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READY FOR YOU TO PICK YOUR SPOT!
• lot / land - 
MLS® $28,000 - AWESOME PRICE!!!
Dogwood Valley, Lacey's Spring - You don't want to miss this one! A peaceful quiet setting. Minutes to Huntsville! Build your dream home on this beautiful wooded lot in Lacey's Spring Alabama.
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Monthly Homes Sales History for the Huntsville Alabama Madison County real estate area shows an inventory of 3447 homes or a 15.19 months of supply of homes for the month ending November. The chart below shows the monthly sales history for the months of January thru November 2008. There was a significant 40.5% drop in sales from October to November. It appears that the global recession has finally affected the local real estate market. With this in mind, sellers are having to either readjust to the new market conditions by lowering their selling price or having their home or property sit on the market longer. With the rising number of homes increasing in inventory and tightening lending it is becoming evident that we are in a buyers' market for the local Huntsville Alabama Madison County real estate area. The average days on the market (DOM) was 82 days. The good news is that rates are reasonably low and there are several homes to choose from if your are searching for a new home in the Huntsville Alabama real estate area. Buyers relocating to Huntsvile Alabama due to BRAC will find there are several new homes on the market with incentives that will appeal to buyers! If you are considering a move to Huntsville Alabama, be sure to check out the following links for more information about the Huntsville Alabama Real Estate area and other real estate markets nearby: {Relocating to Huntsville Alabama, Local News, Local Mortgage Rates, Local Schools, Office Listings, Condos, Townhomes, Search Huntsville MLS}
*Data obtained from NALMLS
--Information deemed reliable but not guaranteed--
Category - Residential / PropType: SF, CO, FH, PH, MH, PC, TH / Area: 01, 02, 03, 04, 4E, 05, 5X, 61, 62, 63, 64
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SE Huntsville Bucks Canyon Subdivision
• 2,010 sq. ft., 3 bath, 4 bdrm 2 story "3/4 Brick, Vinyl" - MLS® $196,250 - Reduced!
Bucks Canyon, Huntsville - This SE 2-story home is located on a cul-de-sac in a very desirable neighborhood with excellent schools. Convenient to shopping, dining, entertainment, and minutes to Redstone Arsenal. Beautifully landscaped and meticulously cared for inside and out. Very clean inside and move-in condition. Hurry before it's gone!
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Monthly Homes Sales History for the Huntsville Alabama Madison County real estate area shows an inventory of 3500 homes or a 8.33 months of supply of homes for the month of August. The chart below shows the monthly sales history for the months of January thru August for 2006 - 2008. Inventory rose from 6.86 to 8.33 months of supply of homes. This trend is typical for this time of the year with the busiest time for home buying being the summer months prior to the new school year. With the rising number of homes increasing in inventory, tightening lending, and weak US economic news it is becoming evident that we are back in a buyers' market for the local Huntsville Alabama Madison County real estate area. The average days on the market (DOM) was 82 days for the month of August whereas August 2006 and August 2007 was 108 and 74 respectively. The good news is that rates are reasonably low and there are several homes to choose from if your are searching for a new home in the Huntsville Alabama real estate area. Buyers relocating to Huntsvile Alabama due to BRAC will find there are several new homes on the market with incentives that will appeal to buyers! If you are considering a move to Huntsville Alabama, be sure to check out the following links for more information about the Huntsville Alabama Real Estate area and other real estate markets nearby: {Relocating to Huntsville Alabama, Local News, Local Mortgage Rates, Local Schools, Office Listings, Condos, Townhomes, Search Huntsville MLS}
*Data obtained from NALMLS
--Information deemed reliable but not guaranteed--
Category - Residential / PropType: SF, CO, FH, PH, MH, PC, TH / Area: 01, 02, 03, 04, 4E, 05, 5X, 61, 62, 63, 64
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Bucks Canyon, Huntsville - Announcing a price reduction on 9410 Dons Court, a 2,010 sq. ft., 3 bath, 4 bdrm 2 story "3/4 Brick, Vinyl". Now MLS® $196,250 - Reduced!.
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• lot / land "Desirable Location in Arab!" - MLS® $27,000 - A Great Buy!
Autumn Creek Estates, Arab - Here's your chance to build your dream home on 0.60 acres in a desirable neighborhood of Autumn Creek Estates in Arab Alabama in Marshall county. Directions:South Hwy 231 left on Haynes Road, left on Red Oak Lane, left on Autumn Creek Drive, first lot on the right (2nd entrance to Autumn Creek Subdivision).
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• 2,926 sq. ft., 3 bath, 5 bdrm Basement Ranch - MLS® $294,900 - An Excellent Buy!
Andrews Estates, Owens Cross Roads - Just 12 minutes from downtown Huntsville, this beautiful basement rancher sits on a private, secluded lot at the end of a quiet street. If you want to get away from it all yet have convenience to the city, this is it! A formal entry greets you and the dining room boast bamboo hardwoods! The kitchen is spacious with a huge island with solid surface countertops. The Great Room has a cathedral ceiling that floods with natural light via innovative solatube technology and a custom crafted mantle graces one of two gas fireplaces in this gorgeous home. Walk outside to a covered porch and enjoy grilling anytime of the year! The daylight basement is wide open for entertaining with a 2nd kitchen ideal as a mother-law suite or teen apartment! Hurry! Don't let this one get away!
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West Ridge, Huntsville - Announcing a price reduction on 1838 Shellbrook Drive, a 2,732 sq. ft., 4 bath, 4 bdrm 2 story. Now MLS® $249,000 - Reduced $10k!.
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Sandhurst Park, Huntsville - The ranch at 2510 PIONEER ROAD has been sold.
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Mathis Chase Estates, Huntsville - The ranch at 715 Wynsom Drive has been sold.
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Need to get daily listings on your cell phone or PDA as they hit the market? Try out my new mobile website! Click here to view it. Then send the link to your cell phone and save it. Visit it daily so you can see what homes hit the market every day!
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A must see! Click here to view online presentation!
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West Ridge, Opelika - Announcing a price reduction on 1838 Shellbrook Drive, a 2,732 sq. ft., 4 bath, 4 bdrm 2 story. Now MLS® $259,000 - New Price!.
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Sandhurst Park, Huntsville - Announcing SALE PENDING on 2510 PIONEER ROAD, a 1,000 sq. ft., 2 bath, 3 bdrm ranch. Now MLS® SALE PENDING $99,922 - Sale Pending!.
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What is a "buyers' market"? How can you guage whether or not your real estate market is heading in that direction? No matter where you are the real estate market your town is either a buyer's market, sellers' market, or sometimes a little of both. So what is the general rule of thumb? Most real estate practitioners consider a typical market to be one in which homes take an average of six months to sell. By keeping track of the number of days on the market (DOM) Realtors® can guage whether they are in a buyers market or a sellers market. This means that in the MLS (Multi-Listing Service), there are likely to be at least six months worth of inventory of homes on hand to sell. If the inventory rises above six months worth of inventory on hand, the real estate market is considered by most to be swinging into a buyers' market. If it falls below, it is becoming a sellers' market.
In short, a buyers market is one in which there are too many homes on the market for the number of buyers. As a result, homes take longer to sell and prices fall. The chart below shows the trend in which the Huntsville Alabama real estate market is heading. Statistics show that the number of homes sold has dropped when compared to sales in 2006 and 2007 when the real estate market was really hot as it was in most places in the country. The real estate market for Huntsville Alabama was turning into a buyers market in September of 2007 when the number of homes on the market was at 7.99 months worth of supply. January was a very slow month with 9.63 months worth of supply of homes on the market! However, the number of homes sold for June shows some strength going into July with June falling to 6.88 months of homes on the market. Average DOM for the year to date is currently at 99.7 days compared with 78.0 and 79.3 for 2006 and 2007 respectively.
