Monday Market Snapshot - January 5, 2009
January 5th, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
http://www.dothanhomesearch.com
| Homes on market | 979 | DOWN |
| Median List price | $165,900 | DOWN |
| Avg $ per sq ft | $94.94 | DOWN |
| Avg days on market | 167 | UP |
| Least expensive listing | $10,000 | DOWN |
| Most expensive listing | $1,950,000 | DOWN |
| Pending sales | 95 | DOWN |
| Sales last 7 days | 7 | DOWN |
The number of homes for sale in Dothan took another drop this week. Most likely there were many listing agreements that expired at the end of the year. I fully expect this number to move back up over the coming weeks.
Pending sales also took a dive. A drop-off is expected this time of year, so it remains to be seen if this is anything more than a seasonal adjustment.
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Follow us on Twitter!
December 30th, 2008 - Categories: Just for Fun, Real Estate News
By: Charles Woodall
http://www.dothanhomesearch.com
You’ve probably noticed the new widget in the sidebar over to your right. That is the Twitter widget, which shows you all of our updates on Twitter. Currently, we are posting our new listings, new video tours, and new listings under $100,000, as well as some other real time updates that relate to the Dothan real estate market. We’ll be adding more automatic updates soon.
If you are on Twitter, give us a follow by clicking on the “Follow” button in the top right corner of the widget. If you aren’t on Twitter, here is a short video explaining the concept. Be careful though, its addictive!
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Monday Market Snapshot - December 29, 2008
December 29th, 2008 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
http://www.dothanhomesearch.com
| Homes on market | 997 | DOWN |
| Median List price | $166,800 | DOWN |
| Avg $ per sq ft | $95.40 | UP |
| Avg days on market | 166 | UP |
| Least expensive listing | $10,000 | DOWN |
| Most expensive listing | $2,500,000 | UNCHANGED |
| Pending sales | 102 | DOWN |
| Sales last 7 days | 5 | DOWN |
Highlights
- The number of homes on the market is down again this week, although ever so slightly
- Pending sales are down to the lowest level since last winter. Not entirely unexpected however.
- Median list price and price per square foot are still holding steady
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Merry Christmas from all of us at CENTURY 21 Key Realty
December 24th, 2008 - Categories: Just for Fun
By: Charles Woodall
http://www.dothanhomesearch.com
All of us at CENTURY 21 Key Realty would like to wish all of you a Merry Christmas and a prosperous New Year!
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Dothan real estate market - December Sales report
December 23rd, 2008 - Categories: Buying a home in the Dothan area, Dothan area Real Estate Market information, Selling a home in the Dothan area
By: Charles Woodall
http://www.dothanhomesearch.com
I have to admit, I had to check this months number a couple of times, because I didnt believe what I saw. The number of homes sold in Dothan in November was down over 50% from November, 2007. Last November, there were 106 homes sold. This year, we had a paltry 51, which incidentally is the lowest monthly sales number since October, 2005. I guess I didnt see it coming because we seemed to be fairly business around here.
Im inclined to think that this significant drop is just a correction after a third quarter where home sales were actually up in Dothan. Hopefully we will have a better picture in a few weeks.
The number of pending home sales remain fairly steady however. There are currently 111 sales pending in the Dothan MLS.
Single-family home sales are down about 10.4% for the year through November.
If you are reading this and wondering if it is a good time to buy or sell a home in Dothan, then we need to talk. Pick up the phone and call me at the office, 3347936990, or on my cell, 3345960808. Im not going to give you a hard sell or anything like that, we will just talk about your situation and try to figure out what is best for you right now. Sound fair?
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Dothan Planning Commission Meeting - December, 2008
December 22nd, 2008 - Categories: Dothan area Real Estate Market information
By: Judy Spears
The December meeting of the Dothan Planning Commission was short and fairly uneventful, as one might expect in December.
Approval for a preliminary plat for Cottonwood Downs subdivision, to be located between Trawick Road and Bob Hall Road in southwest Dothan. This development will have 181 lots, each approximately 50′ wide, with a minimum lot area of 5,000 square feet. The Dothan City Commission will have to approve rezoning of the property before construction can begin. It is interesting to note that this is the second or third time that this property has been before the Planning Commission. Not sure why, but it looks like this time construction is actually going to begin.
Development plans for Staybridge Suites, to be located in the 5100 block of Montgomery Highway, were approved, as well as plans to replat a residential area on Fifth Avenue.
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Monday Market Snapshot - December 22, 2008
December 22nd, 2008 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
http://www.dothanhomesearch.com
| Homes on market | 998 | DOWN |
| Median List price | $167,200 | UP |
| Avg $ per sq ft | $95.14 | DOWN |
| Avg days on market | 163 | DOWN |
| Least expensive listing | $12,000 | UNCHANGED |
| Most expensive listing | $2,500,000 | UNCHANGED |
| Pending sales | 111 | DOWN |
| Sales last 7 days | 12 | UP |
Highlights
- The number of homes for sale in Dothan is back below 1,000
- Median list price jumped almost $2,000 this week
- The number of pending sales is down again this week after being up last week
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Dothan Real Estate Market - December Inventory Report
December 19th, 2008 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
http://www.dothanhomesearch.com
There hasnt been much movement either up or down in the number of homes for sale in the Dothan MLS over the past several weeks. Single family houses for sale peeked around 1,030 in early November, but have since settled back down to around the 1,000 mark. Considering that an increase in inventory during the fall is very common, it looks as though the top may have been reached. We will know after the first of the year, when another surge upward could occur.
Absorption rate
A big fall in the number of homes sold in November (more in the sales report coming next week) lead to a rise in absorption rate. Refreshing everyones memory, absorption rate is the number of month of inventory currently on the market at the current sales pace. In other words, how long it would take to clear all the homes for sale on the market if no more were listed.
The absorption rate for December is up to 12.67 months, the highest since at least 2000 or 2001.
Here are inventory and absorption rate numbers for several areas around the Wiregrass.
| Sold | Active | Absorption | |
| Area | November | 12/19/2008 | Rate (months) |
| Dothan (northwest) - Midland City | 8 | 168 | 21 |
| Dothan - Southwest | 12 | 297 | 24.75 |
| Dothan - Northeast | 3 | 38 | 12.67 |
| Dothan - Southeast | 5 | 110 | 22 |
| Headland | 2 | 52 | 26 |
| Rehobeth - Taylor | 0 | 5 | - |
| Wicksburg - Pinckard - Newton | 3 | 29 | 9.67 |
| Slocomb - Hartford - Geneva County | 1 | 35 | 35 |
| Abbeville - Newville | 2 | 27 | 13.5 |
| Ashford - Cottonwood - Gordon | 2 | 44 | 22 |
| Columbia - Webb - Kinsey | 3 | 28 | 9.33 |
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New features coming to Dothan Home Search
December 17th, 2008 - Categories: Dothan area Real Estate Market information, Real Estate Technology
By: Charles Woodall
http://www.dothanhomesearch.com
This is an exciting time of year for everyone, with the holidays upon us. We are excited for other reasons as well, because we have several new features coming to your one-stop source of Dothan real estate information, dothanhomesearch.com. Look for the following coming in early 2009, as well as some more subtle changes that will make your search for homes for sale and real estate information for Dothan, Alabama a more pleasurable experience.
- Video tours - We will have video highlights of many of our listings right here!
- Improved home search - You will be able to search by map or by a simple text search
- New listing notification - Get new listings as soon as they hit the Dothan MLS through a simple RSS feed
- Neighborhood search - We will have links to search for homes in a specific neighborhood, making your search much simpler.
Stay tuned, there is more to come! And as always, if you have a suggestion for how we can improve DothanHomeSearch.com, leave a comment below or drop us an email.
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Monday Market Snapshot - December 15, 2008
December 15th, 2008 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
http://www.dothanhomesearch.com
| Homes on market | 1000 | DOWN |
| Median List price | $165,900 | UNCHANGED |
| Avg $ per sq ft | $95.69 | UP |
| Avg days on market | 164 | UP |
| Least expensive listing | $12,000 | UNCHANGED |
| Most expensive listing | $2,500,000 | UNCHANGED |
| Pending sales | 117 | UP |
| Sales last 7 days | 5 | DOWN |
Highlights
- The number of pending sales is up over 10% from last week
- The number of homes sold and closed this past week was down significantly from last week
- Days on the market went up by half a week
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