a call for more personalized service, 800-428-5239.

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Montgomery AL Real Estate Market Trends Report

Wednesday, September 26, 2007
by The Hat Team

According to the latest forecast by the National Association of Realtors®, tightening credit standards for those applying for home mortgages will likely dampen home sales in the short term and postpone an expected recovery for existing-home sales until 2008.

 

Lawrence Yun, senior NAR economist, said unusual disruptions in the mortgage market are dampening the outlook for home sales, notably for August and September.  “There’s been an unusual hit to home sales, starting in March when subprime problems emerged and more recently when problems spread to jumbo loans, with many potential home buyers on the sidelines.”  He noted, however, that “the volume of existing-home sales this year will be better than 2002, which was the second year of the housing boom.”

 

Let’s take a look at August sales statistics to see how the market looks in Midtown Montgomery.

Pending sales dropped by 40 percent this August compared to August 2006. The number of homes sold also dropped by 19 percent. Market times increased from an average of 70 days in August 2006 to 100 days this August.

On a positive note for sellers, the average sales price increased 25% from $136,721 last August to $183,279 this August.  August 2007 saw only 9 homes sell under $75,000 and only 13 sold under $100,000.  In contrast, August 2006 saw 14 sales under $75,000 and 20 total under $100,000.  Additionally, 2007 saw 9 sales over $300,000 as opposed to only 4 in 2006.  As they move up to larger, nicer homes, owner-occupants increasingly choosing Midtown over other upscale areas!

Clearly, however, the investor "fix and flip" market segment has begun to dry up - no wonder, given the amount of negative publicity in the national media! 

Midtown
Montgomery

Pending
Listings

Sold
Listings

Average
Market Times

Average
Sales Price

August 2007

40

47

100

$183,279

August 2006

60

58

70

$136,721

As these statistics show, it is still a great time to consider buying a Montgomery AL home.  To begin searching for Montgomery AL homes, please use my complimentary MLS Search, or call me at 1-800-HAT-LADY.  If you are thinking of selling your Montgomery AL home, please call me or visit MongomeryHomeInfo.com today to receive your complimentary comparative market analysis.  We can work together to get you a great deal!

 

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed. 
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3157 Woodfern Dr. Montgomery, AL 36111

Tuesday, September 18, 2007
by The Hat Team
 

With a little lipstick and rouge, this spacious Brentwood rancher could be your perfect home. Formal DR has large bay area perfect for accommodating oversized furniture. Galley style kitchen and large breakfast room open to huge family room with built-in bookshelves and real masonry FP. Hardwood under carpet in den and hall/bedrooms. Covered patio on back, detached wkshop/storage building and lots of mature trees for shade. Priced well under market value and sold as-is.


For more information on this home or other Montgomery real estate, visit our website, HatTeam.com or give us a call for more personalized service, 800-428-5239.

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3126 Jasmine Rd. Montgomery, AL 36111

Friday, August 31, 2007
by The Hat Team

Own a bit of Montgomery history, "The Flintstone House" as it is known to the locals. Designed by Dean Vollendorf this Mid-Century Modern home is a prime example of Frank Lloyd Wright influenced style of organic architecture. Inside you will find splendid views from this circular layout where all rooms, except the one front bedroom, open to the circular shaped pool area. Components that are used in the design of the home are Phillipine mahogony, Marble from North Alabama, skylights, and the most unusual bar stools. This is truly the most unusual house and a must see! The floor plan is great for entertaining and the house itself is such a conversation piece. Although this property has numerous issues, once inside, you will appreciate its uniqueness, charm and character. Note, Pebbles and Bam Bam not included.

For more information on this home or other Montgomery real estate, visit our website, HatTeam.com or give us a call for more personalized service, 800-428-5239.

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1209 S Lawrence St. Montgomery AL, 36104

Thursday, August 9, 2007
by The Hat Team

Space abounds in this one-of-a-kind 3 bedroom 2 bath home located in the historic Garden District. Just minutes from downtown and the Cloverdale entertainment district, this home has your traditional living and dining rooms, sunny Florida room, and spacious eat-in kitchen. The lagnappe is the family room off the kitchen with vaulted ceiling, fireplace, built-in bookshelves, and deep window seat overlooking a private back yard. Upstairs you'll find a roomy master suite with tons of closet space and a cozy reading/sitting alcove. Out back there is a detached 1 car garage with storage, a covered brick patio and a nice child's playset. Kitchen has 2 antique reclaimed cupboards that remain.

For more informaion on this home or other Montgomery real estate, visit our werbsite, HatTeam.com or give us a call for more personalized service, 800-428-5239.

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Montgomery AL Interest Rate Update

Thursday, August 9, 2007
by The Hat Team

The Real Estate Journal (a subsidiary of the Wall Street Journal Online), reported this week that tightening standards in lending may worsen the housing slump being felt in much of the country.

 

In the wake of the recent controversy surrounding the sub-prime lending market, more lenders in Alabama are being forced to raise interest rates and stick with loans that are considered less risky than mortgages that were being offered previously.  It is no longer those with the weakest credit records who are feeling the sting of the tightening standards when it comes to credit, documented income, and down payment ability.

 

Read the full article here to learn how this trend may affect you if you are in the market for a mortgage.

 

If you are in the market for a mortgage in Montgomery AL, I am glad to refer you to a reputable, knowledgeable and competitive mortgage lender who will take the time to explain your loan options to you. This will allow you to make an educated decision about which home loan is best for you considering the current market conditions. Just give me a call at 334-834-1500 or visit my website. I'm here to help.

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3352 Lexington Rd. Montgomery, AL 36106

Thursday, August 9, 2007
by The Hat Team

 If you think the outside is beautiful, just wait until you get inside.  Beautiful hardwood floors, 9' ceilings, plaster crown molding plus a sun porch.  The updated kitchen has a wonderful view of the lush landscaped backyard.  There is a detached storage building and don't miss the rear toilet.  This is a must see so put it first on your list.

For more informaion on this home or other Montgomery real estate, visit our werbsite, HatTeam.com or give ius a call for more personalized service, 800-428-5239.

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415 Polk St., Montgomery AL 36107

Tuesday, August 7, 2007
by The Hat Team

Cute, cute, cute and clean as a whistle.  This home has very spacious rooms, hardood floors, 8 1/2 ft. ceilings and very large kitchen.  Out back is a huge 2-car garage plus a workshop just off the deck.  The laundry is on the back and includes washer/dryer.  The den could be the 4th bedroom and has tongue & groove pine panelling, plus built-in desk area.

For more informaion on this home or other Montgomery real estate, visit our werbsite, HatTeam.com or give ius a call for more personalized service, 800-428-5239.

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Displaying blog entries 121-128 of 128

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