Authored by - Michelle Tucker - Fort Rucker Relocation Real Estate Blog
Original Post - www.activerain.com
SEPTEMBER 2008 MARKET REPORT FOR THE WIREGRASS AREA
(including Enterprise, Fort Rucker area, Daleville, Ozark, New Brockton)
Relocating to the FT Rucker or Enterprise area? Will you and your family be buying a home? Starting your search and obtaining as much information you can about the local area is highly recommended. Your search information should not be limited to what is for sale and local places to visit, but should also include an understanding of the market condition, what the housing market has been doing and to determine where the housing market is heading.
Are you relocating out of the Fort Rucker area? Will you need to sell your home in the Enterprise Alabama area? The following housing market statistics will help you price your home properly and guide you on how long it will take to sell your home.
Publishing a monthly market report for the local Real Estate area is a FREE service I provide for the convenience of knowing the market conditions for the Fort Rucker, Enterprise Alabama and the Wiregrass area. Subscribe to the monthly market report to stay informed on the housing inventory trends for the local area (homes for sale and homes sold).
Information source Wiregrass Board of Realtors® MLS (WBMLS)
ONLY RECORDED DATA IN THE WIREGRASS BOARD MLS
HAS BEEN INCLUDED IN INFORMATION BELOW
(For Sale by Owners are usually not included in the MLS data, therefore For Sale by Owners information is not included in the report)
*DOM = Days on Market
|
Sept. |
|
|
Active Listings |
145 |
|
Listing Dollar Volume |
$23,729,822 |
|
Average List Price |
$163,654 |
|
Median List Price |
$149,000 |
In the month of September, the total homes for sale that were entered into the Wiregrass Board MLS was 145 homes. 125 of these homes were single family homes for sale and the average list price was $174,645. 17 Town homes were listed for sale in the Enterprise and surrounding area. The average list price for townhomes for sale was $94,900. There was 1 garden home listed for sale and 2 manufactured homes listed for sale.
|
SOLD |
September |
|
Listings Sold |
73 |
|
Sold Dollar Volume |
$9,019,100 |
|
Average Sold Price |
$123,549 |
|
Median Sold Price |
$113,000 |
|
Average DOM |
128 |
In the Wiregrass area that was 62 single family homes sold in the month of September and the average selling price was $129,131 taking an average of 133 days. 19 town homes were sold at an average selling price of $99,111 with an average 81 days to sell. One of each, garden and manufactured homes were sold in the Wiregrass MLS.
CURRENT CONDITIONS AS OF
October 24, 2008
Acitve Listings: 811 Pending Listings: 91 Subject to lease: 21
The Absorption rate in the Enterprise / Fort Rucker and the surrounding Wiregrass area is 47 weeks or approximately 11 months of inventory if the current conditions remain unchanged and continue to sell at 17 homes/units per week. The absorption rate in Auguts 2008 was 52 weeks, averaging 15 homes/unit sold per week.
An absorption rate is the ability of the real estate market to sell off all of the houses that are for sale in Enterprise / Fort Rucker and the surrounding area of Coffee and Dale County also known as the Wiregrass area.
The Definition of Absorption Rate:
Number of weeks it takes to sell the current inventory at the present rate of sales.
WHAT TYPE OF MARKET ARE WE IN?
Normal Market - Between 5 and 6 months of inventory.
Seller's Market - Between 1 and 4 months of inventory.
Buyer's Market - 7 months and higher.
"Statistics not compiled or published by WBMLS"
Equal Opportunity Housing
All information deemed reliable, but not guaranteed
Links to previous housing market reports:
August 2008 Fort Rucker area / Enterprise / Wiregrass Housing Market Report
July 2008 Fort Rucker area / Enterprise Market Report
June 2008 Fort Rucker area / Enterprise area Market Report
May 2008 Fort Rucker area / Enterprise / Wiregrass area Market Report
COPYRIGHT© 2008 All Rights Reserved – Michelle Tucker
Selling your home in the Enterprise AL area? Do you need assistance with determining the value of your home? Feel free to contact Michelle Tucker by phone at 334-237-2657 and request your FREE Market Analysis with NO OBLIGATIONS.
Are you relocating to the Fort Rucker / Enterprise area? As a Military Spouse Relocation Specialist let Michelle Tucker be your sponsor and help you find your next home for sale or rental home in the FT Rucker area! Contact Michelle Tucker to discuss your future plans, request a free relocation package for the FT Rucker area and to set you up on an email campaign to receive the hot new listings for the Fort Rucker / Enterprise Real Estate Market.
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Enterprise AL / Fort Rucker Real Estate / Daleville AL
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Michelle Tucker / Realty World – SHAP
Fort Rucker Real Estate Relocation Blog
Licensed Realtor in Enterprise Alabama
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