Archive for the ‘Birmingham New Homes’ Category

« Older Entries

Tuesday, January 24th, 2012

The Birmingham News reported last week that forecasts from local real estate analysts expect Birmingham's home sales to rise over 7% in 2012. This comes on the heels of other positive real estate news as the National Association of Realtors also reported that nationwide home sales have increased for the 3rd straight month.

Tom Brander, the local real estate analyst who made these initial forecasts, did note that a 7% increase would be a considerable jump over the 2% increase from 2010 to 2011. One factor, he mentions, for the rise in 2012 should be the increased availability of new homes. Builders slowed their projects during 2010 and 2011, but as the foreclosure inventory eventually shrank the basics of supply and demand kicked in. Nearing the end of 2011 builders started taking on more projects again as demand steadily increased. As builders continue with new units the disappearing foreclosure market should help boost both sales and prices, making for a very interesting year.

Tags:
Posted in Birmingham New Homes | Comments Off

Monday, January 23rd, 2012

stk119186rkeDecember marks the third straight month of positive home sales growth nationwide.

According to the National Association of Realtors, nationwide home sales for the year are up nearly 2%, while December alone saw a 5% bump over November. December 2011 also had a 3.6% increase over December 2010. Current mortgage rates,home prices, and a growing job market have finally tempted potential buyers into taking action before the opportunity is missed.

Other signs of the improving market are inventory and homebuilder traffic. Builders have reported more customer traffic and project contracts in the last few months. Available inventory is quickly shrinking as well, down to 2005 levels, which drives up demand and pricing for many communities.

Needless to say, realtors and builders are very excited over the outlook for the 2012 real estate market.

For more information on the new homes for sale at Ross Bridge, contact our friendly sales team today.

Posted in Birmingham New Homes | Comments Off

Sunday, November 13th, 2011

 

The Birmingham Association of Realtors reported late last week that residential sales totaled 803 in this past October, a significant 43% increase over October 2010. Inventory continues to shrink as well, down to 8,778 in October, a big improvement over the 10,422 units available during the same time last year.

Foreclosure sales still make up a large portion of the data, however this marks the 3rd straight month of increasing sales for the region.

At Ross Bridge we have plenty of new homes for sale, all set within our gorgeous and amenity-packed community. Contact us today to speak with our friendly team about the homes available at Ross Bridge!

Posted in Birmingham New Homes | Comments Off

Tuesday, November 8th, 2011

 

The Alabama Center for Real Estate (ACRE) at the University of Alabama released a report on residential sales data in the Birmingham area, comparing 2010 YTD to 2011. Although area sales arent yet back to their 2006 peaks, activity has grown and data has improved considerably in the last year.

Through September this year  residential sales have risen to 905, an incredible 25% improvement over the same period last year. Birmingham also lead the major metro markets in average home price, increasing over 2% YTD to $173,541.

Finally, the report showed that the Days on Market (DOM) have continued to improve in Birmingham month to month as well, dropping 4.5% down to 105 days from August 2011 to September.

To read more about the report click here, and to speak to our team about our Birmingham homes for sale contact us here!

Posted in Birmingham New Homes | Comments Off

Friday, October 14th, 2011

 

As reported this week by the Birmingham Association of Realtors, Birmingham's home sales are up 25% in September 2011 compared to the same month last year. Throughout the region sales in Jefferson, St Clair, Blount, and Shelby counties rose from 723 sales in September 2010 to 905 sales this past month. The report also mentioned that Birmingham's inventory of homes has dropped 13%, down to 9212, this September, further enforcing the market improvement.

Over the last few months the strengthening rental market in Alabama has attracted several new investors. This is good news to the real estate market as a whole since vacant homes that are converted into rental units help decrease available inventory… crucial to balancing supply and demand while improving the value of the remaining homes. In short, the booming rental market in the Birmingham area may help spur even stronger months for the rest of real estate over the coming year.

Tags: , ,
Posted in Birmingham New Homes | Comments Off

Tuesday, September 20th, 2011

 

According to the Birmingham area MLS, August 2011 showed some nice improvements over last year's numbers as total dollar sales have improved 21% year over year for Birmingham homes sales. As AL.com noted, this is the first time in years that the 12 month moving average line for total sales is slightly rising. Total sales are up 22% over August 2010 according to the MLS.

The total inventory has decreased nicely in the last year by over 2200 units. Days on the Market have also improved in the Birmingham area, as have sale prices. Average sale prices for New homes increased nearly $3000 from last month, suggesting that the average home prices have stabilized and will continue to trend upward.

Tags: ,
Posted in Birmingham New Homes | Comments Off

Thursday, September 8th, 2011

Metro Birmingham home sales rise 25% in August

by Dawn Kent, Birmingham News – 9/8/11

 

Birmingham area home sales rose 25 percent in August, compared to a year ago.

Last month, 959 homes were sold in the metro area, up from 768 in August 2010, the Birmingham Association of Realtors said today.

In 2010, a federal tax credit for home buyers program was in effect through June, and that pulled forward many sales that may have occurred later in the year.

As a result, the sales totals fell in the months following the expiration of the program, and that skews year-over-year comparisons.

 

To read the full article as posted on AL.com, click here!

Posted in Birmingham New Homes | Comments Off

Monday, August 15th, 2011

 

The Alabama Center for Real Estate at the University of Alabama released 2011's mid-year study which listed the real estate market leaders from January – June compared to the same period last year. The study, which separates markets by size, showed very positive news throughout the state. The markets were broken up into 3 categories: metro, mid-size and rural. 

According to the study, Birmingham topped the list for the metro market that had the largest average price increase year over year. In 2011 the average home price was just over $172,000 which was a 4.2% increase from the previous year. Other markets throughout Alabama had nice improvements in categories such as units for sale, units sold and Days on Market. Increasing homes prices is certainly another sign for those looking to purchase a new home in the Birmingham area that the time to strike is now.

Screen shot 2011-08-15 at 1.19.11 PM

(photo source: Al.com)

To read AL.com's report on the mid-year study, visit their recent article here!

Tags: ,
Posted in Birmingham New Homes | Comments Off

Friday, June 24th, 2011

 

Realtor.com recently released its May 2011 data on searches for nearly 150 metro areas, and Birmingham AL ranked #105 for the most searched real estate markets in the country during May. Mobile and Huntsville also cracked the top 150, the list was topped by Chicago then Las Vegas.

 

Realtor.com noted statistics such as median list prices and days on the market in each area noting that the median days on the market was down 3% from April. This, coupled with the fact that local inventory in the Birmingham area has declined nearly 13%, shows positive signs for the near future of the local real estate market.

Tags: , ,
Posted in Birmingham New Homes | Comments Off

Monday, June 20th, 2011


By Dan Levitan

Levitan & Associates

 

1. New homes are better designed with rooms, space allocation, utilization and traffic patterns that are appropriate for the way people live today.

2. New homes are light, bright and comfortable providing an enhanced living experience.

3. New homes provide new mechanical systems and appliances with manufacturer warranties that will save homeowners substantial aggravation, time and money.

4. New homes typically include builder warranties further saving buyers time, money and grief.

5. New home are “new” – they are fresh and clean and homebuyers can choose the finishes that they want to reflect their individual and unique tastes and lifestyles.

6. New homes have modern kitchens and bathrooms that increase the convenience, enjoyment and psychological benefits of home ownership.

7. New homes are far more energy efficient and provide buyers with substantial financial savings over the term of their ownership while benefitting the environment.

8. New homes are technologically current and ready for the information age.

9. New homes tend to be located in new communities that are planned to provide better living environments.

10. New homes are sold by new home professionals who have complete knowledge about the homes, the community, and the homebuying process and make the entire purchase experience far easier and less stressful.

11. New homes benefit the economy by creating and supporting high paying jobs that stimulate economic prosperity.

12. New homes have historically provided greater appreciation than used homes.

 

To read the full article by Dan Levitan click:

http://www.residentialmarketingblog.com/2011/06/a-higher-standard/

www.levitanassociates.net

Tags: ,
Posted in Birmingham New Homes | Comments Off

« Older Entries