By: Huntsville Real Estate Expert Mike Manosky On August 4, 2010
There were 1,575 Madison County & Huntsville foreclosure homes for sale with 120 new foreclosures in June 2010. One in every 1,179 housing units received a foreclosure filing in June. The average sales price of a Madison County AL home was $192,444 and the average foreclosure sales price was $180,698, a $11,746 savings, according to RealtyTrac.com.
Madison County & Huntsville Foreclosure Activity and Home Price Index
The Madison County and Huntsville price appreciation remained level in June with 120 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
By: Huntsville Real Estate Expert Mike Manosky On June 28, 2010
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
By: Huntsville Real Estate Expert Mike Manosky On June 25, 2010
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.
By: Huntsville Real Estate Expert Mike Manosky On June 1, 2010
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.
By: Huntsville Real Estate Expert Mike Manosky On May 24, 2010
Two top housing economists forecast some encouraging but tempered predictions for the housing market over the next few years during an economic session at the National Association of Realtors® Midyear Legislative Meetings & Expo today.
Top housing economists, Lawrence Yun, NAR chief economist, and Mark Zandi, chief economist and co-founder of Moody’s Economy.com, forecast some encouraging but tempered predictions for the housing market over the next few years. Both agree that job creation is key to an economic and housing recovery, with an improvement in job creation as 2010 progresses. However, they differed somewhat on the impact that foreclosures will have on home price stabilization. Yun expects a slightly stronger demand for housing and a fairly even level of foreclosures. Zandi forecasts an improving demand for housing with foreclosures rising later in 2010 before easing in 2011. Both economists project mortgage interest rates will remain historically low, the availability of jumbo loans will improve and home sales will rise over the next few years.
Take a look at how Huntsville real estate sales statistics in April compared to March.
Madison County/Huntsville Real Estate Sales Statistics
By: Huntsville Real Estate Expert Mike Manosky On March 19, 2010
There were 1,443 Madison County & Huntsville foreclosure homes for sale with 173 new foreclosures in February 2010. 1 in every 817 housing units received a foreclosure filing in February. The average sales price of a Madison County AL home was $177,755 and the average foreclosure sales price was $146,741, a $31,104 savings, according to RealtyTrac.com.
Madison County & Huntsville Foreclosure Activity and Home Price Index
The Madison County and Huntsville price appreciation dropped 1.01% in February with 173 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 0.12% lower than national statistics and 0,01% higher than state figures.
Madison County & Huntsville Foreclosure Activity by Month
By: Huntsville Real Estate Expert Mike Manosky On February 26, 2010
There were 1,476 Madison County & Huntsville foreclosure homes for sale with 70 new foreclosures in January 2010. 1 in every 1,974 housing units received a foreclosure filing in January. The average sales price of a Madison County AL home was $195,766 and the average foreclosure sales price was $166,282, a $29,485 savings, according to RealtyTrac.com.
Madison County & Huntsville Foreclosure Activity and Home Price Index
The Madison County and Huntsville price appreciation dropped 0.04% in January with 70 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.
By: Huntsville Real Estate Expert Mike Manosky On February 19, 2010
Home sales surged in the fourth quarter of 2009 with many areas seeing double digit gains according to the National Association of Realtors. Total existing-home sales (single-family and condo) jumped 13.9 percent above the third quarter and 27.2 percent above the fourth quarter of 2008. Distressed property sales accounted for 32 percent of the fourth quarter transactions, down from 37 percent from 2008.
Lawrence Yun , NAR chief economist, said the first-time home buyer tax credit, combined with record low interest rates, played a dominant role in fourth quarter sales. Yun went on to say, “With inventory levels trending down over the past 18 months, we expect broadly balanced housing market conditions in much of the country by late spring with more areas showing higher prices.”
Take a look at how Huntsville real estate sales statistics in January 2010 compared to January 2009.
Madison County/Huntsville Real Estate Sales Statistics
Huntsville and Madison County saw a decrease of 14% in sold listings when compared to January 2009. The average sales price decreased by 7% to $189,639. The average price per square foot decreased by 1% when compared with January 2009. And the average list price decreased by 7%, while homes were on the market an average of 12 days less than January 2009.
Date
Sold Listings
Average List Price
Average Sale Price
Percent SP/LP
Average DOM
Average Price Sqft
Jan 2010
220
$195,999
$189,639
96.89%
84
$85
Jan 2009
256
$210,712
$204,312
97.21%
96
$84
For more information about Huntsville real estate, please visit MoveToHuntsville.com or call me at 256-508-0211.
By: Huntsville Real Estate Expert Mike Manosky On January 20, 2010
Huntsville Real Estate For Sale: 136 Medicine Bend Drive Madison, AL 35758
MLS#317275
Paradise is here and you have arrived. Come take a look inside this amazing ranch with your own private oasis. The one of a kind floor plan makes for enjoyable family living and easy entertaining. From the moment you enter into the tiled foyer you will see that this specially designed home has something for everyone. Step down into the great room with wood floors, gas fireplace and a wall of windows that brings the lovely outdoors in. An awesome designer kitchen features wood floors, vaulted ceilings, smooth top range, dazzling window, and an abundance of cabinet space. A beautiful gas fireplace adds ambience to both the sitting area and the great room. In addition to the formal dining room, there is a charming eat-in kitchen area with two picture windows. Need a place to call your own? Check out the sitting room, perfect for a home office as the view is endless. The master suite boasts an 11 foot trey ceiling, dual vanities, walk-in closet, whirlpool tub and separate shower. The additional bedrooms are sized perfectly for guests or a growing family. Relax on your covered patio and enjoy your retreat’s lush landscaping. Summertime is a blast with the inviting supersized pool with waterfall. The tree lined property has no neighbors behind and is fenced for extra privacy. Come on out today and start living in paradise!
Learn more about property 136 Medicine Bend and other Huntsville real estate by visiting MoveToHuntsville.com. Search all Huntsville real estate and homes for sale.
By: Huntsville Real Estate Expert Mike Manosky On December 18, 2009
Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, increased 3.7 percent to 114.1 from 110.0 in September, and is 31.8 percent above October 2008 when it was 86.6. The rise from a year ago is the biggest annual increase ever recorded for the index, which is at the highest level since March 2006 when it was 115.2.
Lawrence Yun, NAR chief economist, said home sales are experiencing a pendulum swing. “Keep in mind that housing had been underperforming over most of the past year. Based on the demographics of our growing population, existing-home sales should be in the range of 5.5 million to 6.0 million annually, but we were well below the 5-million mark before the home buyer tax credit stimulus,” he said. “This means the tax credit is helping unleash a pent-up demand from a large pool of financially qualified renters, much more than borrowing sales from the future.
Let’s look at November Madison County/Huntsville real estate sales to see how the housing recovery is progressing locally.
Madison County/Huntsville Real Estate Sales Statistics
Madison County and Huntsville real estate saw a decrease of 8% in sold listings in November when compared to October 2009. The average sales price increased by 3% to $188,818. The average price per square foot increased by 10% when compared with October 2009. And the average list price increased by 3%. While homes were on the market an average of 5 days less than October 2009
Date
Sold Listings
Average List Price
Average Sale Price
Percent SP/LP
Average DOM
Average Price Sqft
Nov 2009
444
$192,493
$188,818
97.92%
63
$84
Oct 2009
485
$187,527
$183,594
98.29%
68
$76
For more information about Huntsville real estate, please visit MoveToHuntsville.com or call me at 256-508-0211.
