Birmingham Appraisal Blog

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Entries Tagged as 'Market Trends'

10 years of sales in the Liberty Park subdivision of Vestavia Hills, Alabama

May 15th, 2012 by Tom Horn · No Comments · Appraisal, Market Trends

Liberty Park is an upscale subdivision located in the city of Vestavia Hills, Alabama.  It is well recognized because of the Statue of Liberty replica that is located at its entrance.  The statue was originally made for the Liberty National Life Insurance Company in downtown Birmingham, however in 1989 it was moved to its current [...]

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A look at 10 years of unemployment in Shelby County, Alabama

May 7th, 2012 by Tom Horn · 2 Comments · Appraisal, Market Trends

An announcer on the radio several days ago stated that interest rate are at their lowest level ever, going back to when they began keeping records.  This is very good news for home buyers but it makes me wonder if it will have a significant impact on home sales.  Interest rates have been low for [...]

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So, How IS The Birmingham, Alabama Real Estate Market??

April 30th, 2012 by Tom Horn · 4 Comments · Appraisal, Market Trends

Funny you ask.  I get asked this question a lot and I have my own thoughts, but it’s nice to know that other professionals agree.  In addition to experiencing the local Birmingham market from a first hand experience, I read a lot of market data to assist me in my real estate appraisal business. Local [...]

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What 5 Years of house sales can tell us about property values in the Highland Lakes subdivison of Shelby County Alabama

April 19th, 2012 by Tom Horn · 2 Comments · Appraisal, Market Trends

The Highland Lakes subdivision in Shelby County, Alabama is not unlike other neighborhoods around Birmingham.  It has also been effected by the slowdown in the real estate market and the downward trend in property values.  Over the past 5 years the total number of sales have decreased as well as the number of home sales [...]

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Then and Now: Comparing Alabama’s Peak Years To The Current Market-Part 2

April 17th, 2012 by Tom Horn · No Comments · Appraisal, Market Trends

In my last post I looked at how the current real estate market in the Birmingham, Alabama area is performing compared to peak years in the past by analyzing the median price and number of sales that have occurred.  Data has been taken from reports published by the Alabama Center for Real Estate (ACRE).  This [...]

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Then and Now: Comparing Alabama’s Peak Years To The Current Market-Part 1

April 11th, 2012 by Tom Horn · 2 Comments · Appraisal, Market Trends

As a real estate appraiser in the Birmingham, Alabama market I am very interested in how the housing market is performing.  While we still have a long way to go to reach the levels we attained years ago, I do believe 2012 will turn out to be a year that shows positive trends in that [...]

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What’s happening to home sellers in the Birmingham, Alabama market?

April 2nd, 2012 by Tom Horn · No Comments · FSBO Tips, Market Trends

I am the biggest proponent of getting an appraisal for home owners wanting to sell.  You might say “of course you are, you’re an appraiser”, but guess what?, the word is getting out!  I say this because I have performed more “pre-listing” appraisals recently than normal. I think this is a good sign that homeowners [...]

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What are the best indicators of a recovery for the real estate market?

March 2nd, 2012 by Tom Horn · 2 Comments · FAQ's, Market Trends

In a recent article by the Alabama Center For Real Estate (ACRE) it was reported that January 2012 residential home sales in the state of Alabama were up 17.6% from a year ago (2011).  This announcement followed up the news that 2011 saw an increase of 2% over 2010.  Great news, right? Of course any [...]

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An interesting trend in the Birmingham, Alabama real estate market

February 13th, 2012 by Tom Horn · No Comments · Appraisal, Market Trends

I have noticed an interesting trend in the Birmingham, Alabama real estate market.  The trend involves the segmentation of the market in various areas, but mainly where foreclosure activity is prevalent.  I noticed it most recently in the Centerpoint area of Birmingham.  The segments include the following: foreclosures “normal sales” and flip properties The “normal” [...]

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Six years of sales activity in the Brook Highland subdivision, Shelby County, Alabama

January 23rd, 2012 by Tom Horn · 2 Comments · Appraisal, Market Trends

I like to share market data I get when I do appraisals in different areas.  I’ve included sales from the Brook Highland subdivision in the Inverness area of north Shelby County.  The sales are from January 2005 to December 2011.  The graph charts the median sales price for each quarter for all seven years. The [...]

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