Daphne, AL

New construction home building is still alive and well in Baldwin County, AL thanks to D.R. Horton and their top selling Dunmore subdivision in Daphne.

The two hottest segments of the Baldwin County real estate market are distressed properties and new construction homes. D.R. Horton is having great success with their new construction home offerings by providing an attractive product in desirable locations. Dunmore is a short drive to all that Fairhope and Daphne have to offer, in addition to Interstate 10.

Dunmore has two additional incentives for prospective homebuyers, as its homes are eligible for USDA mortgage financing and the subdivision is located within the popular Fairhope School district. Search Dunmore Subdivision Homes for Sale in Daphne, AL.

USDA home loans are one of the last remaining 100% financing mortgage products available to homebuyers that lack the minimum 3.5% financing for a standard FHA loan. This benefit, combined with the closing costs assistance offered by D.R. Horton, create a serious advantage for First Time Homebuyers. Growing families, in need of more square footage but can’t quite afford Fairhope prices, will love the fact that they can buy in Dunmore and not take their children out of the Fairhope public school system.

New home prices are down, interest rates are low and builder incentives are up, so now is a great time to look for a new construction home for sale in Baldwin County, AL!

Our SouthAlabamaLiving Team Buyer Specialists at Keller Williams Realty Alabama Gulf Coast have a great deal of experience working with the D.R. Horton sales staff from Daphne to Gulf Shores, AL. As with any real estate transaction, we feel that it is imperative the prospective new construction homebuyers seek professional representation from a licensed Realtor. Our experience with working with D.R. Horton will ensure that you get the best deal possible on your new home. Call our Lead Buyer Specialist, Diana Will, today at 251-508-1336 to schedule a new construction home buying consultation and give yourself the best chance at a good deal and rewarding home buying experience!

Timbercreek is one of the premiere communities on the Eastern Shore of Mobile Bay, with a top rated golf course, great public and private school options and close proximity to Interstate 10.

Timbercreek's location is hard to beat, as everything you could possibly want in terms of shopping and dining is at your fingertips. The Eastern Shore Centre, just across Highway 181, offers a multitude of shopping (Pottery Barn, Williams-Sonoma, Ann Taylor Loft, Coldwater Creek, Jos. A. Bank, Talbots, Hollister Co.) and dining options. There is also a Dancing Water Fountain, which is a great place to take the kids to play. Lowe's and Sam's Club are less than 1 mile away from the main entrance of Timbercreek.

Search Timbercreek Subdivision Homes for Sale in Daphne, AL

Real Estate in Timbercreek reflects the strong buyer's market that is occuring in the majority of communities across the country. The current avereage days on market is 122, with a high of 412 days. Home values in Timbercreek range from approximately $200,000 to over $800,000. The average list price is $425,525 and the average selling price is $276,494. There have only been 2 sales over 300K in 2010.

Helpful Links:

• Timbercreek Golf Club
• Timercreek Property Owners Assocaiton
• Eastern Shore Centre
• Baldwin School Info Center
  
• Spanish Fort Public Schools
• Bayside Academy - Private School
• City of Spanish Fort
• City of Daphne

A recent look back at the Daphne AL homes sales over a 3 month selling period from September 1, 2011-November 30, 2011 reveals the following data:

• A Total of 120 Single Family Homes Sold.
• Average Sales Price was $165,878
• Average Days on Market was 153
• Slightly More 3 Bedroom Homes(68) Sold than 4 Bedrooms(52).

Of all of the homes that sold, the Top Selling Price Ranges were:

1. 16 homes sold in the $250,000-$299,999 range.
2. 12 homes sold in the $200,000-$249,999 range.
3. 16 homes sold in the $160,000-$179,999 range.
4. 12 homes sold in the $140,000-$159,999 range.
5. 16 homes sold in the $120,000-$139,999 range.
6. 12 homes sold in the $100,000-$119,999 range.

No homes sold in the over 1 million dollar category, or over $500K. Total dollar volume came to $20,467,689. Financing was involved in 92 sales, while 26 were cash, and 2 sales were considered other or vendor's lien deed.

At the time of report there were 2,546 single family homes for sale on the Baldwin MLS.

These numbers do not include condos or land/lot sales or statistics.

*Data was extrapolated from the Baldwin County Association of REALTORS and National Association of REALTORS reporting system.

The Community of Malbis Real Estate and Living

The community of Malbis has a deep rooted history on Mobile Bay's eastern shore, dating back to the early 1900s. During this time, Greek immigrants selected the area as their new home and began to build new lives for themselves and many of their fellow countrymen soon followed. Community leaders opened the Malbis Memorial Church in 1965, a replica of a Byzantine church in Athens, Greece. The church was constructed of timeless materials, imported from an older world, and remains to this day as one of the most magnificent structures in Baldwin County, AL.

Search Malbis Residnetial Real Estate Listings for Sale in Daphne, AL

The community of Malbis is experiencing tremendous growth, due to a popular school system and easy access to the I-10. Subdivisions like Historic Malbis and the upscale Woodlands at Malbis, are two of the more prominent area subdivisions. Historic Malbis offers a garden style home community and arguably the most convenient location in the City of Daphne, in terms of location to shopping and dining. Historic Malbis is also home to Bay Community Church, which offers a spiritual message to packed house every Sunday.

Home sales on the Eastern Shore of Mobile, Ala., rose 18% in March, with 100 homes sold in Spanish Fort, Daphne and Fairhope.

This follows 57 sales in January and 82 in February.

A third of the sales were short sales or foreclosures; another third, new construction; and the rest, existing home sales. Foreclosures and short sales make up only 9 percent of the homes currently listed.

Pending sales remain consistent with 179 homes under contract, compared with 173 homes under contract this time in March.

Here are the stats for the Eastern Shore:
Total houses for sale: 1,024 (92 are foreclosures or short sales)

Spanish Fort: 133
Daphne: 347
Fairhope: 544

Pending sales
Total: 179
Spanish Fort: 26

Daphne: 75
Fairhope: 78

Closed sales for March, 2011
Total: 100
Average sales price: $204,757, down from $249,939 in February, but up from January’s $197,999.

Median sales price: $177,500, down from $183,000 in February, but up from $165,750 in January.

List to sale percentage: 95,97%, which is strong than 94.72% in February.

Spanish Fort: 16
Daphne: 44
Fairhope: 40

(Data from the Baldwin County Multiple Listing Service)