In Real Estate It’s All About What’s Happening Now It’s easy to be so pumped about what’s been happening that we miss out on what is currently going on. This can happen in the real estate market as well. As an appraiser, we must stay on top of what is going on in the market […]
A Quick Look At The Birmingham Housing Market: First Quarter 2022
May 12, 2022 By 6 Comments
So How’s The Birmingham Housing Market? With the first quarter of 2022 under our belts, I thought I would take a quick look at how the numbers stack up against past years, and for March. We’ll take a look at some key metrics including sales volume, median sales price trends, days on market, the sale […]
How High Will The Birmingham Real Estate Market Get?
April 5, 2022 By 2 Comments
Where Is The Birmingham Real Estate Market Headed? Just when you think the Birmingham real estate market can’t get any higher, it does. When I say high, I’m not only talking about sale prices but the number of offers as well. Even though it’s not the highest price ever paid in this area, there was […]
Birmingham Median Home Prices: Feb ’21 vs Feb ’22
March 22, 2022 By 2 Comments
A Look At February Year Over Year Median Sales Price In Birmingham So how’s the Birmingham real estate market looking? This is a question I get asked frequently since I am a real estate appraiser. There are a lot of different ways to look at the real estate market. Today I thought I would focus […]
Understanding The Appraisal Part 3: The Cost Approach
March 10, 2022 By 4 Comments
A Closer Look At The Cost Approach There are three approaches to value that can be used in a residential appraisal. They are the sales comparison approach, the income approach, and the cost approach. Today I will be explaining the cost approach to value. This approach is not given as much attention as the sales […]
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