Why Buying a Home in Arab, AL Could Be the Ideal Move Right Now

    A variety of communities in Alabama can provide home buyers with the opportunity to find their ideal location at a very good price point. That’s because some areas are seeing home sale prices fall as the market begins to get a bit more competitive. One of the areas you may want to take a close look at when buying a home here is Arab, Alabama. This is a friendly, beautiful place to call home and it offers numerous amenities and features. It also is a buyer’s market and for that reason, many should consider buying a home here.

    Arab, AL Home for Sale with Front Porch Space

    Arab, AL Home for Sale with Front Porch Space | Image Provided by NALMLS

    Which Factors Are Playing a Role?

    The real estate market in Arab has seen a good deal of growth over the last few years, but it is actually declining a bit now. According to data from October of 2016, the median sale price of a home for sale in Arab was $99,500. That price is about 10 percent lower than the same time last year. This shows that conditions are ideal for a home investment now. The average price per square foot sits at $63. This, too is very affordable for the region overall. The median rent per month for Arab is $700 during this timeframe. Compared to the median sale price, rent is still somewhat high. This means home renters really can find a good deal if they wish to buy a home without spending a lot on month to month costs.

    But, are there homes available here? Current stats show about 142 homes are for sale in Arab. That is a sizable inventory for this region, which gives home buyers plenty of options to find the ideal place to buy a home here. About 39 homes are currently foreclosures, pre-foreclosures, or bank owned properties as well.

    To make the most out of this real estate market, those who are considering buying home in Arab, AL should work closely with a local real estate agent. Contact the Amanda Howard team today to discuss Arab, AL properties that could be ideal for you. This could be the ideal opportunity to get a great price on a home in this community and within the area.

    Trackback from your site.

    Leave a Reply

    Categories

    About our blog

    Follow our YouTube Channel and +1 us on Google Plus!


    Equal_Housing

    Archives

    Contact Us Now

    Any questions, comments, or feedback

    Disclaimer: By entering your information and clicking "Continue" you agree to our Terms of Use and Privacy Policy and that you may be contacted by phone, text message and email about your inquiry.