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Home Prices in Mobile Neighborhoods

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Downtown - Midtown area - 733 homes sold with an average sales price of $102,981 in 2005. In 2004 a total of 651 homes sold with an average sale of $87,283. Presently there are approximately 260 homes on the market with an average listing price of $134,502.

Municipal Park area - 327 homes sold with an average sales price of $91,057 in 2005. In 2004 a total of 315 homes sold with an average sale of $81,458. Currently there are approximately 42 homes on the market with an average listing price of $115,641.

Springhill - USA area - 454 homes sold with an average sales price of $199,901 in 2005. In 2004 a total of 304 homes sold with an average sale of $177,540. Currently there are approximately 88 homes on the market with an average listing price of $351,289.

Cottage Hill area - 811 homes sold with an average sales price of $150,072 in 2005. In 2004 a total of 698 homes with an average sale of $138,816. Currently there are approximately 111 homes on the market with an average listing price of $255,948.

West Mobile - Airport area - 1,197 homes sold with an average sales price of $167,405 in 2005. In 2004 a total of 1,008 homes sold with an average sale of $150,296. Currently there are approximately 151 homes on the market with an average listing price of $268,945.

Good quality, attractively showcased homes are in high demand. While interest rates have moved up and down slightly housing is still considered a bargain and is not expected to take the steam out of the market. A large number of people have re-entered the work force leading to a downward revision of the unemployment rate.

Mobile Characteristics: The area is warm and sunny, with many activities and employment opportunities available. Lots of new industry is bringing many new jobs to this area. The area has great schools, lots of family attractions, and things to do along with its world-famous succulent seafood.

Sources:
www.neighborhoodscout.com
www.homeseekers.com
www.mtlaurel.com

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