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Absorption rates by MLS area
2008-06-06 17:21:00
We have discussed absorption rates in previous posts, but always from the view of the overall Dothan area real estate market. Today we’re going to look at some different areas of the overall market, specifically the different areas defined by the Dothan MLS. First, a brief explanation of the MLS areas is in order. The layout ...
More About: Area , Rates , Absorption

Homes for around $320,000
2008-06-03 15:32:00
I just realized this morning that I didn?t finish this series that I started a few weeks back. So far, we have looked at homes priced around $90,000 , around $135,000 ,around $185,000, and $240,000. Today we are moving on up to around $320,000 I am sure you have noticed that I try to include homes ...
More About: Homes

Hurricane season is here
2008-06-02 16:58:00
One of the reasons many relocating Floridians are drawn to our area is the close proximity to the coast. Dothan is located around a hundred miles for Panama City Beach. While we are close enough to be able to enjoy the sand and surf with a short drive, we are far enough inland that we usually ...
More About: Season , Hurricane

Cloverdale, Deer Valley, Grove Park, Pine Lake are hottest neighborhoods
2008-05-30 20:56:00
Sales have been steady over the last few months, and some areas are selling exceptionally well right now. Here is a brief overview of the hottest subdivisions in the Dothan real estate market right now. Click on the neighborhood name for a map of homes for sale in that area. Cloverdale Cloverdale is really more of a neighborhood ...
More About: Deer , Neighborhoods , Park , Valley , Lake

May Dothan Planning Commission Meeting
2008-05-27 18:23:00
Here is a summary of action taken at the May 21st meeting of the Dothan Planning Commission . Development plans were approved for a new Walgreens, to be built on the southeast corner of Montgomery Hwy and Westgate Parkway. 20+ acres adjacent to the Westgate Industrial Park was recommended to be rezoned to M-2 District, which would open ...
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Local High School Named One of Best in Country
2008-05-26 15:22:00
Cottonwood High School was recently added to U.S. News and World Reports list of the nation?s best high schools. Out of more than 18,000 high schools, U.S. News picks the top 100 for Gold Medals, the next 405 were picked for Silver Medals, and another thousand or so were picked for the Bronze Medal. Cottonwood ...
More About: Country , High School , Local

Weekend Links
2008-05-24 16:02:00
Sure it’s a long holiday weekend, but take a few minutes to check out the information on the other end of these links. Problems with collections for Houston County garbage pickup may lead to the fee being added to your property taxes - The Dothan Eagle Other than a completely new slate in the Alabama State Senate, ...
More About: Links , Weekend

Alabama real estate buyers, the law is NOT on your side
2008-05-23 16:15:00
Alabama is one of the few remaining Caveat Emptor (?Buyer Beware?) states, and recent court decisions have put more emphasis on this fact. If you are buying real estate in Alabama, state courts have said that what you sign for at the closing table is what you get. In one case in Baldwin County (more information ...
More About: Estate , Real Estate , Alabama , Real , Side

Dothan Real Estate Market - May Inventory Report
2008-05-22 21:30:00
Yes, I realize this report is about a week or so late. Fortunately, there are a good number of people buying and selling houses right now in Dothan, so we are swamped. So, apologies for being late and here is this month?s inventory report. Inventory Inventory was up just over 5% in April to 968 single family ...
More About: Estate , Real Estate , Real Estate Market , Market , Report

Dothan Real Estate Market Report - May New Construction
2008-05-19 15:23:00
The number of residential new construction permits issued in April was up significantly from previous months. The total of 37 permits issued is the most in one month since March of last year. Here is the trend over the last twelve months. Inventory of new construction homes on the market continues to edge down slightly, with ...
More About: Estate , Real Estate , Real Estate Market , Market , Construction

Alabama foreclosure rates continue to fall
2008-05-15 18:10:00
From the Birmingham Business Journal Alabama foreclosures dropped again last month by nearly 29 percent, while the number of foreclosed properties in the United States hit an all-time high. RealtyTrac, a company that tracks foreclosures nationwide, reported that a total of 642 properties were in some form of foreclosure in Alabama in April, or a rate of ...
More About: Foreclosure , Rates , Fall

Dothan Real Estate Market Update - May 2008 Sales report
2008-05-13 21:45:00
Inventory and absorption rates will be updated next week. Remember that we are comparing year-to-year numbers to take into account the seasonality of home sales. So far this year, home sales are down just over 18% compared to the same period in 2007, but under 5% compared to 2006. Here are the sales and pending sales ...
More About: Estate , Real Estate , Real Estate Market , Market , Sales

Homes for around $240,000
2008-05-05 18:37:00
Continuing our look at different price ranges around Dothan. Here are the links that will show you homes for sale in each price range around $90,000 around $135,000 around $185,000 Today we?re up to $240,000. Check out this spanish style home on one acre close to downtown Headland listed for $239,000. There?s a new construction home zoned for Rehobeth schools available ...
More About: Homes

Only a couple of photos? Don?t waste my time
2008-05-02 16:05:00
That’s what buyers are saying according to a study conducted by Point2 (story by RISMedia). Another study relating to the number of photos a listing posts compares photos to the number of Days on Market (DOM). The findings show that listings with more photos sold faster. This is the shake down on the photos to Days ...
More About: Photos , Time , Couple , Waste

Preliminary Country Crossing Concept Design
2008-05-01 20:01:00
I had this sent to me by someone that works with the City of Dothan, but I feel certain it is available on the Internet somewhere. This is the preliminary concept rendering for the Country Crossing development. Click on the graphic for a full view. The target date for opening when the project was announced was ...
More About: Design , Concept Design , Concept

If your home for sale is not showing on these websites, you?re missing out
2008-04-30 17:50:00
The 2007 Profile of Home Buyers and Sellers from the National Association of REALTORS reveals that 84% of home buyers use the Internet as an information source. What are they looking for? 95% were looking for properties for sale. So it stands to reason that sellers whose home is listed on the right websites will ...
More About: For Sale , Websites , Sale , Missing

Homes for around $185,000
2008-04-29 15:52:00
Continuing our look at different price ranges around Dothan. So far we have looked at a few homes priced around $90,000 and some priced at around $135,000. We?re up to $185,000, and there are some nice ones. We?ve got a nice home outside of Headland sitting on almost two acres. It?s only a couple of years old ...
More About: Homes

The Great Dothan Land Grab of 2008
2008-04-28 17:31:00
Ok, that headline is a little misleading. However, some land owners near the proposed Country Crossing development have raised their asking price substantially, anticipating a rush to buy land for off-shoot development that would almost certainly accompany a project of this size. Since the exact location of the development was announced last month, local land owners ...
More About: Great , Land , Grab , 2008

Down payment gift programs are here to stay
2008-04-26 01:25:00
From an email I received a couple of days ago- Judge Lawrence K. Karlton of the United States District Court for the Eastern District of California upheld Nehemiah?s motion for summary judgment and invalidated the U.S. Department of Housing and Urban Development (HUD) rule to ban private down payment assistance as proposed ...
More About: Programs , Gift , Payment , Stay

How far will home prices fall?
2008-04-25 02:18:00
I posted earlier this week that the median home price in the Dothan area has fallen almost 9% (stats from the Dothan MLS) since the peak in the third quarter of 2006. According to Yale University economist Robert Shiller, home prices could fall a lot further. Median price rose in the Dothan area about 30% between ...
More About: Home , Fall , Prices

Homes for around $135,000
2008-04-24 04:33:00
Continuing our look at different price ranges around Dothan. On Monday, we looked at a few homes priced around $90,000. Here is a link to homes for sale in the Dothan MLS priced at around $135,000. We have a foreclosed 3BR/2BA home zone for Rehobeth schools listed for $134,900. It needs a little work, but would make ...
More About: Homes

Wrapping up Open House month with a full weekend!
2008-04-23 00:03:00
You have likely seen the ads on TV touting April as CENTURY 21 National Open House month. We at CENTURY 21 Key Realty are participating by having a huge open house weekend this Saturday, April 26th and Sunday, April 27th. CLICK HERE for details on the homes that will be open this Sunday. You can also ...
More About: Weekend , Full , Open House

Dothan Real Estate Market Trends - 1st Quarter 2008
2008-04-22 16:21:00
At the end of each quarter, we look at some Dothan real estate market statistics that don?t fit well into one of our monthly reports. That is not to diminish their importance however. Median Price Median price can vary significantly from month-to-month, so we compare quarters to help smooth out the bumps. Median price is used instead ...
More About: Estate , Real Estate , Real Estate Market , Market , Trends

What will $90,000 get you?
2008-04-21 17:49:00
I have been meaning to do this for some time now. Those of you who are not in the market right now, or those that might be considering a move to the Dothan area, likely will have an interest in a good overview of what your money will buy you in the Dothan real estate ...

Weekend Links
2008-04-19 15:10:00
Here’s some light reading to get your through the weekend. Read each article carefully as there will be a test on Monday. Corp of Engineers proposed new water sharing plan for southeast - New York Times Alabama House looks to lower speed limits across the state - Birmingham News via AL.com The taxpayers of Alabama will have to deal with possible Birmingham bankruptcy -  Mobile Press Register via AL.com Tuscaloosa City Council moves to ban front yard parking - Tuscaloosa News Alabama moves to fifth among auto making states - Birmingham News via AL.com State tax on groceries going away? -  Birmingham News via AL.com Ready…Discuss. Share or Bookmark to:
More About: Links , Weekend

April Dothan Planning Commission Meeting
2008-04-18 22:00:00
The agenda for this month’s Dothan Planning Commission was relatively short, with only a couple of items causing much discussion. The development of the next phase of Hidden Lake Subdivision was far and away the hottest topic of the day. This development was originally brought to the Planning Commission in October, 2006, and was approved. Plans presented at that time included much green space, walking trails, and several small parks on the 167 acre site. The development never started because this was around the time the new construction market in Dothan softened. Fast forward 18 months, and although the new home market is still soft, it is relatively steady. Because of the need to maximize their investment, the developers came back with new plans that eliminated 12 acres of open space and parks while adding 31 lots, bumping up the total number to 353. Residents living in the current Hidden Lakes feel they were mislead back in 2006. The new plans met all the requirements for ap...
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REALTORS and Lawyers - Peas in a Pod?
2008-04-18 15:59:00
The Notorious ROB has an excellent post making some comparisons between lawyers and REALTORS. If you have ever had a bad experience with a real estate “professional”, take a few minutes to read his post. You may walk away with a better understanding of why there can be such a huge discrepancy when it comes to the quality of real estate agents. One quote particularly interests me: Neither the legal industry nor the real estate industry will change towards a regulated system of limiting the number of people who can claim to be an attorney or a realtor. There’s too much money being made by ambulance chasers on the one hand and the sleazy, know-nothing agents on the other. But in that environment, an opportunity does exist for the elite firms to separate themselves. (emphasis mine) I hope that no one reading this has had a bad experience with a REALTOR here at CENTURY 21 Key Realty. If you have, I would like to apologize. I would also like you to know that we strive everyd...
More About: Realtors , Lawyers , Peas

Number of Alabama foreclosures down
2008-04-16 22:55:00
From the Birmingham Business Journal According to RealtyTrac, the number of foreclosures dropped 8% in March compared to February, and are down over 19% compared to March of 2007. That is compared to nationally, where foreclosures are up 57% from last year. Alabama ranks 43rd among the states for foreclosure rates. Supports what we’ve been saying about foreclosures here in Dothan. Foreclosures are just not a big problem in our area right now. Share or Bookmark to:
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Dothan real estate market - April Sales report
2008-04-15 21:17:00
Both homes sold and pending sales were up in March, a good sign that the Dothan real estate market is still healthy. New pending sales were up almost 25% over March, 2007 and last month. There were over 100 homes sold in February and March which is the first time that has happened in two consecutive months since last summer. Pending home sales are at their highest level in several months. In fact, there are more pending sales right now than at any time since April , 2007. This a good measure of activity to come in the next 30 to 60 days. The number of homes sold is closely following totals from last year, which is another good sign that the Dothan housing market is in good shape. As you can see just to your right, mortgage rates are below 6% and the Dothan area economy is in good shape. I’ll have a more detailed trends analysis in the coming days, so watch for that, and a report on inventory will be posted next week. If you are reading this and wondering if it is a good time to b...
More About: Estate , Real Estate , Real Estate Market , Market

Ripped from the headlines - ?Dothan Home Values on the rise?
2008-04-14 15:18:00
“Local population, home values on rise” was the headline of a story in a recent edition of the Dothan Eagle. According to the story, Dothan area home prices have risen over nine percent in the past year; a stat from the Office of Federal Housing Enterprise Oversight. It isn’t until near the end of the ...
More About: Home , Values , Headlines , Rise , Ripped