Helena, Alabama, Home Sales – October, 2008

Are you a numbers fan? If so, here are a few statistics on October, 2008, home sales in Helena (both Jefferson and Shelby counties), taken from the Birmingham MLS that you may find interesting:

Are homes selling? Yep. In Helena, nine homes sold within 30 days during October...

Number of sales during month:  27

Average price: $192,501

Average days on market: 85

Miscellaneous notes:

Lowest price:  $13,000 (38-year-old mobile home on Highway 93)

Highest price:  $350,000 (New four bedroom home in Long Leaf Lake, reduced from $389,900)

Two of the month’s sales were foreclosures, both in Laurel Woods, for $127,100 (on the market for 70 days), and for $120,000 (on the market for 109 days).

22 of the 27 properties sold for 95% of their list price or higher

Fifteen homes sold in 90 days or less

Eleven homes sold in 60 days or less

Nine homes sold in 30 days or less

Longest time on market: 270 days

We plan to publish updates like this from time to time, so you’ll have a snapshot of what’s happening with the real estate market in the Birmingham and Shelby county, Alabama areas. Let us know what you think!

David