How's the Market offers the latest analysis of the over the mountain real estate market from veteran real estate professionals Mike and Hayden Wald. Each week they'll share their insights on trends in the local housing market including, inventory, pricing, interest rates, and more.

Just Sold! 3432 Water Oak Drive in Countrywood

Thank you to our awesome clients, Bob and Susan Bellows for entrusting the sale of their beautiful home in the Countrywood neighborhood of Vestavia!  

Listed at $624,900, we had 33 showings the first two days the house was on the market, and 6 offers by the third day. All but one of the offers were for significantly more than asking price. The winning offer was $700,000! We believe the strong showing activity and multiple offers are a reflection of our clients' great taste in the finishes they chose for the home, as well as the great care with which they maintained the house through the years. It's also an indication that today's buyers want their next home to be located in a great neighborhood.…

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Happy Clients: Cason and Tyler Daugherty

2037 Highlands Drive in Hoover.

We were first time sellers who decided to sell during a short and hectic timeframe, and it would have been overwhelming without the Wald Group.
Hayden, Mike, and Stacy are outstanding professionals who provided clear guidance and stability to us throughout the entire process. We can’t thank them enough for everything they did for us!

Cason and Tyler Daugherty

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We recently listed 2064 Cahaba Crest Drive in Altadena Woods. It's a beautiful 3 bedroom, 3.5 bath home with finished den down and a spacious, level backyard. The weekend it hit the market, we had 27 showings. By Monday, we had multiple offers and the listing was under contract for well over asking. We believe this level of interest is a strong indication of the neighborhood's popularity. 

Altadena Woods is a wonderful place to live for several reasons- great schools (zoned for Spain Park), convenient location (just south of Vestavia off Caldwell Mill Road), walkable neighborhood, attractively designed homes with great curb appeal, and a nice balance empty nesters and families with kids.

Altadena Woods by the numbers: There are 211 homes in the…

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Just Sold! 3233 Tyrol Road

This beautiful 4 bedroom, 3.5 bath home in Derby Downs recently sold in just two days, after receiving seven offers! The winning contract was $50,000 over the asking price! There are several reasons why there was so much interest in this home- great curb appeal, lots of space, great backyard and more. But, much of what makes a house a great place to call home has to do with the neighborhood where it's located. That's clearly the case with this home which is situated on the corner of Tyrol Road and Derby Drive in one of Vestavia's most popular neighborhoods- Derby Downs. There are a number of compelling reasons why Derby Downs is such a great place to live? First, and this is a common denominator among many of the most popular…

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This beautiful garden home in Caldwell Crossings had showings every 30 minutes all day long on the first Saturday it was listed. The next day the Open House was attended by over 30 groups. By Monday we had received six offers and the winning buyers agreed to pay $20,000 over asking price. Several factors contributed to the popularity of this listing. The home has great curb appeal, a functional and open floor plan, and a spacious level backyard. The location is convenient, too. We also believe that the home's location has the potential to make it a great investment- it's in the path of progress. Empty nesters selling their larger homes in Vestavia and Mountain Brook want their next home to be nearby to the things they've grown accustomed to- their…

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This is hands down one of the most spectacular condos we have ever had the pleasure of selling! A very rare opportunity to own a two-story condo at the highly coveted Arlington Crest Condos with over 3,700 square feet of beautiful finishes. One of our favorite aspects of this 2-story end unit is the amount of natural light from all of the windows. A close second would be the impressive views of downtown Birmingham from the spacious 7th floor balcony. Go see for yourself! Click on the link below and take a tour of the Gibson's breathtaking condo. 

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3200 Sawyer Trail. Under contract for significantly more than list price!

Homes for sale in Ross Bridge are clearly in high demand- especially for the reasonably priced listings in the Sawyer Trail neighborhood. This charming modern farmhouse style home with 3 bedrooms and 2 baths hit the market this past Saturday with 15 showings! By Saturday night our sellers had received several very attractive offers. After consulting with Hayden about the offers, the sellers made their choice. Their house was under contract in less than a day! Several factors contributed to the successful marketing of Chris and Christin's beautiful home. First, Sawyer Trail is a fun, walkable neighborhood featuring a clubhouse and pool. Second, their one-level home has wonderful…

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Under Contract with Multiple Offers! The Vestavia market is continues to strengthen.

3233 Tyrol Road, in the popular Derby Downs neighborhood of Vestavia Hills, was shown over 30 times the first weekend it was on the market. Our seller received 8 offers! All but one of the offers was for more than the list price. Several offers were well over asking. We believe several factors contributed to this listings strong showing in the market. First, our seller was willing to follow our recommendations and make several modest improvements to insure the home would be well received by prospective buyers. Second, we were careful to price the home at a level that would attract the listings best prospects. And finally, it's a great house! It's situated on a great…

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Clients that are concerned about the increasing price of residential real estate, often ask us if we are in the midst of a market bubble. Although the increase in home prices is exceeding the historical average, there is no indication that we are in an artificially inflated market that is on the verge of collapsing. If you want to sound really smart around your friends, or you're an economics nerd like us, we think you will really enjoy the attached article. This article will walk you through six different real estate metrics that show the 2021 real estate market is nothing like the early 2000's bubble market leading up to the crash. Remember the blockbuster movie The Big Short? Financial experts predicted and took advantage of the housing bubble,…

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An article in today's Wall Street Journal citing the Case-Shiller Index, stated that U.S. home prices are increasing at the fastest pace in 15 years! The price increases reflect how fiercely buyers are competing for the limited number of available listings.

According to the article, "A number of forces have merged to fuel the red hot housing market, including mortgage rates dropping below 3% in July for the first time ever. Millions of millennials in their 30s. New-home construction has lagged behind demand and homeowners are holding on to their houses longer. At the same time, the pandemic worsened the already severe shortage of homes for sale. Low interest rates prompted more homeowners to refinance and stay put instead of moving. Others delayed…

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