Enterprise, AL Homes for Sale have seen steady price improvement month to month as well as year to year as inventory levels remains high.
The Numbers Month to Month and Year to Year
The median sales price for Enterprise, AL Homes for Sale was $162,450 in May 2014 compared to $128,450 during April 2014.
The number of Wiregrass, AL Homes for Sale that sold was 65 in May 2014 (30 in Enterprise) vs. 41 in April 2014 and 46 that sold May 2013.
There are 47 Enterprise, AL Homes for Sale that are in contract which represents 12% of the overall available inventory of 403 homes.
A few highlights of the current Enterprise, AL Homes for Sale are shown below and represent a nice cross section of properties available, in contract and that have sold.
This Month’s Most Expensive
The most expensive of all Enterprise, AL Homes for sale this month is listed at $625,000 and includes 3 bedrooms, 3 1/2 bath and has 4,200 sqft. This home is on 5.16 acres, with 35 more acres available. Fully landscaped and even has an outdoor kitchen!! (schedule a showing).
This Month’s Least Expensive
The least expensive of all Enterprise, AL Homes for sale came in at $15,000 and would be a great home for a first time homebuyer or an investor looking for a rental property with positive cash flow. It has 2 bedrooms and 1 bath with 968 sqft and could use a little updating. Separate dining room could become a 3rd bedroom.(schedule a showing).
This Month’s Must See
There were some great Enterprise, AL Homes for Sale to consider for this month’s ‘Must See’ home tour.
A home at 690 COUNTY ROAD 622, just on the bedge of Enterprise is a MUST SEE! Located on 6.22 acres with a pond that's about 2 acres. Updated with new roof, new a.c., new hardwood flooring (even in closets), and some new appliances. HUGE fish in the pond with an attached and a floating dock. They'll even leave the paddle boat. Nice workshop as well as a 40' x 20' storage barn w/chicken coop. Soooooo nice out there!(schedule a showing).
13% of total sales were foreclosures. 3% of sales were short sales.
We still have a large inventory of homes, 15.6 months (meaning if no additional listings are placed on the market, based on the number of sales in May, it would take 15.6 months to deplete our inventory).
This breaks down to 10 months for new construction; this is great news, it was 36.5 last month with only 2 sales of new construction. 4 new constructions were listed in May.
Existing construction has 16.3 months inventory.
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