Home sales across the nation were down in January. Vestavia was no exception. In January, Vestavia saw 15 homes sell - down from 24 in December. Part of this is seasonal and part is based on the rough economic news. Three sales were in Liberty Park. The average salesprice was $306,384 with prices ranging from $93,500 for a 2 bedroom, 2 bath condo in Montreat to $545,000 for a 6BR 4 BA home in Cross Ridge. The average days on market for sold properties was 88. Currently there are 412 properties on the market in Vestavia which represents a 27.46 month supply. If we look at properties in Pending Sale though, we see 17 homes have contracts on them - 14 contracts were written in January, so sales in February should increase from this January low.
March typically sees an increase in buying activity. Are YOU Looking for a new home? Search for a home in Liberty Park, Vestavia Hills Alabama or the Greater Birmingham Area at my website www.ToniBird.com
