Spanish Fort, AL

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

• A Total of 35 Single Family Homes Sold.
• Average Sales Price was $284,429
• Average Days on Market was 194
• Significantly More 4 Bedroom Homes(26) Sold than 3 Bedrooms(9).

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

1. 10 homes sold in the $300,000-$399,999 range.
2. 7 homes sold in the $200,000-$249,999 range.
3. 4 homes sold in the $160,000-$179,999 range.
4. 3 homes sold in the $400,000-$499,999 range.

Only one home sold in the over 1 million dollar category. Total dollar volume came to $10,284,066. Financing was involved in 29 sales, while 5 were cash, and 1 sale was 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.

Home for sale at 101 Raphael Semmes Drive, Spansih Fort, AL 36527. To see this home, please call Janet English, RE/MAX By The Bay, 251 591-2411

• 4-5 bedrooms, 3 baths,
• 2834 sf.
• Bonus room, office
• Above-ground pool with large deck
• $259,900

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)

Home for sale at 4 Bugle Retreat, Spanish Fort, AL 36527. To see this home please call Janet English, RE/Max By The Bay, 251-591-2411.

4 bedrooms, 3 baths, bonus room

2833 square feet, built 2006

Large deck

3-car garage

$289,500

 

January is probably the bleakest of months for home sales, between post-Christmas belt-tightening and the frigid weather.

And this past month was no different with 57 sales compared to 89 sales in December 2010 on the Eastern Shore of the Mobile, Ala., metro area. Yet compare those numbers to the 43 sales this time last year and the 56 sales in December 2009 and you see a trend. Sweet, eh?

But sales vs pricing are two very different things. And prices are still under extreme pressure from competing foreclosures in Spanish Fort, Daphne and Fairhope. While just under 10% of the housing inventory is a foreclosure or short sale, these homes draw an incredible amount of attention and virtually all will sell eventually. The same cannot be said about the rest of the inventory.

Pending sales are looking good.

IF this area can rebound from the Gulf Oil Spill - and make no mistake: it has had quite an impact, even on the Eastern Shore - we should be in for an improved year in terms of numbers of sales.

Here are the stats for the Eastern Shore:
Total houses for sale: 990 (95 are foreclosures or short sales)

Spanish Fort: 115
Daphne: 353
Fairhope: 522

Pending sales
Total: 146
Spanish Fort: 26

Daphne: 59
Fairhope: 61

Closed sales for January, 2011
Total: 57, down from 89 in December and 64 in November
Average sales price: $197,999 down significantly from December's $241,646.

Median sales price: $165,750, down from $228,000 in December.

List to sale percentage: 95.01%, steady compared to December's 95.34%.

Spanish Fort: 4
Daphne: 29
Fairhope: 24

(Data from the Baldwin County Multiple Listing Service)