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Linda Chamlee - Sales Agent

Linda Chamlee - Listing Agent


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September 2014 Housing Report

September Sacked-Sales Lower, Prices Lower

  • 398 homes were sold in September versus 466 homes in August. Down 21%. September 2013 sales were 442 homes, 10% lower. Total Sales 2014-3,515 compared to 3,790 in 2013, down 7%!
  • Average home prices in September dropped to $153,864 compared to $165,579 in August – Down  7%.  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 16 days from 97 days in August to 113 in September. Up 15% Average time on market in 2013 as 103 compared to 108 days in 2012.
  • Pending home sales were up 476 homes in September compared to 455 homes in August.  
  • Supply of available inventory rose to 9.45 months compared to 8.13 months in August.  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 3,763.

After a brighter than normal August, housing was sacked for a loss in September. Sales were down 21% compared to August and are 10% lower than a year ago. Not only did the number of homes selling fall, prices took a tumble to their lowest level since April. The average price in September was $153,864 and for the first time since prices made a leg higher in May the average price was lower than the average price in 2013. Add the time it took to sell a home in September rising sharply from 97 days to 113 days and September housing is starting to look as bad as Texas A & M in Tuscaloosa. The only good number in September, Pending Home Sales were up 5%. More pending sales in September should point to higher numbers in October. The next big mover for housing should be the mid-term elections. The mood of the country is so negative a change of any kind should be positive. If we don’t get some changes in November expect the market to hack around without direction for the remainder of the year.           

 Price of Gas? Over the course of the last 6 years we have chronicled in great detail the relationship of the price of fuel to the housing market. The average working family’s disposable income is greatly affected by the price of gas. As we all know, the price of gas has tumbled in the last few weeks and appears to be headed even further South over the near future. Strange, considering the current state of affairs in the Mid-East. Normally the unrest would cause a 50 cent spike in fuel prices not a decline. We’ll see in the upcoming months if fuel prices help prop up housing.

 Congratulations to Linda Chamlee on being our leading agent in September. Thirty years and still getting done every month.

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.
 

 

 

 
 
 
 
 
 
 

 

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Last modified: October 30, 2014