This Lake Cyrus real estate market report is a continuation in a series of blogs about the performance of some of the larger neighborhoods in Hoover, AL to assist buyers and sellers in assessing their negotiating position. I should disclose that I am a resident of this neighborhood and have lived here for the past three years. Let's take a look at sales and inventory history for the last three months of 2009 in comparison to the same period in 2008 by referring to the chart below: As shown in the chart at left, improvements in sales (both units and volume) and average days on market would suggest a relatively strong neighborhood relative to supply and demand. However, there is weakness in the average list and sale prices and, while pretty strong in December, months inventory app...
Comments
2
