Dothan Real Estate Market Report - July 2009 New Construction
July 8th, 2009 - Categories: Inside the numbers, New construction homes in Dothan
By: Judy Spears
Broker Associate, CRS, ABR, GRI, CNHS
http://www.judyspears.com
June saw an increase in new home starts here in Dothan over last month’s numbers, although the number of permits issued was down compared to June, 2008. Overall, new home permits issued are down 21.8% year-to-date when compared to last year.
The number of new construction homes for sale around Dothan has dropped to 212, down from a high of 257 houses in April. The number of new homes sold was up sharply to 23 in June, with an average price per square foot of $110.81, and average days on the market of eight months. That is a huge jump in both these figures compared to last month.
Looking at the quarterly home starts over the past three years tells much the same story. The new construction market in the Dothan area is pretty flat right now.
If you have an interest in building or purchasing a new construction home, give me a call or use the contact form. As a Certified New Homes Specialist (CNHS), I have extensive training in the new home market and would be happy to consult with you on your real estate needs.
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Monday Market Snapshot - July 6, 2009
July 6th, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
| Homes on market | 1081 | DOWN |
| Median List price | $159,950 | DOWN |
| Avg $ per sq ft | $92.01 | DOWN |
| Avg days on market | 173 | DOWN |
| Least expensive listing | $6,600 | - |
| Most expensive listing | $1,950,000 | - |
| Pending sales | 180 | DOWN |
| Sales last 30 days | 76 | UP |
The number of homes for sale in and around Dothan saw a much needed drop this week, down to its lowest level since early May. Median list price also is down significantly this week. Both of these stats, combined with the strong number of pending sales, are good signs for the Dothan real estate market.
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Kiwanis Family Fourth will be bigger and better than ever!
June 30th, 2009 - Categories: Wiregrass Life and Lifestyles
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
This Saturday is our nation’s birthday, and there can’t be a better way to spend it than attending the 3rd Annual Kiwanis Club of Dothan Family Fourth Celebration at the National Peanut Festival Fairgrounds! Everything is bigger and better this year! In addition to the Kids Zone, the concerts, and of course, the huge fireworks show after dark, there will be more vendors, a bigger car show, plus a Family Fun Pavilion.
Gates open at 10 a.m. and the event ends with the fireworks show. Advanced tickets are available at several locations around the Wiregrass, including the office of CENTURY 21 Key Realty at 2275 Montgomery Highway in Dothan. Advanced tickets are half-priced at $5. Tickets on the day of the event will be $10 at the gate. As always, kids 12 and under get in free!
Please come out and help support the Kiwanis Club of Dothan. All proceeds from the Family Fourth Celebration are put back into the community by the club.
See you there!
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Monday Market Snapshot - June 29, 2009
June 29th, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
| Homes on market | 1101 | DOWN |
| Median List price | $164,500 | UP |
| Avg $ per sq ft | $92.88 | DOWN |
| Avg days on market | 174 | UP |
| Least expensive listing | $10,000 | - |
| Most expensive listing | $1,950,000 | - |
| Pending sales | 184 | UP |
| Sales last 30 days | 71 | UP |
The number of homes for sale in and around Dothan has dropped back a bit in the last few weeks. The average dollars per square foot of homes listed as active on the market is at its lowest level since we started tracking that statistic on a weekly basis last July.
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Monday Market Snapshot - June 22, 2009
June 22nd, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
| Homes on market | 1116 | DOWN |
| Median List price | $164,000 | UNCHANGED |
| Avg $ per sq ft | $93.29 | DOWN |
| Avg days on market | 171 | UP |
| Least expensive listing | $10,000 | - |
| Most expensive listing | $1,950,000 | - |
| Pending sales | 177 | DOWN |
| Sales last 30 days | 58 | DOWN |
Homes on the market are down slightly this week, but so are pending sales and homes sold in the last thirty days
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Are we about to have another housing market boom?
June 19th, 2009 - Categories: Real Estate News
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
Here is what Dan Green, author of The Mortgage Reports, has to say. Don’t know that I necessarily agree, but his numbers make a strong case. Only time will tell.
In April, the number of MLS-listed homes that went under contract rose by an astounding 7 percent. It’s the biggest one month jump in Pending Home Sales since October 2001, not coincidentally, the second-to-last month of the Early 2000s Recession.
via How We Know That Existing Homes Sales Will Boom Through Summer 2009 | The Mortgage Reports.
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Monday Market Snapshot - June 15, 2009
June 16th, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
| Homes on market | 1122 | UP |
| Median List price | $164,000 | DOWN |
| Avg $ per sq ft | $93.56 | DOWN |
| Avg days on market | 169 | DOWN |
| Least expensive listing | $10,000 | - |
| Most expensive listing | $1,950,000 | - |
| Pending sales | 181 | UP |
| Sales last 30 days | 66 | UP |
Pending sales are up again this week, rising to 181 homes. 30-day home sales are also up to their high level since late April. Looking at pricing parameters, both median list price and average dollars per square foot continue to fall.
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Dothan real estate market - June 2009 Sales report
June 9th, 2009 - Categories: Buying a home in the Dothan area, Dothan area Real Estate Market information, Selling a home in the Dothan area
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
Home sales in and around the Dothan area fell to their lowest monthly level since January last month, with just 64 houses shown as sold during May, according to data from the Dothan Multiple Listing Service. That is down from the 76 sold in April and is nearly half of the number of homes sold in May of 2008. Year-to-date, home sales in the Dothan real estate market are lagging over 27% behind 2008 numbers.
On a positive note, pending sales have been trending upward over the last couple of months. In fact, the 174 homes marked as pending in the Dothan MLS this week is the highest since early last summer. The number of homes listed in pending status is a good indication of sales activity in the next 30–60 days.
So what does this mean? It could possibly mean that the Dothan real estate market has reached its bottom. That does seem somewhat unlikely, given that the number of homes currently on the market is at an all-time high. There can be no sustainable rebound in home sales until inventory starts to fall. Also, median price so far in 2009 has been just under $130,000, which is down three to four percent from the final 2008 number. Hopefully, we won’t need to see any further erosion of prices before an upswing begins. Time will tell. One thing is for sure, we won’t know until several months after it has already happened that the bottom has been reached.
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Dothan Real Estate Market Report - June 2009 New Construction
June 9th, 2009 - Categories: Inside the numbers, New construction homes in Dothan
By: Judy Spears
Broker Associate, CRS, ABR, GRI, CNHS
http://www.judyspears.com
After a sharp increase in home starts in April, the number of permits issued for new construction homes was down to just 17 in May. That number is also down from the 23 issued in May of last year. Year-to-date, new home permits issued are down nearly 27% from the same time period in 2008.
The number of new construction homes for sale around Dothan has dropped to 236 as of this morning, down from 257 houses listed last month. However, there were only 10 sales of new construction homes in May, with an average price per square foot of $101.33, and average days on the market of 160 days. That is another drop in price, and a slightly lower number of days on market.
If you have an interest in building or purchasing a new construction home, give me a call or use the contact form. As a Certified New Homes Specialist (CNHS), I have extensive training in the new home market and would be happy to consult with you on your real estate needs.
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Monday Market Snapshot - Dothan real estate picture on June 8, 2009
June 8th, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
| Homes on market | 1114 | UP |
| Median List price | $164,900 | UNCHANGED |
| Avg $ per sq ft | $94.20 | DOWN |
| Avg days on market | 171 | DOWN |
| Least expensive listing | $10,000 | - |
| Most expensive listing | $1,950,000 | - |
| Pending sales | 174 | UP |
| Sales last 30 days | 57 | DOWN |
While the number of homes for sale in and around Dothan was up slightly again this week, the number of pending sales skyrocketed to a 12-month high. In fact, pending sales are up 34% since mid April.
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