Which Shelby County subdivisions have the most new construction?

Which Shelby County subdivisions have the most new construction?

On a national level we hear about the housing market being so good but as we all know real estate is location specific so it really doesn’t do us much good to look at these broad statistics. One reason I write my blog is to discuss the real estate market on a local level because that is going to be more relevant for buyers and sellers in the Birmingham, Al area.

Tom Brander, who writes a local real estate market trends blog, wrote that pricing pressures and low inventory levels provide a good environment for builders yet he is still not seeing a significant level of  new home building.   With that being said I was curious to find out which Shelby County subdivisions have had the most new construction over the past 12 month period, starting in August of 2014 through August of 2015, so today we’ll look at the top 10 neighborhoods for new construction in Shelby County. By the way, these statistics have been taken from the Birmingham Multiple Listing Service as of August 30, 2015.

Top 10 neighborhoods for new home sales

Kirkman Preserve
City: Hoover
High School: Spain Park High School
Average Price: $445,500
Number of sales: 84

Hillsboro
City: Helena
High School: Helena High School
Average Price: $271,000
Number of sales: 53

Old Cahaba
City: Helena
High School: Helena High School
Average Price: $213,000
Number of sales: 50

Ballantrae
City: Pelham
High School: Pelham High School
Average Price: $313,000
Number of sales: 39

Chelsea Park
City: Chelsea
High School: Chelsea High School
Average Price: $263,000
Number of sales: 29

Grey Oaks
City: Pelham
High School: Pelham High School
Average Price: $334,000
Number of sales: 27

The Village at Highland Lakes
City: Chelsea
High School: Chelsea High School
Average Price: $432,000
Number of sales: 20

Chelsea Station
City: Chelsea
High School: Chelsea High School
Average Price: $271,000
Number of sales: 16

Southfield Gardens
City: Alabaster
High School: Thompson High School
Average Price: $159,000
Number of sales: 16

Timberline
City: Calera
High School: Calera High School
Average Price: $213,000
Number of sales: 16

Overall in Shelby County we have seen an increase of approximately 6% in new home sales in the first 8 months of 2015 over last year. At the current time there are approximately 343 existing new homes, proposed homes and new homes under construction available for sale in Shelby County.

Question

If you’re local I’d like to hear your thoughts on where new construction is occurring in Shelby County. For those not local, how is new home sales activity in your area? As always, thanks for reading.

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