August 2011 Market Statistics for Homes Sold in Vestavia Hills AL

Look at that! The Asking price is down, but the sales price is up. Just another reason to price responsibly! :)

You always do such a great job letting folks in and around Birmingham, Jefferson and Shelby Counties know what's going on in their local Real Estate market. Well done Ann!

Ann, The year-over-year market comparison of homes sold in Vestavia Hills is impressive.  Sales are up; days on market are down; and the percent gap between list price and sales price has decreased. The price range suggests that there is something for everyone in Vestavia Hills. 

It looks like sellers in your market are pricing their homes more realistically this year, based on your market conditions. 

Great snapshot of the what's happenin' now in your area's real estate market, Ann!  Your numbers seem indicative of what is going on around many areas of the country.  Values a little lower than last year, but taking a little less time to sell, as homebuyers are taking advantage of the opportunities available to them.

I agree with Myrl - the report look very familiar to our market.  Nice presentation and easy to assimilate. (Love the white mansion in the bottom photo.)

Ann, it does seem that buyers are getting off the fence and taking advantage of the 40-year low mortgage rates. Prices, too, have come down, I see, much the same in our area in and around Philadelphia and northern Delaware.

Ann, of course you know your market better than I, but those stats look pretty good from where I sit.  Good talking to you today.

This is great news for your community.  I'm glad to see the values are stablizing and sales are increasing. :) Gail