Tag Archives: Homes for Sale

Heritage Brook by Legacy Homes

Located on Old Railroad Bed Road just a mile north of Hwy 72 (University Drive) in Madison, Heritage Brook provides the best of both worlds. The private wooded lots, raised foundations and gently rolling topography provide an established neighborhood feel with brand new homes. This unique combination combined with the convenient proximity to Redstone Arsenal, Madison Hospital and The Shops of Madison; make Heritage Brook a natural choice for your new home.

Looking for a new home? I work with every builder in every new community and school district in Madison county.

Buy your new home with me and I’ll sell your current home for FREE!

Leave a comment

Filed under Neighborhood Profiles, Real Estate for Everyone

Kelly Cove Community by Woodland Homes

What Is Your Idea of Refuge, A Resort Or Home?
At Kelly Cove, We Say… Both!

This magnificent community features all of the amenities that have made Woodland Homes so popular with North Alabama home buyers.

Located in the heart of Monrovia, you will find the diamond we call Kelly Cove.  Part of the original Kelly Farm, Kelly Cove was master-planned to enhance the living experience from the moment you pass between the infinity waterfalls and begin to ride through the tree lined streets.  Featuring both side-sidewalks, underground utilities, public sewer and soft light lamp post, Kelly Cove “feels” like home.  Our new Amenity package featuring a Clubhouse with fireplace and full kitchen, workout facility with elliptical machines and LED TV’s on the walls, Outdoor grilling area, HUGE in-ground pool with Sprinkler Park for the children to enjoy will be opening 2nd Quarter 2015.  Kelly Cove also features a private stocked lake for our residents to enjoy a relaxing day of fishing.  Kelly Cove has it all…Great Location, Great Schools and Great Homes.  Stop by for a visit today and see why Kelly Cove is the fastest selling community in Monrovia.  Homes starting from the $290’s.

Looking for a new home? I work with every builder in every new community and school district in Madison county.

Buy your new home with me and I’ll sell your current home for FREE!

Leave a comment

Filed under Neighborhood Profiles, Real Estate for Everyone

River Ridge Community by Jeff Benton Homes

Located in Big Cove, River Ridge is one of those special communities that offers nature at your doorstep and convenience right down the road. The homes of River Ridge have access to many great amenities including a pool, clubhouse, pavilion, water play features, playground, two community lakes, and much more!

Looking for a new home? I work with every builder in every new community and school district in Madison county.

Buy your new home with me and I’ll sell your current home for FREE!

Leave a comment

Filed under Neighborhood Profiles, Real Estate for Everyone

Madison planners OK layout of Villages of Oakland Springs; first Traditional Neighborhood District

Developers for the new neighborhood center project anticipate earth grading for the 349-lot subdivision to begin in two to three months after getting their layout plat approved by the Madison Planning Commission on Thursday.

Villages of Oakland Springs4.jpg

At this point, the focus is on working out the technical details of the project’s infrastructure and then following up with getting the single-family homes built, said Ron Roberts, one of the partners developing 157 acres on Huntsville Browns Ferry Road into what’s being called Villages of Oakland Springs.

About 15 acres of that property is dedicated for commercial use, which will be constructed in the same manner as Village of Providence in Northwest Huntsville.

There’s nothing to announce yet on what’s coming on the commercial side of the project because those designs are still being planned, he said.

Roberts’ partner, Todd Slyman, said it could take years to fully develop the retail and office aspect of Oakland Springs, because ultimately, it will be determined by the growth of eastern Limestone County.

“You have to have the population growth in order to get some of those things that happened over in Providence, he said. “But sure, the goal is to have another neighborhood center. The goal is to end up with a similar product.

“Now, is it going to have all the same elements, I don’t know yet. Depends on how things develop out there and how things go. Demand will determine what the retail becomes. As that area grows, we’ll have a better idea of what to bring in there and make that work,” Slyman said.

Asked whether he learned any valuable lessons from developing Providence that might benefit Oakland Springs, Slyman said he couldn’t pinpoint anything specific other than learning the right ways to execute plans, because for the most part, Providence played out as planned.

Villages of Oakland Springs3.jpg

“We really haven’t varied from the original plans from the way we originally designed it,” he said. “It’s come together really well. It’s kind of the vision we had from the beginning.”

One popular element of Providence that is already incorporated into layout plat for Oakland Springs is a park-like “common area” in the middle of the subdivision. Providence has used its common area for outdoor concerts and movies. Plans for the common area in Oakland Springs call for green space next to a small lake.

The location is in the middle of cotton fields along an old farm to market road, and it’s about a 1.5 miles from the closest residential subdivision. Still, the location is prime for growth, Slyman said, because it’s minutes away from what families need, such as James Clemens High School, Madison Hospital and Publix.

One of the access points into the subdivision is directly across from where Holladay Road ends at Huntsville Browns Ferry Road

“Holladay Road is a great addition,” Slyman said of the five-lane roadway that begins at U.S. 72. “It’s basically coming right into the project. It’s a five-lane driveway.”

Oakland Springs also is less than two miles from County Line Road to the east and a straight 6.5 miles from the interchange at Interstate 65 to the west.

The planning commission discussed the challenge ahead of providing sufficient roadways for the rapidly growing area of western Madison. The existing county roads are not built for high volume of daily commuters. As part of the Oakland Springs project, the city is asking for 120 feet of right of way for the future widening of Huntsville Browns Ferry Road.

Madison planners OK layout of Villages of Oakland Springs; first Traditional Neighborhood District months away from construction | AL.com.

Leave a comment

Filed under Madison County "in the news"

Huntsville/Madison County residential median sales price establishes new peak

Click here to view or print the full quarterly report compliments of the ACRE Corporate Cabinet.

Median Price.jpg
View full sizeHuntsville/Madison County median sales price up 8% from 2nd Quarter 2013. Infograph courtesy of North Al MLS & ACRE. All rights reserved.

Pricing: According to the North Alabama Multiple Listing Service (MLS), the median sales price in the Huntsville/Madison County reached a new peak during the 2nd quarter at $175,633 which is also 8.0 percent from the same quarter in 2013. Historical data indicates that second quarter median price in 2014 increased by 4.9 percent from the most recent 3-year average and 4.0 percent from the 5-year quarterly average (’09-’13).

Supply: The housing inventory average during the second quarter was 3,215 units, an increase of 4.8 percent from the same period in 2013 and .8 percent below the second quarter peak in 2010 (3,240 units). There was 7.1 months of housing supply (6 months considered equilibrium during 2nd quarter) in the second quarter 2014 versus 6.6 months of supply last year, an increase of 7.1 percent. Historical data indicates that the second quarter inventory-to-sales ratio in 2014 decreased 1.4 percent from the 5-year average (7.2 months – best market performance in Alabama during this window) and decreased 2.8 percent from the 3-year average.

Demand: Residential sales during the second quarter by Huntsville standards can only be described as sluggish, a small slip of 2.4 percent compared to the same period a year earlier. The second quarter sales remain 28.7 percent off the peak experienced in 2003 when 1,912 units were sold. Historical data indicates that second quarter sales in 2014 increased by 6.6 percent from the most recent 3-year average (’11-’13) and 5.5 percent from the 5-year quarterly average (’09-’13).

The Huntsville/Madison Residential Quarterly Report is provided compliments of the ACRE Corporate Cabinet.

+++++++++++++++++++++++++++++++++++++++++++++++++++++

The Huntsville/Madison County Residential Quarterly Report is work product developed in conjunction with the Huntsville Area Association of REALTORS to better serve North Alabama consumers. The ACRE monthly report is provided to illustrate the “general” market direction & trends when comparing prior periods with the most current available data. Real estate is local and statistics will fluctuate between areas within a city including subdivisions. ACRE recommends that you consult a local real estate professional for “specific” advice associated with your market.

About ACRE. ACRE was founded in 1996 by the Alabama Real Estate Commissionthe Alabama Association of REALTORS and the Office of the Dean, UA Culverhouse College of Commerce. ACRE is not a state-funded entity, rather its operates in part because of the goodwill & generosity of our statewide ACRE Partners.

Alabama real estate resources & news, please visit our website and our ACRE blog. You can also follow ACRE from our facebook page, just “like” http://www.facebook.com/acreua and/or follow on twitter at @uaacre.

 Huntsville/Madison County Residential Quarterly Report: “2nd quarter median sales price establishes new peak” | AL.com.

Leave a comment

Filed under Real Estate for Everyone

Huntsville Only Alabama city to make ConventionSouth’s 2014 list of the best ‘Southern Hospitality Cities’

13911944-mmmain

Only one Alabama city made ConventionSouth magazine’s new 2014 list of the best “Southern Hospitality Cities.”

Huntsville, known for its technology, space and defense industries, was one of 16 cities in the U.S. South handpicked by ConventionSouth’s editors using reader, fan and follower nominations. The magazine also looked at cities that offer a:

• attractive, clean, safe and welcoming community
• charming, authentic and unique attractions, restaurants, shopping and recreation
• community-wide service standards with polite hospitality workers
• helpful Convention and Visitors Bureau with group travel and event planning services

For a city to make the list, ConventionSouth Editor/Associate Publisher Marlane Bundock said the “community as a whole must possess several defining qualities that collectively present an all-around welcoming spirit toward visitors.”

“These qualities include a genuinely cordial state-of-mind of the residents that cooperatively becomes a community-wide state-of-being,” she said. “This is further enhanced by a charming appearance and unique attractions such as one-of-a-kind restaurants—whether they are fine-dining establishments or greasy spoons. Meeting planners from across the country require destinations that meet these standards and therefore, look to the South over other regions in order hold more successful, memorable events.”

Other cities to make the list include Amarillo, Texas; Dalton, Ga.; Gaithersburg, Md.; Greensboro, N.C.; Hampton, Va.; Hattiesburg, Miss.; Hilton Head, S.C.; Knoxville, Tenn.; Lafayette, La.; Lexington, K.Y.; Norman, Okla.; Pine Bluff, Ark.; St. Augustine, Fla.; Springfield, Mo.; and Summersville, W.Va.

Click here to check out the list.

Only 1 Alabama city makes ConventionSouth’s 2014 list of the best ‘Southern Hospitality Cities’ | AL.com.

Leave a comment

Filed under Madison County "in the news"

Huntsville/Madison County residential median sales price in June improves 10% from prior year

Click here to view or print the entire June report compliments of the ACRE Corporate Cabinet.

Huntsville/Madison County area residential sales in June slipped 1.7 percent from the same period a year earlier. Year-to-date sales are virtually the same as 2013 (-1.0%) through the month of June. Total sales of 507 units were 15 units or 2.7 percent shy of our monthly forecast.

Historical Sales.jpg
View full sizeHuntsville/Madison County residential sales slip 1.7% from last June. Inventory has decreased 2.2% from the month of June peak in 2010. Infograph provided by ACRE. All rights reserved.

Supply: Huntsville housing inventory totaled 3,259 units, an increase of 142 units from last June and 5.3 percent above the 5-year June average of 3,095 units. New home inventory is down 9.1 percent year-over-year while existing single family is up 6.9 percent. The inventory-to-sales ratio in June was 6.4 months of housing supply (3.9 months for new construction – down from 4.2 months in May 2013). The market equilibrium (balance between supply and demand) is considered to be approximately 6 months during June. Huntsville remains one of Alabama’s most balanced markets in 2014. June inventory in Huntsville/Madison County experienced a 2.5 percent (79 units) increase when compared to the prior month. This movement contrast with seasonal & historical data trends that indicate June inventory on average (€™09-€™13) remained unchanged from the month of May.

Demand: New home sales improved 5.3 percent from last June after a weak May but a strong sales surge in April. New home sales spur economic growth and job creation so this is encouraging news. Existing single family home sales accounted for 73 percent (down from 74% in June’13) of total sales, new homes sales accounted for 14 percent (up from 12% in June’13) while condos were 3 percent of sales (down from 4% in June’13).

Residential sales in June improved 10.7 percent from the prior month. Real estate sales volume is seasonal and historical Huntsville data reflects that June sales, on average (€™09-€™13), increase from the month of May by 6.1 percent.

Median Price.jpg
View full sizeHuntsville/Madison County residential median sales prices rises 10% from last June. Infograph provided by ACRE. All rights reserved.

Pricing: The Huntsville median sales price in June was $184,900, an increase of 10.1 percent from June 2013 and 10.7 percent from the prior month. Historical data (09-13) indicates that the June median selling price traditionally increases from the month of May by 3.0 percent. It’s important to note that pricing can fluctuate from month-to-month as the sample size of data (closed transactions) is subject to seasonal buying patterns so a broader lens as to pricing trends is appropriate. ACRE recommends contacting a local real estate professional to discuss pricing at the neighborhood level.

Industry Perspective: According to Fannie Mae’s June National Housing Survey: Americans’ Attitudes Toward the Housing Market Reflect Steady but Slow Recovery, “Normal” Housing Levels Still a Ways Off. Click HERE for report.

View the current monthly Huntsville Residential Report here.

The Huntsville Residential Monthly Report is work product developed in conjunction with the Huntsville Area Association of REALTORS to better serve North Alabama consumers. The ACRE monthly report is provided to illustrate the “general” market direction & trends when comparing prior periods with the most current available data. Real estate is local and statistics will fluctuate between areas within a city including subdivisions. ACRE recommends that you consult a local real estate professional for “specific” advice associated with your market.

About ACRE. ACRE was founded in 1996 by the Alabama Real Estate Commissionthe Alabama Association of REALTORS and the Office of the Dean, UA Culverhouse College of Commerce. ACRE is not a state-funded entity, rather its operates in part because of the goodwill & generosity of our statewide ACRE Partners.

Alabama real estate resources & news, please visit our website and our ACRE blog. You can also follow ACRE from our facebook page, just “like” http://www.facebook.com/acreua and/or follow on twitter at @uaacre.

Huntsville/Madison County residential median sales price in June improves 10% from prior year | AL.com.

Leave a comment

Filed under Madison County "in the news", Real Estate for Everyone