Home Sale Activity - Oak Mountain Area

By
Real Estate Agent with Coldwell Banker Preferred Properties

Home for SaleThe Oak Mountain area is located in North Shelby County, bordered by Oak Mountain and Double Oak Mountain on the south and the Cahaba River on the North. Many homes have fabulous views and Oak Mountain State park borders many of the properties. The older neighborhoods have large trees and this valley in my opinion is one of the prettiest parts of the state.  

What was the Real Estate Market like in Oak Mountain area during December? There were 64 home sales in December '09.  This was UP slightly from the 57 that closed in November.  Prices ranged from $119,200 for a 2 Bedroom, 2 Bath townhome in Riverwoods to $791,536 for a 5 Bedroom 5.5 Bath in Brook Highland (no million + homes this month). Seven Homes sold in Edenton with prices ranging from $219,000 to $279,500.  Six homes sold in Greystone Legacy with prices from $321,500 to $740,000. The average sales price was $327,750 (up from $301,573 in November) with sold properties getting an average of 94.91% of list (this is lower than other parts of Birmingham metro). Median price came in at $277,565 (up from $250,617 in November). The average days on the market for sold homes at 131. 

How did 2009 compare with 2008?

706 homes SOLD in 2009 vs 823 in 2008

The Dollar Volume of Homes Sold was 20.9M in 2009 vs 21.9M in 2008

The Average Sale Price was $311,940 in 2009 vs $366,292 in 2008

The Median Price was $267,662 in 2009 vs $289,000 in 2008

The Average Days on the Market for Sold Homes was 82 in 2009 vs 110 in 2008

 

 Currently you will find 681 homes for sale in the North Shelby County. If you are looking for a home, the selection is good and prices in the upper bracket have come down considerably.  If you would like to take a look at Homes available For Sale click here.  Under Location look for North Shelby County.  You will see all the homes that are For Sale - Real Time. Let me know if you have any questions.

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Real Estate Market Trends
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Alabama Shelby County
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home sales birmingham al

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Toni Bird

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