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Montgomery AL Foreclosure Trends - January 2012

Friday, March 9, 2012
by The Hat Team

There were 840 Montgomery AL foreclosure homes for sale with 1 in every 808 housing units receiving a foreclosure filing in January 2012. The average selling price of a Montgomery AL home was $81,926 and the average foreclosure selling price was $81,926, according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.92% in January while the number of foreclosed homes climbed from 58 to 117.

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, 0.05% higher than Alabama and the same as Montgomery County statistics for the month of January 2012.

montgomery al foreclosure 

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties increased from 20 homes in December to 59 in January. The number of Auctions rose from 38 to 58. 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.

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

 

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Midtown Montgomery Real Estate Market Trends - January 2012

Friday, February 24, 2012
by The Hat Team

2012 is off to an encouraging start. Mortgage rates have remained under 4% for nearly two months. Home sales are strengthening and pending home sales, a measure to gauge future sales, are at their highest levels since March 2010.

Job growth increased during most of 2011, with unemployment dropping to 8.4%. As more people are getting jobs, consumer confidence has also been increasing.  However, underemployment with a rate of 18.1% continues to be a problem for a stronger recovery. There are still a significant number of people working part time, who would like to have full-time work.

Even with substantial national improvements, the recovery is spotty. Payroll jobs were up in 25 states, but down in 24, demonstrating the delicate state of the U.S. economy. Global factors such as the European debt crisis are also complicating a more robust recovery. 

What does the recovery look like in our local real estate market? Take a look at January figures.

Midtown Montgomery real estate sales statistics for January show the average sales price decreased by 3% to $141,407 when compared to January 2011.  The number of homes sold increased by 39% in January 2012.  The median sales prices increased by 1%, and market times decreased by 11% or 18 days.  The highest selling home price increased by 38%, and the lowest selling home price decreased by 31%.

 

Midtown Montgomery Jan 2012 Jan 2011
Homes Sold 28 17
Average Selling Price $ 141,407 $ 145,709
Median Selling Price $ 124,450 $ 122,850
Days On The Market 140 158
Highest Selling Price $ 785,000 $ 487,000
Lowest Selling Price $ 9,000 $13,000

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.

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: 2046 Ridge Avenue Montgomery, Al 36106

Wednesday, February 15, 2012
by The Hat Team

Montgomery Real Estate For Sale: 2046 Ridge Avenue Montgomery, Al 36106

MLS #290394

Here is your opportunity to live in Old Cloverdale, just blocks from all the action, for well under $100,000! This great and spacious one bedroom cottage is perfect for a single or newly married owner. Big living room has real wood burning fireplace and built-in bookshelves. Relaxing screened porch off the kitchen is private and cozy. If you are looking for the Cloverdale lifestyle without the Cloverdale price, check this one out!

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.

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: 2224 Country Club Drive Montgomery, AL 36106

Wednesday, February 15, 2012
by The Hat Team

Montgomery Real Estate For Sale: 2224 Country Club Drive Montgomery, AL 36106

MLS#290410

Get Ready to Party! You can entertain hoards of people gracefully in this golf course home with a fully circulating floor plan and banquet-sized dining room. And every living space in this elegantly expanded and updated beauty has a breathtaking view of the multi-level rear deck, sparkling pool and #7 fairway of the Montgomery Country Club. Kitchen just refreshed with new easy-on-the-feet cork tile. Main level master suite is down a separate hall for total privacy. Toast your toes by any of the three working fireplaces. Guest bedroom and study on north side of home features a Jack-and-Jill bath.  Room off outdoor utility space perfect for pets and even has a Dutch door so they can see and hear but not interfere with guests. Huge closet off foyer is big enough for workout equipment, second home office or "coatroom duty" when owners invite a crowd. This light-filled home shows like a magazine layout so move it to the top of your list!

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.

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: 3318 Le Bron Road Montgomery, AL 36106

Thursday, February 9, 2012
by The Hat Team

Montgomery Real Estate For Sale: 3318 Le Bron Road Montgomery, AL 36106

MLS#290300

Cute, cute, cute! This great Cloverdale bungalow has charm and character. The exterior is hearty stucco and its architecture has Spanish undertones. The spacious living and dining rooms are great for entertaining, and while the kitchen is small, it has recently had a "facelift" and is completely adequate for a one or three person household. Cozy den/study off the living room is great for home office and could serve as a 3rd bedroom in a pinch! Don't miss the walk-in closet in the main bedroom, a rarity in Cloverdale! Priced to sell, so call your favorite agent and see this one before it gets away!

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.

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: 908 Highpoint Road Montgomery, Al 36109

Tuesday, February 7, 2012
by The Hat Team

Montgomery Real Estate For Sale: 908 Highpoint Road Montgomery, Al 36109

MLS#290156

Remarkable renovation in desirable Dalraida. Complete new kitchen featuring hard surface floors, counter-tops not to mention stainless appliances, new hardware and light fixtures will make cooking a pleasure. New wood floors, hard tile and carpet throughout. Huge main bedroom offers space for a sitting area with gigantic closet and renovated bath. Remodeled 2nd and 3rd bath serves two other good size bedrooms. The cook will enjoy the wide open living space which offers a view of the wood burning fireplace which can be enjoyed from the kitchen, dining, living room and den. Extra large lot has fresh new landscaping. You will also enjoy large detached garage for cars or maybe even a workshop. Separate laundry room conveniently located off kitchen. Sunroom looks over rear patio which has view of huge yard perfect for kids and pets. Almost forgot new roof and new energy efficient windows throughout will save lots of dollars on heating and cooling. Please give us or your favorite agent a call to see the best value Dalraida currently has to offer.

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.

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: 20 Mountainview Drive Montgomery, Al 36109

Tuesday, February 7, 2012
by The Hat Team

Montgomery Real Estate For Sale: 20 Mountainview Drive Montgomery, Al 36109

MLS #290147

Got stuff and need space? Spread out in this family-friendly tri-level that offers privacy for all and a lifestyle like you thought you could never afford! Party by the pool, come inside to the huge bonus room with full bath and never get the carpet wet. Big separate den plus formal living room offers get-aways for adults and teens. Mature trees and shrubs mean beauty year-round. And just blocks from Faulkner, Eastdale and more. The buy of a lifetime so act 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.

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Montgomery Real Estate For Sale: 2143 Madison Avenue Montgomery, AL 36107

Tuesday, February 7, 2012
by The Hat Team

Montgomery Real Estate For Sale: 2143 Madison Avenue Montgomery, AL 36107

MLS #290161

Once in a lifetime opportunity! Own one of the larger homes on historic Madison Avenue at a bungalow price. Lender's loss is your gain if you act quickly and agree to tie up some minor loose ends, wait patiently through short sale approval process. Massive renovation since 2004.

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.

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Midtown Montgomery Real Estate Market Trends - 2010 vs 2011

Saturday, February 4, 2012
by The Hat Team

Environmentally friendly features have become more important to home buyers according to the 2012 Home Buyer and Seller Profile published by the National Association of Realtors. The importance of various features such as heating and cooling, energy efficient appliances and lighting, landscaping, and an environmentally friendly community differ by region.

  • Commuting costs and environmental efficiency have increasingly factored into home buying decisions due to higher energy costs, but also due to overall concern for the environment.
  • Factors that are most important to buyers are those directly related to the buyers’ pocketbook.
  • Heating and cooling costs were at least “somewhat” important to 87 percent of home buyers.
  • Commuting costs were at least “somewhat” important to 73 percent of home buyers.

Now take a look at how the Midtown Montgomery real estate market performed in 2011.

Midtown Montgomery real estate sales statistics for 2011 show the average sales price decreased by 8% to $126,628 when compared to 2010.  The number of homes sold decreased by 18% in 2011.  The median sales prices decreased by 5%, and market times increased 3% or 4 days.  The highest selling home price decreased by 13%, and the lowest selling home price decreased by 99%.

Midtown Montgomery 2011 2010
Homes Sold 290 354
Average Selling Price $ 126,628 $ 137,427
Median Selling Price $ 110,000 $ 116,052
Days On The Market 128 124
Highest Selling Price $ 649,000 $ 750,000
Lowest Selling Price $ 1 $5,100


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 AL Foreclosure Trends - Dec 2011

Friday, January 27, 2012
by The Hat Team

There were 873 Montgomery AL foreclosure homes for sale with 1 in every 1,675 housing units receiving a foreclosure filing in December 2011. The average selling price of a Montgomery AL home was $108,647 and the average foreclosure selling price was $72,743, a $35,905 savings, according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.96% in December while the number of foreclosed homes dropped from 122 to 58.

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 0.10% lower than national statistics, 0.01% higher than Alabama and the same as Montgomery County statistics for the month of December.

montgomery al foreclosure 

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties decreased from 51 homes in November to 20 in December. 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.

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

 

Add Comment

Displaying blog entries 471-480 of 614

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