Real Estate Information Archive


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Montgomery Real Estate Months Of Inventory

by The Hat Team

Months of Inventory is a measuring tool to determine the current demand for Montgomery real estate. The general rule of thumb is when inventory levels are between 5 & 7 months, the real estate market is stable. Prices remain steady or may rise slightly. When inventory levels exceed 7 months, the demand for real estate is low and prices are likely to fall. This is referred to as a Buyers Market.

When inventory levels fall below 5 months, sellers have more control over price and terms, often resulting in rising pricesor a Sellers Market.

Months of Inventory for Midtown Montgomery Real Estate

The chart below reflects the Months of Inventory for Midtown Montgomery Real Estate comparing 2008 to 2009. As you can see Midtown Montgomery real estate continues to be a Buyers Market with inventories above the 7 month level.

montgomery real estate

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Montgomery Real Estate Sales Statistics - August 2009

by The Hat Team

Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2 percent to 97.6 from a reading of 94.6 in June, and is 12.0 percent higher than July 2008 when it was 87.1.  The index is at the highest level since June 2007 when it was 100.7.

Lawrence Yun, NAR chief economist, said the housing market momentum has clearly turned for the better.  "The recovery is broad-based across many parts of the country.  Housing affordability has been at record highs this year with the added stimulus of a first-time buyer tax credit," he said. "Other buyers are taking advantage of low home values before prices turn higher.  Nationally, the typical mortgage payment now takes less than 25 percent of a middle-income family's monthly income to buy a median priced home, with payment percentages so far in 2009 being the lowest on record dating back to 1970.  As long as home buyers stay within their budget, mortgage payments will be very manageable," Yun said.

Let's take a look at the August sales statistics to see how the Montgomery AL real estate market looks: 

Montgomery AL real estate sales statistics for August show pending sales increased by 41% in 2009 compared to August 2008. The average sales price decreased by 16% to $136,850 while sold listings were up 14% from 2008.  Market times showed a decrease of 2 days or 2% from 2008. 




Market Times

Sales Price

Aug 2009





Aug 2008





Remember, the clock is ticking on the $8000 first-time home buyer tax credit. Give us a call to make your dream home a reality!

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

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

Montgomery Homes For Sale: 2801 S Colonial Drive

by The Hat Team

   Montgomery Homes For Sale:

   2801 S Colonial Dr. Montgomery AL 36111

   MLS #265600


Attention fans of mid-century modern! This home is right out of the pages of Atomic Ranch magazine! So many windows, you'll feel as though you're outside when you're in! And you'll relish the fab-50's look of half walls, lots of built-ins, 2 fireplaces, ribbon windows, birch cabinetry, copper fronted kitchen drawers, hardwood floors, and vaulted ceilings. From almost every room you'll enjoy a gorgeous view. Some might say "incredibly dated," but you'll say "Thank goodness it's original!" Take a look today; at 104,900 it could be gone tomorrow.

Learn more about 2801 S Colonial Drive and other Montgomery Homes for sale by visiting 

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Montgomery Real Estate For Sale: 1530 St Charles Ave

by The Hat Team

Montgomery Real Estate For Sale 1530 St Charles Ave MLS#267863


Fully leased and affordable to own. Unit A (left side) has living room/ kitchen/bedroom/bath for a total of 731 sf. Unit B has living room/dining room/kitchen/2 bedrooms (one upstairs)/bath for total of 1032 sf. Owner pays gas and water and that expense is added to the rents shown. Location convenient to downtown and Capitol complex jobs, one block from public transportation. Active neighborhood assn, some areas already designated as historic with the resulting increase in property values.


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Montgomery Real Estate For Sale 307-309 S Capitol Pkwy

by The Hat Team

Montgomery Real Estate For Sale 307-309 S Capitol Pkwy MLS #267860


Yes, financing is tight right now. But rates are fantastic!! Just think: With a 20% down payment, this building can be yours at a payment low enough that the rent from one side should just about cover it. Desirable location near downtown and Capitol complex jobs, shopping at Midtown Plaza and easy access anywhere in town via I85 just blocks away. Each apartment has living room, dining room, kitchen, 2 bedrooms and bath. Good off-street graveled parking at rear, storage available in detached garage.


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Montgomery Real Estate For Sale: 1879 Ridge Avenue

by The Hat Team

Montgomery Real Estate For Sale:

1879 Ridge Avenue, Montgomery, AL 36104 
MLS# 267886

 Bet you never thought you’d find it through the door to an Old Cloverdale bungalow!As soon as the door swings wide, you’ll find yourself immersed in Southwest décor! Deep, rich colors and warm wood tones surround you throughout. True to the Old West theme, the kitchen sports rustic cabinets built from reclaimed barn siding and real butcher block countertops, too.  But never fear, the master suite will suit even the most thoroughly Modern Millie with its huge proportions and two walk-in closets. Don’t let this one get away from you –call today!  

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Montgomery Real Estate For Sale: 1438 Gilmer Avenue

by The Hat Team

Montgomery Real Estate For Sale: 1438 Gilmer Avenue MLS# 267872


This cottage offers a private get-a-way right in the heart of the Garden District. Spacious living areas and a wonderful gourmet kitchen make entertaining a breeze. Master bedroom is big enough to have a pool table, in fact it does have one! Private alley access to rear two-car carport which could double as an awesome outdoor living space.


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Choosing The Best Neighborhood When Buying Montgomery Real Estate

by The Hat Team

Sometimes people have to sacrifice purchasing their dream home for a less perfect home in a better location. The buyer and family's quality of life can be affected by their surroundings and features a neighborhood has to offer. Choosing the best neighborhood is just as important as finding the perfect home.  Neighborhoods have numerous characteristics to consider when trying to make the right choice.montgomery real estate

One of the most important things to look in to is the quality of schools in the area. Compare various public schools within a school system; some may be better than others. In order to keep all options open, also take a look at private schools in the area. Even if you do not have kids that will attend school, it is still a good idea to pick an area with good schools to help with reselling Montgomery real estate.

Another crucial characteristic of a neighborhood to research is the crime. Contact the local police office to find out crime trends, types, and rates. Go online to find out if there are any sex offenders living near by. Do not judge a book by its cover, just because a neighborhood looks well kept and charming does not mean there are not any crime related issues.

For financial reasons, check in to the property values of homes in the neighborhood. Find out if the Montgomery real estate values in various areas have been increasing or decreasing. If the neighborhood is in an up and coming area the value of the property is likely to go up. Where as, if the area is going down under, the property value will probably follow. See if there are any future construction and development projects to take place. Alterations to the surrounding area could drastically change the property value. 

Next thing to take into consideration is the neighborhood's proximity. Make sure the location is a reasonable distance to work, school, and other frequented destinations. Convenience always makes life a little easier. Having grocery stores, pharmacies, hospitals, and other places of interest and importance easily accessible will make a big difference in every day life. 

Other things to consider when choosing a neighborhood relate directly to the neighborhood it's self. Just as buyers have preferences in things they are looking for in a house, there are also preferred characteristics to look for in neighborhoods. Neighborhoods could have numerous features to offer such as, gated communities, nice sidewalks, large lots, parks, restaurants, safe roads, trees, landscaping, community recreational facilities, civic leagues, and golf courses. Keep in mind that a neighborhood may have neighborhood fees as part of a home owner's association. Be sure to pick neighborhood features that best fit the lifestyle of you and your family. 

Choosing a neighborhood can be just as difficult as finding the right piece of Montgomery real estate. Finding the perfect home in the right neighborhood may be even more of a challenge. Do your homework, research the area and prioritize features that are most important to you and your family. 

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by The Hat Team

There are 1,215 Montgomery foreclosure homes for sale with 126 new foreclosures in August 2009, down from the July 2009 figure of 210 new foreclosed homes. The average selling price of a Montgomery home is $206,084 and the average foreclosure selling price is $111,271, according to

Montgomery Foreclosure Activity and Home Price Index

 montgomery foreclosure

Montgomery foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or repossession notice - each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Montgomery Foreclosure Geographical Comparison

Montgomery foreclosure activity is lower 0.08% lower than national statistics and 0.10% higher than Alabama statistics.

montgomery foreclosure

Montgomery Foreclosure Activity by Month

The number of Bank-Owned fell by more slightly in July, as did the number of Auctions. The 6-month trend, however, is a rise in Montgomery foreclosures.

montgomery foreclosure

Are you or someone you know behind on your 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. Give me a call for a private consultation.

Montgomery Real Estate For Sale: 2862 N Colonial Drive

by The Hat Team

Montgomery Real Estate For Sale:

2862 N Colonial Drive Montgomery AL 36111



Prime mid-century modern ready to move into! This custom built corner lot home was featured in the 1955 "Parade of Homes" and has been lovingly maintained by the same family for over 50 years. Sunken Living room has fun angles, unique stone and brickwork, and is big enough for entertaining on a large scale. The eat-in kitchen has custom banquette great for meals, games, homework, and family gathering, and is pristine original 1955! Den/family room features beautiful cypress walls and opens onto the courtyard style patio with built-in BBQ pit. Bathrooms are immaculate, roof is new, and there are wonderful oak hardwood floors under carpet throughout the house. Elegant custom draperies remain, as well as period sectional sofa and coffee table in the living room. 

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Displaying blog entries 1-10 of 11




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