Midtown Montgomery Real Estate Market Report for September 2014

Midtown Montgomery Real Estate Market Report for September 2014

Forget a sea view mansion. CnnMoney.com reports in Hong Kong, parking spaces are some of the hottest properties on the market.

Hong Kong is a densely populated city and eager have pushed prices for parking spaces to record highs in recent months with prime spaces now selling for far more than the luxury cars that park in them.

In May, a single space in a residential neighborhood on Hong Kong Island went for 4.24 million Hong Kong dollars ($547,000), making it the most expensive parking space ever sold in the territory.

Knowing what mere parking spaces are selling for in Hong Kong certainly puts our own real estate market into perspective.

Take a look at September’s real estate sales statistics.

September 2014 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for September 2014, show the number of homes sold increased by 19% when compared to September 2013. The average sales price decreased by 30% to $125,516 for the month. The median sales prices decreased by 35% to $100,350, and market times decreased by 54 days.  The highest selling price decreased by 26%, and the lowest selling home price decreased by 68% compared to September 2013.

Midtown Montgomery  September 2014  September 2013
Homes Sold 25 31
Average Selling Price $125,516 $180,690
Median Selling Price $100,350 $153,500
Days On The Market 124 178
Highest Selling Price $400,000 $545,000
Lowest Selling Price $6,500 $20,000

For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed. Courtesy of Montgomery Realtor Sandra Nickel, Sandra Nickel Hat Team.

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