Southwest Huntsville is a diverse area of the City with close proximity to the major employment centers of Redstone Arsenal and Research Park. Nearby shopping includes Parkway Place to the east and Bridge Street Towne Center to the north.
One part of this major MLS Area lies east of Redstone Arsenal and within the Butler and Grissom High School districts. The other part lies west of Redstone Arsenal in the Columbia High School district and this is where most of the Area’s recent boom in New Home Construction has occurred.
If you are home shopping in Southwest Huntsville this fall it would be good to have a general feel for the market in your particular price range, prior to visiting neighborhoods and viewing specific Homes. Some of the Neighborhoods you are likely to run across while in Southwest Huntsville at various price points include:
- $100k-$200k Autumn Ridge, Bell Tower, Promenade, Shadow Springs
- $200k-$300k Ashtynn Manor, Cambridge, Riverwoods, The Reserve
- $300k-$400k Lake Forest, Cobblestone, Natures Pointe
- $400k-$600k Lake Forest, Stones Throw, Oak Grove
[ Utilize these links to view current listings in these neighborhoods ]
Now that you have a feel for the homes currently available, review the following chart to get an understanding of current market conditions across the various price ranges. The chart takes a snapshot of the seasonal demand and current inventory of homes. It also captures the absorption rate inventory and average price per square foot across these categories. Note the variety of market conditions and especially the market bias in your particular price range.
|Southwest Huntsville Alabama – Sept 2008 Market Snapshot|
|$100k – $200K||19||87||5||$90||Seller|
|$200k – $300K||10||121||12||$99||Buyer|
|$300k – $400K||3||52||17||$116||Buyer|
|$400k – $600K||2||38||19||$120||Buyer|
If and when you find a few homes you really like and have put together a short list, be sure to have your REALTOR® perform a Comparative Market Analysis (CMA) on your properties of interest before finalizing any offer. By taking this more detailed look into specific neighborhood mini markets you may find that the neighborhood’s pricing model may vary either up or down from the average price across Southwest Huntsville provided in the chart above.HappyHouse Hunting – Elizabeth
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