Highland Lakes Homes for Sale
Highland Lakes in Madison Alabama has always been a sought after neighborhood, and for many reasons.
Located just minutes from Research Park off of Slaughter Road and zoned for the award winning Madison City Schools.
The annual Home Owners Association (HOA) fee is $500 (at the time of writing) and the community common areas includes a club house, tennis courts, swimming pool, and small lakes and parks scattered throughout the neighborhood. Home prices can vary but range from the upper $300′s to $700k plus, a sample of current home listings follow and you can view all Homes for Sale in Highland Lakes by utilizing the link provided.
What Makes Highland Lakes so Special?
For those that live there, I have asked that very question. They love the sense of community, the 4 lakes, the large community pool and tennis courts. The homeowners also love the community events, from wine tastings to Easter Egg hunts.
You’ll even find a playground and walking trails. From atop Highland Lakes, you’ll catch breath taking views of Huntsville. Recently while showing homes, I was in awe of the gorgeous fall colors that surrounded me. It was gorgeous!
How is the Highland Lakes Market?
The real estate market has been tough on Highland Lakes the past 2 years. I pulled market statistics for the past 5 years. What these figures show is that price per square foot has dropped $6-8 per sq. foot in the past 2 years. From a high of $137 in 2005, to a low of $122 in 2010. This year, the average has been $124. The average sale price in 2005 was $506,852 and this year, the average sale price for homes in Highland Lakes has dropped to $481,300.
What I have seen is this: The homes that are special are selling. Special means: WOW kitchens and trim packages, loaded with hardwoods and true Master Retreats.
Special could also mean: WOW…what an incredible price.
The Luxury Market in General
Madison Al home buyers are demanding more, because they can. Buyers have more choices than ever before. Currently, there is a 16 month supply of Luxury Homes in Madison Al. (I pulled homes that range from $500,000 to $700,000). What this means is, it will take 16 months to get these homes sold at the current demand rate.
If you have been considering a move up to an luxury home in Madison Al, this is your time. The market is down and interest rates are at historic lows. This creates a win-win. As of Friday, a 30 year fixed mortgage in Huntsville was 3.75%. That’s incredible!
If you have been considering purchasing a home in Highland Lakes, give us a call. We know the Highland Lakes market and would be happy to share our knowledge with you! Give me call directly 256-425-1659 or drop me an email.