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Jamie Praytor
Humanitarian Award

Happy New Year!!! From Praytor Realty

NOVEMBER 2011 HOUSING NUMBERS REVISED

HUGE REVISION UPWARD!!!!

• 286 homes sold in November WERE REVISED UPWARD TO 363 versus 369 October – Nearly flat compared to the 25% drop previously reported!
• Average home prices for November WERE REVISED TO AN AVERAGE PRICE OF $129,766 versus $128,416 previously reported compared to $131,516 in October – down just 1 % versus 2%. Average sales price for 2010 was $150,845.00.
• NO CHANGE The time it takes to sell a home fell to 101 days in November versus 109 in October. Average time for 2010 was 100 days. Up 1%
• NO CHANGE Pending home sales fell to 353 in November compared to 439 homes in November. Down 20%!
• Supply of available inventory WAS REVISED TO 12.28 months versus 15.25 months reported in November versus 12.34 months in October. Average supply for 2010 was 14.28 months. Total houses on market fell again to 4,363.

REVISION-The statistical function used by Solid Earth (MLS provider to Mobile Association of Realtors) had a computer glitch and simply quit counting sold homes in late November. The numbers previously reported were missing the last 77 homes sold during November.  “Needless to say the revision in homes sold up to 363 is a game changer and a big enough event to warrant a revised November Housing Report. Our original November Report said we were shocked by the lack of sales in November, now we know why. Very rarely has our unofficial polling of Realtors, Title Companies, Mortgage originators and Builders let us down. Once again these folks were right on the money. November 2011 out performed November 2010 and the prevailing sentiment from our unofficial polling is still positive. We will be reporting December sales next week and while we expect some seasonal fall off, the early indication is for sales to be solid to round out the end of the year. I appreciate the Associations staff and Solid Earth working so quickly to rectify the problem with the statistics. I believe we have the proper safeguards in place so it will not happen again.” Tommy Praytor, President Praytor Realty

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.
 

Praytor Realty Has Lost An Icon- Sullins Arendall

On Friday September 30^th Sullins Arendall lost her Herculean battle with cancer. “The world has lost a bright light. We were all rooting for Sullins, she not only overcame but endured her battle with cancer with such grace and courage that I always felt no matter how grave the prognosis was she would beat it,” said Tommy Praytor. “With 33 years at Praytor Realty, Sullins leads every sales category at the company, she was in a league all her own. Not only was she a great sales person but she was a friend and a mentor. During Mom’s illness and after her passing Sullins was a rock we all leaned on. Comfortably retired she dusted off her list of contacts and went back to work to help keep Praytor Realty moving in the right direction. She was simply the best. Our hearts go out to Tommy, Sullins, John and all of her family.”

The Flag at Praytor Realty has been lowered to half-mast and will remain there this week to honor Sullins.

We published the following to celebrate Sullins 30^th Anniversary with Praytor Realty in 2009.

As Praytor Realty closes in on our 35th anniversary in August, Sullins Arendall will also reach a personal milestone. Sullins will celebrate her 30th year at Praytor Realty. In 30 years a lot has changed but Sullins warmth and caring for the people she works with has not. Over the years Sullins has sold more homes than any other sales person at Praytor Realty. To this day she can take you by each one, tell you when they bought, how much they paid and more importantly why they bought it. For Sullins, the last 30 years in the real estate business has not been about houses it’s been about the people who live in them. On behalf of all the people you’ve helped with their homes and those of us who have been fortunate enough to work with you and call you our friend, congratulations on 30 fabulous years, Tommy Praytor

For Sullins it was always about the people.

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Last modified: January 09, 2012