Posts Tagged ‘FHA APPROVED HOMES’

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.

The neighborhood name Spring Hill was originally an early 19th century Spanish land grant settlement. Spring Hill is one of Mobile, Alabama’s oldest neighborhoods. Over 150 years ago, Spring Hill gained its prominence when Mobilians built summer homes to seek refuge from the semi-tropical heat of the city and the Yellow Fever epidemic carried by mosquitoes.

Spring Hill has a sense of community with good neighbors and wonderful neighborhoods with antebellum and majestic oaks covering many of the streets, such as, The Cedars, Dilston Lane, Tuthill Lane and Wimbledon Drive. Spring Hill is also an active area with many individuals and groups of friends cycling, jogging, walking and expressing their patronage for the local businesses along McGregor Avenue and Old Shell Road as well as other adjoining streets.

The Country Club of Mobile is located in Spring Hill and provides its members with fine Southern dining, swimming pool, tennis courts, 18-hole golf course and a short 9-hole course. In nearby Langan Municipal Park, Mobilians and its visitors can enjoy the various lake views, walking paths and the wonderful lakefront Mobile Museum of Arts which maintains a fine permanent collection as well as hosting prestigious temporary exhibitions throughout each year. And, just minutes west from the museum, you can enjoy the Azalea City Golf Course ($16 to $39 depending on time of day, cart or walking), the Botanical Gardens and the Mobile Tennis Center, one of the largest of its kind in the United States. Since 1930, Spring Hill College, the oldest school of higher learning in Alabama, has been serving the Mobile Bay Metro Area with a beautiful 18-hole golf course (available without membership) from $32 to $39 each, depending on mornings and afternoons, includes a cart, or Mondays and Wednesdays which also includes a lunch.

Spring Hill‘s retail area includes an active branch of the public library, dentists, doctors, grocery stores, pharmacies, restaurants, women’s & children’s clothing stores, and other professional services. Mary B. Austin, one of Mobile’s oldest public elementary schools, is located along Provident Lane, north side of Old Shell Road. St. Paul’s Episcopal and St. Ignatius schools located nearby provide parochial private education.

Springhill Memorial Hospital, physician’s offices and a fitness center are located along the south side of Dauphin Street, near Interstate U. S. Highway 65, and across from many restaurant facilities and retail shops, such as, Alabama Outdoors, Ann Taylor Loft, Atlanta Bread Company, Ballins, Claude Moore, Coldwater Creek, J. Jill, Jimmy Johns, Jos. A. Bank, Legacy Village at Spring Hill, Metzger’s, Talbots, The Wine Loft, Tropical Smoothie Café, True Restaurant and Zoe’s Kitchen.

In a tough economic climate, the property values within Spring Hill have done better than most other areas in the city of Mobile due to its desirability. With this stated, individuals and families can find many choices for housing, from a small condominium to a spacious home on a large lot. Currently, there are approximately 231 active listings from $44,850 to $3,300,000 asking prices. Recent housing sales, about 70 sold records, for the past six months ranges from $37,500 for a one bedroom, one bath condo to $950,000 for an over 6,000 square foot home with 4 bedrooms and four bathrooms near the Country Club of Mobile. Therefore, Spring Hill has housing price offerings to fit any budget!

For more information about Spring Hill or any other neighborhood in the city of Mobile, contact Albert Marshall Cheney, Certified FHA Approved Real Estate Appraiser, by calling (251) 533-2424 or visit the web site, http://CheneyAppraisalServices.com/. Al Cheney covers all of Baldwin County and Mobile County in The Mobile Bay Metro Area of Alabama.

Greg Easter Appraisals is located in Birmingham, Alabama. Greg Easter, Certified FHA Approved Real Estate Appraiser, covers five (5) counties: Jefferson County (cities: Birmingham, Bessemer, Hoover & other county towns), Shelby County (cities: Alabaster, Helena, Pelham, Montevallo & other county towns), Blount County (cities: Warrior, Hayden, Locust Fork & Palmerdale), St. Clair County (cities: Springville, Moody, Odenville & Branchville), and Walker County (cities: Dora & Sumiton).

Some of Greg Easter‘s services include FHA Residential Appraisal Reports, HVCC Compliant Reports, USDA Reports, Residential Appraisal Reports for Conventional & Secondary Mortgages, Refinance Reasons, PMI Removal as well as homeowners needing assistance with a market value estimate to determine their asking price.

Certified Real Estate Appraiser Greg Easter has the training and experience which makes him one of the leading Birmingham real estate market resources for many Appraisal Management Companies (AMCs) and mortgage lenders across the United States. With 19+ years experience, Greg Easter has a proven track record of reducing a lender’s timeframe by turning most appraisal reports within a 24 hour period.

Click the web-link and find out more about Greg Easter Appraisals, LLC in Birmingham, Alabama. You may also call Greg at (205) 979-3226 or email him at geaster22@bellsouth.net. His mailing address is:

Greg Easter Appraisals, LLC
P.O. Box 360685
Suite 200
Birmingham, Alabama 35236