Posts Tagged ‘purchase’

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Orange Beach Condos are selling! 

Compared to the same period last year, the number of condo units sold are up 46% and the dollar volume of condos sold is up 45%.  Buyers are finally finding that prices have adjusted down to reasonable levels and have started pulling the trigger on purchases that were being contemplated.  In other words the buyers that have been watching the price declines are beginning to sense value and are getting off of the fence and stepping up to bat.

 Search for Orange Beach Condos

Market Comparison Report by Price
Dates: 01/01/2009 to 4/30/2009
  01/01/2008 to 4/30/2008
Property Types: Condo, Multi-Family
Areas: Orange Beach

 

 

 

  Jan 1 – Apr 30, 2008 Jan 1 – Apr 30, 2009 Difference Percentage
Price Range Units Dollars Units Dollars Units Dollars Units  
0 – 29999 0 0.00 0 0.00 0 0.00    
30000 – 39999 0 0.00 0 0.00 0 0.00    
40000 – 49999 0 0.00 0 0.00 0 0.00    
50000 – 59999 0 0.00 0 0.00 0 0.00    
60000 – 69999 0 0.00 0 0.00 0 0.00    
70000 – 79999 0 0.00 2 145,000.00 2 145,000.00    
80000 – 89999 0 0.00 0 0.00 0 0.00    
90000 – 99999 0 0.00 0 0.00 0 0.00    
100000 – 119999 1 115,000.00 1 117,500.00 0 2,500.00 0.00 2.17
120000 – 139999 3 411,000.00 3 387,000.00 0 -24,000.00 0.00 -5.84
140000 – 159999 1 152,500.00 7 1,066,900.00 6 914,400.00 600.00 599.
160000 – 179999 2 347,500.00 3 500,500.00 1 153,000.00 50.00 44.03
180000 – 199999 3 570,000.00 4 757,900.00 1 187,900.00 33.33 32.96
200000 – 249999 6 1,408,000.00 7 1,560,000.00 1 152,000.00 16.67 10.80
250000 – 299999 8 2,192,400.00 7 1,867,500.00 -1 -324,900.00 -12.50 -14.82
300000 – 399999 14 4,796,800.00 31 10,541,703.00 17 5,744,903.00 121.43 119.77
400000 – 499999 21 9,240,500.00 18 8,017,275.00 -3 -1,223,225.00 -14.29 -13.24
500000 – 749999 15 8,766,000.00 23 14,375,501.00 8 5,609,501.00 53.33 63.99
750000 – 999999 2 1,755,000.00 5 3,950,000.00 3 2,195,000.00 150.00 125.07
1000000 – 1249999 0 0.00 0 0.00 0 0.00    
1250000 – 1499999 0 0.00 0 0.00 0 0.00    
1500000 – 1999999 0 0.00 0 0.00 0 0.00    
2000000 – 2999999  0 0.00 0 0.00 0 0.00    
3000000 – 99999999 000 0.00 0 0.00 0 0.00    
Totals: 76 29,754,700.00 111 43,286,779.00 35 13,532,079.00 46.05 45.48

 

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13
Apr

Mortgage Rates April 13, 2009

   Posted by: Cal    in Gulf Coast Mortgages, Real Estate

It looks like the financial markets had a good day.  Breaking through the 25 day moving average, the benchmark Fannie Mae bond is back in positive territory since falling last week.  This is good for rates, and has been reflected in today’s pricing

 

If you would like to get pre-approved for a purchase or refinance, please call 850-221-8334 anytime.


Rates as of 11:40 AM 4/13/2009


30 Yr Fixed Mtg 4.625%
15 Yr Fixed Mtg 4.375%
30 Yr FHA 4.750%
30 Yr VA 4.750%
Reverse Mortgage Call For Rates

Steve Russell
Mortgage Banker
Primary Residential Mortgage
850-221-8334 Cell
850-497-6325 Office

Steve@steverussellonline.com

www.SteveRussellOnline.com

* All rates assume the purchase of a single family primary residence with at least 20% down payment, 740 credit scores, and verifiable income and assets. Rates vary based on borrower profile and property type. Rates are subject to change without notice. All rates also assume a 1% origination fee. Loans with no origination fee and no points may be available at a higher rate.

 

 

 

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