Realtor.com’s Mobile, AL Real Estate Forecast
Posted on September 27, 2015
Sweet home Alabama never rang more true, at least according to a recent article released by Realtor.com. Large homes, affordable prices – who wouldn’t want to own real estate in Orange Beach, Gulf Shores, Fairhope or any of the neighboring cities in the great state of Alabama?
Well, that’s not the only reason real estate is “looking rosy in Mobile.” Job creation is a huge draw. The Airbus Factory is projected to create 4,000 jobs, and according to the New York Times the “plane maker has received more than 18,000 applications,” already.
“If manufacturing continues to grow, Mobile may just become a destination for people looking for an affordable place to live,” said the author Lisa Davis. Affordable is an understatement when you compare market prices to similar areas aroundĀ the Gulf Coast. The average home price in Mobile is $125,000. The average sold price is $119,000 – $190,640 less than the national average.
It’s an exciting time, and we’re happy to be here on the ground floor. If you’re thinking about buying a home for sale in Mobile, Alabama, now is the time to do it! Contact one of our real estate agents for advice and tips and area information.
Blog, News Airbus Factory, Mobile, Real Estate, Realtor.com