Blog Archives

Alabaster Area Home Sales Rise in August

With summer behind us, here’s a look at home sales trends in the Alabaster, Maylene and Saginaw areas (stats from the Birmingham MLS):

ALABASTER - JAN-AUG 2010 SALES

After taking a dip in June, average sales prices are holding fairly steady:

ALABASTER - JAN-AUG 2010 ASP

How long does it take to get a home sold in these areas? According to the MLS, the time needed is just a little over two months (the shortest it has been all year):

ALABASTER - JAN-AUG 2010 DOM

Right now, 354 conventional single family houses and townhomes are for sale in the Alabaster, Maylene and Saginaw areas. Of those:

289 are priced at or below $250,000;
127 are priced at or below $150,000;
22 are priced at or below $100,000;
338 have 3 or more bedrooms;
170 have 4 or more bedrooms;
29 have 5 or more bedrooms;
113 have pools or access to pools;
5 have 4 or more acres…

Need a loan to buy? Rates right now continue to be among the lowest in history. Qualified borrowers can get a 30-year fixed rate loan for as low as around 4.25%; 15-year fixed rate loans can be found by some borrowers as low as 3.75%. Colleen and I have been able to help a number of first time Buyers say ‘adios’ to renting and move into their first homes with some excellent loans at very low rates.

Needless to say, this continues to be a tremendous time to buy a home … let us know if we can help!

David

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

Birmingham/Shelby County Homes For Sale

Here’s a look at current inventory for the Shelby County and Birmingham areas, as indicated by the Birmingham Multiple Listing Service:

Number of homes available:

Helena & Pelham area (Shelby Co.): 521
Helena & Pelham area (Jefferson Co.): 58
North Shelby/Hoover area (Shelby Co.): 701
Chelsea: 324
Altadena/Cahaba Heights area: 62
Liberty Park/Vestavia area: 446
Alabaster, Maylene & Saginaw area: 372
Calera, Montevallo & Wilton area: 356
Columbiana, Westover & Wilsonville area: 89

Number of homes for sale based on current selling price:

Alabaster, Maylene and Saginaw area:
$150,000-$200,000: 131
$200,000-$300,000: 86

Helena and Pelham areas (Shelby Co.):
$150,000-$200,000: 166
$200,000-$300,000: 124

Helena and Pelham areas (Jefferson Co.):
$150,000-$200,000:   2
$200,000-$300,000:  21

Chelsea:
$150,000-$200,000:  99
$200,000-$300,000: 120

David

Alabaster, Alabama Home Sales – October 2008

Here’s a look at home sales in the Alabaster, Maylene and Saginaw areas of Shelby county during October, 2008 (source: Birmingham Area Multiple Listing Service):

  • Total sales during month: 32
  • Average SOLD price: $158,525
  • Average LISTED price: $165,351
  • Average percent of list price: 95.24%
  • Average Days on market: 108
  • Highest price sale: $494,900 (new, custom, 4/3 brick home in Sterling Gate)
  • As of 11/11/2008, 443 homes were listed for sale in the Alabaster, Maylene and Saginaw areas, and among those were some awesome deals for buyers (one seller cut $20,000 off the price of a one-year old brick four bedroom cul-de-sac home).

    Thirty year fixed and fifteen year fixed rate loans continue to be available at well under six percent for many buyers…

    David