Birmingham Appraisal Blog

"appraisal bloggin for your noggin"

Birmingham Appraisal Blog header image 4

Entries Tagged as 'Market Trends'

Birmingham Alabama Appraiser : Alabaster, Alabama-Weatherly Market Trends

August 22nd, 2010 by Tom Horn · 4 Comments · Market Trends

Weatherly subdivision is located in Alabaster, Alabama and includes over 600 home sites.  It offers a clubhouse, swimming pool, three lakes and tennis courts.  It is located in Alabaster and Pelham, however the market statistics included here only include those homes in Alabaster, Alabama.  The time period includes May to August [...]

[Read more →]

Tags:·····

Birmingham, Alabama: Does Urban Revitalization Help Property Values?

August 17th, 2010 by Tom Horn · 2 Comments · Appraisal, Market Trends, Photos From The Field

I was in downtown Birmingham, Alabama yesterday for an appraisal inspection and ran across the West End Urban Garden.  It is a project between Urban Ministry and Community Church Without Walls.  This was the first time I have seen this so I did some research on the internet and found some [...]

[Read more →]

Tags:·······

Birmingham, Alabama Home Sales-Most Expensive Home Sale in June-2010

July 7th, 2010 by Tom Horn · 2 Comments · Appraisal, Market Trends

Well, once again the most expensive home sale for June is from the Mountain Brook area.  As I have noted in previous posts this area is one of the most exclusive and expensive in the state of Alabama.  Overall, homes sales over $500,000 have suffered in the Birmingham, Alabama market, however these luxury homes always [...]

[Read more →]

Tags:·····

A Bad Day at the Lake is Better Than a Good Day at Work

July 3rd, 2010 by Tom Horn · 4 Comments · Appraisal, Market Trends, Photos From The Field

Have you heard that saying?  I have been fortunate lately to be very busy at work , which is a blessing in today’s economy.  I recently had an assignment at Lay Lake, in Shelby County, Alabama.  I do a fair amount of work in this area but none recently.  Contrary to the title of this [...]

[Read more →]

Tags:······

So You Think You Know What a Foreclosure Looks Like, Huh?

June 12th, 2010 by Tom Horn · 4 Comments · Appraisal, Market Trends, Photos From The Field

I’ve talked about foreclosure properties in previous posts and how they are providing competition to non foreclosure properties.  It really is something you have to consider when pricing your home.  As appraisers we look at past sales and current active inventory.  If there are other properties for sale that are similar to yours and in [...]

[Read more →]

Tags:···

Birmingham, Alabama Home Sales-Most Expensive Home Sale in May-2010

June 1st, 2010 by Tom Horn · 2 Comments · Market Trends

This months most expensive home sale reported by the Birmingham Multiple Listing Service is located on Red Mountain in the Redmont area of Birmingham, Alabama.  The home sold for $2,700,000.  It was built in 1922 and is situated on six acres.  This area has a lot of historical homes with beautiful architecture.  It has a [...]

[Read more →]

Tags:·····

Birmingham AL Real Estate Shows Positive Growth For April 2010

June 1st, 2010 by Tom Horn · 2 Comments · Market Trends

There is good news for the Birmingham, AL real estate market.  Home sales showed a positive trend in April 2010, over 2009.  The Alabama Center for Real Estate (ACRE) reported that April sales were at 1,061, compared to 887 for last year.  The first time home-buyer tax credit  most likely had a lot to do [...]

[Read more →]

Tags:······

Shelby County Alabama Property Values Decline

May 23rd, 2010 by Tom Horn · 4 Comments · FSBO Tips, Market Trends, Property Taxes

Shelby County tax assessors recently released their latest reassessments for 2009 and the results revealed that property values have declined for the first time in many years.  Both ends of the value spectrum have been affected.  From starter home subdivisions like Ironwood to upscale neighborhoods like Greystone and Highland Lakes.  According to the report 80% [...]

[Read more →]

Tags:·········

Shadow Inventory-What It Is And How It Affects You

May 9th, 2010 by Tom Horn · 6 Comments · Market Trends

To some, the phrase ‘Shadow Inventory’ conjures up dark images and impending doom, kind of like the Darth Vader character from Star Wars.  You may not have heard of shadow inventory as it is not mentioned too much in the mainstream media.  I’ve seen several definitions of shadow inventory, however it typically includes all the [...]

[Read more →]

Tags:·········

Birmingham, Alabama Home Sales-Most Expensive Home Sale in April-2010

May 5th, 2010 by Tom Horn · 6 Comments · Market Trends

Well, the Birmingham Area Multiple Listing Service indicates that the most expensive home sale in April of 2010 occurred in the Greystone development of Hoover, Alabama.  If you follow golf you may have heard of this area.  For many years it was host to a major Senior PGA Tour event.  The golf course is beautiful [...]

[Read more →]

Tags:······