Over the past 12 months (13 June 2009 to 13 June 2010), there has been a reduction of 63% in sales (88 sales in the past 12 months), resulting in an over 20 months absorption rate (115+ active listings at this posting).

The active listings and housing sales primarily range from $29,900+ to $999,000+, including manufactured homes, colonial, contemporary, cottage, ranch, and other accepted local styles.

The median sale price percentage is 92.616% to 94.299% when comparing to asking list prices. Properties will move quicker if asking prices are competitive. So, unless competitively priced, be patient, a rising absorption rate will result in longer times when selling your home within Lillian, Alabama.

Contact Cheney Appraisal Services for additional information by telephoning (251) 533-2424 or email your comments and questions to Albert@CheneyAppraisalServices.com.

BALDWIN COUNTY, ALABAMA
Al Cheney with Cheney Appraisal Services, (251) 533-2424, can handle all of your Baldwin County, Alabama real estate property appraiser needs. Cheney Appraisal Services supplies only the highest quality Baldwin County, Alabama real estate appraisals. The Baldwin County appraisal district is an area where we can satisfy all of your home appraisal needs. Our real estate property appraiser is “certified residential” and “fully licensed” in Alabama. Al Cheney is a real estate appraiser fully qualified to handle your home appraisal, appraisal when settling an estate, tax appraisal and any other appraisal need, such as, vacant land and legal reasons. Al Cheney is also a ”FHA Approved” Appraiser.

Certified & FHA Home Appraisals start at $295 per report!

Albert Marshall Cheney, Cheney Appraisal Services, P. O. Box 7907, Spanish Fort, Alabama 36577-7907, accepts residential real estate appraisal assignments within The Mobile Bay Metro Area and the Baldwin County communities and towns listed above. Click on the available hyper-links for more information on these Baldwin County, Alabama communities and towns. Also, here are most of the appraisal report services with fees provided by Al Cheney with Cheney Appraisal Services:

• Condominium Appraisal Report $295 & $325
  
• Single Family Residential Appraisal Report, detailed information $295 & $325
  
• Limited 2055 “Interior” Appraisal Report $275 & $300
  
• Limited 2055 “Exterior” Appraisal Report $225 & $250
  
• Complex Or Waterfront Residential Appraisal Report $400-$500+
  
• “Certified” FHA Single Family (Home) Residential Appraisals for Baldwin County, Alabama and Mobile County, Alabama $295 & $325
  
• Desk Review Report $100
  
• Relocation (RELO) Appraisal Report $450
  
• Acreage Or Lot (Land) Appraisal Report $200 & $250
  
• Recertification of “Value Opinion” $75
  
• Field Review “Exterior” Appraisal Reports $200 & $250
  
• Construction Draw Or Final Inspections $75 & $100
  
• Duplex, Triplex Or Other Assignments More Distant Quote
  

The above list covers many appraisal report services provided by Cheney Appraisal Services within Baldwin County and The Mobile Bay Metro Area of southwest Alabama.

If you do not see your appraisal report requirement listed above, contact Albert Cheney, (251) 533-2424 or email,Albert@CheneyAppraisalServices.com, with your home or residential appraisal orders and or questions. The business facsimile is (251) 252-7737.

According to an article in Mortgage News Daily, “A rising trend of mortgage applications indicates an increase in home buying interest, a positive for the housing industry and economy as a whole. More home purchases can lead to more construction jobs and increased purchases of items to build a home. Furthermore, in a low mortgage rate environment, an increasing trend implies consumers are seeking out lower monthly payments which can result in increased disposable income and therefore more money to spend on discretionary items or to pay down other debt.”

The article further states, “Don’t wait for mortgage rates to decline! I stand by my statement that 4.75% could very well be the lowest mortgage rates offered in 2010…unless there is a fundamental shift in economic outlook. If you have been waiting to refinance or to buy, get out there and start the process before you miss the boat of sub 5% rates.”

Click this web-link, http://www.mortgagenewsdaily.com/consumer_rates/132989.aspx, to read the entire article by Victor Burek.

The Mobile Bay Metro Area, Baldwin County and Mobile County of Alabama, has ongoing (and potential future) economic projects which may have an advantage over other U. S. regions. Our real estate market should draw more positive attention in the near future.

Contact Al Cheney, Certified FHA Approved Real Estate Appraiser, (251) 533-2424, when requiring a residential appraisal report for refinancing, settling an estate with real property, or various other litigation reasons in Alabama. Email your orders and questions to Albert@CheneyAppraisalServices.com/.

development is the largest residential community in the State of Alabama. Lake Forest has around 3,400 property owners with approximately $38 dues per lot. This PUD development has a clubhouse, golf courses, horseback riding stables, swimming pools, tennis courts and a yacht club on Mobile Bay. Lake Forest is located on the south side of U. S. Interstate Highway 10, east side of U. S. Highway 98, and located near major regional shopping centers.

Lake Forest is conveniently located near Historic Downtown Mobile, Alabama by traveling about 15 minutes west across the I-10 Bay-Way. Gulf Shores, Orange Beach and Alabama’s white sandy beaches and blue-green waters of the Gulf of Mexico are located only about a 35-minute drive south southeast.

Currently, Lake Forest has at least thirty-eight (38) active MLS (Multiple Listing Service) REALTOR listings. Most of the listed homes have 1,300 to 3,000+ square feet (varies from unit to unit) and the asking prices will primarily range from $125,000 to $255,000.

There have been around forty-eight (48) MLS home sales in the past twelve months according to the Baldwin County Association of REALTORS. The vast majority of these Lake Forest home sales ranged from $75,000 and $210,000.

The Sales Per Month Absorption Rate is currently 4.33 homes per month in Lake Forest. With 38 active listings, the current housing supply is 8.78 months (38 active listings divided by 4.33 home sales per month).

Lake Forest ’s Median Comparable Sale Price is now $108,000 compared to $120,000 four to six months ago. The days on market (dom) appears to mostly range from 96 days to 147 days over the past 12 months.

Lake Forest ’s Median Sale Price as percentage of list price has slipped slightly over the past twelve (12) months: 96.445%, 7-12 months ago; 96.077%, 4-6 months ago; past 3 months, 94.943%.

For more information about Lake Forest, go to this weblink, http://www.lakeforestpoa.com/.

Albert Cheney, Broker of Realty Leaders Corporation, offers 3.33% listing agreements to homeowners in Baldwin County and Mobile County of Alabama. Albert Cheney has 35+- years experience in the real estate industry.

Call Albert Cheney at (251) 533-2424 or email RealtyLeaders@RealtyLeaders.biz, if you require more information about Alabama real estate and talking more about listing your home.

The business philosophy for Realty Leaders is always wanting to make the listing experience and selling process easier for property owners. Realty Leaders has a goal in selling your real estate property within the least amount of time and offering low, reasonable commission fees. (Real estate commission fees are always negotiable, may vary from company to company, and will depend on complexity, agreed listing arrangements and or location.) 

Realty Leaders‘ website will evolve into a reflection of our belief in customer service and providing an exceptional real estate listing experience over the coming months and years to come.

Each week, you will also see new articles, comments, opinions, and other informative web links and topics designed to assist our clients and visitors. 

Realty Leaders and broker, Albert Marshall Cheney, would like to thank you for visiting the website. Please choose to keep this website as a favorite. Also, if you have any suggestions for real estate topics to be covered on this website, send an email to RealtyLeaders@RealtyLeaders.biz and Al Cheney can be contacted at 1-251-533-2424.

Realty Leaders Corporation, Post Office Box 8888, Mobile, Alabama 36689-0888