City Council amends and reapproves $325M downtown development project

Finance and expensive developments were once again on the docket during the Huntsville City Council’s regularly scheduled meeting last Thursday. On November 9, the Council heard a cash investment update from Finance Director Penny Smith and approved amendments to the $325 million dollar mixed-use development on the site of the former Coca Cola bottling plant. […]

Local, national real estate markets buck under interest rates

Housing affordability continues to be a major concern across the United States. ATTOM Data Solution’s Q3 2023 US Home Affordability Report shows that median single-family and condo unit prices in Q3 were less affordable than historic averages in 99% of counties nationwide.  Moreover, with interest rates hovering around 8%, ‘major home expenses’ now take up […]

Huntsville Mayor in attendance for Hays Farm milestone

HUNTSVILLE, AL – Hays Farm helped cap off a beautiful fall in Huntsville with a milestone event for the development of South Huntsville. On Wednesday of last week, Hays Farm Homes celebrated the grand opening of their new model home with a ribbon-cutting ceremony. Mayor Tommy Battle, along with the three Hays brothers, Jeff, John, […]

NAI Chase announces 1,280-acre land sale with Loveman Realty

HUNTSVILLE, AL – NAI Chase Commercial Realty, a member of NAI Chase Global, and Loveman Realty announced their exclusive representation of the 1,280-acre Land Sale in rapidly growing Limestone County, Alabama. This parcel of land presents an opportunity for a diverse range of development projects, including mixed-use developments, industrial/manufacturing ventures, and residential communities. The team […]

Sales prices dip as Huntsville plans affordable housing director

The Huntsville Area Association of Realtors (HAAR) has released its monthly report for the month of September.  The study shows that the average sales price for single family homes decreased from $371,000 to $370,000. However, the median figure for single family homes decreased down to $304,000, which is considerably lower than the national median of […]

Real Estate Update: Pending Sales Pick Up, Despite National Trend

The Huntsville Area Association of Realtors (HAAR) has released statistics for the Huntsville/Madison County market that shows that our local real estate market is defying national trends in terms of pending sales.  Nationally, pending sales have been dropping. According to the National Association of Realtors (NAR), pending home sales have declined by an average of […]

Real Estate Update: Affordability still a concern as government shutdown postpones

Housing affordability still remains a top concern, both here in Huntsville and across the nation as a whole. The Huntsville Area Association of Realtors (HAAR) report for the month of August showed a slight increase in the average sales price of a single-family home in the area, up 1.1% to $370,000. While this figure is […]

Huntsville continues positive trend as Feds discuss interest rates

The Huntsville Area Association of Realtors (HAAR) has released their monthly report for the month of August 2023.  The report shows that the average sale price of a home in the Huntsville/Madison-County region has seen a very modest increase relative to August the previous year, bumping up to $370K from $367K. This still remains well […]

KBR cuts ribbon on office space at Redstone Gateway

KBR, a company supporting NASA, military, CIA, NSA, FBI, and DIA operations hosted a ribbon cutting for its new office space at 6200 Redstone Gateway on September 20. The new office space is comprised of 150,000 square feet with laboratory space, a conference facility, and classified capabilities. Approximately 1,000 employees are to work in the […]

Game changing mixed-use development planned for Joe Davis, John Hunt Park

In a move to bolster its cityscape, Huntsville’s City Council has given the green light to a groundbreaking mixed-use development project set to transform the Memorial Parkway frontage near Joe Davis Stadium. The monumental agreement between the City and Parkway Vesta, LLC aims to revitalize the heart of the city’s corridor with a project dubbed […]