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“A Fragile Economy With High Unemployment And Uncertainty
Will Be More Of A Future Problem Than The BP Oil Spill.”
Al Cheney’s Comments and Opinions for 29 August 2010.
As a local, born and raised in the Mobile Bay Metro Area, I am sincerely happy that the bubbling crude has finally been capped after 90 days-after 90 days! It is worth repeating since this horrific ecological and environmental disaster should have never lasted this long if it wasn’t for the many faux pas by BP Oil and our own government. They say, the majority of the surface oil has dissipated and now can’t be found. Oh, really? The “on the surface” crude problem is only hiding in the depths of the sea-harming crustaceans, oysters and other seafood for years to come.
And, yes! I do realize that biological organisms will thrive on the raw crude and eventually remove it as a major threat but, this will take a very long time. The damage has already been done and its true damage is still hidden in the depths of the sea. Enormous amounts of crude, damaging dispersants, oil soaked wetlands and sea bottoms are here to stay for decades. A possible ecological disaster lurks beneath the sea and within the wetlands for years to come.
Furthermore, the inappropriate government overreach in shutting down oil rigs (overdramatic and very political), media sensationalism damaging our Gulf Coast tourism, and an already weaken real estate industry has created more negative affects upon Alabama and the other States along the Gulf Coast. Honestly, at this time, the affects of any significant real estate recovery and tourism is unknown.
The fact is that, a fragile economy and a weakened real estate industry have been further exacerbated by the crude ecological and environmental disaster, and the crude politics of Washington. And, our tourism for this year has been damaged by irresponsible journalism media. Even so, the coastline of the Gulf States and its real estate will overcome this adversity and will eventually be less affected by the BP oil spill and the many missteps of Washington. The media needs to practice more responsible journalism and avoid the traps of sensationalism. Sensationalism is not journalism!
Well, our coastal properties along the beaches as well as other properties with gulf views and close to water tributaries will eventually improve over time. For now, the recent past spreading of crude through the Gulf of Mexico has resulted in a deeper real estate market slowdown affecting property values near and along the Gulf Coast. Whether legitimate, or not, many homes located well off water tributaries have also been affected to some degree. It is a real estate market slowdown caused by a fragile economy and the worse oil spill known in North America.
From my standpoint, the negative value affects for homes located off the beaches and the Gulf of Mexico should be negligible as time leads us into the future. Then, when looking back in time, I believe, this catastrophe will reflect “a blip on the radar screen” when focusing only on the 90-day oil spill disaster. Then, there could be the possibility of a more normal level and slight positive return of property values; if a more normal level can be equated with a fragile economy under severe stress.
The fragile economy with high unemployment (9.5% but does not include the people who have given up) and uncertainty will be much more of a future problem for Gulf Coast property values than the BP oil spill. As time leads us into the end of 2010 and into the beginning of 2011, an even more fragile economy and real estate industry might be the result when continuing to implement recessive programs and tactics by the government while banks, entrepreneurs and small businesses mostly sit on the sidelines, “digging in their heels” or “going out of business” sales. Only deregulation and lowering taxes, the cessation of large government spending, small business incentives (get the oil riggers, shrimpers and other parts of the Gulf Coast seafood industry back to work) as well as “just plain honest positive talk” from the current Administration and our government representatives (most of them forget that they work for us) will improve the real estate industry-part of the backbone of America!
Tags: 29 August, Biological Organisms, Bp, Bp Oil Spill, Cheney, Coastline, Dispersants, Ecological Disaster, Fragile Economy, Gulf Coast, Irresponsible Journalism, Media Sensationalism, Metro Area, Mobile Bay, Oil Rigs, Oysters, Sea Bottoms, Surface Oil, Uncertainty, Wetlands
The coastal properties in Alabama, Florida, Louisiana, Mississippi and Texas will be affected by this catastrophic oil spill for years to come. As of today, now 47 days and still counting, BP Oil has been ineffective in successfully stopping the flow of oil. Therefore, our Gulf Coast is faced with environmental devastation, loss of marine life and wildlife, further property devaluation (not that inept governmental and political faux pas were enough to damage), illusion of an economic recovery, businesses closing, and loss of livelihoods for longtime residents.
As a person who has lived in the Mobile Bay Metro Area (Baldwin County and Mobile County of Alabama) the majority of my life, this massive oil spill in the Gulf of Mexico conjures up so many emotions and thoughts inside me and, many unkind words (please forgive) towards all who have dragged this on for much too long. Also, the lack of expedience and nondisclosures which could be labeled lies has certainly not helped to comfort Gulf Coast residents. It is quite evident that many Gulf Coast residents do not believe BP Oil and the government have properly handled this oil spill catastrophe.
Anyway, this oil spill catastrophe will apparently be with us for many months and years to come. Our Gulf Coast area will never be the same and will definitely affect the United States as a whole and potentially have International negative implications. Also, unfortunately, coastal properties more than likely will be faced with further decline in value; not that government intrusions and regulations as well as poor and restrictive lending practices have already been enough to damage our property values and the real estate industry as a whole.
So, how will the coastal real estate marketability be affected within the Gulf Coast states? Whether true or not, the stigma of an oil spill catastrophe will, in my opinion, have a potential affect on the marketability of properties along the Gulf Coast. How much of an affect is still an unknown? The future selling of coastal properties should begin to hold the answers to these questions. So, “time will tell.”
Is your property rich in oil? If so, it’s certainly not the way you want to discover oil on your property. Contact a professional you trust and get sound advice when the stigma of oil has knocked on your door. There are many good Certified Real Estate Appraisers and Attorneys in the Gulf Coast states. It is always important to understand the affects of this oil spill upon our coastal properties.
Information and opinions have been provided by Cheney Appraisal Services, Albert Marshall Cheney, a Certified Residential Real Property Appraiser for the state of Alabama, (251) 533-2424. Albert Cheney has over 35 years of real estate experience in the southern part of Alabama.
Tags: a catastrophic oil spill, Alabama coastal properties, Appraisers for oil spill property damage, Baldwin County, Bayou La Batre Alabama, Bayous, Bays, Biloxi Mississippi, Blue Heron, Bon Secour Alabama, Bp Oil, Brown Pelican, Coastal Properties, coastal properties damaged, Coastal Real Estate, Coden Alabama, Daphne Alabama, Dauphin Island Alabama, Deep Sea Fishing, Destin Florida, Devaluation, Environmental Attorneys, Environmental Devastation, Estuaries, Fairhope Alabama, Florida coastal properties, Fort Gaines, Fort Morgan, Fort Walton Beach Florida, Government Intrusions, Grand Bay Alabama, Grand Isle Louisiana, Gulf Coast Area, Gulf Coast Residents, Gulf Coast States, Gulf Of Mexico, Gulf Shores Alabama, Gulfport Mississippi, Houma Louisiana, Inlets, Intercoastal Canal, Lake Pontchartrain, Lake Pontchartrain Causeway, Lawyers for property damage, Longtime Residents, loss of marine life, loss of wildlife, Louisiana coastal properties, Louisiana Mississippi, Magnolia Springs Alabama, Marketability, Massive Oil Spill, Metro Area, Mississippi coastal properties, Mississippi Sound, Mobile Bay, Mobile County, Morgan City Louisiana, Mullet Point Alabama, Negative Implications, New Orleans Louisiana, Ocean Springs Mississippi, Oil Spill Attorneys, Orange Beach Alabama, Oyster Bay, Pascagoula Mississippi, Pensacola Beach, Pensacola Florida, Perdido Beach, Perdido River, Point Clear Alabama, political faux pas, preserving water quality, Rivers, Sea Turtles, Swamps, Tampa Bay, Tampa Florida, Texas coastal properties, Unkind Words, Venice Louisiana, vital waterway of New Orleans, Waveland Mississippi, Weeks Bay
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 Wim
bledon 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 sa
les, 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.
Tags: 251 533-2424, active listings, Alabama neighborhoods, Ann Taylor Loft, APPRAISER, Azalea City, Azalea City golf course, Bledon, Cheney Appraisal Services, City Golf Course, Country Club of Mobile, Dilston Lane, Fha Appraiser, FHA Approved Condos, Five Guys, Good Neighbors, Hole Course, Hole Golf Course, Homes For Sale, Jos. A. Bank, Langan Municipal Park, Lunch Spring, Majestic Oaks, McGregor Avenue, Mobile Alabama Real Estate, Mobile Bay, Mobile County, Mobile County AL (251) 533-2424, Mobile Museum, Mobile Museum of Arts, Mobile Tennis Center, Mobilians, Museum Of Arts, Neighborhood Name, neighborhoods, Old Shell Road, Pool Tennis, Real Estate, Real Estate Appraisers, Retail Area, Shell Road, Spanish Land, Spring Hill College, Spring Hill golf course, Spring Hill real estate, The Cedars, Tropical Heat, Tuthill Lane, Wimbledon Drive, Yellow Fever Epidemic
Over the past several years in Saraland, Alabama, Celeste Road has been a popular area for home builders due to the availability of beautiful wooded land with interesting terrain and vegetation.
Charleston Ridge is one of these newer residential subdivisions located along the northeastern side of Celeste Road, about 3.2 miles northwest from U. S. Interstate Highway 65.
Charleston Ridge was developed with 38 residential building lots about 2 years ago. At the time of this writing, Gooden Homes, Inc. has built five Craftsman style homes. Residential lot values will generally run, in the opinion of Certified Appraiser, Albert Cheney, between $55,000 and $65,000 depending on its location within the development. There are about 60% of the lots available to purchase and build your dream home.![BLOG-CharlestonRidgeHomeSaraland02262010 [03]](http://www.mobilealabamafharealestateappraisers.com/wp-content/uploads/2010/03/blog-charlestonridgehomesaraland0226201003.jpg)
The most recent sale prices within Charleston Ridge range from $279,900 to $290,400 with most of the gross living areas around 2,800 square feet (minimum requirements) to 3,027 square feet. There is a two car attached garage requirement for the subdivision and an architectural review of all plans & specs. before building your new home.
Call Albert Cheney, Certified FHA Approved Residential Appraiser, Cheney Appraisal Services, (251) 533-2424, for more information about real estate appraising in Baldwin County and Mobile County of Alabama. Click these web-links for even more information about Albert Cheney and the Mobile Bay Metro Area: http://www.CheneyAppraisalServices.com/ or http://www.RealtyLeaders.biz/. Albert is ready to answer your questions!
Tags: 3.33% listing fees, Alabama Real Estate, Albert Marshall Cheney, Appraisal Report, Appraisal Services, APPRAISER, Appraisers, Baldwin County, Builders, Building Lots, Carolina Circle West, Carolina Court West, Celeste Road, Certified Appraisers, Charleston Ridge, Cheney, Cheney Appraisal Services, Craftsman Homes, Craftsman Style Homes, Fha, Fha Appraiser, FHA Approved Appraisers, FHA Approved Homes, FHA FEES, Fha Guidelines, Fha Hud, Fha Insurance, FHA loan limits, Fha Loan Requirements, FHA REPAIRS, FHA REVIEW, FHA RULES, GOODEN HOMES, Highway 65, Historic Mobile, Home Appraisers, Home Builders, Home Builders Association, Home Call, Home Developments, I-65, Interstate Highway, Metro Area, Mobile Alabama, Mobile Bay, Mobile County, Mobile County Alabama, Multiple Listing Service, New Homes, Northeastern Side, Property Appraiser, Real Estate Appraisal, Real Estate Appraiser, Real Estate Appraisers, Realty Leaders Corporation, Residential Appraiser, Residential Appraisers, Residential Building, Residential Development, Residential Subdivisions, Saraland, Saraland 36571, Saraland Alabama, Settling An Estate, Wooded Land
The Sanibel Condominiums are located at 1524 West Beach Boulevard, Gulf Shores, Alabama 36542.
The directions are U. S. Highway 59 from Foley, Alabama, traveling south by car, entering Gulf Shores, Alabama, and ending at West Beach Boulevard. Then, take a right onto West Beach Boulevard (Highway 182) and travel west about 2+- miles. The Sanibel Condominiums complex is located on the right (near Little Lagoon).
The Sanibel Condominiums project, 17 stories, was built in 2007 according to available multiple listing service (mls) records. There are 108 units which have access to the general grounds, open & underneath parking spaces, exercise room, private balcony patios, barbeque grills, outdoor swimming pool, elevators, access to the white sandy Alabama beaches & the Gulf of Mexico, recreation areas, etc. are most of the primary common elements.
As of this writing, there are fifteen (15) active listings (2 bedrooms, 2 1/2 baths; 3 bedrooms, 3 baths; 4 bedrooms, 2 1/2 baths; 4 bedrooms, 3 1/2 baths) found within the Sanibel Condominiums. Most of these fifteen active condo listings have asking prices from $265,000 to $479,900 depending on interior amenities, gross living area and location within the project. ![Sanibel Condo U-606 Gulf Shores 02162010 [02]](http://www.mobilealabamafharealestateappraisers.com/wp-content/uploads/2010/02/sanibelcondou-606gulfshores0216201002.jpg)
The multiple listing service (mls) indicates around eleven (11) condo sales ranging from $209,000 to $355,000 within the past year. Also, most of the monthly condo fees will range from $443 to $508. Even though the Sanibel Condominiums project is located across the road from the beaches, the majority of condo units have panoramic views of the Gulf of Mexico (southern views) and Little Lagoon (northern views).
Contact Al Cheney at (251) 533-2424 if you require more real estate related information about The Mobile Bay Metro Area, Baldwin County and Mobile County of Alabama.
Try these web-links for additional information: http://www.CertifiedAppraiserNames.com/, http://www.CheneyAppraisalServices.com/, http://www.MobileAlabamaFHARealEstateAppraisers.com/, http://www.RealtyLeaders.biz/.
Tags: Al Cheney, Alabama Appraisal Assignments, Alabama Appraiser, Alabama Appraisers, Alabama Approved Appraisers, Alabama Certified Residential Real Property Appraisers, Alabama Estate Requirements, Alabama FHA Appraisal Reports, Alabama FHA Appraiser, Alabama FHA Appraisers, Albert Marshall Cheney, Appraisal Report Fees, APPRAISER, Appraisers, Baldwin County, Baldwin County Alabama Appraisers, CERTIFIED APPRAISER, Certified Approved Appraisers, Certified FHA Appraisers In The Southeastern U. S., Certified Residential FHA Approved Appraiser, Certified Residential Real Estate Appraisers, Certified Residential Real Property Appraiser, Condo Fees, Condo Foreclosures, Condo Listings, Condo Sales, Condo Units, Condominium rental rates, Condominiums, Condominiums In Gulf Shores Alabama, Fair Market Value Estimates, FHA Appraisal checklist, FHA Appraisal fees, FHA Appraisal guidelines 2010, FHA Appraisal review, FHA Appraisal rules, Fha Appraiser, FHA Appraisers roster, FHA Approved Appraisers, FHA Approved Condos, Foley, Foley 36535, Foley Alabama, Grant Of Letters Testamentary Of Administration, Gulf Of Mexico, Gulf Shores, Gulf Shores 36542, Gulf Shores Alabama, Gulf Shores Chamber of Commerce, GULF SHORES CONDO RENTALS, Hangout, Highway 59, Home Valuations, Last Will And Testament, Little Lagoon, Mexico Recreation, Mexico South, Mobile Bay, Mobile County, Multiple Listing Service, Need Certified FHA Appraiser in Mobile AL, Need Certified FHA Appraiser in Spanish Fort AL, Orange Beach, Orange Beach 36561, Outdoor Swimming Pool, Private Balcony, Real Estate Appraiser, Real Estate Appraisers, Real Estate Listings, Sanibel Condominiums, Sanibel CONDOS, Settling Estates With Real Property, Spanish Fort Alabama Appraisers, Uniform Standards of Professional Appraisal Practice, USPAP, Vacation Rentals, Visitors Information, West Beach, West Beach Boulevard
The Gulf Tower Condominiums are located at 1051 West Beach Boulevard, Gulf Shores, Alabama 36542-6225.
The directions are U. S. Highway 59 from Foley, Alabama, traveling south by car, entering Gulf Shores, Alabama, and ending at West Beach Boulevard. Then, take a right onto West Beach Boulevard (Highway 182) and travel about 1.4+ miles. The Gulf Tower Condominiums complex is located on the left with a white sandy beach & blue-green Gulf waters.
The Gulf Tower Condominiums project was built in 1984 according to available records. There are 49 units which have access to the general grounds, open & underneath parking spaces, exercise room, private balcony patios, barbeque grills, beach walkway, a beachside outdoor swimming pool, elevators, beach access, Gulf of Mexico views, recreation areas, etc. are most of the primary common elements.
![Gulf Tower Condo 14W Gulf Shores 02162010 [03]](http://www.mobilealabamafharealestateappraisers.com/wp-content/uploads/2010/02/gulftowercondo14wgulfshores0216201003.jpg)
As of this writing, there are three active listings found within the Gulf Tower Condominiums. All three condo units have around 1,000+- square feet of living area with two bedrooms and two bathrooms. The asking prices range from $235,000 to $285,000.
Most of the recent condo sales (2 bedrooms, 2 bathrooms) have ranged from $199,000 to $249,000 within the past year.
Contact Al Cheney at (251) 533-2424 if you require more real estate related information about The Mobile Bay Metro Area, Baldwin County and Mobile County of Alabama.
Try these web-links for additional information: http://www.CertifiedAppraiserNames.com/, http://www.CheneyAppraisalServices.com/, http://www.MobileAlabamaFHARealEstateAppraisers.com/, http://www.RealtyLeaders.biz/.
Tags: Al Cheney, Alabama Appraisal Assignments, Alabama Approved Appraisers, Alabama Certified Residential Real Property Appraisers, Alabama Estate Requirements, Alabama FHA Appraisal Reports, Alabama FHA Appraisers, Albert Marshall Cheney, Appraisal Report Fees, APPRAISER, Appraisers, Available Records, Baldwin County, Baldwin County Alabama, Baldwin County Alabama Appraisers, CERTIFIED APPRAISER, Certified Approved Appraisers, Certified FHA Appraisers In The Southeastern U. S., Certified Residential FHA Approved Appraiser, Co Ntact, Condo Sales, Condo Units, Condominiums, Condominiums In Gulf Shores Alabama, Fair Market Value Estimates, FHA Appraisal checklist, FHA Appraisal fees, FHA Appraisal guidelines 2010, FHA Appraisal review, FHA Appraisal rules, Fha Appraiser, FHA Appraisers roster, FHA Approved Appraisers, FHA Approved Condos, Foley, Foley 36535, Foley Alabama, Grant Of Letters Testamentary Of Administration, Gulf Of Mexico, Gulf Shores, Gulf Shores 36542, Gulf Shores Alabama, GULF SHORES CONDO RENTALS, Gulf Tower, GULF TOWER CONDOS, Gulf Waters, Highway 59, Last Will And Testament, Metro Area, Mobile Bay, Mobile County, Orange Beach, Orange Beach 36561, Outdoor Swimming Pool, Private Balcony, Real Estate Appraiser, Real Estate Appraisers, Real Estate Listings, Recreation Areas, Sandy Beaches, Settling Estates With Real Property, Spanish Fort Alabama Appraisers, USPAP, Vacation Rentals, West Beach, West Beach Boulevard, White Sandy Beach
As of today, 3rd February 2010, the refinance rates are, as follows: (1) 30 yr Fixed Rate, Today, 5.19%, Last Week, 4.94%; (2) 15 yr Fixed Rate, Today, 4.4%, Last Week, 5.06%; (3) 5/1 ARM, Today, 4.53%, Last Week, 4.12%.
According to an article in Mortgage News Daily, “A rising trend of mortgage applications indicates an increase in home buying interest, a positive for the housing industry and economy as a whole. More home purchases can lead to more construction jobs and increased purchases of items to build a home. Furthermore, in a low mortgage rate environment, an increasing trend implies consumers are seeking out lower monthly payments which can result in increased disposable income and therefore more money to spend on discretionary items or to pay down other debt.”
The article further states, “Don’t wait for mortgage rates to decline! I stand by my statement that 4.75% could very well be the lowest mortgage rates offered in 2010…unless there is a fundamental shift in economic outlook. If you have been waiting to refinance or to buy, get out there and start the process before you miss the boat of sub 5% rates.”
Click this web-link, http://www.mortgagenewsdaily.com/consumer_rates/132989.aspx, to read the entire article by Victor Burek.
The Mobile Bay Metro Area, Baldwin County and Mobile County of Alabama, has ongoing (and potential future) economic projects which may have an advantage over other U. S. regions. Our real estate market should draw more positive attention in the near future.
Contact Al Cheney, Certified FHA Approved Real Estate Appraiser, (251) 533-2424, when requiring a residential appraisal report for refinancing, settling an estate with real property, or various other litigation reasons in Alabama. Email your orders and questions to Albert@CheneyAppraisalServices.com/.
Tags: Alabama Real Estate, Appraisal Report, Appraisers, Appraising Real Estate, Approved Real Estate Appraiser, Association Of Realtors, Baldwin County, Baldwin County Alabama, Baldwin County Appraisers, Baldwin County Association, Baldwin County Association Of Realtors, Burek, Cheney, Daphne Alabama, Economic Outlook, Economic Projects, Fairhope, Fairhope Alabama, Fundamental Shift, Historic Mobile, Home Appraisers, Home Buying Interest, Home Purchases, Housing Industry, Litigation in Real Estate, Low Mortgage, Lower Monthly Payments, Lowest Mortgage Rates, Metro Area, Mobile AL Appraiser, Mobile AL Real Estate Appraiser, Mobile Alabama, Mobile Bay, Mobile County, Mobile County Appraisers, Mortgage Applications, Mortgage News, Mortgage News Daily, Mortgage Rate, Multiple Listing Service, New Construction, Property Appraiser, Radio Show, Rate Environment, Real Estate Appraiser, Real Estate Appraisers, Real Estate Industry, Real Estate Tax Records, Refinancing, Residential Appraisal, Settling An Estate, Spanish Fort
The TimberCreek residential development is a great golf community located along
the south side of U. S. Highway 31, the west side of Alabama State Highway 181, on the north side of U. S. Interstate Highway 10 and just minutes east of the delta areas and Mobile Bay.
TimberCreek is conveniently located near major regional shopping centers, such as, the Malbis Regional Shopping Center, and Historic Downtown Mobile, Alabama is only about 20 minutes west by traveling along the I-10 BayWay. Gulf Shores, Orange Beach and Alabama’s white sandy beaches and blue-green waters of the Gulf of Mexico are about a 30-35 minute drive south by either Alabama State Highway 181 or U. S. Highway 59.
Currently, TimberCreek has at least twenty-six (26) active MLS (multiple listing service) REALTOR listings, about 18 homes with 2,500 to 4,200 square feet, and having asking prices between $300,000 and $500,000.
There have been around twenty-five (25) home sales in th
e past twelve months according to the Baldwin County Association of REALTORS. The vast majority of these TimberCreek homes ranged from $275,000 and $550,000. The lowest sale price was $214,900 for a three bedroom, two bathroom home with 1674 square feet. The highest sale price was $849,000 for a four bedroom, four full bathroom, two half bath home with 6,240 square feet.
The Sales
Per Month Absorption Rate is currently three (3) homes per month in TimberCreek. With 26 active listings, the current housing supply is 8.67 months (26 active listings divided by 3 home sales per month).
TimberCreek’s Median Comparable Sale Price is now $365,000 compared to $472,000 four to six months ago. The days on market (dom) appears to mostly range from 134 days to 146 days over the past 12 months.
TimberCreek’s Median Sale Price as percentage of list price has slipped over the past twelve (12) months, and now seems to be somewhat recovering: 96.76%, 7-12 months ago; 89.95%, 4-6 months ago; past 3 months, 92.68%.
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.
Photographs taken by Albert Marshall Cheney, 25 January 2010.
Tags: ABC, Absorption Rate, Alabama Highway 181, Alabama Real Estate, Appraisers, Association Of Realtors, Baldwin County Alabama, Baldwin County Association, Baldwin County Association Of Realtors, Bayway, Bedr, CBS, Certified Real Estate Appraiser, Delta Areas, FHA Appraisers, Fox 10 News, Golf Club, Golf Community, Great Golf, Gulf Of Mexico, Gulf Shores Orange Beach, Highway 31, Highway 59, Homes For Sale, Interstate Highway, Malbis, Median Sale Price, Mls Multiple Listing, Mls Multiple Listing Service, Mobile Bay, Mobile Bay Monthly, Mobile Press Register, Multiple Listing Service, NBC, New Construction, Real Estate Appraisers, Real Property, Realtor Listings, Regional Shopping Center, Sandy Beaches, Service Realtor, Spanish Fort, WPMI, WZEW
The Kings Mill subdivision is located along the western side of
Knollwood Road, south of Cottage Hill Road, the western part of Mobile, Alabama.
The Kings Mill development has 39 homes, built between 1998 and 2004, with most having 1,850+- square feet to 2
,700+- square feet of living area. The majority of homes have 3 bedrooms and 2 or 2 1/2 bathrooms. There are about nine homes having 4 bedrooms. The home values will mostly range between $275,000 and $300,000.
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.
Tags: 251 533-2424, 35 Years, Alabama Real Estate, Albert Marshall Cheney, Appraisal Report, Appraisal Services, Appraisers, Architects Mobile AL, Association Of Realtors, Baldwin County, Bathrooms, Certified Appraisers, Certified FHA Approved Appraisers, Cheney, Fha, FHA Approved Appraisers, Fox News, Fox News Channel 10, Home Values, Kings Mill, Kings Mill subdivision, Metro Area, Mobile Alabama, Mobile Alabama Homes For Sale, Mobile Architecture, Mobile Area, Mobile Area Association of REALTORS, Mobile Bay, Mobile County, Property Appraiser, Real Estate Appraisal, Residential Appraising, Square Feet