In 2002 the community of Mobile, Alabama, celebrated its tricentennial year. Known as the "Azalea Capital of the World," Mobile offers residents many great reasons to call this area home including a pro-business environment, excellent educational opportunities, beautiful neighborhoods and nearly unlimited recreational activities.
Situated on Mobile Bay, the majority of the city's annual income comes from businesses dependent upon and related to water borne commerce. Though Mobile offers all the amenities of a large metropolitan area, it continues to maintain a small-town atmosphere. The National Civic League has recognized the revitalization and beautification efforts of the city and has awarded it the title of "All-America City." Mobile is home to the nation's original Mardi Gras, held 63 years before New Orleans adopted the celebration, and is the hometown of many great sports figures including Henry "Hank" Aaron and "Satchel" Paige.
The city is also home to national events such as the GMAC College Bowl in December, college football's Senior Bowl in January, the Azalea Trail Run Marathon in March and the America's Junior Miss Pageant in July. In addition to these national events, the city and local businesses host community events such as the Alabama Pecan and Satsuma Festival every November. Mobile's overall excellent quality of life has been recognized several times in major publications. The city features numerous beautiful neighborhoods for residents to choose from.
Mobile AL Real Estate Info - Prices of Homes for Sale in Mobile AL
Mobile's affordable housing market features a variety of amenities, locations, views and acreage for each and every property. The real estate market in Mobile is comprised of condominiums, townhouses, single-family homes and land for custom development. Condominiums and townhouses can be found in areas such as Cottage Green, River Landing Club and Eaton Square. Home prices range from under $100,000 to over $2 million. You can find properties for sale with additional amenities such as community facilities. Homes for sale in Mobile can be found in neighborhoods such as Kings Mills, Raleigh, Savannah Trace, Stonehedge and Isle of Palms. Prices for single-family houses range from just under $100,000 and exceeding $1 million for large estate homes with views and additional amenities or acreage.
Mobile Real Estate Stats and Trends for the week of March 3rd, 2014: homes priced around $151,305 compared to $151,369 the previous week, for a slight decrease of less than -1%. For Sunday, March 9th, the current national mortgage rate for a 30 year fixed mortgage is 4.39%; the 15 year fixed rate is at 3.42%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 3.76%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Mobile AL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Mobile to help you find the best home!