Lake Crest Real Estate Market Update in Hoover, AL

Lake Crest housing by the numbers

I recently completed an assignment in the Lake Crest subdivision in Hoover, AL and thought I would share with you some market stats. The data in this chart goes back 5 years and includes current active listings.

Lake Crest is located in Hoover, AL just off of Interstate 459, exit 10. This area is popular due to its convenient location and access to the various locations around the Birmingham metro area. Some other popular neighborhoods in the area are Trace Crossings and Ross Bridge, which has the Renaissance Golf Resort & Spa.

Hoover, AL is the largest suburb around Birmingham and has a population of about 85,000 as of the 2015 Census. It has two high schools, including Hoover High School and Spain Park High School. Two of its largest employers include Blue Cross and Blue Shield as well as Regions Financial.

The following sales and listings in Lake Crest occurred over the past 5 year period:

Lake Crest Home Sales

-14 current listings
-1 listing is priced under $300K
-6 listings priced between $300-400K
-7 listings priced between $400-500K
-1 home has been listed for sale for over 15 months
-13 homes have been listed for sale since February
-2 homes have been listed for sale less than 30 days
-3 homes are currently under contract

Lake Crest Home Sales by Price Range

The current listings are priced within the past sales price range for the neighborhood. Sales price levels within Lake Crest are some of the highest in the area.

Question

If you are reading this, do you live in this neighborhood? What would you say is the is best selling feature for the area?

If you have any questions about Lake Crest leave a comment below, or if you need an appraisal within this neighborhood give me a call and we’ll set up a time to visit your home.

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Comments

  1. Is there much of a price premium for being located on the lake or having a view of the lake? It looks like there could be some lake influence from the map, though it’s hard to see if any properties are actually on the lake.

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