Fort Rucker Appreciation Day

Wednesday, October 24th is Fort Rucker Appreciation Day. This is an annual event where all the local communities come out to show their appreciation for our military neighbors at Fort Rucker, Alabama. The communities of Enterprise, Andalusia, Daleville, Dothan, Geneva and Ozark join together to honor the contributions Fort Rucker, Alabama makes to the Wiregrass area of South Alabama.

Activities include a 5K run, a Motorcyle Poker Run, a softball tournament, golf, skeet shooting, and a BBQ dinner for Soldiers, their Families and all city citizen participants at Lake Tholocco on Fort Rucker. A concert by the 98th Army “Silver Wings” Band will conclude the days events.

At Becky Hancock Realty, we surely appreciate our neighbors at Fort Rucker and we are happy to real estate services for them. Our agents have many years of combined military experience, so if you are military and looking for Enterprise Alabama Homes for Sale, we are your best resource. We'll make you're home buying experience a positive one.

What is the Market doing in Enterprise?

It seems that everyday people ask me about the real estate market in our area. Is it a Buyer’s Market? All the national news seems depressing………ugh!

I had been telling folks that we were feeling it a little in the Enterprise, Alabama real estate market - new home prices are down some and that there are lots of homes on the market in the $225000 to $325,000 market (about 18 months supply based on the last absorption study I heard) but that homes are still selling and the market is good.

I have gotten some pretty low ball offers lately and I was beginning to questions my market data and found out some interesting facts. The house I had listed was on the market in the high $180’s and the offer was something like $164,900 or something silly like that so I thought I would “dig in” and see what was really going on.

I pulled up everything that has sold in the last 60 days in a price range of around $150,000 to $195,000 and discovered that the list price to sales price ratio was 98%. WOW!

Then I thought, I better pull out all the new construction, guess what, it was still 98%.

So, that means that Sellers aren’t having to take blood baths on the sales price like the national news was saying. Then I decided to look a little deeper.

This is what I found - during the last 12 months the number of homes that sold is down 12% over the same time frame the previous 12 months but the sales prices are up 2% and the time on the market is down 22%. During the last 12 months it took an average of 108 days to sell a house and the previous 12 months’ average was 132 days on the market. Now, the market area I took into consideration was Enterprise,Alabama, Daleville and New Brockton.

So, if the question is: Is it a Buyer’s Market?

I think my answer would be, not yet. Don’t know if it will be either and on the other hand, it isn’t a Seller’s Market either.

If you are looking for real estate in Enterprise, Alabama or the Fort Rucker area, give us a call at 334-347-6610. Or email me at becky@realtor.com We'll be happy to discuss the Enterprise, Alabama real estate market with you.