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After a very dry couple of years, Florence Alabama and the Shoals area has finally had a decent amount of rain! According to the National Weather Service, Florence had almost 4.5" of rain over Tuesday and Wednesday...and it's still raining. From what I heard on the news earlier today, that's more rain over a couple of days than we have had since the rains from Hurricane Ivan in 2004. The creeks and rivers around the area have been pretty low, so hopefully this will help fill them up a little. Here is a Times Daily article about the weather in Florence, AL over the last few days: "Mixed Bag of Weather".
On top of that, we may be in for some snow later this evening.
Yes, it does snow in Alabama. Usually it's just a light dusting that doesn't stick around very long...but just the threat of snow and/or ice is enough to let schools out early! Lauderdale County schools (my kids are in this district) dismissed at 1:45 p.m. today and all after school activities were cancelled. They also have a delay in the morning until 10:00. I think it's kind of funny that school is delayed or cancelled for the little bit of snow we might see. We lived in Ohio before we moved here, so I was used to the kids going to school unless we were snowed in! Better safe than sorry though. So...let it snow, let it snow, let it snow!
Deidre Berry
Email: deidre@HomesOfTheShoals.com
Web: http://HomesOfTheShoals.com
The search for Florence, AL homes for sale starts HERE!
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Two recent newspaper articles back up what many Florence AL real estate agents have been saying over the last few months: 1) Our housing market has not been affected as much as the rest of the country, and 2) the homes in Florence and the Shoals are still very affordable. See the articles below for the scoop!
Shoals Bucking The Trend - Economic picture rosier than most
By: Michelle Rupe Eubanks
Staff Writer
Wrapping up third-quarter figures and heading into the last quarter of the year, housing and revenue numbers for the Shoals indicate that the economic woes being experienced elsewhere in the country have yet to take as strong a hold locally. Read more...
Financial Report - Shoals housing still most affordable
The housing market in the Shoals remains the most affordable in the state, based on the third quarter Alabama Affordability Index. Read more...
Deidre Berry
Email: deidre@HomesOfTheShoals.com
Web: http://HomesOfTheShoals.com
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As of the 18th of November 2008 the Shoals Area is currently down 44 percent in production dollars sold. Many realtors think this is due to the stock market and the presidential election along with the credit crisis. Overall the market is still good, employement is steady, and there still is money available for loans. Personally I think that everybody just froze because of the downward spirl of the stockmarket. Looking for things to pick up around Feb/March.
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Fall is my favorite time of year. The crisp air, the vivid colors, the renewed energy...I wish it would last longer!
I almost missed the leaves changing this year in Florence. My family and I had left for a week's vacation on Oct. 31st, and nothing much had happened. Because of the low rainfall in the Shoals this year, I thought we might not see all of the colors. I was wrong! We got back and in just that week's time the trees had transformed.
If you haven't seen Florence, Alabama and the Shoals area in the fall, here is bit of the beautiful scenery you're missing...
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Deidre Berry
Email: deidre@HomesOfTheShoals.com
Web: http://HomesOfTheShoals.com
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Here are the statistics for the Florence, Alabama real estate market in Oct. 2008 as compared to Oct. 2007.
Florence, AL Home Sales (including the Shoals area)
Oct. 2008
|
|
Oct. 2008 |
Oct. 2007 |
|
Monthly Sales |
121 |
159 |
|
Avg. List Price |
$119,825 |
$133,718 |
|
Avg. Sale Price |
$114,647 |
$126,439 |
|
% Diff. (Sale/List) |
95.68% |
94.56% |
|
Current Inventory |
1195 |
1033 |
|
Months of Inv. |
9.88 |
6.50 |
All information taken from the Shoals Area MLS as of Saturday, Nov. 8, 2008.
Information is deemed reliable but not guaranteed.
Although the housing market in Florence and the Shoals is still stable, there is a downward trend in the number of homes sold and the average listing/sales price. The months of inventory available is at it's highest point since January. We are entering a period where home sales normally slow down, so it will be interesting to see what the next few months bring!
Previous Reports:
Aug. - Sept. 2008
Deidre Berry
Email: deidre@HomesOfTheShoals.com
Web: http://HomesOfTheShoals.com
The search for Florence, AL homes for sale starts right HERE!
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