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What is the current state of the real estate market for houses in Huntsville? Is it a buyer's or seller's market?
There are currently 127 listed for sale. On average, houses here are selling within 42 days on market. Huntsville buyers are currently in a very strong position, with a significant advantage over sellers.
What are some of the most popular neighbourhoods?
The most popular neighbourhoods in Huntsville are Huntsvile, Ravenscliffe and Hidden Valley - Huntsville. We isolate these neighbourhoods by looking at various factors that convey an area's desirability. Popularity is typically determined by assessing the following - the average sale price, average number of days that a home sits on market, plus the proportion of homes that have sold over asking.
What are the most expensive neighbourhoods for houses?
It's hardly surprising that Hidden Valley - Huntsville are Huntsville's most expensive neighbourhoods. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. If you're looking for cheaper options though - Ravenscliffe also have great properties, but at much better value.
What are the cheapest neighbourhoods for houses?
Every city has neighbourhoods where property values tend to be cheaper - and in Huntsville they are Huntsvile. Strata.ca determines this by looking at the average sold price for the past year. For context, it's important to note that Huntsville's average house price is $1,337,865.
How do property taxes work in Huntsville?
Property tax is one of the things you'll need to consider when estimating the cost of owning a house in Huntsville. This tax helps pay for a variety of services, including garbage collection and snow removal. The municipality is responsible for assessing properties and determining its property tax rate, which typically land between 0.5 and 2.5%. Some Huntsville homebuyers believe this tax is based on the size of the house. But rather, the tax rate is multiplied by the home's current market value - which can fluctuate each year based on surrounding homes. If your home's market value is $500,000, and the municipal property tax rate is 1% - your property tax for that year would be $5,000.
What is the best source for Huntsville real estate listings?
If you're seeking a new place to call home Huntsville, Strata.ca can help you. Our website lets you search for every property on the market. It's a one-stop-shop for your real estate journey. This website can show what your neighbour's house sold for last year. Or how much your grandmother's home might be worth in today's market. With Strata.ca, you can also get historical data on every property in Huntsville. You'll have all the intel you need to outsmart the local real estate market.
What is the Walk Score, Transit Score and Bike Score like?
Indicating a walk score of 51, residents here can access a number of amenities on foot, but will probably need a car to get around to some.
What are the typical closing costs for purchasing a house in Huntsville?
When purchasing a house in Huntsville, you must budget for a series of charges known as 'closing costs'. These costs are necessary in order to finalize your purchase, so be sure to factor them in before making an offer. The average closing costs in this city will typically come to about 1.5% - 2% of the purchase price, although this can vary. For example, 2% in closing costs on an $800,000 house would be $16,000 that you need to budget for. The land transfer tax will make up most of your closing costs. In Canada, all buyers are subject to the LTT imposed by the province. First-time homebuyers could be eligible for a government rebate - your real estate lawyer can help you apply for this rebate at the time of closing. And lastly, buying Huntsville real estate will require a lawyer you can trust. You'll need to find someone who specializes in this as they'll be finalizing your purchase. Be sure to put aside $2,000 to cover the cost of your real estate lawyer, although legal fees can vary.