Homes of huntsville, huntsville al mls, huntsville houses

Homes of HUntsville; National home prices have posted some of their strongest gains this year in nearly six years.
September 12th, 2012 6:32 PM
Source; Realtor Magazine
Housing Progresses, But Has it Recovered? Daily Real Estate News Tuesday, September 11, 2012
Home prices have posted some of their strongest gains this year in nearly six years. But while prices have likely hit bottom, the public shouldn’t confuse that with a full recovery. A lot more still has to happen to get to that point, analysts say. For one, inventories of homes for-sale need to reach more normal levels. The number of homes for sale are at an eight-year lows, The Wall Street Journal reports. Prices are rising in many areas but it’s because “there are more buyers chasing fewer homes and fewer distressed homes, such as foreclosures,” The Wall Street Journal reports. Also, millions of home owners are underwater, owing more on their mortgage than their home is currently worth, which is preventing them from trading up and moving to a new home. Home prices have been increasing at the fastest rate in markets that have some of the highest number of underwater home owners because so few homes are for sale, according to The Wall Street Journal. “While low inventories have helped firm up prices, they could also soon lead to year-over-year declines in sales volumes because there aren't enough homes on the market to sustain the current sales pace,” The Wall Street Journal reports. Other challenges the housing market still faces on its road to recovery include the stringent lending standards that are preventing many potential buyers from qualifying for a loan. Also, a large overhang of distressed mortgages has the potential to cause foreclosures to rise. Furthermore, if high unemployment across the country continues, it will putoff rising home prices. Source: “Housing on Mend, but Full Recovery Is Far Off,” The Wall Street Journal (Sept. 9, 2012) Huntsville Houses We can assist you in finding area houses that will meet your needs and price range.You can search the entire Huntsville MLS for houses on your own without having to register.
Source; Realtor Magazine
Number of Improving Housing Markets Grows Daily Real Estate News Tuesday, September 11, 2012 The number of metro areas showing signs of real estate market improvement expand in September, rising from 80 to 99 metro areas, according to the National Association of Home Builders/First American Improving Markets Index. "This solid growth is an encouraging sign that housing continues on a slow but steady recovery path that is gradually advancing from one local market to the next," says Barry Rutenberg, chairman of the National Association of Home Builders. The index identifies metro areas that have shown improvement in housing permits, employment, and home prices for at least six consecutive months. This month, the markets added to the list include Tucson, Ariz., Jacksonville, Fla., Springfield, Ill., Greenville, N.C., and Bend, Ore., among others. "More metros across the country are experiencing a sustained uptick in house prices, employment, and new building activity as rising consumer confidence in local market conditions pushes more people to consider a new-home purchase," says NAHB Chief Economist David Crowe. Huntsville AL MLS

########
NAHB/First American Improving Markets Index (IMI)
Permits
Growth
Prices
Growth
Employment
Growth
Trough
From
Trough
From
Trough
From
MSA
Date
Trough
Date
Trough
Date
Trough
1
Fayetteville, AR
04/30/09
3.3%
03/31/11
6.5%
09/30/09
4.9%
2
Jonesboro, AR
02/28/11
2.0%
01/31/10
4.8%
06/30/09
2.3%
3
Little Rock, AR*
04/30/11
2.8%
02/28/11
1.6%
02/28/10
1.6%
4
Phoenix, AZ
03/31/09
4.3%
06/30/11
13.6%
09/30/10
4.3%
5
Prescott, AZ
08/31/10
6.1%
06/30/11
5.7%
11/30/11
2.1%
6
Tucson, AZ*
06/30/11
5.1%
09/30/11
3.7%
06/30/11
1.0%
7
Yuma, AZ*
08/31/11
6.3%
09/30/11
2.5%
12/31/11
1.9%
8
Hanford, CA
08/31/11
16.0%
07/31/11
2.3%
12/31/10
8.6%
9
Sacramento, CA*
06/30/11
7.1%
10/31/11
2.4%
07/31/11
2.8%
10
Boulder, CO
11/30/09
11.0%
01/31/11
4.6%
03/31/10
6.3%
11
Fort Collins, CO*
03/31/09
6.5%
12/31/10
5.6%
09/30/09
5.1%
12
Greeley, CO*
01/31/09
2.3%
02/28/11
8.4%
12/31/09
6.5%
13
Washington, DC
01/31/09
1.1%
01/31/11
2.5%
02/28/10
3.8%
14
Cape Coral, FL
03/31/09
4.6%
02/28/11
12.7%
01/31/10
3.9%
15
Crestview, FL*
03/31/09
2.7%
05/31/11
4.3%
03/31/10
3.6%
16
Deltona, FL
04/30/09
1.1%
03/31/11
10.2%
12/31/10
1.0%
17
Jacksonville, FL*
04/30/09
1.7%
01/31/11
0.2%
03/31/10
1.9%
18
Lakeland, FL*
01/31/11
3.1%
06/30/11
0.3%
01/31/12
1.9%
19
Miami, FL
04/30/09
4.3%
09/30/11
5.6%
01/31/10
2.8%
20
North Port, FL
05/31/09
5.0%
03/31/11
2.9%
12/31/10
1.6%
21
Orlando, FL
05/31/09
3.6%
04/30/11
3.3%
12/31/09
3.2%
22
Palm Bay, FL
04/30/09
2.0%
04/30/11
6.4%
12/31/11
1.3%
23
Pensacola, FL
05/31/09
2.9%
05/31/11
3.1%
12/31/09
2.2%
24
Punta Gorda, FL*
01/31/09
1.2%
02/28/11
5.2%
06/30/09
5.5%
25
Sebastian, FL*
10/31/09
2.1%
10/31/11
13.4%
02/28/10
2.3%
26
Tampa, FL
02/28/09
2.1%
03/31/11
8.2%
01/31/10
4.3%
27
Ames, IA
07/31/10
3.8%
02/28/11
2.3%
01/31/10
7.3%
28
Des Moines, IA*
02/28/09
3.7%
12/31/10
1.1%
08/31/10
2.2%
29
Iowa City, IA
05/31/10
3.5%
01/31/10
0.6%
12/31/09
2.5%
30
Sioux City, IA*
12/31/08
2.1%
05/31/11
1.2%
06/30/11
4.2%
31
Boise City, ID
03/31/09
3.9%
04/30/11
8.4%
06/30/10
3.9%
32
Springfield, IL*
01/31/12
0.5%
11/30/10
1.6%
04/30/09
1.4%
33
Bloomington, IN
09/30/11
4.6%
12/31/10
6.8%
12/31/08
2.5%
34
Columbus, IN
01/31/10
4.8%
08/31/11
3.6%
07/31/09
20.6%
35
Evansville, IN
03/31/09
1.8%
04/30/11
1.4%
07/31/09
4.2%
36
Muncie, IN
04/30/11
5.4%
02/28/10
2.2%
05/31/11
2.3%
37
Terre Haute, IN
02/28/11
1.1%
08/31/11
2.4%
12/31/11
1.9%
38
Houma, LA
03/31/10
1.8%
07/31/11
2.2%
06/30/11
7.2%
39
Lafayette, LA*
02/28/09
1.6%
10/31/11
1.5%
01/31/10
14.2%
40
Monroe, LA
03/31/09
2.2%
05/31/10
2.2%
09/30/09
0.8%
41
Barnstable Town, MA*
04/30/11
2.1%
06/30/11
1.4%
08/31/11
3.9%
42
Bay City, MI
08/31/10
3.5%
02/28/11
6.5%
07/31/09
3.6%
43
Detroit, MI
04/30/09
8.2%
03/31/11
6.5%
06/30/09
5.5%
44
Grand Rapids, MI
04/30/09
2.0%
02/28/11
5.8%
07/31/09
6.8%
45
Jackson, MI*
11/30/11
13.1%
02/28/11
3.2%
03/31/10
6.4%
46
Monroe, MI
03/31/09
1.9%
02/28/11
8.5%
10/31/09
4.1%
47
St. Cloud, MN
11/30/11
4.0%
03/31/11
1.0%
02/28/10
6.2%
48
Columbia, MO
11/30/08
1.9%
01/31/11
2.5%
08/31/09
3.6%
49
Jefferson City, MO
09/30/10
2.1%
04/30/11
2.5%
03/31/11
1.2%
50
Joplin, MO
12/31/10
6.5%
02/28/11
7.0%
01/31/10
7.3%
51
Kansas City, MO
03/31/09
3.2%
02/28/11
3.7%
03/31/10
1.9%
52
St. Joseph, MO
02/28/10
0.4%
03/31/11
7.2%
01/31/10
10.3%
53
Jackson, MS
03/31/09
2.1%
01/31/11
2.6%
01/31/10
2.2%
54
Greenville, NC*
08/31/10
2.5%
02/28/11
0.9%
08/31/11
1.2%
55
Jacksonville, NC
01/31/09
2.2%
09/30/11
1.4%
12/31/07
3.9%
56
Bismarck, ND
03/31/09
18.9%
01/31/10
15.2%
12/31/07
11.8%
57
Fargo, ND
04/30/09
3.9%
03/31/11
2.1%
04/30/09
7.5%
58
Grand Forks, ND
03/31/09
3.7%
12/31/10
8.8%
04/30/09
3.0%
59
Lincoln, NE
12/31/08
1.8%
01/31/11
2.5%
12/31/09
3.9%
60
Vineland, NJ
06/30/11
1.6%
03/31/11
2.9%
06/30/11
1.4%
61
Syracuse, NY
08/31/11
2.5%
02/28/11
1.9%
08/31/10
0.9%
62
Utica, NY*
12/31/11
7.9%
11/30/10
1.7%
08/31/11
2.6%
63
Canton, OH
11/30/11
9.3%
01/31/11
6.0%
10/31/09
8.0%
64
Columbus, OH
07/31/11
3.4%
02/28/11
4.7%
12/31/09
4.4%
65
Sandusky, OH
10/31/09
1.7%
03/31/11
5.1%
12/31/09
8.8%
66
Springfield, OH
01/31/11
6.8%
02/28/11
2.2%
01/31/10
5.2%
67
Lawton, OK*
01/31/12
4.3%
10/31/11
3.0%
12/31/11
1.0%
68
Tulsa, OK
02/28/11
2.0%
02/28/11
4.6%
02/28/11
3.4%
69
Bend, OR*
02/28/09
4.4%
06/30/11
1.1%
06/30/11
0.5%
70
Altoona, PA*
01/31/12
47.4%
05/31/10
3.5%
02/28/10
0.2%
71
Erie, PA
04/30/11
8.0%
02/28/11
1.4%
01/31/10
9.9%
72
Pittsburgh, PA
02/28/09
1.8%
01/31/10
5.7%
02/28/10
4.9%
73
Greenville, SC
09/30/10
3.0%
12/31/10
1.9%
09/30/09
3.6%
74
Rapid City, SD*
11/30/11
7.9%
03/31/11
1.4%
02/28/10
2.5%
75
Clarksville, TN
05/31/08
0.9%
02/28/11
2.3%
03/31/09
5.7%
76
Cleveland, TN*
01/31/09
0.8%
11/30/10
2.9%
01/31/12
2.9%
77
Knoxville, TN
10/31/11
2.0%
02/28/11
2.5%
08/31/09
6.7%
78
Amarillo, TX*
10/31/08
1.3%
11/30/10
0.8%
04/30/10
5.7%
79
Austin, TX
07/31/11
4.3%
01/31/11
6.5%
09/30/09
8.0%
80
College Station, TX*
10/31/10
2.6%
09/30/10
2.7%
01/31/08
6.4%
81
Dallas, TX
03/31/09
1.6%
02/28/11
4.7%
12/31/09
5.4%
82
Houston, TX
04/30/09
1.3%
08/31/11
6.6%
12/31/09
7.5%
83
Laredo, TX
12/31/08
1.1%
04/30/10
5.8%
09/30/09
9.6%
84
Lubbock, TX
09/30/11
7.0%
09/30/11
0.9%
09/30/10
4.4%
85
McAllen, TX
01/31/09
0.6%
11/30/10
1.5%
12/31/07
4.8%
86
Midland, TX
04/30/09
3.9%
01/31/10
19.3%
08/31/09
18.9%
87
Odessa, TX
02/28/09
19.8%
10/31/10
11.3%
08/31/09
23.9%
88
San Angelo, TX
12/31/10
3.4%
04/30/11
10.2%
06/30/09
7.1%
89
San Antonio, TX
04/30/11
1.3%
12/31/10
4.6%
09/30/09
4.2%
90
Texarkana, TX
08/31/11
14.6%
01/31/10
0.6%
10/31/09
8.6%
91
Victoria, TX
09/30/10
5.0%
02/28/11
11.9%
11/30/09
5.6%
92
Waco, TX*
04/30/09
1.7%
01/31/10
3.9%
01/31/12
1.8%
93
St. George, UT
03/31/09
4.1%
05/31/11
7.2%
12/31/09
3.3%
94
Charlottesville, VA*
04/30/09
0.2%
08/31/11
0.3%
01/31/10
4.2%
95
Kennewick, WA*
03/31/09
3.0%
10/31/11
2.9%
12/31/07
8.5%
96
Mount Vernon, WA*
11/30/11
5.7%
10/31/11
0.6%
02/28/10
2.1%
97
Huntington, WV*
01/31/09
2.1%
03/31/10
6.8%
06/30/11
2.0%
98
Casper, WY
06/30/11
8.9%
01/31/10
4.4%
12/31/09
10.5%
99
Cheyenne, WY
12/31/08
3.6%
11/30/10
4.9%
01/31/10
5.3%
* New this month
DROPPED this month
Gadsden, AL
Dover, DE
Hinesville, GA
Rome, GA
Warner Robins, GA
Bowling Green, KY
Springfield, MA
Saginaw, MI
Burlington, NC
Goldsboro, NC
Florence, SC
Parkersburg, WV

Notice for 2013 HAAR Huntsville AL MLS Director Nominations The Nominating Committee of the Huntsville Area Association of REALTORS will meet on Tuesday, October 4, 2012 from 1:30PM - 2:30PM (directly following the membership meeting) so that members may appear before them to offer nominations. More info to follow. HAAR Bylaws Article XI. Officers and Directors, Section 5A. - Election of Officers and Directors. Please contact Sid Pugh, Nominating Committee Chair (Sid@pughgroup.com) or Christina Hearne at HAAR (Christina@hbrmls.com) if you have any questions regarding this notice. There are 7 Director positions to be filled. Below are your Directors serving through 2013: Cindy Allen Lori Carter Betty Hughes Steven Lamar Zelda Lanza Clif Miller Michael Rosenblum Robert Simons Rod Weaver Ex Officio (2 Past presidents): Valerie Miles Bill Ward

5 Strong Performing Housing Markets Daily Real Estate News Tuesday, September 11, 2012 Several real estate markets are showing signs of recovery, with median home prices and sales rising. But which homes of Huntsville markets are showing some of the strongest signs of recovery? 24/7 Wall St. recently evaluated home price changes for the year ending in July, foreclosure data, the unemployment rate, and other factors to help determine which housing markets are performing some of the strongest. The states that emerged on top of the list are: 1. Arizona Home price change in the last year year: +16.6% Median home price: $248,229 2. Idaho Home price change in the last year: +10% Median home price: $85,000 3. Utah Home price change in the last year: +9.3% Median home price: $129,000 4. South Dakota Home price change in the last year: +8.3% Median home price: $101,700 5. Colorado Home price change in the last year: +7.3% Median home price: $240,000

Homes of Huntsville; HUntsville AL MLS

Investment homes of Huntsville; In general my preference for investment property is single family homes that will rent in the $800 - $1300 range, located in neighborhoods with good schools and with consistent appreciation.
September 9th, 2012 8:54 PM

In general my preference for investment property is single family homes of huntsvillethat will rent in the $800 - $1300 range, located in neighborhoods with good schools and with consistent appreciation. While the cash flow of single family homes is not what multifamily properties advertise (often they cash flow on paper and in theory only) single family properties are much more liquid, have better appreciation and are much easier to manage.
The link below is to all the available multifamily properties in the Huntsville area. On a quick review, I see the same old properties that are usually posted but not selling. Most are in horrible areas where it is impossible to find decent tenants. The others are grossly overpriced. There are a few properties listed that we managed several years ago and dropped management of because it was so difficult to find decent tenants and the owners refused to maintain the properties. Most decent multifamily property either never reach the MLS or sell very quickly. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4719206457 I do know of one unique multifamily property on Montesano Mountain, just east of our downtown and medical districts. It is not on the market but the owners would sell. We picked up management of the property three years ago. It has out of area owners and had been poorly managed by a local realtor for several years. There were serious maintanance issues and the rents were grossly under market levels. Over time we have taken care of the deferred maintenance and raised rents to market levels. We put the units on the market for sale last year and they went under contract in the remarkably short time of two weeks. The purchaser did his inspections and we waited for over 60 days for the appraisal. The appraiser used comparables from areas that were very bad, unsafe neighborhoods and not at all realistic comparisons. The appraisal came in extremely low. The buyers agent wanted us to drop the price to the appraised amount and became very angry when seller refused. The particular realtor that was representing the buyer has a very poor reputation for honest business practice and my belief is that she influenced the appraisal. The sellers were frustrated because we had taken the property off market for so long waiting on the purchaser and decided to wait until market conditions improved to re-list the property. The link below is to the old listing. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4719206477 These are older units. We are adding central heat and air to one unit but the rest have wall heaters and widow air conditioners. The location is excellent, in a highly sought after area with excellent schools. If the property does interest you, we can provide more detail. The owners will probably take a good bit less than the list price. Right now Huntsville is still in a decidedly buyers market. There is far too much available inventory and some builders are struggling. I am aware do a few builders that have gone out of business. Our market is however showing signs of recovery and as the 4,700 projected new military jobs begin to be filled starting this spring and summer, our market will become more balanced. Since you have the wherewithal to pay cash for properties, you will be at a distinct additional advantage in negotiations. Once you acquire properties, you might consider taking out mortgages on them and reinvesting the loan proceeds into additional properties. Financing costs and lender requirements on "refinance" loans are much less than that of acquisition loans. Leveraging is a powerful wealth building tool. As mentioned in my first email, Madison followed by select areas of west Huntsville and northeast Madison County are my favorite areas to direct investors.Since you are just starting to get your bearings in the Huntsville real estate market, a review of areas to consider might be in order. Prospective tenants (and prospective buyers on an eventual resale) will consider the commute time to their work, the quality of the schools and then the quality of the neighborhood and the amenities of the specific property. Most of our area's larger employers that will grow from the incoming jobs with BRAC, are located on Redstone Arsenal in the southwest quadrant of Huntsville and immediately to the north of Redstone Arsenal in Cummings Research Park. Just west of Redstone Arsenal is the Huntsville International Airport. There are a few employers with campuses adjacent to the airport. The airport has two runways, both aligned south to north so properties in the flight path should be avoided.
Areas that are close to this concentration of employers are Madison and parts of west Huntsville. There are neighborhoods located in the city of Huntsville just west of Redstone Arsenal that have very good long term growth records and future growth potential. There is a lot of growth in this area of upscale homes. The schools in the area had seen some decline but there is a new school in the final stages of construction that will serve the area. I have spoken with parents of children who attend the school and they are happy with it. Another area I like is close-in northeast Madison County. I-565 goes to the edge of Huntsville to this area. There are plans to extend the interstate another 3 miles, eliminating traffic lights that are now at the end of the interstate. There are also plans for a large shopping, restaurant and entertainment complex at the edge if the city near the interstate. Site preparation had already been done for the complex when the economy took a downturn and the construction projects were delayed. The schools are good in this area and there is a lot of residential and retail growth. Commutes are moderate. The area also has a natural beauty with open space, mountains, rivers and lakes. Our family moved from the city two years ago to this area and we have been very pleased with the area.
The link below is to available properties in the Huntsville AL MLS in Madison that might be prospects. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4719206509 Using the Collinwood neighborhood as an example again. The link below is to recent Huntsville AL MLS rental data. All of the properties are managed by our firm. You will see that rents are in the $1,100 to $1,250 range. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4719213240 The link below is to Homes of Huntsville for sale in the area just west of Redstone Arsenal. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4719213614 The link below is to candidate properties in northeast Madison County. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4719213632 If you are at the point of being ready to focus in on a particular area or price range please let me know. I can start to send properties for you to review. Once we start to focus in on a particular property we will provide a market analysis, listing history and estimated rental values. We can make an onsite visit and provide our impressions of the and forward additional, detailed photos. Will you be able to make visit to view the properties? If you like, we can provide references of out of state investor clients. We have several on the west coast and one who is still in Hawaii I believe .
On 114 BURWELLSPRING; Here are the comps. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4718964979 The average sold price was $87 psf with a range of $83 to almost $90 psf. The average days on market was very high for our market at 198 days. Part of the high DOM might be new construction posted at the start of construction. At the average sold price of $87 psf you house would be at around $154,000. At a sale of $154,000 and assuming standard broker fees, costs, a possible $1,500 seller contribution to purchaser closing costs and a possible $500 in repairs after home inspection, you would net around $142,000. This assumes your taxes are escrowed.

Homes of huntsville, huntsville al mls

Homes of Huntsville; Huntsville MLS research
September 1st, 2012 3:40 PM

The link below is to a summary of all Huntsville AL MLS activity in the neighborhood since 08/01/11. It does include frame homes in the older part of the neighborhood that aren't the best comparison. All three of the sales were of the older frame homes. The average sold price was $95 per square foot with a range of $52 to $94 per square foot. There are two pending sales; 110 MOLLY BETTE DRIVE is an older house and was listed at $44 per square foot. It went on the market on 05/03/12 and went under contract in just four days on 05/07/12. The house wasn't a foreclosure. Even if it was in poor condition, someone got a great deal. 120 LISA MICHELLE DRIVE is a better comparison, it was listed at $98 per square foot. We won't know the sales price on these houses until after closing. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7122216306078


The link below is to the listing where the current owner bought the house in 2009 for $124,000 / $93 per square foot. His break even point on a sale assuming he paid $3,000 of a purchaser's closing costs would be in the $133,000 / $99 per square foot range. While the owner may have an interest in selling,

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711632358406091

The link below is to all the 3+ bedroom 2+ bath listings of homes of Huntsville I could find in south Huntsville from $80,000 to $110,000. There were several listings in SANDHURST PARK, AUTUMN RIDGE and GREEN COVE MEADOWS. Some homes in these three adjacent neighborhoods are well maintained but others are not. It's hard to say if the the neighborhood is in decline or not. As best I can tell it's a relatively stable neighborhood considering what real estate in general has been doing.

Click on the photos for more pictures and on the address' for a map of the approximate location. At the top right of the map, click in hybrid for a satellite image. (The icon may not be on the exact house.)

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71163060925845846

The Huntsville homes for sale at 110 CAMERON ROAD and 11223 SUN CREST DRIVE caught my eye. We Would have to be VERY cautious on The home at 11223 SUN CREST DRIVE, the sloped lot and hillside location will make it prone to foundation and water runoff problems as well as elevated radon levels.

110 CAMERON ROAD is a bank owned house and has been on the market since just 08/29/12. The link below is to the listing where is sold in 2002 for $117,000.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116306112584573

The link below is to a summary of MLS activity in the neighborhood, HAYS LAND ESTATES since 08/01/11. At $45 per square foot the house seems to be aggressively priced.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711630611268545

The link below is to the Google satellite image and street view of the house. Zoom out a bit and you can see it's about 500' from Memorial Parkway and on the main entry to the neighborhood. Its located behind Mikes Merchandise and Haysland Square shopping center with just one house in-between. There will be some traffic on the street and traffic noise from the Parkway.

https://maps.google.com/maps?q=110+CAMERON+ROAD,+HUNTSVILLE,+AL+35802&hl=en&ll=34.65013,-86.569553&spn=0.000509,0.001318&hnear=110+Cameron+Rd+SW,+Huntsville,+Alabama+35802&t=h&z=20


11223 SUN CREST DRIVE has been on the market since 04/26/12. It was listed at $129,800 originally and has had two price reductions to the present $89,900. The link below is to the listing where the current owner bought the house as a foreclosure at $54,000 / $33 per square foot on 12/16/2011. From just the photos it's hard to tell but it doesn't look like the seller did anything to the interior since his purchase. The patio with curbs does look new and was probably build for rainwater diversion. Again we would need to be vary careful to have the house inspected for foundation problems and elevated radon.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711630610258458


The link below is to the Google street view of the house.

https://maps.google.com/maps?q=11223+SUNCREST+DRIVE,+HUNTSVILLE,+AL+35803&hl=en&ll=34.635847,-86.555585&spn=0.000004,0.002637&hnear=11223+Suncrest+Dr+SE,+Huntsville,+Madison,+Alabama+35803&t=h&z=19&layer=c&cbll=34.635824,-86.55562&panoid=C2Qby6TfoWj1OIw1tOiZ6w&cbp=12,73.63,,0,0

The link below is to the Google satellite image. The house is across the street from the A icon.

https://maps.google.com/maps?q=11223+SUNCREST+DRIVE,+HUNTSVILLE,+AL+35803&hl=en&ll=34.635865,-86.555614&spn=0.001017,0.002637&sll=34.635823,-86.55562&sspn=0.001026,0.002637&t=h&hnear=11223+Suncrest+Dr+SE,+Huntsville,+Madison,+Alabama+35803&z=19
116078
The link below is to the listing where the current owner bought the house in 2009 for $124,000 / $93 per square foot. His break even point on a sale assuming he paid $3,000 of a purchaser's closing costs would be in the $133,000 / $99 per square foot range. While the owner may have an interest in selling, I don't think he would be willing to take a loss. I will let you know what he says. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711630235846091 The link below is to all the 3+ bedroom 2+ bath listings I could find in south Huntsville from $80,000 to $110,000. There were several listings in SANDHURST PARK, AUTUMN RIDGE and GREEN COVE MEADOWS. Some homes in these three adjacent neighborhoods are well maintained but others are not. It's hard to say if the the neighborhood is in decline or not. As best I can tell it's a relatively stable neighborhood considering what real estate in general has been doing. Click on the photos for more pictures and on the address' for a map of the approximate location. At the top right of the map, click in hybrid for a satellite image. (The icon may not be on the exact house.) http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71163235806096 The homes at 110 CAMERON ROAD and 11223 SUN CREST DRIVE caught my eye. We Would have to be VERY cautious on The home at 11223 SUN CREST DRIVE, the sloped lot and hillside location will make it prone to foundation and water runoff problems as well as elevated radon levels. 110 CAMERON ROAD is a bank owned house and has been on the market since just 08/29/12. The link below is to the listing where is sold in 2002 for $117,000. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116306113 The link below is to a summary of MLS activity in the neighborhood, HAYS LAND ESTATES since 08/01/11. At $45 per square foot the house seems to be aggressively priced. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116323506115 The link below is to the Google satellite image and street view of the house. Zoom out a bit and you can see it's about 500' from Memorial Parkway and on the main entry to the neighborhood. Its located behind Mikes Merchandise and Haysland Square shopping center with just one house in-between. There will be some traffic on the street and traffic noise from the Parkway. https://maps.google.com/maps?q=110+CAMERON+ROAD,+HUNTSVILLE,+AL+35802&hl=en&ll=34.65013,-86.569553&spn=0.000509,0.001318&hnear=110+Cameron+Rd+SW,+Huntsville,+Alabama+35802&t=h&z=20 11223 SUN CREST DRIVE has been on the market since 04/26/12. It was listed at $129,800 originally and has had two price reductions to the present $89,900. The link below is to the listing where the current owner bought the house as a foreclosure at $54,000 / $33 per square foot on 12/16/2011. From just the photos it's hard to tell but it doesn't look like the seller did anything to the interior since his purchase. The patio with curbs does look new and was probably build for rainwater diversion. Again we would need to be vary careful to have the house inspected for foundation problems and elevated radon. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116235306108 The link below is to the Google street view of the house. https://maps.google.com/maps?q=11223+SUNCREST+DRIVE,+HUNTSVILLE,+AL+35803&hl=en&ll=34.635847,-86.555585&spn=0.000004,0.002637&hnear=11223+Suncrest+Dr+SE,+Huntsville,+Madison,+Alabama+35803&t=h&z=19&layer=c&cbll=34.635824,-86.55562&panoid=C2Qby6TfoWj1OIw1tOiZ6w&cbp=12,73.63,,0,0 The link below is to the Google satellite image. The house is across the street from the A icon. https://maps.google.com/maps?q=11223+SUNCREST+DRIVE,+HUNTSVILLE,+AL+35803&hl=en&ll=34.635865,-86.555614&spn=0.001017,0.002637&sll=34.635823,-86.55562&sspn=0.001026,0.002637&t=h&hnear=11223+Suncrest+Dr+SE,+Huntsville,+Madison,+Alabama+35803&z=19








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Homes of huntsville inventories remain low

Homes of Huntsville regional inventories remain low
Source; Andrew Waite; Personal Real Estate Investor Magazine
Normally seasonal sales peaks have passed, yet regional inventories are remaining low in the West and Sunbelt cities. The problem is that the institutional buyers have scarfed up many of the homes that qualify as rental properties - typically, less than 15 years old, production-housing units that are economically central or in near-burbia. Inventory is scarce. Specialized buyers with proprietary acquisition strategies like HomeVestors - which rarely visit court steps, bank REOs, short sales or loss mitigation offices for their properties -suddenly have become more valuable to these institutional buyers as they dig out properties that seldom make public listings
Homebuyers and money center institutions that traditionally had held residential real estate in low esteem as assets, are making an about-face. They no longer believe the data doom peddlers. Even Oliver Chang, an author of Morgan Stanley's "2011 Housing 2.0 - The Rental Paradigm," launched a fund in August 2012. Huntsville Alabama Homes For Sale Using the public huntsville mls (valley mls) can be difficult. Just let us know what type of homes of huntsvillefor sale in huntsville you are looking for and we can search the Huntsville AL MLS for you. We can also set up an automated search.
As inventory gets scarce, the days-on-market indicator drops and prices rise. Our Altos sample shows days-on-market has contracted further and prices show a minor price uptick, or at minimum, flat to positive in markets where there is a better-than-average economy and more plentiful work - even though the overall economy is staggering in Northern states, adding to a new Southern and Western population shift. California taxes and growing lifestyle costs are shifting financially mobile populations and businesses to states like Nevada, Utah, Arizona and Texas, pushing these trends harder. These institutional and individual rental owners are ready to serve these new arrivals with attractive properties. It is clear that inventory, days-on-market and prices are all being affected by these migratory, economic and housing trends. And we anticipate an increase in inventory; homebuilders have started feeling better about themselves. Expect a revival to begin, as the one thing that did not slow down during the Great Recession was population growth. Household creation slowed, but with glimmers of hope and hoped-for change, the members of a generation-on-hold can be expected to climb out of their parents' basements into places of their own. Demographics and simple demand will begin to save us as and will be reflected in the Altos data trends earlier than in any of the big-name forecasters. As Freddie and Queen reminded Investors..."we are (or at least can be) the champions" in this market of rich opportunity.