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Huntsville Alabama Real EstateHUNTSVILLE VIDEOPopulation: 378,057Income Growth: 9.7% Cost of Living Index: 91 Median Household Income: $51,275 Percentage of Workforce in Creative Class: 40% Huntsville owes much of its red-blooded vitality to the U.S. Army, which employs more than 14,000 people, mostly civilians, at the 38,000-acre Redstone Arsenal. "If a soldier drives it, eats it or shoots it, we're involved -- beans to bullets," says Dan O'Boyle, arsenal spokesman. As part of an ongoing consolidation of army bases and personnel -- known as BRAC, the 2005 Base Realignment and Closure process -- the arsenal will hire 5,000 more people over the next few years, and another 5,000 jobs will be added indirectly to the area. ABOUT HUNTSVILLE ALABAMA REAL ESTATEIf you are in the Huntsville Alabama 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. 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 home mortgage prices, Huntsville is the place to call homed help you with Huntsville real estate market, search our Huntsville foreclosures, Huntsville new homes, Huntsville classifieds, Huntsville rentals, or all Huntsville homes for sale. HUNTSVILLE REALTORSA Realty Group Of North Alabama1807-B Slaughter Rd Huntsville AL 256-895-6161 Real Estate Website
Advent Realtor HUNTSVILLE LINKSDemographicsHuntsville / Madison County Chamber of Commerce Huntsville Chamber of Commerce Madison Chamber of Commerce Huntsville City Web Site Madison City Web site Huntsville City Comparisons Hsv. - Madison County Public Library Huntsville International Airport Better Business Bureau serving N. AL Huntsville-Madison County Botanical Garden Renaissance Theatre, Inc. Village of Providence Space Camp HUNTSVILLE CENSUS 2009Huntsville is growing faster than Alabama’s three other major cities.New Census estimates released Thursday show Huntsville’s population has jumped to an estimated 176,645 people. That’s a growth of more than 18,000 residents since 2000. Birmingham and Mobile both lost population, while Montgomery had modest growth. An economist at Auburn University Montgomery, Kevin Deravi, said it’s no surprise Huntsville is gaining residents faster than other cities. He cites jobs linked to the city’s technology base, which includes NASA and the Army’s Redstone Arsenal. Deravi said Huntsville will continue to grow since people are moving to the city because of the Pentagon’s decision to relocate thousands to the area. Categories
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