Monthly Archives: October 2009

Late October Alabaster Area Sales Update

home07It’s always interesting to take a look at what’s happening in the real estate market here in the Birmingham and Shelby County area.

Here’s a quick look at market numbers for the Alabaster, Maylene and Saginaw areas, as of 10/25:

Total Homes for Sale:  355

Homes priced from $149,999 or under:  127
Homes priced from $150k-$199,999:  101
Homes priced from $200k-$249,999:  50
Homes priced from $250k-$299,999:  36
Homes priced from $300k-$349,999:  17
Homes priced from $350k-$399,999:  9
Homes priced from $400k-$449,999: 3
Homes priced from $450k-$499,999: 1
Homes priced at $500k or above: 11

Of the homes priced between $150k and $199,999:

-  27 have a full basement;
– 33 have a partial or finished basement;
– 19 have a Master Bedroom on main level;
–  26 are at least one side brick;
-  16 are four sides brick;
–  100 have at least 2 baths;
-  52 have 3 or more baths

Interest rates remain low, lots of Sellers are anxious to work deals, and time is running short if you’re wanting to take advantage of the First Time Home Buyer’s Tax Credit…

David

Source: Birmingham Multiple Listing System

Birmingham Home Sale Prices

How much does it cost to buy a home in the Birmingham/Shelby Co. area?  Here are a few numbers that really show the variety of inventory and pricing currently available.  Remember that these are asking, and not sold, prices:

Alabaster/Maylene/Saginaw
Homes For Sale:  370
Under $150,000:  125
$150,000-$199,999:  111
$200,000-$249,999:  51
$250,000+:  83 just_listed2

Helena/Pelham (Shelby Co.)
Homes For Sale:  502
Under $150,000:   148
$150,000-$199,999:  153
$200,000-$249,999:  72
$250,000+:  129

No. Shelby Co./Hoover
Homes For Sale:  725
Under $150,000:  30
$150,000-$199,999: 41
$200,000-$249,999: 127
$250,000+:  527

Chelsea
Homes For Sale:   287
Under $150,000:   23
$150,000-$199,999:  92
$200,000-$249,999:  53
$250,000+:  119

Calera/Montevallo/Wilton
Homes For Sale:  334
Under $150,000:  203
$150,000-$199,999:   77
$200,000-$249,999:  29
$250,000+:  25

Source:  Birmingham Multiple Listing System

David

Shelby County/Birmingham Area Home Sales Update

Here’s a look at how homes have been selling in the Shelby Co./Birmingham area during the past few months, courtesy of the Birmingham MLS:

Stats - SALES - JUN-SEP 2009

Stats - SALES - JUN-SEP 2009

Stats - DOM - JUN-SEP 2009David

October Interest Rate Update

Some very good interest rates as we kick off October…

30-year fixed rates are still below five percent, and have even dropped some since last week.  15-year loans have also slipped some from last week, and remain well below 4.5%…

David