Posts Tagged ‘New Construction Homes’

The French Settlement, a new subdivision, is located along the West side of County Road 13 in Daphne, Alabama. Its location is only around 20 to 25 minutes to downtown Mobile, Alabama.

Home construction is ongoing and steady within this new residential community. The majority of the newly constructed homes within the French Settlement are 3 bedrooms and 4 bedrooms with a few 5-bedroom homes interspersed throughout. Sold homes over the past year range from $195,000 to $324,000 and having 1600 square feet to 2798 square feet.

There are currently several active home listings with ranging asking prices from $210,000 to $375,000.

Al Cheney covers all of the Daphne jurisdiction as well as other communities within Baldwin County, Alabama. Call 251-533-2424 today with all your appraisal questions. Al Cheney is ready to assist you with your questions and any appraisal assignments you have located within Baldwin County, Alabama.

The majority of typical homes within the Daphne jurisdiction will have a great discounted fee of around $250 for nonfinancial appraisal assignments. Complex, special requirements and or waterfront residential properties will require a quote from Al Cheney. Call today for your appraisal quote, 251-533-2424!

The 2009 fourth quarter, 1st October 2009 to 31st December 2009, indicates at least 838 sales within Mobile County, Alabama according to online REALTOR information records. The total sales can be broken down into four property type categories: (1) condominiums & townhouses, (2) manufactured homes, (3) new construction homes, and (4) single family older homes. Also, the last quarter of total sales compared to the third quarter of total sales indicate a drop of 146 sales, or -14.8%.

The approximate 31 condominiums & townhouses had an average list price of $107,838, 69 average days on market (dom) and a sale price to list price percentage of 91.03%.

The approximate 13 manufactured homes had an average list price of $41,923, 61 average days on market (dom) and a sale price to list price percentage of 86.24%.

The approximate 131 new construction homes had an average list price of $179,631, 70 average days on market (dom) and a sale price to list price percentage of 99.39%.

The approximate 659 single family older homes (18.44% drop when compared to the third quarter) had an average list price of $142,956, 86 average days on market (dom) and a sale price to list price percentage of 95.8%.

The average days on market (dom) for the fourth quarter was around 82 days and the average per square foot was $78.

The fourth quarter indicates more new construction in west Mobile, south of the Mobile Regional Airport, Semmes, southwest Mobile County, Theodore, and the Tillman’s Corner area when compared to other areas of Mobile County. Most of the single family residential or home sales occurred in the areas north and south of Cottage Hill Road, Municipal Park area & city west central, west Mobile, Semmes, Midtown area near downtown historic Mobile, and areas east of Wilmer, Alabama.

The average sold terms for the fourth quarter was CASH (21%), CONVENTIONAL (27.3%), FHA (42.4%), VA (6.4%) and OTHER-ASSUMPTION, AUCTION, VENDOR LIENS (2.9%).

The above information has been provided by Albert Marshall Cheney, Cheney Appraisal Services, located in 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. Contact 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.