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Statistics |
| Unique Visitors: 0 |
| Total Unique Visitors: 116 |
| Visitors Out: 2144 |
| Total Visitors Out: 2144 |
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| Dothan real estate market - July Sales report |
| 2008-07-15 07:16:28 |
While the number of homes sold and closed in June was down compared to May and also to June of 2007 (114 to 122 and 133 respectively), the number of homes in pending status was up significantly when compared to the same time frames.
The 87 homes listed in pending status in the Dothan MLS is [...]...
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| Dothan Real Estate Market Report - July New Construction |
| 2008-07-09 08:01:51 |
There is nothing else to say about the new home market here in Dothan other than it is flat. New home starts continue to be low and the number of new construction homes on the market is at an all-time high. There were 21 new residential construction permits issued in June, down from 23 in [...]...
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| Monday Market Snapshot |
| 2008-07-07 08:51:49 |
Starting today and on Monday morning henceforth, we are going to post some statistics that hopefully will give you a good overview of the state of the Dothan real estate market. You will continue to see monthly updates on homes sold, homes on the market, new construction, and foreclosures as before. Starting next Monday, we’ll [...]...
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| It’s Back, Bigger and Better |
| 2008-06-26 11:52:17 |
The Kiwanis Club of Dothan is again sponsoring the Family 4th Celebration on Friday, July 4th. Gates open at 10 am, and the day cumulates with a fireworks show followed by a concert featuring the group “Fairlane”. Over all, twenty groups will be in concert that day on three different stages. Other activities include a [...]...
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| Dothan Real Estate Market - June Inventory Report |
| 2008-06-25 05:49:18 |
Inventory is still inching upward. We are up to 975 homes on the market as of the first of June (the number is down a bit today). There has never been a time in the Dothan area where buyers have had more to choose from than they do right now.
Inventory
The number of homes for sale [...]...
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| Monday Mortgage Update |
| 2008-06-23 14:59:25 |
This week’s financial forecast is uncertain. The FOMC, the Federal Open Market Committee also known as “The FED”, meets this week for 2 days beginning tomorrow and concluding with their economic recommendations to be released at 2:15 ET on Wednesday. The markets are expecting the FED to stop its rate decreases [...]...
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| Dothan Home Search is pleased to welcome Steve Russell |
| 2008-06-23 13:16:17 |
I am pleased to welcome Steve Russell, Mortgage Banker with Primary Residential Mortgage, to Dothan Home Search as our resident mortgage expert. Steve writes on his own blog, themortgageman.wordpress.com, and we are excited to have him here sharing his mortgage market insights with home buyers and sellers in the Dothan area....
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| June Dothan Planning Commission Meeting |
| 2008-06-19 13:51:00 |
There were only a few new items in front of the Dothan Planning Commission at this month’s meeting. Development plans for a new Quality Inn near Southeast Alabama Medical Center and the re-approval of plans for Highland Hills Apartments, to be located at the intersection of Flowers Chapel Road and Brannon Stand Road. The plans [...]...
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| Dothan Home Search goes to the Carnival! |
| 2008-06-18 09:44:12 |
The latest edition of the Consumer Focused Carnival of Real Estate is up at searchlightcrusade.net, and I am pleased as punch that our post relating five ways to generate a low ball offer was chosen for the Host’s Choice Award!
For those of you that do not know, a blog carnival brings together links to posts [...]...
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| Dothan real estate market - June Sales report |
| 2008-06-16 00:36:36 |
May was a strong month for home sales around the Dothan area. The number of homes sold was up around 20% over April, and with 122 homes sold, May of 2008 almost equaled the 124 sold in May, 2007.
The number of pending home sales has been fairly stable since the first of the year, and [...]...
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| Five ways to generate a low ball offer |
| 2008-06-11 11:37:38 |
There is plenty of advice out there on things you need to do to get top dollar for your home. I’m here today to speak to those sellers that are not really interested in getting the most they can get (for whatever reason), so here are some tips you can follow to help insure that [...]...
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| Absorption rates by MLS area |
| 2008-06-06 10:21:41 |
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 [...]...
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| Homes for around $320,000 |
| 2008-06-03 08:32:15 |
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 [...]...
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| Hurricane season is here |
| 2008-06-02 09:58:36 |
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 [...]...
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| Cloverdale, Deer Valley, Grove Park, Pine Lake are hottest neighborhoods |
| 2008-05-30 13:56:16 |
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 [...]...
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| May Dothan Planning Commission Meeting |
| 2008-05-27 11:23:14 |
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 08:22:46 |
Cottonwood School">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 [...]...
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| Alabama real estate buyers, the law is NOT on your side |
| 2008-05-23 09:15:48 |
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 Estate">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 [...]...
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| Dothan Real Estate Market - May Inventory Report |
| 2008-05-22 14:30:05 |
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 [...]...
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| Dothan Real Estate Market Report - May New Construction |
| 2008-05-19 08:23:25 |
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 [...]...
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| Alabama foreclosure rates continue to fall |
| 2008-05-15 11:10:36 |
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 [...]...
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| Dothan Real Estate Market Update - May 2008 Sales report |
| 2008-05-13 14:45:21 |
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 [...]...
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| Homes for around $240,000 |
| 2008-05-05 11:37:53 |
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 [...]...
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| Only a couple of photos? Don’t waste my time |
| 2008-05-02 09:05:04 |
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 [...]...
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| Preliminary Country Crossing Concept Design |
| 2008-05-01 13:01:30 |
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 [...]...
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| If your home for sale is not showing on these websites, you’re missing out |
| 2008-04-30 10:50:40 |
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 [...]...
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| Homes for around $185,000 |
| 2008-04-29 08:52:49 |
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 [...]...
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| The Great Dothan Land Grab of 2008 |
| 2008-04-28 10:31:37 |
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 [...]...
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| Down payment gift programs are here to stay |
| 2008-04-25 18:25:44 |
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 [...]...
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| How far will home prices fall? |
| 2008-04-24 19:18:06 |
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, Prices">home prices could fall a lot further.
Median price rose in the Dothan area about 30% between [...]...
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| Homes for around $135,000 |
| 2008-04-23 21:33:38 |
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 [...]...
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| Wrapping up Open House month with a full weekend! |
| 2008-04-22 17:03:43 |
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 [...]...
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| Dothan Real Estate Market Trends - 1st Quarter 2008 |
| 2008-04-22 09:21:40 |
At the end of each quarter, we look at some Dothan Estate">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 [...]...
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| What will $90,000 get you? |
| 2008-04-21 10:49:20 |
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 [...]...
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| April Dothan Planning Commission Meeting |
| 2008-04-18 15:00:32 |
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 [...]...
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| REALTORS and Lawyers - Peas in a Pod? |
| 2008-04-18 08:59:51 |
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 [...]...
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| Number of Alabama foreclosures down |
| 2008-04-16 15:55:07 |
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 [...]...
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| Dothan real estate market - April Sales report |
| 2008-04-15 14:17:43 |
Both homes sold and pending sales were up in March, a good sign that the Dothan Estate">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 [...]...
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