Homes for sale huntsville Huntsville Alabama Real Estate

Good to hear from you and I hope the family are all doing well. 

XXX Sunnyfield is 1,730 sf 
XXX Jarrett is 1,740 sf

The link below is to a summary of MLS activity in the neighborhood of comparable homes since 04/01/10.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=

The average sold price was $92 psf with a range of $82 to $102 psf. The average days on market were modest at a range of 15 to 175 days on market.

At the average psf sold price the houses would be $159,000 and $160,00. We could reasonably expect a sale at these prices within 70 days. The lower the price, the sooner we could expect to sell although it's hard to set a lineal relation, there are too many variables.

The transaction costs to sell, assuming $3,000 in seller paid closing costs and a $480 seller paid home warranty will be in the $13,709 range.

I have the short sale listing at XXX, we are under contract and have the clear to close from lender. Rather than ding the neighborhood sales averages, since I represent both seller and buyer we added. " Listing agent to show property as withdrawn rather than show the sales price in MLS." The short sale was a result of seller's financial situation and not the house or neighborhood. I wanted to keep the sales price confidential and not hurt the average sales price in the neighborhood.

We are actually pretty bullish on Huntsville's real estate market. Overall there has been a consistent improvement in sales of Huntsville real estate and BRAC ,while a little behind schedule, is still a matter of law requiring literally an act of congress to stop. Many people moving into the are are not able to purchase because of credit issues or because the own a house elsewhere that they are not able to sell. Our rentals usually go quickly especially from March to early August.

I agree about the Obama administration's attitude towards missile defense but as the midterm elections showed, America is is angry and moving hard to the right. Come 2012 I don't believe the Obama administration will be a factor.

If you were to decide to sell we can first contact our tenants. If they have the interest and wherewithal to purchase we can cut the brokers fees if we don't have to pay two realtors.

Please let me know how you want to proceed.

Best Regards,

Philip Winburn
256.797.4570
philipwinburn@mchsi.com
www.HuntsvilleRealty.Net

Philip,

As I'm sure you've seen, it's a great buying opportunity for investors in many parts of the country. Simultaneously, we're concerned about Obama's lack of support for missile defense systems that could impact Huntsville... or at least keep it relatively flat vs. an upside outlook in other areas. As such, we're considering moving our investment to another market.

What would be your estimate of a 30/90/120 day selling price on the homes we have and what are the average days on market for comparables? I understand it might be difficult to comp since these are investment properties vs. regular "retail" homes.

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