Homes for sale huntsville Huntsville Alabama Real Estate

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It's difficult to estimate market value on a property without having first seen it. So much depends on how well a property shows to prospective buyers. We can however determine a market range by researching recent sales of similar properties in the area.
 
The link below is to a summary of sold properties and expired listings (They didn't sell.) in your neighborhood since 01/01/08. We included only properties that are similar in age as your house.
 
The average sold price was $97 psf (per square foot) with a range of $92 to $97 psf. The average days on market was a little long at 145 days. Having only two sales is really not enough data and both of these properties are on  busy streets making them less attractive to buyers. There were two listings that expired without the properties selling. The average list price was $97 psf. The properties were on the market for 110 days and  135 days.
 
The link below is to a summary active listings, sold properties and expired listings  in the neighborhood since 01/01/08 including properties that are newer than yours.
 
 
The average sold price was a little higher at $99 psf with a range of $92 to $104 psf.  The average days on market was 101 days.
 
There are four active listings at an average of $102 psf and a range of  $98 to $105 psf. The listings have been on market since 6/19/08, 10/14/08, 10/06/08 and 3/10/06 (This is new construction.)
 
There were three expired listings averaging $100 psf.
 
My best estimate is that an eight year old house in your neighborhood would sell in the $97 to $99 psf range. ( $121,000 to $124,000 ). We could expect a sale in 3 to 4 months.
 
If your house showed extremely well, we might be able to push higher on price. We can't overemphasize the importance having a house properly prepared for market and stages to sell. The webpage below tells of some of our experiences in preparing properties for market.
 
 
Since you don't have an urgent need to sell, I would suggest waiting until spring to go on market.  We are expecting the market to heat up this spring and summer. There are a number of new jobs that will be starting to be filled, interest rates are expected to continue to drop and a lot of the fear associated with the national economy should have subsided.
 
The link below is to a primer on selling property.
 
 
To help you keep current with MLS activity in your area, we have set up automated notification of new listings or changes to existing listings that may be comparable to your property. If you prefer not to receive the emails, just unsubscribe at the link at the bottom of each email.
 
I hope this information is helpful and don't hesitate to contact us if we can assist in any way
Posted by Philip Winburn on January 10th, 2009 9:05 PMPost a Comment (0)
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