Praytor Realty

 

CONGRATULATIONS TO OUR TOP AGENTS

Elaine Campbell - Sales Agent

Elaine Campbell - Listing Agent


HOME



Real Estate
Classes










 




Jamie Praytor
Tribute Page

Jamie Praytor
Humanitarian Award






 

   

December Year End Housing Report

A Look Into the Crystal Ball for 2015

  • 408 homes were sold in December versus 388 in November. Up 5%. December 2013 sales were 390 homes, 3% higher. Total Sales 2014-5,231 compared to 5,411 in 2013, down 3%!
  • Average home prices in December rose slightly to $155,513 compared to $154,911 in November – FLAT.  Average sales price for 2014 was $158,541 compared to 2013-$154,484, 2012-$150,255 and 2011-$140,344.
  • The time it takes to sell was flat, 103 in December compared to 102 in November. Average time on market in 2014 was 108 compared to 103 days in 2013 and 108 days in 2012.
  • Pending home sales were up to 418 homes in December versus 394 in November. UP 4%.   
  • Supply of available inventory fell to 8.85 months in December compared to 9.78 months in November.  Average supply for 2014 was 8.72, 2013 was 8.88 months, 2012 was 10.13 months. Total houses on market remained at an extremely low level of only 3,614.

December closed out 2014 slightly higher and marked a significant reversal from the beginning of the year to the end. Home sales started the year down 10%, closed out slightly higher and ended up being down just 3% as compared to 2013.

Housing: The market appears to be on the move but as we mentioned a year ago this market will be moving not like a tsunami but with small ripples that we hope will build to nice chop and maybe even a good wave over the next year or so. There are real positives for housing moving in to 2015 with supply seeming to be the only near term issue, we simply do not have enough houses for sale.

Interest Rates: Today’s rate is just a tick above modern era lows at 3.5%. Looking into the crystal ball it appears that rates will rise slightly but not drastically in 2015. The move higher will not be enough to keep folks from buying. Rates follow the economy and while the raw numbers point to better the guy on the street hasn’t really felt it yet.

Oil/Gas: We’ve said for years that the price of gas at the pump was holding back the average working family from getting in the housing market or for that matter buying anything other than gas and groceries. Best guess form the oil pit is, prices will stay down until Summer then start to move higher. Until then lower fuel should add a little fire to get folks ability to get back into the housing market.

Stock Market: I don’t think any economic forecasting is complete without talking about the stock market. No way am I getting into higher or lower on the market. It appears there is so much buying pressure it would remain where it is or move higher until the week that it doesn’t. If investors let the air out of the market a big drop will crush any predictions for housing.

Congratulations to Elaine Campbell on being our top agent in December.

 

 

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: January 26, 2015