{"id":998,"date":"2008-08-07T12:22:37","date_gmt":"2008-08-07T18:22:37","guid":{"rendered":"http:\/\/huntsville-realestate.net\/2008\/08\/07\/neighborhood-market-conditions-%e2%80%93-knox-creek\/"},"modified":"2009-12-13T00:51:10","modified_gmt":"2009-12-13T00:51:10","slug":"neighborhood-market-conditions-%e2%80%93-knox-creek","status":"publish","type":"post","link":"https:\/\/athomeshuntsville.com\/realestate\/2008\/08\/07\/neighborhood-market-conditions-%e2%80%93-knox-creek\/","title":{"rendered":"Huntsville Alabama Neighborhoods – Knox Creek"},"content":{"rendered":"

Knox Creek – Market Conditions<\/h4>\n

This unique little neighborhood has been a long time favorite of First Time Home Buyers<\/strong><\/a> and Real Estate Investors<\/strong> <\/a>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 <\/strong>in the Northwest Huntsville Area. The school system supports the neighborhood via the Providence K-8 and Columbia High Schools.<\/p>\n

In the following chart you will see a 6 year history of sales and prices explicit to the Knox Creek Neighborhood<\/strong>. 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.<\/p>\n

\"knoxcreek.png\"<\/p>\n

The history of price appreciation in the neighborhood is an investor\u2019s 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.<\/p>\n

Within the neighborhood there are currently 16 Homes on the Market<\/strong><\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7,10],"tags":[32],"_links":{"self":[{"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/posts\/998"}],"collection":[{"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/comments?post=998"}],"version-history":[{"count":0,"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/posts\/998\/revisions"}],"wp:attachment":[{"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/media?parent=998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/categories?post=998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/tags?post=998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}