There were 15 home sales in Pelham Alabama in February 2009. This was down from a spike to 34 in December, but closer to the 18 that sold in November. The average salesprice was $161,895 which was down from $187,606 in January. Prices have come down in Pelham, but part of the reason for the drop in average salesprice is the fact that only one home over $250,000 sold in February. Typically we see more of the higher priced homes in Ballantrae sell and that brings the average price up. Sales ranged from $110,000 for a 3 bedroom, 2.5 bath townhome in Sommersby to $290,000 for a 4 bedroom, 3 bath in the Laughlin section of Ballantrae. Currently there are 289 properties on the market in Pelham (down from 334 in September). Showing activity has really picked up in the last two weeks and contracts are being written. Pelham home sales in March should jump up. In March 2008 we saw 32 homes close in Pelham, I expect we will see March 2009's number close to that.
Looking for a new home? The internet is a great place to start. Search for a home in Pelham, Alabama or the Greater Birmingham Area at my website www.ToniBird.com.