Posts Tagged ‘area services real estate appraisers’

The marketing conditions in the Lillian, Alabama area indicates an increase in active listings and an increase in the months of housing supply (total listings/absorption rate) which could jeopardize local property values.

Over the past 12 months (13 June 2009 to 13 June 2010), there has been a reduction of 63% in sales (88 sales in the past 12 months), resulting in an over 20 months absorption rate (115+ active listings at this posting).

The active listings and housing sales primarily range from $29,900+ to $999,000+, including manufactured homes, colonial, contemporary, cottage, ranch, and other accepted local styles.

The median sale price percentage is 92.616% to 94.299% when comparing to asking list prices. Properties will move quicker if asking prices are competitive. So, unless competitively priced, be patient, a rising absorption rate will result in longer times when selling your home within Lillian, Alabama.

Contact Cheney Appraisal Services for additional information by telephoning (251) 533-2424 or email your comments and questions to Albert@CheneyAppraisalServices.com.

Chad Hayes, Hayes Appraisal Group, is a leading provider of residential real estate appraisals within Cheatham County, Davidson County, Maury County, Montgomery County, Robertson County, Rutherford County, Sumner County, Williamson County and Wilson County of Tennessee. Chad Hayes, Certified FHA Appraiser, completes appraisal reports for:

• Conventional Loan Purposes
• FHA & HUD Purposes
• Primary and Secondary Mortgages
• Employee Relocations
• Home Modification Or Retention Issues
• Mortgage Refinancing Purposes
• Private Mortgage Insurance (PMI) Removal
• Settling Estates With Real Property
• Divorce Settlements
• Other Legal Issues, such as, Bankruptcies

Chad Hayes, Hayes Appraisal Group, has invested in many hours of training and technological advancements which helps us to serve our clients better and reduce their workload. By offering online appraisal ordering, coupled with automatic report status updates and electronic delivery of the final product, we are able to eliminate the run around and phone tag hassles associated with this process. And since this process saves us money as well, we can keep our rates competitive with anybody else in the appraisal industry. Chad Hayes strives to give all clients:

• Short Turn-Around Times
• Highest-Quality Appraisal Reports
• Online Status Reports
• Electronic Ordering and Delivery
• Competitive Appraisal Fee Pricing

Call, email and or write Chad Hayes for further information about his appraisal expertise and the real estate market within Tennessee:

Hayes Appraisal Group, Inc.
Post Office Box 8178
Hermitage, TN 37076
Phone: (615) 773-7804
Toll Free Phone: 1-877-224-9619
Fax: (615) 773-7805
E-mail: hayes_appraisals@tds.net

The Daphne, Alabama Lake Forest development is the largest residential community in the State of Alabama. Lake Forest has around 3,400 property owners with approximately $38 dues per lot. This PUD development has a clubhouse, golf courses, horseback riding stables, swimming pools, tennis courts and a yacht club on Mobile Bay. Lake Forest is located on the south side of U. S. Interstate Highway 10, east side of U. S. Highway 98, and located near major regional shopping centers.

Lake Forest is conveniently located near Historic Downtown Mobile, Alabama by traveling about 15 minutes west across the I-10 Bay-Way. Gulf Shores, Orange Beach and Alabama’s white sandy beaches and blue-green waters of the Gulf of Mexico are located only about a 35-minute drive south southeast.

Currently, Lake Forest has at least thirty-eight (38) active MLS (Multiple Listing Service) REALTOR listings. Most of the listed homes have 1,300 to 3,000+ square feet (varies from unit to unit) and the asking prices will primarily range from $125,000 to $255,000.

There have been around forty-eight (48) MLS home sales in the past twelve months according to the Baldwin County Association of REALTORS. The vast majority of these Lake Forest home sales ranged from $75,000 and $210,000.

The Sales Per Month Absorption Rate is currently 4.33 homes per month in Lake Forest. With 38 active listings, the current housing supply is 8.78 months (38 active listings divided by 4.33 home sales per month).

Lake Forest ‘s Median Comparable Sale Price is now $108,000 compared to $120,000 four to six months ago. The days on market (dom) appears to mostly range from 96 days to 147 days over the past 12 months.

Lake Forest ‘s Median Sale Price as percentage of list price has slipped slightly over the past twelve (12) months: 96.445%, 7-12 months ago; 96.077%, 4-6 months ago; past 3 months, 94.943%.

For more information about Lake Forest, go to this weblink, http://www.lakeforestpoa.com/.

Albert Cheney, Cheney Appraisal Services, covers the Mobile Bay Metro Area, Baldwin County and Mobile County of Alabama. Albert Cheney is an active Certified Residential Real Property Appraiser and FHA Approved Appraiser with 35+ years experience in the real estate industry.

Call Albert Cheney at (251) 533-2424 or Albert@CheneyAppraisalServices.com if you require more information about Alabama real estate and ordering a “Certified” real estate appraisal report.