Birmingham Luxury Home Real Estate 2008 Market Statistics (Up To 3/14/08)

The Birmingham Alabama Luxury Home Market continues to be a topic of discussion in many areas due to the sales data. It seems that this market may be fairing better than other available markets. Therefore we feel that it needs mention. Let me note for this article, we are classifying luxury properties as those that sell/list for one million or more.

Sold Properties

So far for 2008, we are 2 down from the same period in 2007 at 14 homes that have sold in the million dollar plus in the Birmingham luxury home market. The highest price home sold was $1,950,000 and the average million dollar plus home that sold, sold for $1,302,647 which is down $319,825 from the same time period last year. Average days on market for the sold luxury homes was 105 days, which is down 113 days from the same time frame in 2007.

Listed Properties

So far for 2008, 75 million dollar plus Birmingham Luxury Homes have been listed this year which is up 4 from the same period last year. Unlike the sold properties though, the average list price is up $201,012. This highest priced home listed so far this year is $5,800,000.

Active Properties

So far for 2008, there are 165 active million dollar plus Birmingham Luxury homes. (Some of these have been on the market since the previous year.) The highest price home right now is for $5,800,000. Average active price is $1,730,983. The average days on market for the active properties are 139 days.

To see these Birmingham Luxury Homes that are currently on the market as of 3/14/08 check out the links below.

Birmingham Luxury Real Estate priced $1,000,000 to $2,000,000

Birmingham Luxury Real Estate priced $2,000,000 to $3,000,000

Birmingham Luxury Real Estate priced $3,000,000 and Up

* Areas included are Jefferson, Shelby, and St. Clair Counties

* All statistics are accurate as of 3/14/08 according to the Birmingham MLS and are subject to change as agents submit listed and sold properties.