Tag Archives: Keller Williams Realty

MLS Home of the Week

Fantastic family home situated on a quiet cul-de-sac lot. Close to Hampton Cove elementary/middle school. Large fenced backyard. Great room features stack stone fireplace. Remodeled kitchen with painted cabinets, updated appliances and granite countertops. 10′ ceilings, heavy crown moulding and hand scraped hardwoods down. New carpet and fresh paint. Huge master suite. His/Her Master closet a must see. Screened-in porch is perfect for entertaining. Listing courtesy of: Keller Williams Realty

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This Month in Real Estate September 2012

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Alabama Mid-Year Residential Report: YTD Sales up 10%

Alabama statewide residential sales during the 2nd quarter of 2012 were 9.7 percent higher than the same period in 2011. Year-to-date (YTD) through June, sales are up 10.0 percent from 2011. June residential sales in Alabama experienced a growth rate of 1.6 percent when compared to June 2011.

June represents the twelfth consecutive month that Alabama home sales have improved when compared to the same month from the prior year. Although at a slower pace, Alabama’s residential inventory also continues to shrink and that is favorable news for the market.

Supply: The statewide housing inventory in June was 34,458 units, a decrease of 10.2 percent from June 2011 and 16.9 percent from the month of June’s peak in 2008 (41,443 units).

There was 9.0 months of housing supply (6 months considered equilibrium) in June 2012 versus 10.2 months of supply in June 2011, a respectable decline of 11.6 percent.

June inventory in Alabama experienced a .1 percent decrease when compared to the prior month. Historical data indicates that June inventory on average (’07-’11) traditionally increases from the month of May .3 percent.

Demand: In June, Alabama residential sales outperformed the US market which showed an increase of 4.5 percent from the prior year (June 2011), according to the National Association of REALTORS (NAR). NAR also reported that the South region sales were up 5.5 percent from last June. Investors accounted for 19 percent of nationwide sales while 29 percent were all-cash sales and 32 percent were first-time home buyers (40% in typical market).

June statewide residential sales reflected zero growth from the prior month. This hints of perhaps caution ahead as historical data indicates that June sales, on average (’07-’11), increase from the month of May by 4.8 percent.

In comparison, US sales declined 5.4 percent from last month while the South region slipped 4.4 percent from the prior month (May 2012).

Pricing: The statewide median selling price in June was $125,921, an increase of .1 percent from last June and the fourth increase over the last nine months. In contrast, this figure represents a decrease of 1.0 percent when compared to the prior month. Historical data (’07-’11) indicates that the June median selling price traditionally increases from the month of May by 2.8 percent. Nationally, NAR says that distressed homes – foreclosures and short sales sold at deep discounts – accounted for 25 percent of June sales (13 percent were foreclosures and 12 percent were short sales), compared with 25 percent in May and 30 percent in June 2011. Foreclosures typically sold for an average 18 percent below market price in June, while short sales were discounted 15 percent.

via Alabama Mid-Year Residential Report: YTD Sales up 10%; 2nd Qtr Sales up 9.7% | al.com.

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This Month in Real Estate June 2012 (Video)

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Thank you for your service!

Thank a veteran.

Pray for the families who gave the ultimate sacrifice.

Enjoy the freedom they all fought to protect!

Steve Stinson, REALTOR®, Huntsville, Alabama, Keller Williams Realty

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Huntsville Area Association of Realtors says home sales rise dramatically in April

Oscar Gonzales, CEO of the Huntsville Area Association of Realtors – Huntsville Times File Photo

HUNTSVILLE, Alabama — Home sales in Huntsville and Madison County in April increased 31.78 percent over March and 68.66 percent over the same month a year ago, according to data released Wednesday by the Huntsville Area Association of Realtors.

The dramatic increase in sales from last April was due largely to the effects of the tornadoes of last April 27, HAAR said.

Oscar Gonzales, the CEO of HAAR, cited pending home sales and an improving economy as reasons for optimism about home sales in the coming months.

“We anticipate home sales to continue to rise as the overall economy recovers,” he said in a release. “One of the indicators we base our estimates on is pending home sales. A sale is listed as pending when the contract has been signed but the sale has not closed, though the sale usually is finalized within one or two months of signing.

“It is an indicator, a barometer of sorts.”

Pending home sales increased 16.83 percent compared to March and 55.83 percent compared to last April, HAAR said.

At $158,000, the April single-family home median price – the price at which half of the homes sold for more and half sold for less – increased 1.35 percent from March and decreased 9.66 percent from last April.

via Huntsville Area Association of Realtors says home sales rise dramatically in April | al.com.

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Alabama home sales rise 15.4 (10) percent in April

BIRMINGHAM, Alabama — Home sales across Alabama totaled 3,497 last month, a 15.4 percent improvement from a year ago.

Last month’s average selling price was $143,324, up 3 percent from April 2011, while the median price was flat at $121,310, according to data from the Alabama Center for Real Estate at the University of Alabama.

There was a caveat in the sales results, Grayson Glaze, ACRE’s executive director, said.

ACRE estimates that about 150 home sales that were scheduled to close in April 2011 were unable to do on the 27th through the 30th of that month because of the deadly tornado outbreak in the state.

Many of those transactions were pushed into May while some of the homes were destroyed, making those sales null and void, he said.

“But for the events of April 27th, the comparative figure in April 2011 would have been greater and thus the percent growth from April 2012 to April 2011 lower – we calculate it at roughly 10 percent,” Glaze said in a statement. “This is still significant progress for our statewide real estate market and consistent with our 2012 forecasts.”

Nationwide, existing home sales rose 3.4 percent in April, the National Association of Realtors said today.

via Alabama home sales rise 15.4 percent in April | al.com.

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