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Montgomery Foreclosure Trends - July 2009

Saturday, August 15, 2009
by The Hat Team

There are 1,243 Montgomery foreclosure homes for sale with 210 new foreclosures in July 2009, down from the June 2009 high of 240 new foreclosed homes. The average selling price of a Montgomery home is $206,084 and the average foreclosure selling price is $125,000, according to RealtyTrac.com.

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.

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Montgomery Sales Tax Holiday Starts Friday

Thursday, August 6, 2009
by The Hat Team

The Montgomery Sales Tax Holiday starts tomorrow, Friday August 7, 2009 beginning at 12:01 a.m. (CST), and ending at twelve midnight on Sunday August 9, 2009. This is Alabama's fourth annual sales tax holiday giving shoppers the opportunity to purchase certain school supplies, computers, and clothing free of state sales or use tax. Local sales and use tax maymontgomery sales tax apply.

Retailers are required to participate and may not charge tax on items that are legally tax-exempt during the Montgomery Sales Tax Holiday. 

Sales Tax Holiday Quick Reference Sheet of Exempt Items

Sales Tax Holiday Rule 810-6-3-.65

Sales Tax Holiday Act No. 2006-574


For more information, 8:00 a.m. – 5:00 p.m., CST, Monday through Friday,
call 334-242-1490 or 866-576-6531.

Don't miss the opportunity to save money on back to school school supplies and clothing!

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Montgomery AL Real Estate Sales Statistics - June 2009

Friday, July 24, 2009
by The Hat Team
Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in May, increased 0.1 percent to 90.7 from an upwardly revised reading of 90.6 in April, and is 6.7 percent higher than May 2008 when it was 85.0. The last time there were four consecutive monthly gains was in October 2004.

Lawrence Yun, NAR chief economist, cautions that there could be delays in the number of contracts that go to closing. “Closed existing-home sales have improved but are coming in lower than expected because some contracts are delayed or falling through from the application of new appraisal rules for many transactions,” he said. “Rises in contract activity show buyers are becoming more active even as they face much more stringent loan underwriting standards. Speedy clarification of the appraisal rules could smooth a housing market recovery and support the overall economy.”

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

Montgomery AL real estate sales statistics for June show pending sales decreased by 35% in 2009 compared to June 2008. The average sales price decreased by 2% to $135,350 while sold listings were up 8% from 2008.  Market times showed a increase of 10 days or 10% from 2008.

 

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

June 2009

34

38

99

$135,350

June 2008

52

35

89

$138,532

 

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

For the latest Montgomery AL 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: 3244 Southview Ave

Friday, July 24, 2009
by The Hat Team

Montgomery Real Estate For Sale:

3244 Southview Ave Montgomery AL 36106
MLS# 266445 

 

This Edgewood home offers all that you love about old houses, but without old house hassles. Entertain friends in classic style in the formal living & dining rooms featuring heavy stucco walls, arched entryways and hardwood floors. Wonderfully updated gourmet kitchen with breakfast bar opens into a cozy keeping room for informal dining or family gathering. If you enjoy being outdoors, you'll love the private shaded side deck and the beautiful professionally landscaped yard with plenty of room to play. With the option of having the master bedroom downstairs or up, a den/study, and a bonus/rec area upstairs, there is plenty of room to spread out. Unexpected amounts of closet and storage space round out the many amenities this home has to offer.
 

Learn more about 3244 Southview Avenue and other Montgomery real estate by visiting HatTeam.com.

 

Search all Montgomery real estate and homes for sale.

 

 

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More Reasons To Invest In Montgomery Real Estate

Friday, July 10, 2009
by The Hat Team

Montgomery real estate investors have benefited from a steady rental market created by Air Force families. The current economic climate is changing the face of the typical renter however, as more and more tenants come from civilian ranks. Housing affordability is at an all time high, but many families cannot buy due to marred credit. In the past, military families have made up ½ of the tenant population, but nomontgomery real estatew it is only 1/3. 

What does this mean for investors? It is a great time to purchase income producing property. Rents are inching up and the number of prospective renters is growing. Let us help you take advantage of this unique opportunity to invest. Give us a call today!

Search all Montgomery real estate for sale.

 

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Montgomery Real Estate For Sale: 86 Williamson Way

Friday, July 3, 2009
by The Hat Team

Montgomery Real Estate for Sale:

86 Williamson Way, Montgomery AL 36054
MLS# 263925

 

Lender's loss is your gain in this fantastic Legacy-built home with space for everyone. A study/office off the foyer could double as a music room...or Mom's private getaway. Big den with wonderful views across the patio to the pool and immense yard. And upstairs a "man cave," also know as recreation room with wet bar that offers plenty of space for both a huge-screen TV and a pool table. Put your privacy-loving teen up there as there's a bedroom and bath. For peace of mind, the kidney-shaped pool is secured by a Coast Guard-approved safety fence that's easily removed when no longer needed. And right down the street in the common area your children will love frolicking on the huge playground while you relax with friends under the shady gazebo right at the edge of the lake. It's resort living right at home...and all easy on the budget!

Learn more about 86 Williamson Way and other Montgomery real estate at HatTeam.com

Search all Montgomery real estate and homes for sale.

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Montgomery AL Real Estate Sales Statistics - May 2009

Friday, June 19, 2009
by The Hat Team
Record low mortgage interest rates boosted pending home sales for the third consecutive month, with some benefit now from the first-time buyer tax credit, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in April, rose 6.7 percent to 90.3 from a reading of 84.6 in March, and is 3.2 percent above April 2008 when it was 87.5.

Lawrence Yun, NAR chief economist, said buyers are responding to very favorable market conditions. “Housing affordability conditions have been at historic highs, but now the $8,000 first-time buyer tax credit is beginning to impact the market,” he said. “Since first-time buyers must finalize their purchase by November 30 to get the credit, we expect greater activity in the months ahead, and that should spark more sales by repeat buyers.”

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

Montgomery AL real estate sales statistics for May show pending sales increased by 2% in 2009 compared to May 2008. The average sales price decreased by 25% to $112,384 while sold listings were down 13% from 2008.  Market times showed a increase of 1 day or 1% from 2008.

 

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

May 2009

42

33

87

$112,384

May 2008

41

38

86

$150,966

 

The decline in Midtown's average sales price reflects the continued absorption of many inexpensive foreclosure properties.  Investors in our market have decided now is the time to buy, and they are grabbing up the low-priced houses and rehabbing them for resale.

For the latest Montgomery AL 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 Statistics - April 2009

Friday, May 29, 2009
by The Hat Team

Montgomery AL foreclosure homes continued to rise during the first quarter of 2009 with 211 new Montgomery AL foreclosure filings in April compared to 201 filings in March, according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and Home Price Index

Montgomery AL 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 AL Foreclosure Geographical Comparison

The Montgomery AL foreclosure rate is .06% lower than the National rate, but .10% higher than the state of Alabama's rate.

montgomery foreclosure

Montgomery AL Foreclosure Rate Month-By-Month

Montgomery AL pre-foreclosure activity for March and April is an indication that the foreclosure crisis in Montgomery AL is not over with many more Montgomery families in distress situations.

montgomery al foreclosure

Are you or someone you know behind on your mortgage payments and facing a Montgomery AL foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. Give us a call for a private consultation.

Get the value of your Montgomey AL home.

 

 

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Montgomery AL Real Estate Sales Statistics - April 2009

Thursday, May 21, 2009
by The Hat Team

Pending home sales rose with many first-time buyers taking advantage of historically good housing affordability conditions, according to the National Association of Realtors®

 

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, increased 3.2 percent to 84.6 from a level of 82.0 in February, and is 1.1 percent higher than March 2008 when it was 83.7.

Lawrence Yun, NAR chief economist, said it should take a few months for the market to gain momentum. “This increase could be the leading edge of first-time buyers responding to very favorable affordability conditions and an $8,000 tax credit, which increases buying power even more in areas where special programs allow buyers to use it as a downpayment,” he said. “We need several months of sustained growth to demonstrate a recovery in housing, which is necessary for the overall economy to turn around.”
 
Let’s take a look at the March sales statistics to see how the Montgomery AL real estate market looks: 

Montgomery AL real estate sales statistics for April show pending sales increased by 12% in 2009 compared to April 2008, the average sales price increased by 1% to $124,291 while sold listings were up 6% from 2008.  Market times showed a decrease of 2 days or 2% from 2008.

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

Apr 2009

59

34

94

$124,291

Apr 2008

52

32

96

$122,842

For the latest Montgomery AL 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 Ranks As Great Place to Retire

Thursday, April 23, 2009
by The Hat Team
U.S. News and World Report has ranked Montgomery #5 in its top 10 affordable places to retire The rankings are bases on cost of living, housing affordability, taxes, access to arts, culture and sports, and health facilities. All top 10 cities have median home prices below $150,000.

montgomeryBinghamton NY claimed the #1 spot followed by Chattanooga TN, Cocoa FL, Eau Claire WS, Montgomery AL, Omaha NE, Pittsburgh PA, Rosewell NM, San Antonio TX, and South Bend IN.

Montgomery has been recognized for the following:

Cultural Attractions
This state capital is home to the Alabama Shakespeare Festival, the fifth largest Shakespeare festival in the world.
Economy
The city's role as a regional trade center is firmly established, serving as a wholesaling and distribution gateway to the 22-county central Alabama area, as well as to the southeastern United States.

Geography
Montgomery has a generally central location, not only within Alabama but within the United States; approximately one third of the nation's population lives within a 600-mile radius.

Historical
During the Civil War, Montgomery served as the first Confederate government office and still has the first White House of the Confederacy. Years later in 1955, Martin Luther King, Jr., joined Rosa Parks in the Montgomery Bus Boycott.

Recreation
The Montgomery Biscuits, a minor-league affiliate of the Tampay Bay Devil Rays, provides a favorite outing for local baseball enthusiasts. 

Thinking of retiring? Learn about Montgomery real estate at HatTeam.com.

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