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Midtown Montgomery Market Trends - August 2012

Friday, August 31, 2012
by The Hat Team

Good news!  The recent results of a large-scale survey strongly indicates that consumer optimism and the desire to own real estate continue to rise.

Additionally, Fannie Mae’s National Housing Survey polls 1,001 Americans each month to assess their attitudes toward homeownership, renting, mortgage rates, foreclosures, the economy, household finances, and overall consumer confidence. The results of June’s survey show Americans are increasingly optimistic about the housing market despite concerns about the broader economy and their personal finances.

  • According to the survey, Americans expect home prices to increase 2.0 percent over the next year.
  • Among participants, 35 percent said prices would rise over the next 12 months, which is the largest percentage in the survey’s two-year history.
  • Also, the number of respondents who said they would buy their next home if they were going to move rose 6.0 percent to 69 percent, which is the highest level ever recorded.
  • The number of Americans who said it was a good time to buy a home increased to 73 percent.

Lets look at the statistics in our local real estate market for July 2012.

Midtown Montgomery real estate sales statistics for July show the number of homes sold increased by 29% when compared to July 2011. The average sales price increased by 9% to $125,325 during the same period. The median sales prices increased by 2%, and market times decreased by 23% or 36 days.  The highest selling home price increased by 38%, and the lowest selling home price increased by 56%.

Midtown Montgomery July 2012 July 2011
Homes Sold 35 25
Average Selling Price $ 125,325 $ 114,292
Median Selling Price $ 102,500 $ 100,000
Days On The Market 119 155
Highest Selling Price $ 517,500 $ 320,000
Lowest Selling Price $ 9,000 $4,000


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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Montgomery Real Estate For Sale: 2609 Shep Court Montgomery, AL 36117

Thursday, August 30, 2012
by The Hat Team

Montgomery Real Estate For Sale:

2609 Shep Court Montgomery, AL 36117

MLS#295607

 

 

 

 

 

 

 

 

 

 

 

Whether you are looking for a sweet first home, or looking to downsize with ease, this 2 bedroom garden home will fit the bill! Spacious living room with corner fireplace will hold lots of furniture, and you will love the open eat-in kitchen big enough for a work island. Split plan puts the guest bedroom and bath in the front, and the well-proportioned master on the back side of the house for privacy. Rear access parking has carport with covered area for sitting. Larger side yard is nicely landscaped and has detached storage building and no-maintenance vinyl fencing. Opposite side yard makes great dog run! Plenty of storage from interior closets, attic space, attached and detached exterior storage areas.

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.

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

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Montgomery AL Foreclosure Trends - July 2012

Thursday, August 23, 2012
by The Hat Team

There were 711 Montgomery AL foreclosure homes for sale with 1 in every 912 housing units receiving a foreclosure filing in July 2012. The average selling price of a Montgomery AL home was $82,990 and the average foreclosure selling price was $75,383, a $7,607 savings according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.55% in July while the number of foreclosed homes dropped from 106 to 104.

montgomery al foreclosure

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.03% lower than national statistics, 0.03% higher than Alabama and 0.01% higher than Montgomery County statistics in July 2012.

montgomery al foreclosure 

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties increased from 35 homes in June to 66 in July. The number of Auctions dropped from 71 to 38. There is a 6-month rising trend.

montgomery al foreclosure

Are you or someone you know behind on mortgage payments and facing a Montgomery foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. I am a Certified Distressed Property Expert (CDPE) with specialized training in helping families avoid foreclosure. Give me a call for a private consultation.

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.
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Montgomery Real Estate For Sale: 369 Winthrop Court, Montgomery AL 36104

Monday, August 20, 2012
by The Hat Team

Montgomery Real Estate For Sale:

369 Winthrop Court, Montgomery AL 36104

MLS# 295378

Come home to one of the best streets in the historic Garden District! It will be love at first sight when you enter this early century bungalow. Your eyes will instantly be drawn to the high coffered ceilings in the living room. Dine in grand style in the large formal dining room with built-in buffet, or relax in the den/family room with a REAL wood burning fireplace. Cooking will be a pleasure in the family style kitchen with center island and tons of counter space, and the breakfast room is large enough to accommodate a small gathering area when used in conjunction with the breakfast bar. Three well proportioned bedrooms each have private bathrooms, and are situated such that they afford privacy for their occupants. Out back is a large deck overlooking meandering paths through flower beds and blooming shrubs. Come visit this special home and enjoy all its charm and amenities.

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.

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

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Montgomery Real Estate For Sale: 2110 Winona Avenue Montgomery, Al 36107

Friday, August 10, 2012
by The Hat Team

Montgomery Real Estate For Sale:

2110 Winona Avenue Montgomery, Al 36107

MLS #295139

 

 

 

 

 

 

 

This adorable Craftsman bungalow should be on a billboard advertisement for Capitol Heights! It's the complete package of old house charm: front porch with swing (and even lions), beautiful hardwood floors, wonderful built-ins surrounding the fireplace, high ceilings and transoms. The large eat-in kitchen has been nicely updated and the bathroom has been completely renovated. The huge backyard has a nice patio and plenty of room to garden or landscape. Definitely one of the cutest in the neighborhood!

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.

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

 

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Foreclosure Affects More Than Just the Montgomery AL Real Estate Market

Friday, August 10, 2012
by The Hat Team

montgomery al real estateWhile much has been written about the impact of foreclosures on the Montgomery AL real estate market and the economy, little has been said about the personal effect of home loss on families, especially displaced children who are so often the invisible victims of the foreclosure crisis. Mortgage records do not tell how many children are in owner-occupied homes, and it is even harder to estimate the number of children in rental properties. Yet foreclosure affects not just the homeowner or landlord, but also the children living in the foreclosed properties.

According to a recently-released report by the Brookings Institute, an estimated 2.3 million children in single-family homes have already lost their homes to foreclosure, and even more – 3.0 million children – are at serious risk of losing their homes in the future. Another three million or so children have been evicted, or may face eviction, from rental properties that undergo foreclosure, suggesting that more than 8 million children are directly affected by the ongoing foreclosures of both Montgomery AL and nation-wide real estate.

In general, the negative effects of foreclosure include increased family stress and tension, financial hardship, moving homes, a sense of insecurity, changing schools, and a decrease in available community resources.  While the impact of the first four areas is obvious, the changing of schools is more than simply an inconvenience.  Research has shown that children who are forced to switch schools have lower levels of math and reading achievement than their more stable peers. Each move is associated with a reduction in math and reading scores by about one-tenth of a standard deviation, which is equivalent to about one month of school. Some studies have even suggested that children who change schools under negative circumstances are more likely to drop out and/or experience problems in social relationships.

The reasons for a possible drop in available community resources are twofold: the first is that often children move to a lower economic community with limited financial backing, and the second is that localities hard hit by foreclosure have reduced funding available for schools and other social services for children. It follows, then, that medical care (both physical and mental) for children is another area which is often adversely affected by foreclosure.

So, while the foreclosure crisis has indeed had a dire impact on the real estate market and the economy, we must be aware that the children involved in this process lose more than just a 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.

 

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Montgomery Real Estate For Sale: 2765 Pelzer Avenue Montgomery, AL 36109

Thursday, August 9, 2012
by The Hat Team

Montgomery Real Estate For Sale:

2765 Pelzer Avenue Montgomery, AL 36109

MLS#295108

 

 

 

 

 

 

 

 

This traditional style home has lots of room to roam! Well-proportioned living and dining rooms provide perfect space for entertaining, while large den on rear of the house provides more casual living space. With three nicely-sized bedrooms downstairs and a big 4th bedroom/bonus room upstairs, the family will have plenty of places to "spread out". And with an elementary, junior high, and high school within CLOSE walking distance, carpooling and kids on yellow buses will be a thing of the past! Quiet neighborhood in well-established area cap off this perfectly priced property!

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.

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

 

 

 

 

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Montgomery AL Real Estate Is Still Part Of The American Dream

Wednesday, August 8, 2012
by The Hat Team

montgomery al real estateGood news!  The recent results of two large-scale national surveys strongly indicate that consumer optimism and the desire to own Montgomery AL real estate continue to rise.

According to the quarterly Prudential Real Estate Outlook Survey, Americans’ confidence in homeownership and real estate continues climbing from the first quarter and from a year earlier.   To wit:

  • 69 percent of those surveyed believe that buying a home, including Montgomery AL real estate, is a good investment despite the market volatility of the past few years, up 6 percentage points from the first-quarter 2012 survey and 17 percentage points from first quarter 2011.
  • 72 percent expressed confidence that the real estate market and property values will improve during the next two years, including a 6-point jump among those “very confident” or “confident” vs. the first quarter 2012, and a 14-point gain in this subset over first quarter 2011.
  • Nearly two-thirds (64 percent) of respondents have a favorable perception of the U.S. housing market, up from 60 percent in first quarter 2012 and 52 percent in first quarter 2011).Fannie Mae’s National Housing Survey polls 1,001 Americans each month to assess their attitudes toward homeownership, renting, mortgage rates, foreclosures, the economy, household finances, and overall consumer confidence. The results of June’s survey show Americans are increasingly optimistic about the housing market despite concerns about the broader economy and their personal finances.

Additionally, Fannie Mae’s National Housing Survey polls 1,001 Americans each month to assess their attitudes toward homeownership, renting, mortgage rates, foreclosures, the economy, household finances, and overall consumer confidence. The results of June’s survey show Americans are increasingly optimistic about the housing market despite concerns about the broader economy and their personal finances.

  • According to the survey, Americans expect home prices to increase 2.0 percent over the next year.
  •  Among participants, 35 percent said prices would rise over the next 12 months, which is the largest percentage in the survey’s two-year history.
  • Also, the number of respondents who said they would buy their next home if they were going to move rose 6.0 percent to 69 percent, which is the highest level ever recorded.
  • The number of Americans who said it was a good time to buy a home increased to 73 percent.

So, folks, this may just be the time for you to buy Montgomery AL real estate and be a part of the new and improved American Dream.

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.

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Montgomery AL Foreclosure Trends - June 2012

Friday, August 3, 2012
by The Hat Team

There were 861 Montgomery AL foreclosure homes for sale with 1 in every 892 housing units receiving a foreclosure filing in June 2012. The average selling price of a Montgomery AL home was $102,324 and the average foreclosure selling price was $88,558, a $13,766 savings according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.68% in June while the number of foreclosed homes dropped from 125 to 106.

montgomery al foreclosure

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.04% lower than national statistics, 0.03% higher than Alabama and the same as Montgomery County statistics in June 2012.

montgomery al foreclosure 

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties decreased from 42 homes in May to 35 in June. The number of Auctions dropped from 83 to 71. There is a 6-month rising trend.

montgomery al foreclosure

Are you or someone you know behind on mortgage payments and facing a Montgomery foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. I am a Certified Distressed Property Expert (CDPE) with specialized training in helping families avoid foreclosure. Give me a call for a private consultation.

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.

 

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Montgomery Real Estate For Sale: 3413 Country Church Road Montgomery, AL 36116

Wednesday, August 1, 2012
by The Hat Team

Montgomery Real Estate For Sale:

3413 Country Church Road Montgomery, AL 36116

MLS#294910

Handsomely updated traditional home with big rooms and lots of storage too. New neutral carpet in living areas, hard tile in kitchen, baths, laundry and bedroom wing center hall--low maintenance! Wonderful master bath with 2 vanities and huge walk-in closet.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.

 

 

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