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 […]
A Look At The Absorption Rate In Pelham, Alabama, Ballantrae Subdivision-Pt. 2
January 4, 2012 By 6 Comments
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 […]
A Look At The Absorption Rate In Pelham, Alabama, Pt. 1
January 2, 2012 By 11 Comments
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 […]
Birmingham, Alabama Home Sales-Most Expensive Home Sale YTD-November 2011
November 21, 2011 By 2 Comments
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 […]
Waterford Subdivision, Calera, AL-2011 Price Trend Update
July 11, 2011 By Leave a Comment
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 […]
Let’s Connect