Praytor Realty

 

CONGRATULATIONS TO OUR TOP AGENTS

Linda Chamlee - Sales Agent

Nancy Partridge - Listing Agent


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Jamie Praytor
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January 2014 Housing Report

Slow Start to New Year

  • 313 homes were sold in in January versus 386 homes in December. Down 19%. January 2013 sales were 344 homes, Down 10%. Total Sale 2014-313 compared to 344 in 2013, down 10%!
  • Average home prices in January dropped to $135,158 compared to $164,272 in December – Down 18%.  Average sales price for 2013 was $154,484 compared to 2012-$150,255 and 2011-$140,344.
  • The time it takes to sell rose significantly to 117 days in January compared to 106 days in December. Average time on market in 2013 was 103 compared to 108 days in 2012.
  • Pending home sales rose sharply to 423 homes in January compared to 353 in December.  
  • Supply of available inventory rose to 11.38 months in January compared to 9.58 months in December.  Average supply for 2013 was 8.88 months, 2012 was 10.13 months. Total houses on market dropped even lower than December which was the lowest number since December 2006 to 3,565.

As suspected home sales did not start the New Year with bang! Concerns over the economy and the implementation of the Affordable Health Care Act or Obomacare seemed to drag on not just the real estate market but all financial markets. The financial markets have already recovered most of their losses and pending home sales in January were up 20% pointing to a better February. To say the numbers for January were bad would be an understatement. Sales down 19% from December and more disturbingly down from January 2013. This is one of the few times since the market started to recover that sales actually feel compared to the previous year. Seasonal prices normally take a down turn in January, however another year to year slip in February could confirm a disturbing trend. Days on market rose sharply and it would appear that the market is clearing old inventory because there aren’t enough houses on the market. December inventory set a new low since December 2006 of available homes. January set a new low mark with only 3,565 homes on the market. Supply can become a real problem for a healthy market. If there are not any goods on the shelf customers will not come and shop! 

Congratulations to Thomas Praytor better known as the Moose on taking home the top sales agent for January before heading to Daytona International Speedway.

Tommy Praytor
Praytor Realty
 

 

 

 

Vince Emmons Wins 2012 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: November 18, 2013