There were 1,537 Madison County & Huntsville foreclosure homes for sale with 122 new foreclosures in May 2010. One in every 1,159 housing units received a foreclosure filing in May. The average sales price of a Madison County AL home was $188,703 and the average foreclosure sales price was $180,632, a $8,071 savings, according to RealtyTrac.com.
Madison County & Huntsville Foreclosure Activity and Home Price Index
The Madison County and Huntsville price appreciation remained level in May with 122 new foreclosure homes.
Madison County AL foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.
Madison County & Huntsville Foreclosure Geographical Comparison
Madison County & Huntsville foreclosure activity was 0.14% lower than national statistics and the same as state figures.
Madison County & Huntsville Foreclosure Activity by Month
Take a look at how Huntsville real estate sales statistics in May compared to April.
Madison County/Huntsville Real Estate Sales Statistics
Huntsville and Madison County saw an increase of 5% in sold listings when compared to April 2010. The average sales price increased by 5% to $195,646. The average price per square foot increased by 5% when compared with April 2010. And the average list price increased by 5%, while homes were on the market an average of 14 days less than April 2010.
Date
Sold Listings
Average List Price
Average Sale Price
Percent SP/LP
Average DOM
Average Price Sqft
May 2010
469
$200,280
$195,646
98.18%
73
$84
Apr 2010
447
$190,874
$186,651
97.28%
87
$80
The increase in sales is a positive. However, much of the increase is a result of the expiring homebuyer tax credit’s as well as seasonal activity. In addition to the increased sales, there has been an increase in the amount of inventory on the market compared to the same time last year. On average, we currently have between a 9-12 months supply of homes currently on the market in all price ranges.
For more information about Huntsville AL real estate, please visit MoveToHuntsville.com or call me at 256-508-0211.
Spacious modular home nestled on a three acre paradise. Boasting both formal living and dining areas with hardwood floors, stone wood burning fireplace and expanded views of mature trees. The cozy den is the perfect place for family gatherings with vaulted ceilings and a wall of windows. You will find plenty of time to relax here. A huge kitchen features an abundance of cabinets and counter space to please the cook in your family. The breakfast area is an awesome place to start your day with panoramic views of nature. Mom and Dad are sure to take pleasure in their master suite including a tiled bathroom and garden tub. The additional two bedrooms are sized generously and share a full bathroom. Grab a comfy chair and head down to the fish pond; it is a place you are sure to want to stay awhile. Step out the on large back deck and bask in the peaceful setting of your new home. A 16×16 storage shed includes a 10×10 screened porch ideal for entertaining rain or shine. An additional detached metal garage is just right for storing lawn equipment and more. Serenity awaits you! Call us today for a private showing. Learn more about 161 Serenity Place and other Huntsville real estate by visiting MoveToHuntsville.com.
“Buyer’s market” means that the buyers have the upper hand; there’s more supply than demand. When it comes to selling your home, it’s safe to say that you’re competing in one of recent history’s toughest real estate markets. This is a true buyer’s market, where supply far outweighs demand. So how do you go about selling your home in these conditions?
Interview Huntsville Real Estate Agents
Don’t pick an agent based on looks. An agent who drives an expensive car may very well just be someone who lives beyond his or her means. Instead, create a list of the top Huntsville real estate agents in the area and interview them. Ask:
About their experiences in selling homes in your area this year and last year – not in years gone by
If, after interviewing, there is more than one with excellent experience and great marketing plans, choose the one you feel most comfortable working with.
You placed your Huntsville home for sale on the market weeks ago, but it seems no one is interested. What you may not realize is that the most desirable, most treasured buyers arrive at your home every day. They may not knock; they may not schedule an appointment; they may even need Map Quest to figure out where you are, but they’re viewing your home.
Buying habits are changing rapidly. More than 70 percent of today’s buyers find the house they want to buy through online resources. Why aren’t they just getting into their cars and coming by for a visit? Because a large part of your potential buyers are looking at your Huntsville home for sale from states away…
The Invaluable Relocation Buyer
You want the relocation buyer. In fact, every seller, every agent and every community wants the relocation buyer. Why? Relocation buyers are those who have to move. They’re incredibly motivated to buy, and the chance of them buying a home in the community is high.
Your Buyer’s Profile
Your relocation buyer is probably an educated professional in his or her field. Relocation buyers usually know exactly what they’re looking for, and aren’t willing to budge much. They’ve commonly moved before and are knowledgeable home buyers.
Installing a new insulated garage door is a simple home improvement project that has many benefits. This simple change adds desirable curb appeal and increases the value of your Huntsville home. The best part is, it also saves energy and tax credits are given to homeowners who install approved garage doors.
Home Improvement Tax Credit
There is a list of manufactures of approved insulated garage doors that make homeowners eligible for a federal tax credit, which is more valuable than a tax deduction. Homeowners who purchase and install one of the garage doors on their Huntsville home in 2009 or 2010 could receive up to a $1,500 federal tax credit. However, this is not a new idea. The legislation to award homeowners for installing specific garage doors was originally passed in 2008. Then, the maximum amount possible for homeowners to receive from the tax credit was $500 or 10 percent of the product’s cost. The new federal stimulus plan put in to action in February 2009 made installing a new garage door even more worth while. The new legislation promises triple the amount the original legislation offered. The maximum federal tax credit is now 30 percent of the product’s cost, or up to a maximum of $1,500.
Saving Energy
Another way installing an insulated garage door can help pay for itself is through energy savings. More than often people find that rooms next to or above the garage are the coldest rooms of the house in the winter and the hottest in the summer. This is because old garage doors that are not insulated allow brisk winter and scorching summer air to flow in to the house. The inefficient garage doors can also allow heated and air conditioned air to escape, like money flying out a window. Installing a new qualified, insulated garage door will help reduce energy bills year round and make your Huntsville home more comfortable.
For many reasons this is a good time for potential home buyers to purchase Huntsville real estate, and the large number of foreclosed homes available holds the promise of bargain prices.
Too good to be true? Perhaps. Buyers of foreclosed property, especially if it has been unoccupied and not maintained for some time, must be acutely aware of possible problems and trouble spots involved in such a sale and may have to realistically face some unpleasant facts. As Vince Mastronardi, president of On-Site Specialty Cleaning and Restoration, observes, “Buyers need to educate themselves about the potential pitfalls of purchasing distressed property. It’s not so much what damage occurred, but the sources of that damage and how long before the problem was addressed.”
A cautious buyer should look for signs which indicate that all is not well with a piece of Huntsville real estate.
1. The presence of mold. Once mold takes hold, it is almost impossible to get rid of. Look for places which have been excessively painted in an attempt to cover up mold.
2. Lack of heat for months in a home not properly winterized. Result? Burst pipes and water damage.
3. Hints of water damage. Peeling, bubbling, or discolored paint may occur as a result of moisture. Other evidence of water damage includes swelling in walls/ceilings, stains, and a musty odor.
Nearly everyone has heard of someone who has bought a fixer-upper or near-foreclosure house, renovated it, and then sold it at a hefty profit. Sound fairly simple and lucrative? Perhaps, but a word of caution: Don’t quit your day job just yet!
Those who earn an income, either part-time or full-time, by flipping Huntsville AL real estate, caution would-be flippers to understand the basics before beginning such a venture, they definitely need to:
Assess their financial situation
Have time available to renovate the property
Possess good negotiation skills
Have knowledge of what renovation entails and of building codes
Have a practiced eye for evaluating potential value
Do a great deal of research to learn about the industry
Have a good sense of timing
Find trustworthy advisors, such as an agent, a loan officer, and a reliable subcontractor
The prospect of relocating to a new place can be somewhat unsettling as you face emptying your present house and filling up your Huntsville home. Not only must you deal with the onus of packing and the logistics of your physical move, you also find yourself a bit anxious–and possible sad– about leaving a place where you’ve grown comfortable. No wonder so many people dread making a move!
There is, however, a painless way to lessen the angst and allow you to cope well (maybe even enjoy) the relocation process–and that is organization. While you may be proficient at researching and hiring a moving company and finding a reliable Realtor to sell your current residence and help you find the perfect Huntsville home, there are numerous “small” steps you can take to eliminate unpleasant surprises later on and to make the process go more smoothly.
FINANCES: To alleviate any concerns you may have about the financial ramifications of living in a new city, you can compare the cost of living in two places by visiting HomeFair.com. This site will help you calculate how far your salary will go in your new location.
SCHOOLS: HomeFair.com also provides pertinent information about school systems throughout the U.S. Here you can discover student/teacher ratio, instructional costs per pupil, special programs, number of students going on to higher education, etc. You can also Google the board of education in your new city for information.
There were 1,526 Madison County & Huntsville foreclosure homes for sale with 168 new foreclosures in April 2010. 1 in every 842 housing units received a foreclosure filing in April. The average sales price of a Madison County AL home was $186,701 and the average foreclosure sales price was $180,632, a $6,069 savings, according to RealtyTrac.com.
Madison County & Huntsville Foreclosure Activity and Home Price Index
The Madison County and Huntsville price appreciation remained level in April with 168 new foreclosure homes.
Madison County AL foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.
Madison County & Huntsville Foreclosure Geographical Comparison
Madison County & Huntsville foreclosure activity was 0.14% lower than national statistics and 0.01% higher than state figures.
Madison County & Huntsville Foreclosure Activity by Month
The number of Bank-Owned properties increased from 67 in March to 103 in April. The number of Auctions increased from 34 to 65. There is a 6-month rising trend in foreclosure activity.
Are you or someone you know behind on your mortgage payments and facing a Huntsville foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. Give me a call for a private consultation.
Don’t pick an agent based on looks. An agent who drives an expensive car may very well just be someone who lives beyond his or her means. Instead, create a list of the 
Buying habits are changing rapidly. More than 70 percent of today’s buyers find the house they want to buy through online resources. Why aren’t they just getting into their cars and coming by for a visit? Because a large part of your potential buyers are looking at your Huntsville home for sale from states away…
There is 
and trouble spots involved in such a sale and may have to realistically face some unpleasant facts. As Vince Mastronardi, president of 
Those who earn an income, either part-time or full-time, by flipping 
There is, however, a painless way to lessen the angst and allow you to cope well (maybe even enjoy) the relocation process–and that is organization. While you may be proficient at researching and hiring a moving company and finding a 
