Birmingham Appraisal Blog

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Entries Tagged as 'Alabama Market trends'

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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Birmingham, Alabama Home Sales-Least Expensive Home Sale in October-2010

November 5th, 2010 by Tom Horn · 5 Comments · Market Trends

In the past I have been telling you about the most expensive home sale in the Birmingham, Alabama area, however this month I thought I would look at the opposite end of the price range and look at the least expensive home sale. Foreclosures are all over the news now, and as you may surmise, [...]

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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 [...]

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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 [...]

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Shadow Inventory-What It Is And How It Affects You

May 9th, 2010 by Tom Horn · 8 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 [...]

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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 [...]

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

April 20th, 2010 by Tom Horn · 2 Comments · Market Trends

I thought readers may find it interesting to know what the highest price paid for a home was and where it is located.  In the Birmingham metro area there are many towns and communities.  The high dollar home for March of 2010 is located in Mountain Brook, Alabama.  A well known actress is from Mountain [...]

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