Village Of Providence Huntsville Alabama 35806 Market Report October-December 2011

Village Of Providence Huntsville Alabama 35806 Market Report October-December 2011

The Village of Providence is a relatively new area of Huntsville Alabama and has undergone a great deal of growth. It continues to be a vibrant upscale area of Huntsville attracting new business and restaurants testing the market. Home styles are a good blend of tradition from Georgian and Federal to the very popular Craftsman and Bungalow. 2011 closed out the year with 9 active listings which is fairly normal for the holiday season with sellers knowing that with the holidays buyers that are actively looking are more serious and that sellers have less competition this time of the year. I believe the two sales and two pending sales show that even in the holiday season buyers are out there especially when you consider the price range that the small Village of Providence community commands. Pressing the point further, two more homes went pending after the included graph's were made.

I'm well aware of market conditions around the nation with some areas doing well and others still facing a challenging market. Our area of Madison and Huntsville Alabama has for the most part seen consistent, slow, but steady growth not giving in to the highly competitive, multi-offer negotiations that unrealistically inflated housing prices as seen in the past in other areas. That's not to say, we haven't been hurt by the housing market down turn over the last few years, but we have weathered the storm and are returning to a very good market quicker. We've seen our share of foreclosures and short sales, but in my opinion we have turned a corner and are on the mend. Home prices are at very affordable levels and of course the interest rates are at all time lows.

One thing that seems to be a reoccurring theme is that buyers I'm working with are missing out on homes they fall in love with by hours because they were taking time to think about an offer or were waiting to see if there would be a further price reduction on a home of interest. Until recently I've hesitated to tell buyers that they need to make an offer on the home of their choice quickly because I don't want them feeling pressured or pushed into making a decision, but with that said I now give them examples and suggest that there is that very real possibility the home they want may be sold before they bring an offer to the table. So of the 14 available homes represented in the bar graph, 7 are now off the market and there's a good chance that the home a buyer liked is no longer available.

If you are considering a move to Huntsville Alabama or are just moving across town, give me a call or send an email and I'd be happy to let you know what our market is like for any specific area or subdivision.

Moving a little farther south to Birmingham Alabama you might try checking out our @Homes Birmingham website.

If you need a knowledgeable real estate professional in Madison Alabama or Huntsville Alabama area, why don't you let me Google that for you! I also know outstanding agents in all states and Canada should you need help relocating to a new area.