Huntsville Area Real Estate Market "Exceeding Abundantly"
Posted: Friday, Jun. 6th, 2008
Related: Alabama Shoreline, LLC, The Promenade and The Oaks
The Huntsville-area Real Estate Market is trending upward, with an 8 percent increase of media home sales prices and a 67 percent (!!) increase in property values since 2007. They've even showed a slight increase (0.6%) in the total number of homes sold in February 2008 versus February 2007.The reason for these increases are that the local economy is expecting 16,000 new high-paying jobs, which is mainly because of the Base Realignment and Closure Relocation (BRAC) initiative of the armed forces. There is a large military base near Huntsville.
In addition, international companies such as Toyota have created jobs in the Northern Alabama area. There is also much buzz about Volkswagen installing a plant in the area.
The bottom line? The current market is holding its value very well, and now a fresh group of people are coming to Huntsville to drive up the demand of real estate even more.
To view the entire article, click here to download the pdf.
An additional article from al.com can be downloaded here. For information about our GPI waterfront properties, which are located nearby Huntsville, click here.
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