Alabama Markets Heating Up
by Blanche Evans
Realtors across the state of Alabama are reporting favorable market conditions, with some markets in a fever and all are optimistic about spring sales. Auburn "Auburn real estate has proven to be a strong market for the past few years," says Realtor Allan Horwitz, "This is still the situation as buyers are quickly finding out. Currently, there is a high demand for building lots, single-family properties at almost all price levels and properties near the Auburn University Campus. Investors seem to be a bit cautious in purchasing condos and duplexes. This is possibly due to the number of vacant rental units. Free-standing investing is as strong as ever. Foreclosures are almost nonexistent in this strong market." Property within walking distance of Auburn University is bringing top dollar. "It has become an investor's dream. Regardless of condition, property is selling due to the demand for free-standing housing. Rental properties are not as strong, possibly due to new construction of dorm rooms and condo projects." Birmingham "In 30 years, the Birmingham real estate market has not suffered a significant dip," says Realtor Jan Camp, "it is now time to soar in 2004. With the Birmingham community on an upward trend of buying and selling, the city is booming, as this is seen as a time of wise investment in homeownership." Gulf Shores "While the economy may not be doing well in many areas of the country," observes Realtor Bobby Hill, "this market is in its strongest position in history. A volatile stock market and the lowest interest rates in 40+ years has made this a sellers' market with many water-oriented properties coming on the market and lasting less than a week. In the past, these properties could usually be purchased for three to five percent less than listed price; in today's market, most properties are selling at or above list price. I've been advising buyers: 'The property you looked at today and plan to buy tomorrow is the property somebody looked at yesterday and plans to buy today.'" | 
