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Montgomery Real Estate Sales Statistics - August 2009

Saturday, September 19, 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. 

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

Aug 2009

64

42

108

$136,850

Aug 2008

38

36

110

$162,606

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 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 307-309 S Capitol Pkwy

Tuesday, September 15, 2009
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.

 

Learn more about 307-309 S Capitol Pkwy and other Montgomery real estate by visiting HatTeam.com.

 

Search all Montgomery real estate and homes for sale.

 

 

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Montgomery Real Estate For Sale: 1438 Gilmer Avenue

Monday, September 14, 2009
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.

 

Learn more about 1438 Gilmer Avenue and other Montgomery homes for sale by visiting HatTeam.com.

 

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Montgomery Real Estate For Sale: 3319 Wilmington Road

Tuesday, August 25, 2009
by The Hat Team

Montgomery Real Estate For Sale:

3319 Wilmington Rd, Montgomery AL 36105
MLS #267340

Room to move around, plus a bonus! This South Hull District home has much to offer...like large living room with fireplace and hardwood floors, a dining room fit to entertain, and a cheery sunroom! Also, if you have a treasured vehicle, there is a 1 1/2 car garage with automatic door opener big enough for a car and a few motorcycles. Big bedrooms allow for plenty of large furniture, and the master even has his and hers closets. The true "surprise"...hidden behind a door in the hallway you'll find a staircase that takes you to a HUGE 2nd floor bonus room with gorgeous pine walls, ceiling, and floor. This space is perfect for a game room (current use,) media room, play room for kids, or teenager's getaway space. There's also another room up there that could be a 4th bedroom! Shady back yard is fenced for the family pet and great space for playing or relaxing. Roof is only 2 yrs old and this house is ready to move into. First time home buyers, jump on this one and get $8,000 from Uncle Sam! Don't wait, the money goes away Nov.30th!!!

 

Learn more about 3319 Wilmington Road and other Montgomery real estate by visiting HatTeam.com.

 

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Montgomery Real Estate For Sale: 2186 Allendale Road

Monday, August 24, 2009
by The Hat Team

Montgomery Real Estate For Sale:

2186 Allendale Rd, Montgomery AL 36111
MLS #267279

Perfect peaceful Allendale! If you love to spend time with family and friends, and like to spread out...this home is just right for you. Multi-purpose areas, family room great for games and toys, and beautiful kitchen open to breakfast banquette and gathering room. Covered porch and big shady back yard invites cook-outs and play time with those you love. There is a wonderful downstairs bedroom "suite" for visitors that even has it's own entrance. Two more spacious bedrooms plus a great master AND a private office/study upstairs. You will love having morning coffee on the upstairs balcony off the master bedroom. There is plenty of storage in the walk-in attic and abundant walk-in closets. Recent renovations and tastefully designed additions make this home like new and move in ready.

Learn more about 2186 Allendale Road and other Montgomery real estate by visiting HatTeam.com.

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Montgomery Real Estate For Sale: 2510 Jasmine Road

Monday, August 24, 2009
by The Hat Team

Montgomery Real Estate For Sale:

2510 Jasmine Road, Montgomery AL 36111
MLS #267290 

This McGehee Estates home is not your typical ranch. Located on a quiet cul-de-sac, it offers an open floor plan with wonderful space to entertain family and friends. The extra large L-shaped family room has built-in bookshelves and overlooks the patio and sparkling salt water pool. Updated kitchen is a joy to cook in with double ovens and plenty of granite counter space. With walk-in closets and tons of storage, you'll want to put this one at the top of your list to see.

Learn more about 2510 Jasmine Road and other Montgomery real estate by visiting HatTeam.com.

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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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