Huntsville Alabama Real Estate Market: Solid as a Rock

If you are in the real estate market either as a commercial property investor
or you are just looking for a home in Alabama, Huntsville offers a rich choice
of properties at fantastic prices: from enticing 3 bedroom homes to prestigious,
sophisticated mansions; from secluded vacation retreats to exquisite condos and
townhouses with graceful curb appeal.

Come to Huntsville and witness for yourself the amazing real estate growth
that the city has engendered. While the prices of homes have fallen as much as
23.4 percent nationally and 16.9 percent in Alabama, for January 2007, in
comparison with the year before,

Huntsville homes sales has been steady. Thanks to the Base Realignment and
Closures (

BRAC ) that is expected to draw over 5000 jobs to the Huntsville Alabama
area in the next couple of years, mainly from scientist and army personnel from
Virginia and Georgia.

In addition, significance attaches to the fact that while the national
foreclosure rate is about 5.5 percent, the highest figure in the U.S. in 20
years, Huntsville is cruising at a sustainable rate of 0.25 percent.

In 2007 Huntsville total home sale volume was $985,972,253 a boost of 5.1%
over 2006. The average sales price of $212,494 was a handsome increase of 4.6%
over 2006. The median sales price of a home sold in Alabama during the fourth
quarter of 2007 was $130,260. Huntsville, however, has experience dramatic
changes towards more luxurious, higher priced homes. Through November 2007, the
average price of a home was $196,549. “Those figures don't include another
roughly 500 generally higher-end homes a year sold by builders not included the
Realtors' multiple listing service”, according the Huntsville Realtor
Association.

 In Huntsville, the variance we’re observing today is that the price ranges
of new homes five years ago, was in the region of $80,000 to $400,000. Now that
range is an amazing $125,000 to $2 million.

Huntsville corporate housing market has also been blessed by the influx,
primarily due to the boon from the city’s Research Park, the second largest of
its kind in the Nation. Exquisite properties are being developed in the south of
Huntsville mainly in the eastern section which is more tranquil, surrounded by
gorgeous scenery and with a fantastic view of the city. Real estate properties
in

The Ledges, The Hampton Cove, masterpiece homes nestled at the foot-hills of
Monte Sano Mountain, just a few miles from all the amenities of the city, are
just some of the sophisticated properties in the area.

The

Huntsville commercial property and office market remained upbeat and on the
move in 2007 with an “overall vacancy rate of 7.36 percent, which is well below
the national average of 12.5 percent," according to Bart Smith, a managing
broker with Graham & Co. in Huntsville, Birmingham-based company that publishes
an annual report tracking the local office, industrial and retail markets.

If you are thinking of Alabama, think of Huntsville real estate . With a low crime rate,
low unemployment percentages, the distinction of being rated as one of the top
best places to raise children and with remarkable real estate properties at
attractive prices, Huntsville is the place to call home.

For more information on Huntsville Alabama real estate market visit:

www.huntsvillepr.com