Vestavia Alabama Real Estate Market Statistics August 2006 vs. August 2007: Now and Then

I think it's important as a Real Estate Consultant, as a resident, or a future home buyer or seller in the Vestavia Area to know the stats.

With so much media coverage about "the state of the real estate market" being broadcast, I want to start doing a now and then segment to show how the market has changed from one year to the next.

August 2006
Listed Properties: 84
Average Price: $506,518
Price Range: $129,000-$1,675,000

August 2007
Listed Properties: 68
Average Price: $451,410
Price Range: $185,000-$1,350,000

August 2006
Sold Properties: 44
Average Price: $456,547
Price Range: $195,000- $1,344,000
Average Days on Market: 115

August 2007
Sold Properties: 52
Average Price: $409,348
Price Range: $180,000 - $945,000
Average Days on Market:80

If you would like to be contacted as soon as homes become available in the Vestavia area just let me know, or if you would like to see statistics about other areas, don't hesitate to ask.You can find all the Birmingham Alabama Real Estate stats on Greater Birmingham Real Estate Resources, on Your Guide To Living In Greater Birmingham, or on Birmingham Alabama Real Estate blog via ActiveRain.

*Note these stats are accurate as of 9/11/07 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.