Silver Creek subdivision- Alabaster, AL real estate market report 2015

Silver Creek subdivision- Alabaster, AL real estate market report 2015

Silver Creek Subdivision Alabaster Alabama The Silver Creek subdivision is located in Alabaster, Alabama in north Shelby County. This development offers a community pool, clubhouse, and homeowner association.

From data supplied by the Birmingham MLS the following statistics reflect sales activity from April 1, 2014 to April 30, 2015:

Median Sales Price
$152,750
Average Price Per Square Foot
$91.43
Average Days on Market
95 days
Sale Price to List Price Ratio
98%- This means that the final sale price is approximately 98% of the list price
Number of Sales in Past 12 Months
20 houses have sold, ranging in price from $114,920 to $189,500
Current Inventory of Homes For Sale in Silver Creek
There is currently 1 home listed for sale in Silver Creek, listed at $185,000.

The graphic below reflects the sales statistics from May 1, 2014 to May 1, 2015

Silver Creek Alabaster AL Home Sales

To give you a little more perspective I have also included a graph of all sales in Silver Creek since 2000. Can you see a trend in sales prices?

Silver Creek Alabaster AL Home Sales by Quarter

Question

If you have any questions about sales in the Silver Creek Subdivision or other neighborhoods in and around Alabaster, AL feel free to get in contact with me.

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Comments

  1. Fantastic Visuals, Tom! With only 1 MLS listing, is there any FBSO activity in Silver Creek? This year and because of lack of MLS listings or lack of supply in general, I’m seeing more FSBO listings in Greater Baton Rouge.

    • Great question Bill. There are no current FSBO’s in here. For some reason I am not seeing as many FSBO’s in general as I have seen in the past. It may be because the market is so crazy and the FSBO sellers can’t get a handle on what they should price it at. That however is where a pre-listing appraisal would come in handy.

  2. Nice, Tom. I always like to see what is happening in the Birmingham area. It sounds like REALLY sparse inventory right now.

    • Yes Ryan, within this subdivision there is low inventory, however the general Alabaster area has pretty good supply for these garden home style homes.

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