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, Ballantrae Subdivision-Pt. 2
January 4, 2012 By 6 Comments
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 […]
Signs of Real Estate Life In Pelham, Alabama-Ballantrae Subdivision
April 18, 2011 By 4 Comments
There is a lot of doom and gloom being written in the media today about the real estate market, so whenever I see any positive signs I like to report on them. New construction in today’s market has slowed down when compared to 3-5 years ago, but to me it is a positive sign that […]
What’s Happening To The Townhouse Market In The Alabaster/Pelham/Helena Area?
March 7, 2011 By 2 Comments
I recently completed an appraisal assignment in Alabaster, Alabama for an attached townhouse unit and I wanted to share with you what I found. The graph shows townhouse sales in the area from January 2005 to February 2011. As you can see, values are definitely declining. Based on the property I was appraising, the search […]
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