Valuation
of Lay Lake, AL
Experts at Baker
Valuation in Birmingham, Alabama have researched the potential
value of lake property investments in the Alabama market. Their
studies show that Alabama lake properties, particularly waterfront
lots, have shown a phenomenal annual sales price increase in recent
years. Data for the study was gathered from authoritative resources
such as the various MLS web sites for each area.
Of all the lakes studied, Lay Lake shows the most potential for
increased gains. Lay Lake has remained relatively undeveloped compared
to the others and is located within 45 minutes of a significant
portion of the Birmingham-Hoover area's wealthy population. According
to a New York credit analyst's study, income levels and per capita
effective buying income are at 196% and 167% of state and national
levels, respectively. In fact, the Birmingham-Hoover MSA's
Economic Strength ranking was 4th nationwide in 2006 and has
improved steadily each year since at least 2004. |
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