Alabaster, AL Real Estate Market Report-September 2014

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.

Alabaster, AL Real Estate Market Report-September 2014

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):

  1. Lacey’s Grove
  2. Apache Ridge
  3. Weatherly
  4. Saddle Lake Farms
  5. 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.

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