There were 1,572 Madison County & Huntsville foreclosure homes for sale with 100 new foreclosures in July 2010. One in every 1,415 housing units received a foreclosure filing in July. The average sales price of a Madison County AL home was $210,690 and the average foreclosure sales price was $180,698, a $29,992 savings, according to RealtyTrac.com.
Madison County & Huntsville Foreclosure Activity and Home Price Index
The Madison County and Huntsville price appreciation remained level in July with 100 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
The magazine, which gives an account of Huntsville’s and Redstone Arsenal’s growth, includes interviews with several families who have relocated here as a result of the 2005 Base Realignment and Closure Commission’s shift of nearly 5,000 federal jobs from the Washington area to Redstone.
In the article, Ethan Hadley, the vice president of economic development with the Huntsville/Madison County Chamber of Commerce, calls the 2005 BRAC the “largest economic development announcement in Alabama history,” with thousands of new, high-paying federal jobs coming to Huntsville. BRAC has resulted in a $500 million construction boom for new federal facilities, according to the article, and significant contractor expansion at Cummings Research Park is accompanying the new government activity.
The BRAC transition is also putting stress on military organizations overwhelmed by expanding missions, according to the article. The Army Materiel Command is moving its entire headquarters from Fort Belvoir, Va., to Redstone, the magazine states, “just as its work force handles some of the most complex logistical operations in recent history – withdrawing an array of equipment from Iraq and deploying more to Afghanistan.”
Katherine Peters, the reporter who wrote the “New Federal City” article, visited Huntsville in June and talked with several members of incoming BRAC commands and other business leaders.
The Huntsville Madison County Builders Association first annual Home & Outdoor Living Expo, featuring 83 exhibitors, takes place this weekend and is something you ‘do-it-yourselfers’ won’t want to miss. The Expo runs from Friday, August 27 through Sunday, August 29, 2010 at Von Braun Center’s South Hall. Admission is $5.00 per person and kids are free.
The focus of the Expo will be on home products, decorating, landscaping, building products and outdoor living products. With Fall right around the corner, consumers will find helpful tips on weatherizing your home, outdoor living spaces, fall landscaping, interior design ideas and many other home products and services that can be used in and outside your home.
Don’t forget to save time to attend one of the many seminars on how to reduce your winter energy usage, fun and easy outdoor cooking, how to select a builder and more!
The U.S. Space & Rocket Center’s “Star Wars: Where Science Meets Imagination” exhibit has been named the 2010 Alabama Event of the Year by the Alabama Tourism Department.
The exhibit debuted at the U.S. Space & Rocket Center June 25 and runs through Sept. 6. It features more than 80 props and costumes from all six “Star Wars” movies. More than 60,000 people have visited since the opening of the exhibit. If you are a Star Wars fanatic you won’t want to miss it!
Summer is almost over and come mid-august the kids are bored and looking for something different to do. Huntsville has lots of fun activities to offer restless families. Take a look at Go! Magazine’s list of “25 Things You Must Do in Huntsville Before the End of 2010.” 1. White barbecue
Head over to Gibson’s Bar-B-Q on South Memorial Parkway and eat a plate of barbecued chicken drenched in white sauce.
2. Big cave
See the world’s largest cave opening at Cathedral Caverns State Park in Grant. The cave is one of Alabama’s most beautiful natural wonders.
3. Lost luggage OK, it’s not in Huntsville, but take a drive to Scottsboro and check out the world-famous Unclaimed Baggage Center. You may find that Polaroid camera you lost in 1978.
4. Bravo! The Huntsville Symphony Orchestra is one of this city’s treasures. For more than 50 years, the orchestra has been wowing audiences. Don’t miss it.
5. 4th and long
In Alabama, football is religion. Praise the pigskin at Milton Frank Stadium and see a game between whichever high school teams are playing.
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
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.
Pending home sales rose sharply in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors®. Contracts signed in February, rose 8.2 percent above February 2009. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, said the improvement is another hopeful sign. “The rise in pending sales may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten. We need a second surge to reduce inventory and stabilize home values.”
Take a look at how Huntsville AL real estate sales statistics in March 2010 compared to March 2009.
Madison County/Huntsville AL Real Estate Sales Statistics
Huntsville and Madison County saw an increase of 40% in sold listings when compared to Feburary 2010. The average sales price decreased by 1% to $177,722. The average price per square foot increased by 3% when compared with Feburary 2010. And the average list price decreased by 1%, while homes were on the market an average of 1 days less than March 2010.
Date
Sold Listings
Average List Price
Average Sale Price
Percent SP/LP
Average DOM
Average Price Sqft
Mar 2010
387
$183,027
$177,722
98.07%
89
$88
Feb 2010
234
$183,834
$178,805
98.54%
90
$85
As Mr. Yun said and these statistics show a second home surge maybe coming this spring, which will help reduce inventory and stabilze home prices. For more information about Huntsville AL real estate, please visit MoveToHuntsville.com or call me at 256-508-0211.
In 2009, Moody’s Economy.com ranked Huntsville an impressive #2 for employment and job growth prospects. Now Huntsville has broken through to the #1 spot of the 378 metropolitan areas reviewed! Auburn-Opelika is ranked second nationally by Moody’s, with Phenix City-Columbus, Ga. (seventh), Mobile (12th) and Montgomery (22nd) also faring well.
To quote from the Moody’s article:
“It’s extremely significant,” Joe Vallely, Huntsville’s economic development director, said Tuesday. “Anytime you get a No. 1 ranking nationwide by a respected firm like that, it’s big. They don’t just give those puppies out.”
An Economist story titled “Alabama’s small cities are poised for recovery,” mentions Cummings Research Park, HudsonAlpha Institute for Biotechnology, AEgis Technologies, which created the three-dimensional models of Vancouver that NBC used in last month’s Olympic broadcasts, and CFD Research, a defense firm researching insect-mounted cameras and glucose-based batteries.
“Eat your heart out, Birmingham,” the article concludes.
Huntsville’s previous Moody’s Economy.com accolades were partly based on the continuing relocation of 4,700 military jobs from suburban Washington. Assistant economist Martin Soler Garcia, who studies the city for Moody’s, could not be reached Tuesday to talk about the latest review.
Vallely said job-growth rankings, which are widely reported in the financial media, can “spur renewed interest” from companies that have flirted with moving to the Rocket City and help validate the decision of those that are already here.
Huntsville has ranked second in Moody’s Economy’s latest report on expected employment growth. Read the Huntsville Times report:
HUNTSVILLE — Huntsville was ranked second out of 387 metro areas – and Mobile was No. 4 – in Moody’s Economy’s latest report on expected employment growth.
The Huntsville economy is beginning to recover from the recession, bolstered by the federal economic stimulus, the increased demand for durable goods and the ongoing relocation of federal and military jobs resulting from the 2005 Base Realignment and Closure Commission decision, according to Martin Soler Garcia, an assistant economist for Moody’s Economy.com.
In his analysis, Garcia predicts employment in Huntsville will grow 2.5 percent this year and 4.3 percent, 4.8 percent and 4.4 percent for the following three years. Personal income will increase by 3.1 percent this year, and grow by 5.4 percent, 7.3 percent and 7.1 percent over the following three years, according to the report.
Garcia forecasts the Huntsville area jobless rate, which in December was 8.1 percent for the Huntsville metro area, which includes Limestone County, will be 9.1 percent this year, then 8.2 percent in 2011, 6.5 percent in 2012 and 5.7 percent in 2013. The Madison County jobless rate was 7.7 percent in December.
Other Alabama communities’ rankings in anticipated employment growth were Auburn-Opelika area, No. 23; Montgomery, 29; Birmingham-Hoover area, 53; and Tuscaloosa, 61.
In the article, Ethan Hadley, the vice president of economic development with the 
runs from Friday, August 27 through Sunday, August 29, 2010 at Von Braun Center’s South Hall. Admission is $5.00 per person and kids are free.
1. White barbecue
To quote from the Moody’s article:
HUNTSVILLE — Huntsville was ranked second out of 387 metro areas – and Mobile was No. 4 – in Moody’s Economy’s latest report on expected employment growth.