Huntsville Alabama Neighborhoods – Knox Creek

by Elizabeth Cooper-Golden

in Huntsville Housing Market,Huntsville Neighborhoods / Subdivisions

Knox Creek – Market Conditions

This unique little neighborhood has been a long time favorite of First Time Home Buyers and Real Estate Investors alike. Its location is also somewhat unique, just a couple of blocks from Hwy 72 and 2-3 miles from one of Madison’s major shopping areas. It is located on the Huntsville / Madison city limits (there are some strange boundaries) and is found on the MLS in the Northwest Huntsville Area. The school system supports the neighborhood via the Providence K-8 and Columbia High Schools.

In the following chart you will see a 6 year history of sales and prices explicit to the Knox Creek Neighborhood. In summary the sales rate has slid over last couple of years, while during the same period days-on-market (DOM) has improved and prices have continued to appreciate.

knoxcreek.png

The history of price appreciation in the neighborhood is an investor’s dream with an average annual appreciation rate of 7.5% since 2002. While past performance does not guarantee future appreciation rates, the 2008 year-to-date price history indicates a current appreciation rate of 3.3% over last year.

Within the neighborhood there are currently 16 Homes on the Market ranging from $85,000 to $129,900. With a seasonal average sales rate of 4 homes per month the current absorption rate indicates a 4 month supply of inventory and thus the neighborhood should be considered a sellers market when contemplating an offer or listing price.

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The data relating to Huntsville AL Real Estate on this Web site derive in part from the Valley MLS IDX datashare program. © 2016 Valley MLS, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Huntsville, AL 35806

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