Alabaster, AL Real Estate Market Report-September 2014
Have you wondered how the Alabaster real estate market has been this time of the year? If so then I hope you’ll find value in this post. During the month of September 2014 there were 37 home sold. Lets take a closer look at what sold and how it compared to 2013, oh and by the way these stats where taken from the Birmingham Area Multiple Listing Service.
The average list price for the homes that closed in September of 2013 was $171,208
The average list price for the homes that closed in September of 2014 was $182,886
The average sale price for the homes that closed in September of 2013 was $167,974
The average sale price for the homes that closed in September of 2014 was $177,426
The average market time for the homes that closed in September of 2013 was 62 days.
The average market time for the homes that closed in September of 2014 was 66 days.
Homes Under Contract For September 2014
There were 28 homes that went under contract during the month of September 2014. The average list price of these homes was $140,999 with an average days on market (DOM) of 43.
Current September 2014 Home For Sale Inventory Levels
There are currently 186 homes for sale in the Alabaster, Al area with an average list price of $200,600. The average days on market is 75.
Alabaster, AL Real Estate Market Analysis
During the month of September some of the top 5 areas of town that had the most sales include the following (in no particular order):
- Lacey’s Grove
- Apache Ridge
- Saddle Lake Farms
- Grande View
The average sale price of homes in 2014 increased by a little over 5.5%, and the average listing price by 6.8%, while the days on market held stable. This increase in both the list and sold price is no doubt a result of there being less foreclosure homes being listed. While there is still an inventory of these types of homes it is less than in previous years. In addition to less foreclosures the amount of inventory was lower which gave sellers a little more power in pricing their homes higher.
If you would like to add anything to my analysis please leave a message below, or if you have any other questions about Alabaster, AL real estate please let me know.