December 4th, 2013
Lee County, home of the area's most amenitized golf course community of National Village, has once again produced impressive monthly results in the housing market!. Just like any community, National Village can be greatly affected by changes in the housing sector. For this reason, we like to watch the market closely – and when it continues to improve month after month, we can’t help but be excited about the year to come!
According to the Alabama Center for Real Estate (ACRE), Lee County area residential sales increased 15.6 percent from September to October. While the total number of sales varies, area residential sales are still 3.7 percent higher through this October than they were year-to-date in 2012. Additionally, new home sales accounted for 25 percent of all sales – an impressive portion of the market. New home sales have an incredible influence on the market, and 25 percent can certainly sway the local housing market as a whole. Not to mention, having this much of the market occupied by new homes can indicate an improving economy!
The increase in month-to-month sales is particularly exciting for real estate in Lee County. Traditionally, October sales in our market decrease by 17 percent from September – usually because less people are shopping for homes during the cooler months. To find that these sales have in fact increased is exciting for real estate experts and economists alike.
The Mortgage Bankers Association reports that they are estimating overall national economic growth to be 2.4 percent in 2014 and 2.7 percent in 2015, “supported mainly by increases in consumer spending and residential fixed investment.” Residential fixed investment refers to new home construction and the other costs associated with it. In National Village, we’ve built new homes and have developed an amazing community – so it’s great to hear that communities like ours contribute to a healthier economy!
Now that the housing market and economy are improving on local and national levels, it’s a perfect time to move into a home you truly love. And what’s not to love about National Village? You can enjoy a beautiful new home on the Robert Trent Jones Golf Trail without missing out on a genuine neighborhood atmosphere. Included landscape maintenance for homes and shared spaces allows you to spend less time on yardwork and more time on the golf course or enjoying any of the luxurious community amenities. Could golf resort living be any better than this?