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AL Avg Real Estate Rate in Mobile, Alabama

Mobile is the county seat of Mobile County, Alabama, United States. The population within the city limits was 195,111 as of the 2010 United States Census, making it the third most populous city in Alabama, the most populous in Mobile County, and the largest municipality on the Gulf Coast between New Orleans, Louisiana, and St. Petersburg, Florida.

Alabama's only saltwater port, Mobile is located on the Mobile River at the head of the Mobile Bay and the north-central Gulf Coast. The Port of Mobile has always played a key role in the economic health of the city, beginning with the settlement as an important trading center between the French colonists and Native Americans, down to its current role as the 12th-largest port in the United States.

Mobile is the principal municipality of the Mobile metropolitan area. This region of 412,992 residents is composed solely of Mobile County; it is the third-largest metropolitan statistical area in the state. Mobile is the largest city in the Mobile-Daphne−Fairhope CSA, with a total population of 604,726, the second largest in the state. As of 2011, the population within a 60-mile (100 km) radius of Mobile is 1,262,907.

Mobile was established in 1702 by the French as the first capital of colonial La Louisiane (New France). During its first 100 years, Mobile was a colony of France, then Britain, and lastly Spain. Mobile first became a part of the United States of America in 1813, with the annexation by President James Madison of West Florida from Spain. In 1861, Alabama joined the Confederate States of America, which surrendered in 1865.

Considered one of the Gulf Coast's cultural centers, Mobile has several art museums, a symphony orchestra, professional opera, professional ballet company, and a large concentration of historic architecture.

Mobile is known for having the oldest organized Carnival or Mardi Gras celebrations in the United States. Its French Catholic colonial settlers celebrated this festival from the first decade of the 18th century. Beginning in 1830, Mobile was host to the first formally organized Carnival mystic society to celebrate with a parade in the United States. (In New Orleans such a group is called a krewe.)

 

Mobile Alabama Average Real Estate Agent Commission Rate Fees:

A total commission of 6% is typically asked for by “full service” Agents working for the big national real estate firms in Mobile, Alabama.  70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

 

REAL ESTATE COMMISSION RATES:

 

In Mobile, Alabama, you will find the following real estate commissions charged*:

Typical Asking Commission: 6.0%

Competitive Commission: 5.0-5.5%

Very Competitive Commission: 4.5-4.99%

The median existing single-family home price in the South rose 6.7%, to $229,400, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Alabama, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Birmingham-Hoover $206,100 5.6%
Decatur $122,400 -5.6%
Huntsville $177,100 -0.7%
Mobile $134,300 0.3%
Montgomery $141,100 2.3%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Alabama

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

The 2010 United States Census determined that there were 195,111 people residing within the city limits of Mobile. Mobile is the center of Alabama's second-largest metropolitan area, which consists of all of Mobile County. Metropolitan Mobile is estimated to have a population of 413,936 in 2012.

The 2010 census indicated that there were 78,959 households, out of which 21,073 had children under the age of 18 living with them, 28,073 were married couples living together, 17,037 had a female householder with no husband present, 3,579 had a male householder with no wife present, and 30,270 were non-families. 25,439 of all households were made up of individuals and 8,477 had someone living alone who is 65 years of age or older. The racial makeup of the city was 50.6% Black or African American, 45.0% White, 0.3% Native American, 1.8% Asian, 0.0% Pacific Islander, 0.9% from other races, 1.4% from two or more races, and 2.4% of the population were Latino. Non-Hispanic Whites were 43.9% of the population in 2010, down from 62.1% in 1980. The average household size was 2.4 and the average family size was 3.07. Estimated same-sex couple households comprised 0.3% of all households in 2010.

The age distribution of the population in 2010 consisted of 6.7% under the age of five years, 75.9% over 18, and 13.7% over 65. The median age was 35.7 years. The male population was 47.0% and the female population was 53.0%. The median income for a household in the city was $37,056 for 2006 to 2010. The per capita income for the city was $22,401.

 

ECONOMY:

Aerospace, steel, ship building, retail, services, construction, medicine, and manufacturing are Mobile's major industries. After having economic decline for several decades, Mobile's economy began to rebound in the late 1980s. Between 1993 and 2003 roughly 13,983 new jobs were created as 87 new companies were founded and 399 existing companies were expanded.

Defunct companies that had been founded or based in Mobile included Alabama Drydock and Shipbuilding Company, Delchamps, and Gayfers.Current companies that were formerly based in the city include Checkers, Minolta-QMS, Morrison's, and the Waterman Steamship Corporation.

In addition to those discussed below, AlwaysHD, Foosackly's, Integrity Media, and Volkert, Inc. are headquartered in Mobile.

 

MAJOR INDUSTRY:

The USNS Spearhead (JHSV-1), another Austal USA-built ship, being prepared for its christening in the BAE Systems Southeast Shipyards floating drydock in September 2011. The Spearhead is the first ship of the Spearhead class Joint High Speed Vessel (JHSV).

Airbus Mobile Engineering Center at the Brookley Aeroplex in Mobile.

 

PORT OF MOBILE:

Mobile's Alabama State Docks underwent the largest expansion in its history in the early 21st century. It expanded its container processing and storage facility and increased container storage at the docks by over 1,000% at a cost of over $300 million, a project completed in 2005.Despite the expansion of its container capabilities and the addition of two massive new cranes, the port went from 9th largest to the 12th largest by tonnage in the nation from 2008 to 2010.

 

SHIPYARDS:

Shipbuilding began to make a major comeback in Mobile in 1999 with the founding of Austal USA.A subsidiary of the Australian company Austal, it expanded its production facility for United States defense and commercial aluminum shipbuilding on Blakeley Island in 2005. Austal announced in October 2012, after winning a new defense contract and completing another 30,000 square feet (2,800 m2) building within their complex on the island, that it will expand from a workforce of 3,000 workers to 4,500 employees.

Atlantic Marine operated a major shipyard at the former Alabama Drydock and Shipbuilding Company site on Pinto Island. It was acquired by British defense conglomerate BAE Systems in May 2010 for $352 million. Doing business as BAE Systems Southeast Shipyards, the company continues to operate the site as a full-service shipyard, employing approximately 600 workers with plans to expand.

 

MOBILE AEROPLEX AT BROOKLEY:

The Mobile Aeroplex at Brookley is an industrial complex and airport located 3 miles (5 km) south of the central business district of the city. It is the largest industrial and transportation complex in the region, having more than 70 companies, many of which are aerospace, spread over 1,650 acres (668 ha). Notable employers at Brookley include Airbus North America Engineering (Airbus Military North America's facilities are at the Mobile Regional Airport), ST Aerospace Mobile (a division of ST Engineering), and Continental Motors.

Plans for an Airbus A320 family aircraft assembly plant in Mobile were formally announced by Airbus CEO Fabrice Brégier from the Mobile Convention Center on July 2, 2012. The plans include a $600 million factory at the Brookley Aeroplex for the assembly of the A319, A320 and A321 aircraft. It was planned to employ up roughly 1,000 full-time workers when fully operational. Construction began with a groundbreaking ceremony on April 8, 2013, with it becoming operable by 2015 and producing up to 50 aircraft per year by 2017. The assembly plant is the company's first factory to be built within the United States. It was announced on February 1, 2013 that Airbus had hired Alabama-based Hoar Construction to oversee construction of the facility. The factory officially opened on September 14, 2015, covering one million square feet on 53 acres of flat grassland.

On October 16, 2017, Airbus announced a partnership with Bombardier Aerospace, taking over a majority share of the Bombardier CSeries airliner program. As a result of this partnership, Airbus plans to open an assembly line for CSeries aircraft in Mobile, particularly to serve the US market. This effort may allow the companies to circumvent high import tariffs on the CSeries family.

 

ThyssenKrupp

German technology conglomerate ThyssenKrupp broke ground on a $4.65 billion combined stainless and carbon steel processing facility in Calvert, a few miles north of Mobile, in 2007. It was originally projected to eventually employ 2,700 people. The facility became operational in July 2010.

The company put both its carbon mill in Calvert and a steel slab-making unit in Rio de Janeiro up for sale in May 2012, citing rising production costs and a worldwide decrease in demand. ThyssenKrupp's stainless steel division, Inoxum, including the stainless portion of the Calvert plant, was sold to Finnish stainless steel company Outokumpu Oyi in 2012.

TOP EMPLOYERS:

Shelby Hall, College of Engineering and the School of Computer and Information Sciences, at the University of South Alabama.

According to Mobile's 2011 Comprehensive Annual Financial Report, the top employers in the city during 2011 were:

Rank Employer Number of
employees
Percentage of
total employment
1 Mobile County Public School System 7,795 4.58%
2 Infirmary Health Systems 5,460 3.21%
3 University of South Alabama 5,300 3.12%
4 Walmart 2,920 1.72%
5 Austal USA 3,000 1.47%
6 Providence Hospital 2,350 1.38%
7 City of Mobile 2,100 1.23%
8 ST Aerospace Mobile 1,500 0.88%
9 County of Mobile 1,460 0.86%
10 Springhill Medical Center 1,320 0.78%

 

UNEMPLOYMENT RATE:

The United States Department of Labor's Bureau of Labor Statistics unemployment rate (not seasonally adjusted) for the Mobile Metropolitan Statistical Area was 7.5% for July 2013, compared with an unadjusted rate of 6.6% for Alabama as a whole and 7.4% for the entire nation.

*Data provided by Bankrate.com - Real Estate and Wikipedia.com - Mobile - Alabama