Reported by Wess Short, REALTOR, ABR®, e-PRO®, GRI
Updated August 24, 2009.
Current Market Rating: 2
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Current Price Trend: 2
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These condomiums and lofts are in the city limits of Birmingham, Alabama. They are all within five minutes of the heart of Birmingham and the University of Alabama at Birmingham. The price range for condominiums and lofts start at $22,900 all the way up to over $1,000,000.
There are a lot of recreational and outdoor activities in Birmingham. Lakes and parks are abundant in Birmingham as well as some excellent golf courses. Plenty of bike paths can be found throughout the city limits as well as picturesque areas for a leisure family picnic. Shopping is also a major draw to Birmingham. There are 8 large malls located in the Birmingham area, including the Summit and Galleria, each with over 200 specialty shops. Birmingham is also home to many very fine restaurant locations. Whether you are looking for elegant dining or a casual deli, you will be able to find it in Birmingham.
Condominium and loft sales have trended down in the last year, but with the $8000 tax credit for first time home buyers, prices and sales have leveled off. The condo/loft market in Birmingham is a cyclical market that revolves around the local colleges and universities. The best time to find a qualified buyer comes in Spring and Fall. The time of the year has everything to do along with price on how easy or hard a property will be to market and sell.
Like most of the country, Birmingham's condo and loft are experiencing buyers bringing lower than asking price offers. These offers are generally accepted which has changed the landscape to more of a buyers market although the sales prices are lower the market has made most of the necessary corrections. There are some great deals on condominiums and lofts in Birmingham that makes now the time for buyers to enter the market.
ZIP Code: 35205 Approximate Location Boundaries: Condominiums in Downtown Birmingham, Highland Park, Southside, UAB
Location Characteristics: Birmingham is the largest city in the state of Alabama and is the county seat of Jefferson County. It also includes part of Shelby County. Birmingham's population was 229,800 according to the 2007 estimate. The city was founded in 1871, just after the U.S. Civil War, as an industrial enterprise and named Birmingham after the major industrial city in the United Kingdom.
The city ranks as one of the most important banking and business centers in the Southeastern United States and is also one of the largest banking centers in the U.S. Birmingham is the headquarters for one Fortune 500 company, Regions Financial, and five Fortune 1000 companies.
The city of Birmingham is served by the Birmingham City Schools system. It is run by the Birmingham Board of Education with a current active enrollment of 30,500 in 67 schools: 11 high schools, 13 middle schools, 34 elementary schools, and 9 K-8 secondary schools. The University of Alabama at Birmingham is one of the best medical schools in the country along with having one of the best liberal arts schools at Birmingham-Southern College.
Birmingham has many cultural events, and recreation activities. The Alabama Theater, Carver Theater, Fair Park Arena, Boutwell Auditorium, Birmingham-Jefferson Convention Complex (BJCC) all hosts film screenings, concerts and performances. Located on UAB campus The Alys Stephens Center for the Performing Arts is home to Alabama Symphony Orchestra and Opera Birmingham as well as several series of concerts and lectures.
About Wess Short:
My name is Wess Short. I attended the University of Alabama at Birmingham and received an undergraduate degree in Social and Behavioral Sciences in May, 2002. I started my real estate career in September, 2002 with RealtySouth after completing the 60 hour pre licensing course. My first listings and sales began in 2003 working with many first time buyers, condos, and new homes. I have earned many designations endorsed by the National Association of REALTORS® including Accredited Buyer's Representative (ABR®), e-PRO® Certification for Internet Professionalism, & The Graduate REALTOR® Institute (GRI). I have the experience and education to make your home search simple and hassle free. Call me!!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
