Market Report May 19, 2014

    Market Update: AHRE Record Breaking Month for April/ Statewide First Quarter Sales Highest Since 2008

    Great news to share! Amanda Howard Real Estate had a record breaking month in April for real estate closings with 49 transactions! This included 24 buyers (6 new construction) and 19 sellers.

    Statewide, Alabama residential sales for the first quarter gradually continued to improve, with a slight increase compared to the same period last year. Total sales of 9,120 units represent the BEST first quarter since 2008-that’s 6 years!

    First quarter sales in 2014 increased by nearly 10 percent from the most recent 3-year average and close to 13 percent from the 5-year quarterly average.

    We saw 10.4 months of housing supply during this year’s first quarter in 2014. Historical data indicates that this is a decrease of over 20 percent from the 5-year average and over 16 percent from the 3-year average.

    The statewide median sales price during the first quarter was $122,132, which is an increase of over 6 percent from the same quarter in 2013. Historical data indicates that first quarter median price in 2014 increased by 6.4 percent from the most recent 3-year average and 5.3 percent from the 5-year quarterly average.

    As you can see, we are experiencing a healthy real estate market so far this year. Thank you for tuning into Monday Morning Coffee and remember, if you who would like to buy or sell your home-don’t waste any time. Contact us today! Call us at 256-799-9000 or find us online at AmandaHowardRealEstate.com or AmandaHoward.com.

     

    This Week’s Closings, Congratulations!

    Mr. William Bailey
    Mr. and Mrs. Todd Starr
    Mr. and Mrs. Thomas Cohick
    Mr. and Mrs. Nathanael Litter
    Ms. Melissa Cox
    Ms. Mary Lapietra Carey
    Mr and Mrs. Wesley Marsh
    Mr. Justin Rutledge
    Ms. Susan Allen
    Ms. Stephanie Parker
    Mr. and Mrs. Greg Steele
    Mr. and Mrs. Roby Mink
    Mr. John Wells
    Mr. Doug Walker
    Mr. and Mrs. Ralph Neill
    Mr. and Mrs. Marcus Kirby
    Mr. Jay Land
    Mr. and Mrs. Otis Harty
    Mr. Scott Hardiman
    Mr. and Mrs. Kelsey Haynes
    Mr. and Mrs. Corey Sisk

    This Week’s New Listings For Sale:

    21867 Hwy 251 $225,000
    16476 McCulley Mill Road $374,900
    172 Farmington Drive $101,000
    203 Amber Lane $158,000
    2607 Valley Brook Circle $161,000
    16004 Michelle Drive $197,500
    1966 Autumn Creek Drive $599,900
    127 Eastfield Drive $170,000
    311 Eastview $200,000
    5006 Liberty Park Circle $209,995
    6706 Zach Lane $295,000
    3212 Sandstone Street $319,000
    2817 Holiday Drive $75,000
    110 Turney Lane $200,000
    153 Francisco Road $250,000

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