| Neighborhood | Sep - Nov '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| Spring Lake | $118,350 | +22.0% | $89,900 | $97,000 | $85,000 | Birmingham | $278,000 | +85.5% | $290,000 | $149,900 | $155,940 |
The median sales price for homes in Spring Lake for Dec 08 to Feb 09 was $118,350. This represents an increase of 31.6%, or $28,450, compared to the prior quarter and an increase of 22% compared to the prior year. Sales prices have appreciated 39.2% over the last 5 years in Spring Lake, Birmingham.
The median sales price of $118,350 for Spring Lake is 57.43% lower than the median sales price for Birmingham AL. Average listing price for homes on Trulia in Spring Lake was $135,766 for the week ending Dec 16, which represents a decline of 0.2%, or $281 compared to the prior week and an increase of 7.8%, or $9,880, compared to the week ending Nov 25. Average price per square foot for homes in Spring Lake was $65 in the most recent quarter, which is 48.00% lower than the average price per square foot for homes in Birmingham.
| Neighborhood | Week ending Dec 16 | w-o-w | Week ending Dec 9 | Week ending Dec 2 | Week ending Nov 25 |
|---|---|---|---|---|---|
| Spring Lake | $135,766 | -0.2% | $136,047 | $131,558 | $125,886 | Birmingham | $272,795 | -0.6% | $274,337 | $272,081 | $273,588 |
| Neighborhood | Sep - Nov '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| Spring Lake | $65 | -3.0% | $56 | $67 | $67 | Birmingham | $125 | +26.3% | $130 | $99 | $108 |
| Neighborhoods | Week ending Dec 16 |
w-o-w | Week ending Dec 9 |
Week ending Dec 2 |
|---|---|---|---|---|
| Forest Park | 1 | +2 | 3 | 1 |
| Highland Park | 2 | — | 2 | 3 |
| Crestline | 3 | -2 | 1 | 2 |
| Redmont Park | 4 | +3 | 7 | 12 |
| Glen Iris | 5 | +5 | 10 | 6 |
| Spring Lake | 6 | — | 6 | 4 |
Market Trends
Fair Housing and Equal Opportunity
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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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