Homes for sale in Huntsville AL; Huntsville AL MLS news.
Saturday, August 6, 2011
Homes for sale in Huntsville; Troubleshooting homes that won't sell
Homes for sale in Huntsville ; Troubleshooting a homes for sale in Huntsville listing that’s not selling.
Tags: Homes for sale in Huntsville
The link below is to MLS activity in the neighborhood since 01/01/09. The average sold price was $100 psf with a range of $91 to $124 psf. The house is listed at $113 psf, within the sales range but well above the average sold price. The average days on market were high at 136 days. There was however a huge range 13 to 396 days. Less encouraging is that there are eight other competing active listings with an average list price of $105 psf.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7113203911
We can troubleshoot Homes for sale in Huntsville listings by gauging showing activity. In our current market and in you price range we should consistently be seeing 1 – 2 showings per week. If showing activity is consistently lower, the property is priced above what the market will bear. If showing activity is good but there are no or very low offers, there is some reason the house is not showing well or there is some negative near the house. It looks like the former list price of $350,000 the house was at your break even price on a sale. At the current $339,000 you would take a loss of around $10,000.
There are a couple of options I can reccomend. The first is to offer the house as a lease purchase. We have used this successfully as a marketing tool and sold a house in your neighborhood that was on a less desirable lot. We were in a tough market then as well and other houses in the neighborhood weren’t selling. The builder had the house on the market for over a year with another firm.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7113203924
The link below is to the broad strokes of a lease purchase transaction.
http://www.huntsville-homes.com/LeaseOptionLeasePurchaseforSellers
Another option is to offer the house concurrently for rent while it is listed for sale and as a lease purchase. The link below is to rental listings in your neighborhood. Three of them are properties we manage or managed before they sold. While there is an ebb and flow in the rental market, in the six months you indicated you need to sell within, it will be April and the rental market will have started to heat up again. I expect that you house would rent in the $1,795 range.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7113203942
The link below is to a summary of our property management services and fees.
http://www.huntsville-homes.com/PropertyManagement
Thursday, August 4, 2011
Homes for sale in Huntsville; Still selling in a slow market

Tags: homes for sale in Huntsville, Huntsville Alabama homes for sale
While our market is still slow there are still people looking for homes for sale in Huntsville. There are newcomers moving to Huntsville for jobs and we are still selling houses.
In the past 13 months there was only one sale of a brick home in the Stavemill neighborhood. Please see the link below.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4718778923
The property sold at $95 psf (per square foot) in just 34 days. The property seemed to be in good condition and would show well.
The link below is to active listings and sales of properties in the entire city of Madison that are similar in size, age and construction as your house. Having to look outside your immediate neighborhood is less accurate but will help us develop a market range.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4718778924
The average sold price was $89 psf with a range of $43 to $102 psf. The average days on market were 69 days with a range of 8 to 297 days on market.
Using the one Stavemill neighborhood sale as a base point of $95 psf and the highest sale of $102 psf would establish a rough market range. Looking closer at the two $100+ psf sales;
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4718778928
Both properties are in neighborhoods that are a little newer and have homes that are a bit more upscale that Stavemill Estates.Depending on how well your property shows, we could list in the $97 to $103 psf range. ($137,000 to $145,000) To sell in the higher range, we would need to really wow buyers.
http://www.huntsville-homes.com/PRESENTATION
While past performance doesn’t guarantee future trends, it is a good indication of how we can expect the neighborhood to appreciate long term. Unless you have a need to sell or are burned out on being a landlord, my counsel would be to continue to hold the property.
If you have children, you may consider gifting a portion of the property to them each year while staying within the IRS annual gift limits. Their tax basis on the property would be the market value of the property at the time of gifting. If the children are minors, you can have custodial control of the property. Since you gave the property away, you wouldnt have to pay the capital gains on profit ot recovery of depreciation. I’m not a tax advisor so get counsel before setting up gifting.
For additional information on Huntsville Alabama Homes for sale and how those moving to Huntsville might view the area and for availabe homes for sale go to http://www.huntsville-homes.com/Huntsville-houses-for-sale Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville.Huntsville AL MLS homes for sale real estate. Search the Huntsville MLS and request automated real estate search.
Homes for sale in Huntsville; While our market is still slow there are still people looking for homes for sale in Huntsville.
Homes for sale in Huntsville / Madison distressed homes
XXXXXXXat the link below has been on the market since 06/21/11. The last MLS record on the house was 04/28/04 when it sold to purchaser "Daniels" for $189,000 / $77 per square foot (psf). http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7589424851 I would have to check the courthouse records to see if purchaser "Daniels" is who lost the house in foreclosure.
The link below is to a summary of MLS activity in the neighborhood since 08/01/10. The average sold price was $87 psf with a range of $71 to $93 psf.. The subject property is listed at $77 psf, below the average sold price but well above the lowest sale. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114572558 The only other four bedroom foreclosure I found in Madison was an older home that I don't think would appeal to you. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114572596
The link below is to a short sale listing where the seller is asking his lender to let the house sell for less than the loan amount. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114572599 The link below is to a house that may be a candidate for you. It appears to be well priced. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114572615
Many people start their search for homes for sale in Huntsville is Madison. Madison is a great area with good schools. It is near Research Park and Redstone Arsenal. I wouldn't limit your search to just Madison however, the information at the link below may help as you start your property search. http://www.huntsville-homes.com/AreyounewtoHuntsville The link below is to listings in other areas of Huntsville / Madison County that may be candidates for you. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114572628Huntsville Alabama Homes for sale http://www.huntsville-homes.com/Huntsville-houses-for-sale Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville.Huntsville AL MLS homes for sale real estate. Search the Huntsville MLS and request automated real estate search
Keywords; Homes for sale in Huntsville, Huntsville Alabama homes for sale
Homes for sale in Huntsville; Market values in Monrovia
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4719135035
The average sold price was $47 psf (per square foot) with a range of $23 to $66 psf. The average days on market were high at 152 days. There are 5 active listings with an average list price of $59 psf and a range of $39 to $85 psf. There were 6 houses that didn’t sell.
If a house is in good condition and shows well, we usually list in a range from the average sold price to just above the highest sales price. Just based on that rule of thumb we would be in the $47 psf to $66 psf range. At 1,700 square feet we would be in the $79,000 to $110,000 range. Since your house is one of the largest in the neighborhood we might need to list in the lower end of the range.
To help you keep current with MLS activity in your area, we have set up automated notification of new listings or changes to existing listings that may be comparable to your property. If you prefer not to receive the emails, just unsubscribe at the link at the bottom of each email.
Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville.Huntsville AL MLS homes for sale real estate. Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville.Huntsville AL MLS homes for sale real estate. Search the Huntsville MLS and request automated real estate search. Huntsville Homes For SaleHuntsville alabama mls search, automated real estate search, homevalue and real estate market updates, huntsville alabama area rental homes, property management. Search the Huntsville MLS and request automated real estate search. Huntsville Homes For Sale Huntsville alabama mls search, automated real estate search, homevalue and real estate market updates, huntsville alabama area rental homes, property management.
Thank you for your response. I am afraid we will have a hard time getting a good price for our house. It is on 2 lots and has a large garage in the back that you can fit 6 cars in. With a 6 foot privacy fence around the back. Also we enclosed the attached oversized two car garage and it can be used as an apartment or MIL suite. We are planning on putting hardwood throughout except for the kitchen we will be putting ceramic tile in there. The yard needs landscaping and the porch needs painting. Plus a few odd and end repairs. I love the house and the location it is so convenient to everything. We just had a little girl 17months ago and I will NOT allow her to go to school in that school district so we have about 4 years to see what the market and the area are going to do. I am interested in seeing what is going to happen now that the mission is gone. IF we were offered the right price we would sell for sure. Again thank you for your time and if you hear of anything going on in the area please let me know.
We are posted on our website and Craig’s list. Over the next few days the listing will migrate to 12 additional real estate related sites.
Please le me know if you get to be in the market for homes for sale in Huntsville again. The local market is starting to firm up a bit but we are still in a buyer’s market. I know of several houses that aren’t on the market, are tenant occupied and where the owner would sell.
Tags; Homes for sale in Huntsville, Huntsville homes for sale
The link below is to MLS activity in the area in the past 12 months.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4719135035
The average sold price was $47 psf (per square foot) with a range of $23 to $66 psf. The average days on market were high at 152 days. There are 5 active listings with an average list price of $59 psf and a range of $39 to $85 psf. There were 6 houses that didn’t sell.
If a house is in good condition and shows well, we usually list in a range from the average sold price to just above the highest sales price. Just based on that rule of thumb we would be in the $47 psf to $66 psf range. At 1,700 square feet we would be in the $79,000 to $110,000 range. Since your house is one of the largest in the neighborhood we might need to list in the lower end of the range.
To help you keep current with MLS activity in your area, we have set up automated notification of new listings or changes to existing listings that may be comparable to your property. If you prefer not to receive the emails, just unsubscribe at the link at the bottom of each email.
Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville.Huntsville AL MLS homes for sale real estate. Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville.Huntsville AL MLS homes for sale real estate. Search the Huntsville MLS and request automated real estate search. Huntsville Homes For SaleHuntsville alabama mls search, automated real estate search, homevalue and real estate market updates, huntsville alabama area rental homes, property management. Search the Huntsville MLS and request automated real estate search. Huntsville Homes For Sale Huntsville alabama mls search, automated real estate search, homevalue and real estate market updates, huntsville alabama area rental homes, property management.
Thank you for your response. I am afraid we will have a hard time getting a good price for our house. It is on 2 lots and has a large garage in the back that you can fit 6 cars in. With a 6 foot privacy fence around the back. Also we enclosed the attached oversized two car garage and it can be used as an apartment or MIL suite. We are planning on putting hardwood throughout except for the kitchen we will be putting ceramic tile in there. The yard needs landscaping and the porch needs painting. Plus a few odd and end repairs. I love the house and the location it is so convenient to everything. We just had a little girl 17months ago and I will NOT allow her to go to school in that school district so we have about 4 years to see what the market and the area are going to do. I am interested in seeing what is going to happen now that the mission is gone. IF we were offered the right price we would sell for sure. Again thank you for your time and if you hear of anything going on in the area please let me know.
We are posted on our website and Craig’s list. Over the next few days the listing will migrate to 12 additional real estate related sites.
Please le me know if you get to be in the market for homes for sale in Huntsville again. The local market is starting to firm up a bit but we are still in a buyer’s market. I know of several houses that aren’t on the market, are tenant occupied and where the owner would sell.
Tags; Homes for sale in Huntsville, Huntsville homes for sale, Homes for sale in Huntsville; Monrovia market values
Wednesday, August 3, 2011
Huntsville homes for sale; Thankful client
Homes for sale in Huntsville; Thankful client
Phil,
I wanted to say hello and thank you again for helping us find our dream home!
Everything is falling into place and most rooms are complete with the exception of the office. We put the chandelier you gave us in the dining room and it gives just the right touch! You’re gonna have to stop by and see how the house is shaping up. I hope everything is well on your end. Take care!
~JC
Philip’s comments; Real estate has been very good to our family. We couldn’t ask for a more stable, thriving business but this type of appreciation from our clients is what gives us real satisfaction. When cleints first move to Huntsville they often dont know where to start serching for homes for sale in Huntsville. We can listen to their needs and wants and help them find the perfect fit for them. There are hundreds of available Huntsville Homes For Sale the choices can be overwhelming.
Huntsville homes for sale; North Huntsville market values
Tags: huntsville homes for sale
Huntsville homes for sale; Market values north Huntsville
Please click on the first link below. This is to a Google Maps photo of what I think is your house. If this is the correct house, the photo helps give us a better idea of what your house is like.
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=1502+club+view,+35816&sll=34.740378,-86.600139&sspn=0.479604,0.903625&g=huntsville,+al&ie=UTF8&ll=34.745104,-86.621447&spn=0.007493,0.014119&z=16&iwloc=addr&layer=c&cbll=34.745026,-86.621379&panoid=7DGRF27UW4omTyQi8TrRMw&cbp=12,443.959137888608,,0,5
The link below is to Multiple Listing Service (MLS) activity of properties in the same general area as your since 1/1/08. We included properties in the University Elementary School district so there are a few on the south side of University Drive.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4719092076
There were six sold houses. The average sold price was $53 psf (per square foot) with a range of $22 to $66 psf. The average days on market was 99 days, pretty low considering the economic slow down last year. The range was 2 to 233 days.
There are four active listings averaging $68 psf and one contingent sale that was listed at $52 psf. There was one listing at $76 psf that expired and didn’t sell.
Generally, we list houses in a range from the average sold price ($53 psf) to just above the highest sold price ($66 psf) while staying within the range of the active (competing) listings. Just based on that information, we would be in the $53 to $68 psf range. At 1,800 square feet in your house that would be around $100,000 to $120,000.
Where in that fairly wide range to list the house would depend on several things; How quickly would you like to sell, what is the condition of the property and how well does it show to prospective buyers and how does the surrounding neighborhood look?
The link below is to a primer on selling property. We cant emphasize enough how important a property’s appearance is in selling. Some work and a few hundred dollars spent getting a house ready to sell always pays off in a faster, higher sale.
http://www.huntsville-homes.com/LookingtoSell
To help you keep current with MLS activity of Huntsville homes for sale in your area, we have set up automated notification of new listings or changes to existing listings that may be comparable to your property. If you prefer not to receive the emails, just unsubscribe at the link at the bottom of each email.
I hope this information is helpful and don’t hesitate to contact us if we can assist in any way. Huntsville Homes For SaleHuntsville alabama mls search, automated real estate search, homevalue and real estate market updates, huntsville alabama area rental homes, property management.
Tuesday, August 2, 2011
Cute Huntsville rental near Redstone Arsenal
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