First 90 Days Update: The OTM Market is Still Strong!
Posted by Mike Wald on
First 90 Days Update: Over the Mountain Volume is Down, Prices Up
The Over the Mountain real estate market is sending mixed signals, but by historical standards it's still a Seller's market. Sales volume is down 27%. Prices are up 7.8% and Days on Market increased from 3 days during the first 3 months of last year to 4 days, this year.
First 90 Days of 2022
950 homes sold with median days on the market of 3
Average list-to-sales price 101.8%
Average sold price $492,553
First 90 days of 2023
690 homes sold with median days on the market of 5
Average list-to-sales price 99.96%
Average sold price $531,084
During the first 90 days of 2022, 260 more over-the-mountain homes were sold than during the first 90 days of this year.…
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Adorable Vestavia home with 4 bedrooms, 3 bathrooms situated on a large lot with plenty of mature landscaping that provides ample privacy and natural beauty. Inside find beautiful hardwood floors that flow throughout the main level. The kitchen is a chef's dream, featuring a JennAir Induction range, new dishwasher, granite countertops, and a tile backsplash. The spacious bedrooms provide plenty of room for relaxation and rest. Designated laundry area to make doing laundry a breeze. Head downstairs and you'll find an additional living area with a cozy brick fireplace and bar area, perfect for family movie nights or hosting guests. Step outside to the outdoor patio area with a gazebo, perfect for…
Enjoy your morning coffee on the warm and inviting front porch of this stunning Vestavia Home. Boasting beautiful hardwood floors throughout, and granite countertops in both the bathrooms and kitchen. This home features plenty of space for everyone, inside and out! The kitchen features a breakfast bar, backsplash, and stainless steel appliances. The family room feels spacious and airy with its vaulted ceilings and opens up to a heated and cooled enclosed porch, adding more square footage to your living space. This home offers a split floor plan, with two bedrooms and a full bath on one end and a large primary bedroom and bathroom on the other. With a designated laundry…
This beautiful newly updated home offers not just a great place to live, but a wonderful lifestyle as well. You will love the abundance of natural light that fills the spacious living areas, creating a warm and inviting environment. The large primary, main-level bedroom features an ensuite bathroom and walk in closet, offering a private retreat. Additional bedrooms are equally spacious providing plenty of room for guests. All of the bathrooms have been stylishly updated with granite or marble countertops, tile floors, and tile surround. The kitchen features stainless steel appliances, brushed nickel hardware, and granite countertops. Enjoy your morning coffee or your evening cocktail in the beautiful sunroom which is…