Forbes.com has ranked Madison County, AL 1 in the latest survey of the Top 10 Affordable Places To Weather The Downturn. Forbes considered factors such as well-priced homes, enviable job growth and proximity to vibrant cities when deciding where the best places are to live in these recessionary times.
Madison County, AL is an easy commuting distance to Huntsville with a population of 312,734.
Last year unemployment reached a 20-year high of 6.5%, but Madison County experienced 3.4% job growth.
Moody’s Economy.com provided an affordability index for each county. A score of 100 indicates that a family earning the median income in the surrounding metropolitan area can afford to buy a median-priced home. The higher the score, the higher the affordability. Madison County’s score was 221.02.
The median property tax is $577 and the per capita income (in 2006 inflation-adjusted dollars is $27,065.
Learn more about Madison County real estate at MoveToHuntsville.com or give us a call, 256-508-0211.
Your friends will be impressed by the remarkable renovation of this 1 story, 2800+ square foot home in the Mountain Brook neighborhood of Madison. This sight to behold includes 4 bedrooms & 2 bathrooms. A dramatic living room with 12 ft. vaulted ceiling welcomes your most distinguished guests and the gracious dining room with stunning Palladium window is ready for your first dinner party. And a casual family room with gas fireplace is ideal for less formal gatherings. The designer kitchen with its granite counters, stainless appliances, tile backsplash, pantry, and breakfast bar is open and family friendly. The Master suite provides the perfect sanctuary at the end of a busy day with a jetted tub, separate shower, dual vanities and tile flooring. A sun room, overlooking a fenced yard is a great place for warm weather entertaining or just THE place to relax with a good book. Additional updates include new paint, carpet, fixtures and roof. This is the ultimate home and ready for you to move right in!
For more information on 119 Montrose Drive in Madison or other Huntsville area real estate, visit MoveToHuntsville.com or give us a call,256-508-0211.
Impress your guests with this 4 bedroom, 3 bath home in the Liberty Park neighborhood of Huntsville in the Hampton Cove area.This gracious home offers an impressive Great Room with gas fireplace that is open and spacious and room for the whole family to relax together. The formal Dining Room is ideal for those special dinner parties with its moldings and wood flooring. The charming kitchen is a cook’s delight with an abundance of cabinets and work space. Included are recessed lighting, work island, pantry, stainless appliances, and tile back splash. the master suite is sure to please with dual sinks, whirlpool tub, separate shower, and whirlpool tub. Additional amenities include hardwood flooring, smooth ceilings, and crown moldings. An extra large covered patio overlooks and extremely large yard…largest in the neighborhood… and a nature preserve, providing all the privacy you could want. This lovely home is ideal for entertaining and relaxed family living!
For more information on 5055 Patriot Park Drive or other Huntsville real estate, visit MoveToHuntsville.com or give us a call, 256-508-0211.
Mark your calendars!! The Alabama Sales Tax Holiday is this weekend, August 1, 2 & 3, giving shoppers the opportunity to purchase certain school supplies, computers, and clothing free of state sales or use tax. Local sales and use tax may apply – see list of participating cities and counties.
Don’t miss out on this opportunity to take advantage of making purchases without having to pay sales tax. It’s a great time for back-to-school shopping!
Only specific items qualify as tax exempt and guidelines must be followed, so click on the details for the information directly from the state.
And for a great deal when buying Alabama real estate, visit my website, www.MoveToHuntsville.com.
Little change is expected in Huntsville AL real estate sales of existing homes over the next few months, before notably improving during the second half of the year, according to the latest forecast by the National Association of Realtors.
Lawrence Yun, NAR Chief Economist, said the market will come into clearer focus this summer.“Existing home sales could start to show a sustained increase within a few months, unless there are some additional economic problems or excessive inflationary pressure,” he said.“The wider access to affordable credit should increase sales activity notably this summer as pent-up demand begins to be met.”
Let’s take a look at the Huntsville and Madison County real estate market activity for this March to see how the spring is looking so far:
Huntsville/Madison County Market Statistics
Although the Huntsville/Madison County real estate market saw a 25% slowdown in sales in March 2008 when compared with March 2007, price increases continued to defy the national trends. The average list price and average sale price were both up 13% over last year, bringing them to $217,300 and $213,598, respectively. Homes were on the market an average of 10 days longer than in 2007, and the average price per square foot increased by $5 to $91/sf. The ratio of sales price to list price remained about the same from last year.
Date
Sold Listings
Average List Price
Average Sale Price
Percent SP/LP
Average DOM
Average Price SqFt
March 2008
422
$217,300
$213,598
98.30%
99
$91
March 2007
563
$188,855
$186,498
98.75%
89
$86
Now is a great time to buy or sell Huntsville AL real estate.To get started looking at homes, please visit MoveToHuntsville.com or search the MLS here.For more personalized service, please call me at 256-508-0211.
Statistics are based on information for the North Alabama Association of Realtors and are deemed reliable but not guaranteed.
Abandon apartment life and enjoy the privacy and comforts of this ranch style 3 bedroom, 2 bath home in the Knox Creek neighborhood of Madison. You’ll relish in a master suite with dual vanities and tile flooring. Entertain in the casual and spacious great room with wood-burning fireplace for cooler evenings. Prepare meals in the cook-friendly kitchen with breakfast bar. And relax on the private patio overlooking the meticulously landscaped and treed backyard surrounded by fencing.
Huntsville Predictor is a website offering a great run-down of the real estate market across Alabama.
The real estate market in Alabama as a state is not expected to slow as much in 2008 as in the rest of the country.
4% increase in appreciation is predicted for Huntsville homes (the second-highest prediction in the state!)
Increasing jobs and industrial construction are predicted to help Huntsville continue to grow.
Northern Alabama is predicted to experience less market slowdown than the rest of the state.
Let’s take a look at the sales statistics for Huntsville in January 2008 to see how the year started off:
Huntsville/Madison County Market Statistics
The Huntsville and Madison County markets experienced a considerable slowdown in activity this January, when compared with January 2007. Sales were down when compared with 2007, but by 26%. Average sale prices, however, increased by 9% with the average home selling for $193,104.
Date
Sold
Listings
Average
List Price
Average
Sale Price
Percent
SP/LP
Average
DOM
Average
Price
SqFt
Jan 2008
327
$197,682
$193,104
97.68%
111
$90
Jan 2007
439
$187,259
$184,246
98.39%
84
$84
If you are planning to buy or sell a home in 2008, or if you want to learn more about Huntsville AL real estate, please contact me at 256-508-0211or visit MoveToHuntsville.com.
To begin searching for Huntsville AL homes, please use my complimentary MLS search. Best wishes for a very happy and prosperous new year!
Statistics are based on information for the North Alabama Association of Realtors and are deemed reliable but not guaranteed.
Average market times increased, with the average home on the market for 111 days vs 84 days in January 2007. The average price per square foot of home went up 6% to $90.
Filed under:
Madison Information — Huntsville Real Estate Expert Mike Manosky
You’ll be impressed with this beautiful 2-story custom brick home in Jacquelynn Downs. This open floor plan delivers 4 bedrooms, including a huge master with double trey ceiling, and 3.5 bathrooms, including the master with dual sinks, makeup vanity, whirlpool tub for relaxing, and separate shower. Entertain company in the welcoming and bright formal living room, or go more casual in the impressive family room with built-in bookcases, gas fireplace and soaring 2-story ceiling and windows. Dinner can be served in the graceful formal dining room with hardwood floors and beautiful custom molding, or in the spacious kitchen with sunny and open breakfast area. Additional features to enjoy include a study, covered front porch, manicured lawn on a treed lot, custom molding throughout, new paint throughout, and new carpets downstairs. At the end of a long day, unwind and enjoy the privacy of the wooden back deck that backs up to trees - not neighbors!
For more information about this home or other Huntsville real estate, visit our website, MoveToHuntsville.com. Interested in knowing the market value of your Huntsville home? Go to HuntsvilleHouseValue.com and your market valuation will be emailed to you.
Filed under:
Madison Information — Huntsville Real Estate Expert Mike Manosky
290 Knox Creek Trail, Madison AL 35757
Relax rain or shine on the covered patio of this well-maintained 4-bedroom, 2 bath, 2,030 single family ranch in Timber Creek. You will enjoy the high ceilings and open space of the great room with gas fireplace for chilly nights. The Spanish Trey Ceilings in the dining room are sure to strike up conversation at your next holiday gathering. The kids will love the eat-in kitchen where they can watch mom prepare their favorite foods, before running off to play in the large fenced backyard. After a long day, retreat to your master suite with high, trey ceilings and enjoy being pampered in you own whirl pool tub. The ‘his and her’ closets are sure to give you plenty of space for all your personal belongings. Dad, no need to go shopping for appliances, as the dishwasher, refrigerator, microwave, washer and dryer are all included. The all brick exterior provides maintenance free living. This home is perfect for a growing family!
For more informaiton on this home or other Madison AL real estate, visit MoveToHuntsville.com or give me a call at 800-239-4749 # 4932. I’m glad to help!
Madison County, AL is an easy commuting distance to Huntsville with a population of 312,734.
Mark your calendars!! The Alabama Sales Tax Holiday is this weekend, August 1, 2 & 3, giving shoppers the opportunity to purchase certain school supplies, computers, and clothing free of state sales or use tax. Local sales and use tax may apply –