Praytor Realty

 

CONGRATULATIONS TO OUR TOP AGENTS

Thomas Praytor - Sales Agent

Linda Chamlee - Listing Agent


HOME



Real Estate
Classes










 




Jamie Praytor
Tribute Page

Jamie Praytor
Humanitarian Award






 

 

August 2014 Housing Report

Market Stays Firm During Traditionally Slow August

  • 466 homes were sold in August versus 500 homes in July. Down 6%. August 2013 sales were 493 homes, Slightly Higher. Total Sales 2014-3,515 compared to 3,790 in 2013, down 7%!
  • Average home prices in August bounced back up to $165,579 compared to $162,219 in July – Up 2%.  Average sales price for 2013 was $154,484 compared to 2012-$150,255 and 2011-$140,344.
  • The time it takes to sell was up 6 days from 91 days in July to 97 in August. Up 5% Average time on market in 2013 as 103 compared to 108 days in 2012.
  • Pending home sales were down to 455 homes in August compared to 523 in July.  
  • Supply of available inventory remained even at 8.13 months compared to 7.97 months in July.  Average supply for 2013 was 8.88 months, 2012 was 10.13 months. Total houses on market remained at an extremely low level of only 3,789.

August is normally a very slow housing month between the heat and the effort it takes to get the kids back in school there is normally very little time or energy for moving. With this in mind the market remained amazingly stable as compared to July and 2013. The number of homes sold was off slightly compared to both but not unusual when seasonally adjusted. Prices ticked back up in August to an average of $165,579 compared to $162,219 in July. Prices could remain the big story in 2014 with the average home price running 4-6% higher so far this year. I realize compared to the GO-GO years that’s not much but for the last 5 years we’ll take it. Another interesting statistic is the average days on market (DOM). DOM dropped below 100 days the last couple of months for the first time since, let’s just say a long dang time. July was 91 days and August was 97with historically low inventories, less than 3,800 houses on the market, it wouldn’t take much to ignite the lingering embers of the housing market into a fire. Not an all out California wild fire but I nice warm, glowing fire that makes you feel good. As we head into the final quarter of 2014 our crystal ball does not see a forest fire but a continued smolder.

Where is the action? We get asked all the time, what area is hot? In Mobile County Zone 18, West Mobile has the most sales at 45 homes last month with an average price of $153,044. In Baldwin County (minus the Beach) it’s Zone 42 Spanish Fort, Daphne, Fairhope with an average ticket of $263,584. The highest average price homes in Mobile last month were not in Springhill but in the Zone that covers the west side of the Bay, Zone 20 with an average price of $293,336.

Congratulations to the “Moose”, Thomas Praytor on back to back months as our leading agent. An amazing accomplishment considering he has been running a full schedule in the ARCA Series crisscrossing the country every weekend.

Tommy Praytor
Praytor Realty

 



Vince Emmons Wins Jamie C. Praytor Humanitarian Award

The Mobile Area Association of Realtors has named Vince Emmons the recipient of the Jamie C. Praytor Humanitarian Award for 2012. Emmons earned the award for his work with special needs students at Augusta Evans School. For years the kids at Augusta Evans have recycled Mardi Gras beads as a fund raiser. Emmons started by making one child’s dream com true by securing him a ride in a Mardi Gras parade after working all year to recycling beads. That effort has now grown to 3 floats and 85 special needs kids being able to ride in last years parade. “Vince is a classic example of one person deciding to make a difference and making it happen, a perfect recipient for this year’s award. Fifty years ago, my Grandmother, Susan Catlin, was an early advocate for special needs children and both she and my Mom would be thrilled about this year’s choice,” offered Tommy Praytor. The Mobile Area Association of Realtors will donate $500 to Mobile’s Challenged Revelers in Emmons honor. Old time race fans may remember Emmons from his racing days in the early days of Mobile International Speedway.  

Picture: Thomas Praytor, Emmons and Hayley Praytor

  

2011 Jamie Praytor Humanitarian Award Winner
Larinda Gann Musgrove


Larinda Gann Musgrgove earned the 2011 Jamie Praytor Humanitarian Award for her tireless volunteer effort in our community. Larinda serves on the McKemie Place advisory council and has orchestrated many events and improvements to the building, as well as being actively involved with the YMCA College of Mentors program. Recently Larinda co-chaired the TLAR Love fund, raising funds to help a family purchase a memorial marker for a local realtor. A past president of the Women’s Council of Realtors, a regular contributor to the Children’s Miracle Network. We at Praytor Realty are honored to see Larinda receive the 2011 Jamie Praytor Humanitarian Award.
 

 

 

 
 
 
 
 
 

 

 

Send mail to praytorrealty@aol.com with questions or comments about this web site.
Copyright 2006 Praytor Realty, Co. Inc.
Last modified: September 30, 2014