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Midtown Montgomery Real Estate Market Trends - May 2013

Thursday, May 23, 2013
by The Hat Team

We've heard much about investors playing a role in the housing recovery, but they aren't the only major players. According to results from the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey for March, first-time homebuyers and current homeowners are also building a strong presence as they dominate the non-distressed market. Investors accounted for 13.3 percent of the market share for non-distressed properties, while current homeowners represented 50 percent of the market. First-time homebuyers also made up a significant portion at 36.8 percent. Read the entire article here.

Increased home sales result in higher prices. Are you an investor or a current home owner thinking about buying this spring? Now couldn't be a better time to buy...before prices increase and interest rates remain low. Contact me and together we can get the ball rolling.

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

Midtown Montgomery real estate sales statistics for April 2013 show the number of homes sold increased by 3% when compared to April 2012. The average sales price decreased by 31% to $101,239 for the month. The median sales prices decreased by 11%, and market times increased by 15 days.  The highest selling home price decreased by 63%, and the lowest selling home price increased by 37% from April 2012.

As is often the case in an area like Midtown where prices vary widely, a single $600,000 sale skewed the April 2012 average selling price to an unrealistic high.  Last month's average is far more representative of reality.

Midtown Montgomery April  2013 April 2012
Homes Sold 32 31
Average Selling Price $ 101,239 $ 147,652
Median Selling Price $ 89,000 $ 100,000
Days On The Market 145 130
Highest Selling Price $ 222,000 $ 600,000
Lowest Selling Price $9,500 $6,000

 

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 AL Home For Sale: 1458 Watson Ave

Friday, May 3, 2013
by The Hat Team

Montgomery AL Home For Sale:

1458 Watson Ave, Montgomery AL 36106
MLS# 300853

Precious Old Cloverdale Cottage!

1458 watson ave
This tudor-esque gem could be yours! Precious Old Cloverdale cottage has inviting front porch for relaxing and visiting with neighbors. The living room has a barrel-vault ceiling and architecturally pleasing arches. Beautiful hardwood floors throughout most of the house. Kitchen has been updated as has the bathroom. Good storage for a home of this era, too! Big back yard great for pets, kids, or Bar-b-ques!

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 - March 2013

Friday, April 26, 2013
by The Hat Team

In March, the number of properties that received a foreclosure filing in Montgomery, AL was 32% higher than the previous month and 8% lower than the same time last year, according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

 

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 0.01% lower than national statistics, 0.03% higher than Alabama and and 0.01% higher than Montgomery County statistics in March 2013.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties remained the same as February and increased 35.7% compared to March 2012. The number of Auctions increased 63.2% compared to February and dropped 23.5% from March 2013.

montggomery 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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Midtown Montgomery Real Estate Market Trends - April 2013

Friday, April 19, 2013
by The Hat Team

The 1968 Fair Housing Act prohibited housing discrimination on the basis of race, color, national origin, religion, sex, familial status, or handicap. Every April, REALTORS® celebrate Fair Housing Month to reaffirm their continuing commitment to fair and equitable treatment and a professional level of service for all in their search for real property.

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

Midtown Montgomery real estate sales statistics for March 2013 show the number of homes sold decreased by 6% when compared to March 2012. The average sales price decreased by 6% to $87,165 for the month. The median sales prices increased by 48%, and market times decreased by 7 days. The highest selling home price decreased by 24%, and the lowest selling home price increased by 27% from March 2012.

Midtown Montgomery March 2013 March 2012
Homes Sold 30 32
Average Selling Price $ 87,165 $ 92,571
Median Selling Price $ 91,500 $ 47,950
Days On The Market 124 131
Highest Selling Price $ 286,900 $ 375,000
Lowest Selling Price $15,000 $11,000

 

Despite these disappointing numbers, we continue to see a real increase in buyer activity and now in pending sales. April’s numbers should look much better!

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 Real Estate: 1400 Blairwood Ct

Friday, April 12, 2013
by The Hat Team

Montgomery AL Real Estate:

1400 Blairwood Ct, Montgomery AL 36016
MLS# 300332

Best Of Both Worlds!


Get the best of both worlds - a "new" home in charming Cloverdale! Take one step inside and you'll find huge windows all the way up to the vaulted ceiling. The kitchen has beautiful granite countertops and overlooks the huge private patio that's perfect for entertaining or just relaxing. The downstairs master suite has a gorgeous bathroom with split vanities and two walk-in closets. The attached two car garage is also a unique feature for the neighborhood. Check out this great location with restaurants and entertainment just around the corner!

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 Real Estate: 1904 Ridge Ave

Thursday, April 11, 2013
by The Hat Team

Montgomery AL Real Estate:

1904 Ridge Ave, Montgomery AL 36106
MLS# 300272

Craftsman Style Bungalow At Its Finest!


Craftsman style bungalow at its finest! Fabulous Old Cloverdale location is icing on the cake! You can either entertain at home in the huge gourmet kitchen or by the pool, or walk to all your favorite hang outs in both Cloverdale entertainment districts. After that, come back home and relax on the front porch swing or on the covered deck. Put this historic beauty on the top of your list to check 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.

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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Midtown Montgomery Real Estate Market Trends - March 2013

Friday, March 22, 2013
by The Hat Team

Let’s face it, all the information in the world about how to buy and sell a house is at your finger tips. So why hire a real estate professional to represent you in the purchase or sale of your home, when you can save the big fat commission they charge and do it yourself. If you have asked yourself this question, you are not alone. Here are the top 5 reasons to hire a real estate professional:

1. Education & Experience

Most people buy or sell homes 2-3 times in their lives. Many real estate professionals are involved in buying and selling real estate 2-3 times a month. Henry Ford once said that when you hire people who are smarter than you are, it proves you are smarter than they are. You don’t need to know all there is to know about buying or selling real estate, you just need to hire the people that do. Hire someone with more experience and education than you that can help you get the best possible deal and save you precious time and money.

2. Agents are Buffers

If you are a buyer, agents will insulate you from builder representatives and listing agents, who can be piranhas when going after a sale. And if you are a seller, your agent will weed through the ‘lookie loos’ and bring you only well-qualified buyers. Real estate professionals save you time…and as they say, ‘time is money.’

3. Neighborhood Knowledge

Your neighbor may know that the people who sold the house down the street were asking $350,000, but your real estate agent will know that the house actually sold for $295,000 and paid $5,000 of the buyer’s closing costs after being on the market 45 days.

4. Price Guidance

Your real estate agent is able to guide you through the decision making process to help you make the right choice for yourself and your family. Whether a buyer or seller, agents are able to provide you with the data you need to choose a correct price and then put together a negotiating strategy based on market supply, demand and conditions.

5. Market Conditions Information

Real estate professionals can also provide you with market data such as price per square foot, median and average sales prices, days on market and list/sell ratios that will have a bearing on your buying and selling decisions.

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

Midtown Montgomery real estate sales statistics for February 2013 show the number of homes sold increased by 25% when compared to February 2012. The average sales price increased by 21% to $120,403 for the month. The median sales prices increased by 30%, and market times increased by 16 day. The highest selling home price increased by 59%, and the lowest selling home price increased by 20% from February 2012.

Midtown Montgomery February 2013 February 2012
Homes Sold 24 18
Average Selling Price $ 120,403 $ 95,287
Median Selling Price $ 82,656 $ 58,000
Days On The Market 133 117
Highest Selling Price $ 695,000 $ 286,000
Lowest Selling Price $5,000 $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 AL Foreclosure Trends - January 2013

Friday, March 1, 2013
by The Hat Team

There were 780 Montgomery AL foreclosure homes for sale with 1 in every 1,259 housing units receiving a foreclosure filing in January 2013. The average selling price of a Montgomery AL home was $104,490 and the average foreclosure selling price was $65,632, a $38,858 savings according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.41% in January while the number of foreclosed homes dropped from 88 to 75.

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, 0.01% higher than Alabama and and 0.01% higher than Montgomery County statistics in January 2013.


montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties decreased from 69 homes in December to 66 in January. The number of Auctions dropped from 19 to 1 and 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.

 

Add Comment

Midtown Montgomery Market Trends - January 2013

Friday, February 22, 2013
by The Hat Team

If you are wondering what home improvement projects will give you the best return on the sale of your home, think “curb appeal.”

When buyers are shopping for a home, the exterior can make (or break) the first impression. According to the 2013 Cost vs. Value Report, exterior replacement projects are among the most valuable home improvements that sellers can currently invest in, starting with the front door.

A steel entry door topped this year’s survey with an estimated 85.6 percent of the costs recouped at resale. The steel door replacement is also the least expensive of the 35 midrange and upscale remodeling projects included in the survey, costing $1,137 on average.

This is the 15th year for the Cost vs. Value Report. This year’s survey included more than 3,900 appraisers, sales agents, and brokers across the country who provided their opinions and estimates.

Exterior projects dominated the list with six of the top 10 most cost-effective midrange projects and eight of the top 10 upscale projects.

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

Midtown Montgomery real estate sales statistics for January 2013 show the number of homes sold decreased by 31% when compared to January 2012. The average sales price decreased by 42% to $79,911 for the month. The median sales prices decreased by 51%, and market times decreased by 18 day. The highest selling home price decreased by 53%, and the lowest selling home price was the same as January 2012.
 

Midtown Montgomery January 2013 January 2012
Homes Sold 22 32
Average Selling Price $ 79,911 $ 137,622
Median Selling Price $ 61,050 $ 125,200
Days On The Market 133 151
Highest Selling Price $ 369,000 $ 785,000
Lowest Selling Price $9,000 $9,000

 

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 AL Foreclosure Trends - Dec 2012

Friday, February 8, 2013
by The Hat Team

There were 810 Montgomery AL foreclosure homes for sale with 1 in every 1,024 housing units receiving a foreclosure filing in December 2012. The average selling price of a Montgomery AL home was $166,547 and the average foreclosure selling price was $65,632, a $100,915 savings according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.35% in December while the number of foreclosed homes dropped from 122 to 88.

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, 0.01% higher than Alabama and and the same as Montgomery County statistics in December 2012.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties stayed the same at 69 homes in December. The number of Auctions dropped from 53 to 19 and 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.

 

Add Comment

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