Is the Stock Market Rally Affecting Over-the-Mountain Home Prices?
Posted by Mike Wald on
Is the Stock Market Rally Affecting Over-the-Mountain Home Prices?
Tuesday Note: Lessons from helping more than 1,800 families
One question Hayden and I keep coming back to lately: is the stock market rally quietly reshaping the over-the-mountain housing market? We think the answer is yes — and we're seeing it most clearly in Mountain Brook, Vestavia, and parts of North Shelby, especially when a truly special property comes along.
Most homes in our market are still selling within a few percent of asking. That's normal in a competitive market with limited inventory. But almost every week, we see something very different. A trophy property hits the market, and the final number is dramatically higher than expected.
Not 5% over list. Sometimes…
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For years, homeowners have been told that swimming pools are a poor investment. They're expensive. They're hard to maintain. They'll make your house harder to sell.
Home sweet Homewood! Charming bungalow in the heart of the highly desirable Edgewood community. This beautiful home has been updated throughout offering lots of stylish finishes. This main level floor plan features 3 bedrooms, 2 bathrooms and a large bright open kitchen with stainless steel appliances, show stopping brick breakfast bar and bar with wine fridge making entertaining guests a breeze. The spacious primary features updated ensuite with large walk in shower, soaking tub and double vanity. You will enjoy spending time outside whether it's entertaining friends or relaxing on a warm summer evening on the large deck overlooking your fenced backyard. Close to shops, dining,…
