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As of today, 3rd February 2010, the refinance rates are, as follows: (1) 30 yr Fixed Rate, Today, 5.19%, Last Week, 4.94%; (2) 15 yr Fixed Rate, Today, 4.4%, Last Week, 5.06%; (3) 5/1 ARM, Today, 4.53%, Last Week, 4.12%.

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, Cheney Appraisal Services, Certified FHA Approved Real Estate Appraiser, Baldwin County, Mobile County, Alabama, (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 Al at Albert@CheneyAppraisalServices.com/.

The Daphne, Alabama Lake Forest development is the largest residential community in BlogWebPhoto-LakeForest-10162009 [08]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) activeBlogWebPhoto-LakeForest-10162009 [01] 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 foBlogWebPhoto-LakeForest-10162009 [06]ur 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/.

BlogWebPhoto-LakeForest-10162009 [03]
Albert Cheney, Cheney Appraisal Services, covers the Mobile Bay Metro Area, Baldwin County and Mobile County of Alabama. Albert Cheney is an active Certified Residential Real Property Appraiser and FHA Approved Appraiser with 35+ years experience in the real estate industry.

Call Albert Cheney at (251) 533-2424 or Albert@CheneyAppraisalServices.com if you require more information about Alabama real estate and ordering a “Certified” real estate appraisal report.

The TimberCreek residential development is a great golf community located alongBLOGphoto-TimberCreek-Sign-01252010 [01] the south side of U. S. Highway 31, the west side of Alabama State Highway 181, on the north side of U. S. Interstate Highway 10 and just minutes east of the delta areas and Mobile Bay.

TimberCreek is conveniently located near major regional shopping centers, such as, the Malbis Regional Shopping Center, and Historic Downtown Mobile, Alabama is only about 20 minutes west by traveling along the I-10 BayWay. Gulf Shores, Orange Beach and Alabama’s white sandy beaches and blue-green waters of the Gulf of Mexico are about a 30-35 minute drive south by either Alabama State Highway 181 or U. S. Highway 59.

Currently, TimberCreek has at least twenty-six (26) active MLS (multiple listing service) REALTOR listings, about 18 homes with 2,500 to 4,200 square feet, and having asking prices between $300,000 and $500,000.BLOGphoto-TimberCreek-GolfCourse-01252010 [02]

There have been around twenty-five (25) home sales in the past twelve months according to the Baldwin County Association of REALTORS. The vast majority of these TimberCreek homes ranged from $275,000 and $550,000. The lowest sale price was $214,900 for a three bedroom, two bathroom home with 1,674 square feet. The highest sale price was $849,000 for a four bedroom, four full bathroom, two half bath home with 6,240 square feet.

The Sales Per Month Absorption Rate is currently three (3) homes per monBLOGphoto-TimberCreek-Homes-01252010 [05]th in TimberCreek. With 26 active listings, the current housing supply is 8.67 months (26 active listings divided by 3 home sales per month).

TimberCreek‘s Median Comparable Sale Price is now $365,000 compared to $472,000 four to six months ago. The days on market (dom) appears to mostly range from 134 days to 146 days over the past 12 months.

TimberCreek‘s Median Sale Price as percentage of list price has slipped over the past twelve (12) months, and now seems to be somewhat recovering: 96.76%, 7-12 months ago; 89.95%, 4-6 months ago; past 3 months, 92.68%.

 

 

BLOGphoto-TimberCreek-Homes-01252010 [08]

Albert Cheney, Cheney Appraisal Services, covers  the Mobile Bay  Metro Area, Baldwin County and Mobile County of Alabama. Albert Cheney is an active Certified Residential Real Property Appraiser and FHA Approved Appraiser with 35+ years experience in the real estate industry. Call Albert Cheney at (251) 533-2424 or Albert@CheneyAppraisalServices.com if you require more information about Alabama real estate and ordering a “Certified” real estate appraisal report.

WEB-BlogPhoto-KingsMillSubd-2009 [12]The Kings Mill subdivision is located along the western side of WEB-BlogPhoto-KingsMillSubd-2009 [05]Knollwood Road, south of Cottage Hill Road, the western part of Mobile, Alabama.

The Kings Mill development has 39 homes, built between 1998 and 2004, with most having 1,850+- square feet to 2WEB-BlogPhoto-KingsMillSubd-2009 [03],700+- square feet of living area. The majority of homes have 3 bedrooms and 2 or 2 1/2 bathrooms. There are about nine homes having 4 bedrooms. The home values will mostly range between $275,000 and $300,000.

Albert Cheney, Cheney Appraisal Services, covers the Mobile Bay Metro Area, Baldwin County and Mobile County of Alabama. Albert Cheney is an active Certified Residential Real Property Appraiser and FHA Approved Appraiser with 35+ years experience in the real estate industry. Call Albert Cheney at (251) 533-2424 or Albert@CheneyAppraisalServices.com if you require more information about Alabama real estate and ordering a “Certified” real estate appraisal report.

Cheney Appraisal Services, Albert Marshall Cheney, (251) 533-2424, assists Accountants (CPAs), the Appraisal Management Companies (AMCs), Attorneys, Clients, Lenders and Property Owners in finding active and approved Certified FHA Appraisers in the State of Arkansas.

LITTLE ROCK, ARKANSAS
www.RobertWBennettAppraiser.com
Robert W. Bennett, ARCR0334
Robert W. Bennett Appraiser
12719 Cantrell Road, Suite 200
Little Rock, Arkansas 72223

If you are looking for a “Certified” Residential Appraiser for Estate or Trust Appraisals, Fair Market Value Estimate, Insurable Value estimate, Taxable Value estimate, or just curious about the Present Value of your Home or Investment, then, contact Mr. Robert W. Bennett with 36 years experience.  Robert is a leading provider of real estate valuations for the greater Little Rock area and surrounding counties, and many other parts of the state of Arkansas.

Click the above weblink to call Robert, ask your questions and order your appraisal assignment today!

Cheney Appraisal Services, Albert Marshall Cheney, (251) 533-2424, assists the Appraisal Management Companies (AMCs), Attorneys, Certified Public Accountants (CPAs), Clients, Lenders and Property Owners in finding active and approved Certified FHA Appraisers in HUNTSVILLE, its surrounding areas, and other principal cities in the State of Alabama.

Cheney Appraisal Services provides categories of Alabama cities and towns which list only approved Certified FHA Real Estate Appraisers with website links for contact. Periodically, these categories and lists of Certified FHA Approved Appraisers will be updated by Albert Marshall Cheney.

HUNTSVILLE, ALABAMA

http://www.esbrooks.com/
EVERETT S BROOKS JR ALG00442
(Certified General)
09-30-2010
3000 15TH AVENUE
HUNTSVILLE, AL 35805

http://www.englandappraisals.com/
SAMUEL B ENGLAND ALR00094
(Certified Residential)
09-30-2010
ENGLAND APPRAISALS
3313 S MEMORIAL PKWY, #127
HUNTSVILLE, AL 35801

http://simmonsappraising.com/
ALAN W SIMMONS ALR00718
(Certified Residential)
09-30-2010
SIMMONS APPRAISING
P.O. BOX 12492
HUNTSVILLE, AL 35803

Cheney Appraisal Services, Albert Marshall Cheney, has made an effort to provide current information with only active and approved Certified FHA Appraisers with company websites. Each Certified FHA Appraiser should also be in good standing with the Federal Housing Administration (FHA) and their licensing state.

If anyone using this appraisal list has a legitimate reason why a Certified FHA Appraiser should not be listed within this appraisal listing, then forward your information to Cheney Appraisal Services, Albert@CheneyAppraisalServices.com, for review and removal consideration. Thank you.

The 2009 fourth quarter, 1st October 2009 to 31st December 2009, indicates at least 838 sales within Mobile County, Alabama according to online REALTOR information records. The total sales can be broken down into four property type categories: (1) condominiums & townhouses, (2) manufactured homes, (3) new construction homes, and (4) single family older homes. Also, the last quarter of total sales compared to the third quarter of total sales indicate a drop of 146 sales, or -14.8%.

The approximate 31 condominiums & townhouses had an average list price of $107,838, 69 average days on market (dom) and a sale price to list price percentage of 91.03%.

The approximate 13 manufactured homes had an average list price of $41,923, 61 average days on market (dom) and a sale price to list price percentage of 86.24%.

The approximate 131 new construction homes had an average list price of $179,631, 70 average days on market (dom) and a sale price to list price percentage of 99.39%.

The approximate 659 single family older homes (18.44% drop when compared to the third quarter) had an average list price of $142,956, 86 average days on market (dom) and a sale price to list price percentage of 95.8%.

The average days on market (dom) for the fourth quarter was around 82 days and the average per square foot was $78.

The fourth quarter indicates more new construction in west Mobile, south of the Mobile Regional Airport, Semmes, southwest Mobile County, Theodore, and the Tillman’s Corner area when compared to other areas of Mobile County. Most of the single family residential or home sales occurred in the areas north and south of Cottage Hill Road, Municipal Park area & city west central, west Mobile, Semmes, Midtown area near downtown historic Mobile, and areas east of Wilmer, Alabama.

The average sold terms for the fourth quarter was CASH (21%), CONVENTIONAL (27.3%), FHA (42.4%), VA (6.4%) and OTHER-ASSUMPTION, AUCTION, VENDOR LIENS (2.9%).

The above information has been provided by Albert Marshall Cheney, Cheney Appraisal Services, located in the Mobile Bay Metro Area, Baldwin County and Mobile County of Alabama. Albert Cheney is an active Certified Residential Real Property Appraiser and FHA Approved Appraiser with 35+ years experience in the real estate industry. Contact Albert Cheney at (251) 533-2424 or Albert@CheneyAppraisalServices.com if you require more information about Alabama real estate and ordering a “Certified” real estate appraisal report.

“Charleston Ridge” subdivision is one of the newest Saraland subdivisions located along the eastern side of Celeste Road and about 3.2 miles north of U. S. Interstate Highway 65. This subdivision is located 15+ minutes from downtown historic Mobile, Alabama.

The square foot minimum is 2,800 and a double garage is required per restrictions.

“Charleston Ridge” has 47 lots and, to date, around 28% of the lots have been sold. The average asking price per square foot is $101.78 based on only four active listings shown within the Mobile Area Association of REALTORS’ multiple listing service (MLS). The asking prices are between $289,000 and $310,000 with homes ranging from 2,834 to 3,027 square feet. These homes have 3 or 4 bedrooms and 2 1/2 or 3 bathrooms according to the available online records.

For more information, go to http://www.kevinloper.com/areas/index.cfm?City=SARALAND&State=AL&StateFull=ALABAMA.

For Certified and FHA Approved Appraisers, go to http://www.mobilealabamafharealestateappraisers.com/ or http://www.CertifiedAppraiserNames.com/.

This information has been provided by Al Cheney, FHA/HUD Appraiser located within the Mobile Bay Metro Area of Alabama, Baldwin and Mobile Counties. Al Cheney has over 30 years real estate experience! Al Cheney can be reached by clicking on the above web link or call (251) 533-2424.

Fairfield Pointe, a 2006-2007 new subdivision, is located only minutes from downtown Fairhope, Alabama on the Eastern Shore of Mobile Bay and about 25+ minutes from historic downtown Mobile. This new residential community offers upscale homes within a village atmosphere. Fairfield Pointe has a reported total of 37 lots consisting of 20 townhome styles ranging from 2,682 to 2,967 square feet, 12 zero lot line homes ranging from 2,745 to 2,934 square feet and 5 single family homes having around 3,000+ square feet each.

These Creole style homes, designed by architect A. Hays Town, (will) feature homes with the highest quality building materials and energy efficient mechanical components. The architectural features of these homes, as described by the architect and developers, will be rich in the Deep South and the Garden District of New Orleans heritage. The homes have balconies, tall columns, classic windows adorned by plantation shutters and large porches to enjoy scenic community views.

The Fairfield Pointe homes have distinctive designs with asking prices ranging from $382,900 to $419,900 according to the online REALTORS’ multiple listing service (MLS) records. To personally view these homes, take U. S. Highway 98 South, then left of Alabama Highway 44 (Twin Beech Road), travel about a ½ mile, left on Boothe Road and then take a immediate right into the Fairfield Pointe subdivision.

For further information on Fairfield Pointe, contact Jeff Devalk with Coldwell Banker Reehl Properties, 251-990-6622 (Office), 251-583-6125 (Mobile), or Jeff@JeffDevalk.com (Email).

For a FHA Approved Appraiser and an active Certified Residential Real Property Appraiser, contact Albert Marshall Cheney with Cheney Appraisal Services, 251-533-2424 (Business/Mobile), Albert@CheneyAppraisalServices.com (Email), or go to the following web site links, http://www.CertifiedAppraiserNames.com/ and http://www.MobileAlabamaFHARealEstateAppraisers.com/ for much more information.

“The Woodlands At Malbis” is located along the east side of Alabama State Highway 181, a few miles south of U. S. Interstate Highway 10 and also south of U. S. Highway 90. The Malbis Regional Shopping Center is located on the northern side of U. S. Highway 10 and only minutes from this subdivision.

“The Woodlands of Malbis” has 35 lots and eight common area parcels according to online records. This subdivision is described as “a fantastic tree-lined upscale neighborhood with lakes and estate-sized lots.”

The Baldwin County Association of REALTORS’ online records indicate 4 active listings ranging from $494,900 to $1,900,000 with 3,258 to 5,740 square feet and 9 past sold properties selling between $550,000 and $840,000 with 4,296 to 4,939 square feet .

For further information, contact Barbara S. Reeves at 251-510-0629, 251-621-2588 or toll free direct by calling 888-489-8001.

For more information about Certified Residential Real Property Appraisers and Approved FHA Appraisers, contact Albert Marshall Cheney with Cheney Appraisal Services at 251-533-2424. Albert Cheney covers Daphne, Fairhope, Loxley, Malbis, Montrose, Point Clear, Robertsdale, Spanish Fort and many other communities and towns within Baldwin County, Alabama. Al Cheney suggests clicking onto these web site links, http://www.CertifiedAppraiserNames.com/ & http://www.MobileAlabamaFHARealEstateAppraisers.com/ for much more information!

Mobile Alabama FHA Appraisers
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