With so much media coverage about "the state of the real estate market" being broadcast, I want to start doing a now and then segment to show how the market has changed from one year to the next. Also, I think it's important as a Real Estate Consultant, as a resident, or a future home buyer or seller in the Vestavia Area to know the stats.
November 2007
Listed Properties (during the month): 46
Average Price: $498,615 (Median Price: $359,900)
Price Range: $209,000-$2,750,000
November 2006
Listed Properties (during the month): 52
Average Price: $410,535 (Median Price: $296,250)
Price Range: $187,000-$1,675,000
November 2007
Sold Properties: 23
Average Price: $503,691 (Median Price: $384,500)
Price Range: $180,500-$1,250,000
Average Days on Market: 171 (The seems high! The average DOM for 2007 is still less than 90 days.)
November 2006
Sold Properties: 29
Average Price: $384,152 (Median Price: $315,000)
Price Range: $168,900-$963,230
Average Days on Market: 78
If you would like to be contacted as soon as homes become available in the Vestavia area just let me know, or if you would like to see statistics about other areas, don't hesitate to ask.
To see how much your Vestavia Home may be worth or to search all of the homes for sale in Vestavia and all its communities visit VestaviaHomeSearch.com
Learn more about Vestavia at Vestavia Hills Alabma Real Estate Guide and Community Tour, an earlier post giving a brief history and video of the Vestavia Hills area.
*Note these stats are accurate as of 12/19/07 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.
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