Archive for the ‘Huntsville AL Real Estate Monthly Market Reports’ Category

Here are the Huntsville, Alabama Real Estate Sales Statistics for the month of April 2009.  

HUNTSVILLE REAL ESTATE
MARKET STATISTICS ~ APRIL 2009
# Existing Single Family Homes Sold This Month	Average List Price	Average Sold Price	Average Days on Market	List Price vs. Sale Price %
311	$195,772	$190,666	95	97.39%
Area	# of Sales in April '09	Avg Sales Price April '09	Avg Sales Price March '09	Trend
HSV CITY NW	30	$123,720	$87,130	UP
HSV CITY NE	16	$126,101	$117,925	UP
HSV CITY SW	45	$158,521	$156,335	UP
HSV CITY SE	35	$196,537	$204,720	DOWN
MAD CITY LIMITS	45	$272,282	$210,533	UP
HSV CITY EAST	26	$288,477	$294,713	DOWN
MAD OUTSIDE CITY	34	$209,385	$193,184	UP
MAD CO NW	22	$156,295	$134,225	UP
MAD CO NE	50	$165,983	$203,563	DOWN
MAD CO SW	-	-	$163,000	-
MAD CO SE	8	$118,238	$131,975	DOWN

 
April was a green month for Huntsville, Alabama real estate!  Lots of positive movement in most of the areas throughout both Madison and Huntsville was witnessed by home sellers.  Even though home prices have dropped over the past year in each area, it is nothing like most similarly sized cities throughout the US.  With the continuation of population growth and job opportunities, along with low mortgage rates, Huntsville, Alabama real estate is still seen as a great investment for families and an even better place to call home.   

When looking back to this time 3 years ago, for instance, the average Huntsville homes sale price was in the low $160K's!  When you compare this to areas in Florida or California, it's staggering to see how well our market is holding up during this difficult financial time; pricing in Florida and California have plummeted to prices that haven't been seen since the mid-80's!   Huntsville, Alabama real estate truly is holding strong!  Please feel free to contact me if you would like to discuss the market with me or get a comparative market analysis of your current home.

The Huntsville, Alabama home sales Market Statistics for March 2009 may be reviewed below.

HUNTSVILLE REAL ESTATE
MARKET STATISTICS ~ MARCH 2009
# Existing Single Family Homes Sold This Month	Average List Price	Average Sold Price	Average Days on Market	List Price vs. Sale Price %
327	$183,271	$178,558	90	97.43%
Area	# of Sales in March '09	Avg Sales Price March '09	Avg Sales Price February '08	Trend
HSV CITY NW	43	$87,130	$100,987	DOWN
HSV CITY NE	17	$117,925	$140,689	DOWN
HSV CITY SW	36	$156,335	$194,687	DOWN
HSV CITY SE	42	$204,720	$214,885	DOWN
MAD CITY LIMITS	39	$210,533	$274,171	DOWN
HSV CITY EAST	26	$294,713	$267,965	UP
MAD OUTSIDE CITY	42	$193,184	$221,672	DOWN
MAD CO NW	28	$134,225	$136,652	DOWN
MAD CO NE	49	$203,563	$168,830	UP
MAD CO SW	1	$163,000	-	UP
MAD CO SE	4	$131,975	$118,033	UP

Huntsville realtors report that the Madison County area saw the most positive movement in sales during this period, which is indicative of families with children to be drawn toward - looking to be surrounded by the same type of families.  This is the same for the Huntsville South East area, where subdivisions such as Somerset Lake are very popular, providing newer homes priced in the mid to high $200K's and Marina Park with higher end properties for sale, from the mid $500K's to the high $700K's.  Another popular high-end subdivision here is The Ledges of Huntsville Mountain, which you can learn more about in a previous blog of mine. 

The average number of days a Huntsville, Alabama home took to sell dropped significantly in March versus in February (down by almost 2 weeks), which is great news for home sellers.  And even though the average sales price of homes dropped month over month, the percentage that the home sold for versus what it was listed for increased.  

With the nearing of the end of another school year, more families will be on the move this coming summer (before their children will be starting up their next school year).  If you have been looking to buy or sell your Huntsville Alabama home, please contact me.

Please find below the updated summary of the Huntsville, AL Real Estate activity for the month of February 2009, versus the month of January.  As last month, this new layout shows the trend that each area of the Huntsville/Madison cities and suburbs are taking.  Although the number of days it is taking a seller to close on their property (up 3 days over January's and 5 days longer than December 2008), the list price to sale price is increasing, which makes it worth waiting those extra few days to sell.  Please take a look at the chart below and let me know if you have any questions.

HUNTSVILLE REAL ESTATE
MARKET STATISTICS ~ FEBRUARY 2009
# Existing Single Family Homes Sold This Month	Average List Price	Average Sold Price	Average Days on Market	List Price vs. Sale Price %
518	$201,587	$195,919	103	97.19%
Area	# of Sales in February '09	Avg Sales Price February '09	Avg Sales Price January '08	Trend
HSV CITY NW	22	$100,987	$121,062	DOWN
HSV CITY NE	18	$140,689	$146,925	DOWN
HSV CITY SW	35	$194,687	$167,918	UP
HSV CITY SE	33	$214,885	$266,730	DOWN
MAD CITY LIMITS	33	$274,171	$274,663	-
HSV CITY EAST	24	$267,965	$374,013	DOWN
MAD OUTSIDE CITY	29	$221,672	$218,574	UP
MAD CO NW	17	$136,652	$146,450	DOWN
MAD CO NE	40	$168,830	$170,637	DOWN
MAD CO SW	-	-	$152,000	-
MAD CO SE	6	$118,033	$105,450	UP

Here is a slideshow of some of the homes that sold over the past month:

Please bookmark this site for future market reports for the upcoming year.  You can also go to my previous blogs to see how the market has changed over the past year.

Please find below the updated summary of the Huntsville, AL Real Estate activity for the month of January 2009, versus the month of December.  As last month, this new layout shows the trend that each area of the Huntsville/Madison cities and suburbs are taking.  The trend this month shows a more optimistic upturn to the market in most areas, which is great news for sellers.  This time of year (the middle of winter) tends to be a slower season for the real estate market, which shows in the smaller number of sales during this first month of the new year.  Please take a look at the chart below and let me know if you have any questions.

 

HUNTSVILLE REAL ESTATE
MARKET STATISTICS ~ JANUARY 2009
# Existing Single Family Homes         Sold This Month	Average List Price	Average Sold Price	Average Days on Market	List Price vs. Sale Price %
447	$214,229	$207,178	100	96.71%
Area	# of Sales in January  '09	Avg Sales Price January  '09	Avg Sales Price December '08	Trend
HSV CITY NW	27	$121,062	$128,320	DOWN
HSV CITY NE	12	$146,925	$122,723	UP
HSV CITY SW	30	$167,918	$160,989	UP
HSV CITY SE	22	$266,730	$188,798	UP
MAD CITY LIMITS	36	$274,663	$236,389	UP
HSV CITY EAST	16	$374,013	$292,364	UP
MAD OUTSIDE CITY	35	$218,574	$215,503	UP
MAD CO NW	19	$146,450	$153,214	DOWN
MAD CO NE	32	$170,637	$178,613	DOWN
MAD CO SW	1	$152,000	$149,273	UP
MAD CO SE	2	$105,450	$146,333	DOWN

Please bookmark this site for future market reports for the upcoming year.  You can also go to my previous blogs to see how the market has changed over the past year. 

 

Below is an updated summary of the Huntsville, AL Real Estate activity for the month of December, versus the month of November.  This new layout shows the trend that each area of the Huntsville/Madison cities and suburbs are taking.  This trend this month shows an obvious downturn to the market in most areas, which is great news for buyers.  Many people look to move during this time of year, and here is another great reason why!  Take a look at the chart below and let me know if you have any questions.

HUNTSVILLE REAL ESTATE
MARKET STATISTICS ~ DECEMBER 2008
# Existing Single Family Homes         Sold This Month	Average List Price	Average Sold Price	Average Days on Market	List Price vs. Sale Price %
522	$159,899	$153,549	98	96.03%
Area	# of Sales in December '08	Avg Sales Price December '08	Avg Sales Price November '08	Trend
HSV CITY NW	38	$128,320	$130,574	DOWN
HSV CITY NE	13	$122,723	$158,588	DOWN
HSV CITY SW	41	$160,959	$171,548	DOWN
HSV CITY SE	22	$188,798	$278,754	DOWN
MAD CITY LIMITS	42	$236,389	$272,066	DOWN
HSV CITY EAST	13	$292,364	$354,906	DOWN
MAD OUTSIDE CITY	41	$215,503	$220,681	DOWN
MAD CO NW	21	$153,214	$116,744	UP
MAD CO NE	45	$178,613	$211,386	DOWN
MAD CO SW	2	$149,273	$152,400	DOWN
MAD CO SE	3	$146,333	$61,725	UP

Please bookmark this site for future market reports for the upcoming year.  You can also go to my previous blogs to see how the market has changed over the past year. 

Below is an updated summary of the Huntsville, AL Real Estate activity for the month of November, versus the month of October.  This new layout shows the trend that each area of the Huntsville/Madison cities and suburbs are taking, which, in the majority of areas, are moving in a positive direction.

HUNTSVILLE REAL ESTATE
MARKET STATISTICS ~ NOVEMBER 2008
# Existing Single Family Homes Sold This Month	Average List Price	Average Sold Price	Average Days on Market	List Price vs. Sale Price %
438	$175,890	$169,146	93	96.17%
Area	# of Sales in November '08	Avg Sales Price November '08	Avg Sales Price October '08	Trend
HSV CITY NW	28	$130,574	$117,809	UP
HSV CITY NE	8	$158,588	$126,393	UP
HSV CITY SW	34	$171,548	$141,572	UP
HSV CITY SE	23	$278,754	$287,777	DOWN
MAD CITY LIMITS	31	$272,066	$239,996	UP
HSV CITY EAST	14	$354,906	$293,718	UP
MAD OUTSIDE CITY	28	$220,681	$206,725	UP
MAD CO NW	9	$116,744	$174,887	DOWN
MAD CO NE	31	$211,386	$167,873	UP
MAD CO SW	1	$152,400	-	UP
MAD CO SE	2	$61,725	$129,750	DOWN

The month saw another slip in the number of sales, however, this is indicative for the time of year and I expect to see the number of sales to increase again in a few months time.  The sales price versus list price is still very healthy, with 96.17% of the list price being paid on average for each home.  Both the sales price and list price of the average home sold last month also jumped up from $161,700 in October to $169,146 in November.

Taking a look at the area with the most activity (Southwest Huntsville), many buyers are taking advantage of the newer subdivisions, including Lake Forest.  Five of the 34 Huntsville homes sold in this area were within this brand new subdivision, ranging in sales price from $246,000 for a 3 bedroom, 2.5 bath 3,126 square foot home, to $400,000 for a 4 bedroom, 3 bath, 3,370 pool home.  This subdivision also includes a clubhouse, community pool and tennis courts for the residents to take advantage of during the warmer months.  Lake Forest is a gated community with a 30-acre lake, several parks and walking trails and is just moments away from downtown Huntsville and all that it has to offer you and your family.

For more information on this, or any other community with the Huntsville/Madison area, please feel free to call or email me. 

Below are the numbers surrounding the month of October's Huntsville, AL real estate market for your review.  With the new school year in full swing, the number of sales dropped significantly during this past month, which is indicative of this time of year.  However, the price of homes being listed and being sold decreased only slightly month over month, and the number of days an average home took to sell dropped from 93 in September to 92 in October, so the market is still moving very well, when comparing to other cities throughout the United States.  This has a lot to do with the BRAC (read more about the Base Realignment and Closure Commission within my previous blog) movements currently taking place.

 

HUNTSVILLE REAL ESTATE
MARKET STATISTICS ~ OCTOBER 2008
# Existing Single Family Homes         Sold This Month	Average List Price	Average Sold Price	Average Days on Market
583	$168,112	$161,700	92
Area	# of Sales	Total Sales	Avg Sales Price
HSV CITY NW	44	$5,183,602	$117,809
HSV CITY NE	15	$1,895,900	$126,393
HSV CITY SW	36	$5,096,608	$141,572
HSV CITY SE	33	$9,496,650	$287,777
MAD CITY LIMITS	38	$9,119,840	$239,996
HSV CITY EAST	24	$7,049,237	$293,718
MAD OUTSIDE CITY	41	$8,475,718	$206,725
MAD CO NW	18	$3,147,960	$174,887
MAD CO NE	39	$6,547,036	$167,873
MAD CO SW	-	-	-
MAD CO SE	4	$519,000	$129,750

 Huntsville East and Huntsville City East areas are still the most popular areas for many new families to the area.  The Ledges of Huntsville is one community inparticular that is very sought after - you can also read more about this community in my previous blog too.  One property that sold last month within this golfing community was a four bedroom (plus den), four bathroom executive pool full brick home.  This magnificent home (with over 4,200 square feet of heated living space), boasts a oversized media room too, complete with a 106" screen and projector!  This home was only on the market for 25 days and sold for $1,080,000.

 

As promised, I have put together a chart to show the Huntsville homes real estate market movements and statistics for the year from January to September 2008.

These numbers are shown below in an easy to read format that provides both sellers and buyers a great perspective of how the market in Huntsville, AL is still strong, thanks to our solid foundation of businesses, both private and public.  The BRAC (Base Realignment and Closure) happenings in the Huntsville, AL area is one of the big factors to the economy in this city being impacted less than other similiarly sized cities in America.  One relocated family described their move as follows:

"The opportunity, job security, pay, cost of living, as well as solid higher education opportunities in engineering, is really what brought us to Huntsville heads and shoulders above any other city."

 

 

SINGLE FAMILY HOMES	Q1 JAN. - MARCH	Q2 APRIL - JUNE	Q3 JULY - SEPT.	TOTAL AVERAGES JAN. - SEPT.
TOTAL SOLD	2414	2844	2528	2595
AVERAGE LIST PRICE	$171,753.00	$174,775.00	$181,025.00	$175,851
AVERAGE SOLD PRICE	$167,307.00	$170,056.00	$175,842.00	$171,068
AVERAGE DAYS ON MARKET	113	105	95	104
LIST TO SOLD RATIO	97.41%	97.30%	97.14%	97.28%

Please review the above chart and contact me should you have any questions pertaining your relocation to Huntsville AL or if you are considering selling your Huntsville real estate property.

Steve A. Thomas
Realtor, Associate Broker, ABR, e-PRO
RE/MAX Huntsville/Madison
Cellular: (256) 694-HOME (4663)
Toll Free: (800) 239-4749 Ext. 4945
Fax: (256) 533-1555
E-mail: mail@SteveAThomas.com    
Web sites: http://HuntsvilleHomeSales.com
http://HuntsvilleHomeInfo.com

The Huntsville AL Real Estate market experienced a slight downturn in market movement this past month (September 2008) compared to the previous month when I studied the statistics surrounding Huntsville homes (also known as "single family homes").  It was another active month (when considering the market within most other cities within the United States today), according to the Northern Alabama Multiple Listing Service (NALMLS).  There were 793 single family homes sold (per NALMLS) with the month of September 2008.  The difference between the sale price and the list price was 97.14%, being less than half a percentage than a month earlier.  The average days on market (DOM) dropped again from 100 in August down to 93 in September, proving a continuing trend in the reduction in the period of time Huntsville homes are on the market.

Here is a breakdown of various statistics for the past month within Huntsville, AL Real Estate:

HUNTSVILLE REAL ESTATE
MARKET STATISTICS ~ AUGUST 2008
# Existing Single Family Homes         Sold This Month	Average List Price	Average Sold Price	Average Days on Market
793	$170,000	$165,306	93
Area	# of Sales	Total Sales	Avg Sales Price
HSV CITY NW	41	$4,265,508	$104,037
HSV CITY NE	20	$2,254,100	$112,705
HSV CITY SW	53	$9,915,935	$187,093
HSV CITY SE	43	$10,248,575	$238,339
MAD CITY LIMITS	52	$15,365,536	$295,491
HSV CITY EAST	22	$7,061,720	$320,987
MAD OUTSIDE CITY	59	$12,678,805	$214,895
MAD CO NW	31	$4,853,000	$156,548
MAD CO NE	58	$9,796,569	$168,906
MAD CO SW	-	-	-
MAD CO SE	7	$1,171,900	$167,414

Tomorrow I will be discussing my findings on the market statistics year to date - for each quarter, compared to that of last year.  I think you will find the information very interesting! 

If you have any questions surrounding the Huntsville AL Real Estate market or are looking to find the perfect Huntsville home for you and your family, please contact me at your convenience or visit my website to search for all Huntsville homes currently available.

Steve A. Thomas
Realtor, Associate Broker, ABR, e-PRO
RE/MAX Huntsville/Madison
Cellular: (256) 694-HOME (4663)
Toll Free: (800) 239-4749 Ext. 4945
Fax: (256) 533-1555
E-mail: mail@SteveAThomas.com    
Web sites: http://HuntsvilleHomeSales.com
http://HuntsvilleHomeInfo.com

Huntsville AL Real Estate saw little change this month over last when it came to single family home sales.  It was another active month, with a noted increase in activity over the previous month per the Northern Alabama Multiple Listing Service (NALMLS).  There were 905 single family homes sold (per NALMLS) with the month of August 2008.  This is up from 892 in July and 870 in June 2008.  The difference between the sale price and the list price was 97.42% versus 97.41% a month earlier (which is highly marginal).  The average days on market (DOM) dropped from 102 in July to 100 in August, proving a continuing trend in the reduction in the period of time homes are on the market over the course of the last quarter period of 2008.

Here is a breakdown of various statistics for the past month within Huntsville, AL Real Estate:

 

HUNTSVILLE REAL ESTATE
MARKET STATISTICS ~ AUGUST 2008
# Existing Single Family Homes         Sold This Month	Average List Price	Average Sold Price	Average Days on Market
905	$190,151	$185,241	100
Area	# of Sales	Total Sales	Avg Sales Price
HSV CITY NW	45	$5,283,782	$117,417
HSV CITY NE	21	$3,082,925	$146,806
HSV CITY SW	67	$12,820,959	$191,358
HSV CITY SE	48	$11,942,943	$248,811
MAD CITY LIMITS	68	$21,324,783	$313,600
HSV CITY EAST	41	$13,578,616	$331,186
MAD OUTSIDE CITY	75	$18,878,168	$251,709
MAD CO NW	32	$5,116,928	$159,904
MAD CO NE	76	$14,572,175	$191,739
MAD CO SW	1	$169,676	$169,676
MAD CO SE	11	$1,757,500	$159,773

Here's a little tidbit of market information for you - the most expensive Huntsville, AL real estate home sold within the month of August was a full brick two story home with five bedrooms (two of which being master suites), six bathrooms, three car garage and five fireplaces, all within just under 8,000 sqft of living space! 

If you are interested in learning more about the Huntsville, AL Real Estate market, or are interested in selling your home at the best price possible, please don’t hesitate to contact me.  You can also visit my website for more information and to view all the homes currently for sale.

Steve A. Thomas
Realtor, Associate Broker, ABR
RE/MAX Huntsville/Madison
Cellular: (256) 694-HOME (4663)
Toll Free: (800) 239-4749 Ext. 4945
Fax: (256) 533-1555
E-mail: mail@SteveAThomas.com    
Web sites: http://HuntsvilleHomeSales.com
http://HuntsvilleHomeInfo.com