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 […]
Birmingham Alabama Appraiser : Hoover Alabama-Greystone Market Trends-2010 Update
January 6, 2011 By 2 Comments
I recently did some market research in the Greystone development of Hoover, Alabama for an appraisal assignment I am working on. This development is one of the more popular subdivisions in the Hoover, Alabama market. The neighborhood surrounds a championship golf course that has hosted The Seniors Tour in the past. Although the Greystone development […]
Birmingham, Alabama Home Sales-Least Expensive Home Sale in October-2010
November 5, 2010 By 5 Comments
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, […]
So You Think You Know What a Foreclosure Looks Like, Huh?
June 12, 2010 By 4 Comments
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 […]
Shadow Inventory-What It Is And How It Affects You
May 9, 2010 By 8 Comments
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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