In July 2009, CNN Money magazine ranked Alabaster Alabama as #85 on the 100 best places to live in the US. The city is also one of the fastest growing - increasing its size by 60% over the last ten years.
What is the Real Estate market like in Alabaster, Alabama? There were only 29 closed sales in Alabaster in November 2009. This was down from an average of 44 sales per month in the preceding 4 months and a high of 52 sales in May. A big part of this could be considered the seasonal slowdown typically seen in November. There were only 24 sales in November 2008.
The average days on the market for sold homes was 117, with an average sales price of $161,798. The average home sold for 96.69% of the asking price. Sales ranged from $68,000 for a 3 Bedroom, 1.5 Bath home built in 1963 on 12th St NW, to $283,000 for a 4 Bedroom, 3.5 Bath in Grande View. Currently there are 337 properties on the market in Alabaster, Alabama.
There are several new home subdivisions along HWY 119. At this time last year, there were several new homes completed and available for sale. New construction had virtually stopped with builder inventory seeing huge price reductions. Most of this inventory has been sold as we see less than 50 of the 337 homes on the market are new construction.
If you would like to see what property is for sale in Alabaster, you can search the web by clicking here. Under the location tab scroll down and check Alabaster. You will see all the hot properties available for sale. If you would like to Buy a Home in Alabaster, let me know, I'd be happy to help.
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