I was in Montevallo, Alabama last week on an appraisal assignment and thought I would share with you the sales data I came up with. Montevallo is in southern Shelby County and is the home of the University Of Montevallo, The American Village, and the new Alabama National Cemetery for Veterans. The majority of sales [...]
Entries Tagged as 'Market Trends'
A Look At The Absorption Rate In Pelham, Alabama, Ballantrae Subdivision-Pt. 2
January 4th, 2012 by Tom Horn · 6 Comments · Appraisal, Market Trends
We took a look at the entire Pelham, Alabama market with the last blog post I wrote. Today we are going to narrow things down a bit to the subdivision level and even a certain style of home. Of the 222 sales that occurred in Pelham, AL from 12/15/2010 to 12/15/2011, 59 sales occurred in [...]
Tags:absorption·absorption rate·AL·balanced market·ballantrae·Ballantrae Subdivision·buyer's market·inventory·pelham·seller's market·shelby county
A Look At The Absorption Rate In Pelham, Alabama, Pt. 1
January 2nd, 2012 by Tom Horn · 11 Comments · Appraisal, Market Trends
You may have heard the term “Absorption Rate” before but not really know what it means. The absorption rate is a measure of how long it will take to sell the current inventory of homes in a given market. This market can be on a large scale such as for the entire country, or it [...]
Tags:absorption·absorption rate·AL·balanced market·buyer's market·inventory·pelham·seller's market·shelby county
A Look At The Market For Lake Front Homes In Shelby County, Alabama in 2011
December 23rd, 2011 by Tom Horn · 6 Comments · Market Trends
I recently finished an appraisal assignment on a lake front home in Shelby, Alabama and thought I would share with you my findings. As in other sectors of the Birmingham, AL area real estate market, lake front home have experienced a decrease in sales volume. Check out the numbers below going back to 2005. As [...]
Tags:Alabama·columbiana·homes·lake·lake front·lakefront·Lay Lake·property values·Shelby·shelby county·value trends·wilsonville
Assessing The Health Of The Birmingham, AL Real Estate Market-Foreclosure Trends
December 16th, 2011 by Tom Horn · 4 Comments · Appraisal, Market Trends
Today I thought I would take a look at one of the key elements in assessing the health of the Birmingham, AL real estate market. There are different key indicators including number of sales, change in mean and average sales price, and number of active listings (inventory) to name a few, but today I decided [...]
Tags:Alabama·alabaster appraiser·birmingham appraiser·distressed sales·foreclosure sales·foreclosure trends·hoover appraiser·jefferson county appraiser·pelham appraiser·real estate health·reo sales·shelby county appraiser·short sales
Birmingham, Alabama Home Sales-Most Expensive Home Sale YTD-November 2011
November 21st, 2011 by Tom Horn · 2 Comments · Appraisal, Market Trends, Photos From The Field
It’s been a while since I looked at the most expensive home sale in the Birmingham, Alabama area. I took a break from this subject for a while but then discovered this was a pretty popular search topic for readers of my blog, so I decided to revisit the “most expensive home sale” and see [...]
Tags:AL·Birmingham Alabama Property Values·executive homes·home prices·house prices·most expensive home sale·pam ausley·property value·REMAX·shelby county·wilsonville
Signs of Real Estate Life In Vestavia Hills, Alabama-Miller Hill Subdivision
November 4th, 2011 by Tom Horn · 4 Comments · Appraisal, Market Trends, Photos From The Field
I was doing some appraisal work in Vestavia Hills, Alabama this past week and ran across the Miller Hill Subdivision. This is a newer subdivision with new construction. I’ve reported in the past about the slow market for new construction, so when I see it I like to let people know the good news. It [...]
Tags:Alabama·Miller Hill·new home construction·Real Estate Appraisal·Real Estate Appraiser·Signature Homes·vestavia hills
Birmingham, AL: Greystone Market Update-October 2011
October 19th, 2011 by Tom Horn · No Comments · Market Trends
So I thought I would share with you my latest findings for the Greystone Development in Birmingham, AL. Greystone is located in the Hoover area of Birmingham, in north Shelby county. Over the past 12 months the mean sales price of all homes in this subdivision has varied due to the type of homes that [...]
Tags:Alabama·Birmingham·Greystone·home prices·Home Values·Hoover·shelby county
The Good, The Bad, and The Ugly in Shelby County Home Sales
August 3rd, 2011 by Tom Horn · 4 Comments · Market Trends
You may wonder what I am referring to when I state “The Good, The Bad, and The Ugly in Shelby County Home Sales”. I am referring to new home sales, foreclosure sales, and the percentage of foreclosures compared to total sales activity in the Shelby County, Alabama area. By looking at these figures we can [...]
Tags:Alabama·Foreclosures·Home Sales·House Sales·new construction·Sales Statistics·shelby county
Waterford Subdivision, Calera, AL-2011 Price Trend Update
July 11th, 2011 by Tom Horn · No Comments · Market Trends
If you live in the Waterford subdivision in Calera, Alabama and have been wondering how property values have been doing, I may have the answer for you. I was in the subdivision recently working on a job and collected some interesting sales data. For those not familiar with this neighborhood, Waterford subdivision is located in [...]
Tags:AL·Calera·home prices·house sales statistics·Price trend·property values·Sales Statistics·waterford·waterford subdivision
