Housing Trends in Crestwood and Avondale are Looking Good
Have you been curious about home sales in the Crestwood and Avondale area of Birmingham? If so, I hope you will stick around because we’re going to take a look at past sales and current trends to see where this popular area of Birmingham is headed.
Both the Crestwood and Avondale neighborhoods are located just east of the downtown central business district of Birmingham in Jefferson County Alabama. They are adjacent to each other, with both experiencing a resurgence in popularity over the last several years.
How Appraiser’s Search for Comps
In addition to performing appraisals for his clients Tom Horn is also active in speaking at local real estate offices and agent meetings to discuss the local Birmingham, Alabama area real estate market as well as educating agents on why and how appraisers do what they do. He shares market trends about the various communities and neighborhoods he performs work in. He also shares tips and tricks that agents can use when pricing their listings so that their pricing follows the process appraisers use. By doing this Tom has found that there is less of a discrepancy between the eventual contract price and the appraisal obtained for mortgage lending purposes. He welcomes invitations from local real estate offices to participate in sales meeting to help educate their agents.