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 - in the last 10 years, Alabaster has increased its size by 60%.
What is the Real Estate market like in Alabaster, Alabama? There were 28 closed sales in Alabaster in December 2009. This was down from 29 in November and dead even with a year ago (Alabaster saw 28 homes close last December). 
The average days on the market for sold homes was 112, with an average sales price of $157,267. The average home sold for 95.53% of the asking price. Sales ranged from $73,000 for a 2 Bedroom, 1 Bath home on 13th St. to $290,400 for this 4 Bedroom, 2 Full plus 2 half Baths with a pool on 3 acres in Windy Oaks. Now today it is raining and 50 degrees, but boy, next August That pool will be FABULOUS.
A review of 2009 when compared to 2008 shows:
476 Homes SOLD in 2009 vs 510 in 2008
Total Dollar Volume was $75,722,499 in 2009 vs 92,887,374 in 2008
Average sales price was $159,080 in 2009 vs $164,950 in 2008
Median Sold price was $150,000 in 2009 vs $164,950 in 2008
Average Days On The Market for Sold homes was 86 in 2008 vs 99 for 2009
Inventory in the past 2 years has been consistent with 300 + properties available to choose from at any given time. Inventory topped out at 387 homes for sale in July 2008 - currently there are 343 homes on the market.
If you would like to see which homes are for sale in Alabaster, you can search the web by clicking here. Under "Location" scroll down to choose Alabaster. If you have any questions or would like to Buy a Home in Alabaster, let me know, I'd be happy to help.
Comments (0)Subscribe to CommentsComment