Home Sales in Homewood Alabama Picking Up

By
Real Estate Agent with Coldwell Banker Preferred Properties

Home Sales in Homewood Alabama are HOT again! 

I have a client who is looking for a home in close proximity to downtown Birmingham. The first suburb on the south side of the Magic City is Homewood.  This is the place where you find these cute “cottage” style homes.  Things were tough in Homewood for a couple of years, especially after Ross Bridge started out and people thought they wanted NEW instead of the old charm of the older homes built in the 1920-1940’s. However, after being "on the streets" as it were for the last couple of weeks, I believe things have really turned around.

Now you can look at the dry stats – comparing March 2012 with March 2013.

Home Sale in Homewood Alabama March 2013 vs March 2012Home Sales in Homewood Alabama

   

2012

2013

Number of Sales

39

26

Total Sales Volume

6.2M

9.7M

Average List Price

247,000

264,000

Average Sale Price

238,000

250,000

Median Sale Price

225,000

217,000

Average Days on Market

135

72

 

From this we can definitely see that homes are sellling quicker and the average prices are increasing, but what these numbers DON’T tell you is that there are 21 homes officially in Pending Sale and another 57 that have just gone under contract. We have been looking at the cottages in the under 250 range and 3 of the ones we looked at have gone under contract – just in the last 10 days.  Those contracts could be set to close in April OR May Or even June, but I wouldn’t be surprised if April 2013 numbers really top last year.

This is a good sign for Home Sales in Homewood Alabama.  If you would like info about YOUR neighborhood, let me know.

 

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