The Eastern Shore of Alabama consists of Fairhope, Point Clear, Daphne, Montrose, & Spanish Fort which are situated on the eastern shore of Mobile Bay.
The NAR market report for September through November reveals 172 homes sold, and 14 condos, for the above mentioned areas only.
The top three price categories for residential homes only were:
The average days on market were 162 for all of the 172 homes that sold.
In this time-frame, there were 555 total new listings, with a total of 3638 active residential homes and 2300 active condo listings.
Total dollar volume sold for residential homes was $44,294,631.00, with an additional $2,550,300 in condo sales.
Residential homes and condos collectively were financed or paid for as follows:
Recently, Forbes.com named the Eastern Shore area as #4 in the nation as being recession-proof. This designation was based largely on the number of homes owned that are mortgage-free, which is exemplified by the 40 cash sales mentioned above, and the high average number of people in this area possessing atleast a Master's degree.
Top 10 Most Promising Housing Markets
According to the housing forecast provided by Housing Predictor (11/15/08) for 250 markets, Mobile, Alabama has landed on the Top 10 Most Promising Housing Markets list, with a 3.9% increase in sales price for 2008. Going against the national trend, Mobile is expectd to continue with positive job and economic growth. Below is the entire list.
THERE ARE MANY PLEASURES TO BE FOUND IN THE UPSCALE TIMBERCREEK COMMUNITY FROM PLAYING A ROUND OF GOLF OR TENNIS, TAKING A SOOTHING SWIM IN ONE OF THE BEAUTIFULLY MAINTAINED POOLS, WORKING OUT IN THE FITNESS CENTER, WALKING OR RUNNING ON THE ENDLESS NEIGHBORHOOD SIDEWALKS, OR ENJOY ONE OF THE POPULAR COMMUNITY EVENTS HELD AT THE COMMUNITY CENTER. NEED STORAGE FOR YOUR BOAT OR TRAILER? NO PROBLEM. FOR A VERY LOW MONTHLY FEE, TIMBERCREEK HAS STORAGE AREAS AVAILABLE FOR RESIDENTS.
YOU WILL LOVE THE QUIET SERENITY FOUND IN TIMBERCREEK, BUT YOU ARE JUST MOMENTS AWAY FROM EASTERN SHORE CENTRE/MALBIS MALL WHERE YOU WILL FIND DILLARDS, MICHAEL'S, ROSS, TUESDAY MORNING, BED-BATH & BEYOND, OLIVE GARDEN, RUBY TUESDAY AND MANY OTHER SHOPPING & DINING VENUES. IN ADDITION, A NEW MOVIE THEATER IS CURRENTLY UNDER CONSTRUCTION. ENJOY CONVENIENT ACCESS TO I-10 & MOBILE BAY, JUBILEE SHOPPING CENTER, AND A NEW SHOPPING CENTER UNDER CONSTRUCTION TO INCLUDE BASS PRO SHOP, KOHL'S, & CIRCUIT CITY TO MENTION JUST A FEW.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved