October 2011 home sales in Spanish Fort, Daphne and Fairhope slow

Home sales on the Eastern Shore slowed last month, with sales falling from 92 in September to 76 in October. The decline in home sales in Fairhope, Daphne and Spanish Fort -- home to the suburbs of Mobile, AL -- is typical for this time of year.
Pending sales indicate stronger months ahead with 159 homes under contract, compared with 149 this time last year. Showings of homes for sale in Spanish Fort, Daphne and Fairhope have picked up.

In October, foreclosures represented 28% of sales and new construction, about 19%.

Here are the stats for the Eastern Shore:
Total houses for sale: 926
Homes for sale in Spanish Fort AL: 137
Homes for sale in Daphne AL: 322
Homes for sale in Fairhope AL: 467

Pending Sales:
Total: 159
Spanish Fort: 23
Daphne: 84
Fairhope: 55

Closed sales for October, 2011
Total: 76
Average sales price, $197,251, down from $213,523 in September, but up from $192,061 in August.
Median sales price: $168,800, down from $171,838 in September, but again up from $163,893 in August
List to sale percentage: 94.16%, a slight decline from 94.68% in September
Spanish Fort: 9
Daphne: 40
Fairhope: 38