I totally understand how apprehensive buyers are in making the decision to move forward with the purchase of your Mobile, Alabama Metro home, buying your first home or moving to a larger home. In 1968 (in the Olden Days as my children say) when my husband and I purchased our first home, the idea of signing papers committing to pay $110. monthly for 30 years totally freaked us out, we were getting by paying $65 a month for our little 2 bedroom 1 bath home.

The cost to build our new 3 bedroom 2 bath brick home cost us $13,995, financed for 30 years at 8% interest! The lender did not want to give us our loan because he did not feel we could pay nearly twice as much for housing as we were paying in rent, when I pointed out we had paid $125. a month in California the year before, on less income, we got the loan.

When we filed our income taxes, we were able to file a 1040 long form instead of a short 1040A, much to our delight the difference in our taxes was HALF of our house payments for the year! So our home really cost us less than the rent we were paying! Tax laws have changed and your numbers may not turn out with this much difference.

What this means to you, early this morning numbers were running through my head, so I just had to let all of you buyers on the fence know what I was thinking. Number one the low interest rates are HISTORICALLY LOW and all the experts say they will rise and when they do we will have no warning!

I want to tell you about a situation I had with a client buying a Mobile, Alabama home costing $200K, financed at 3.75% interest for 30 years fixed equals a principal and interest payment of $902.75. If the rates rise to 5% the principal and interest payment would be $1,046.43. If they rise to 7% the principal and interest payment will be $1,296.87. I know the first thing that comes into your mind, prices on homes may go down and I will be paying too much, however, if the house goes down to $190K and the interest rate is 7% your principal and interest would be $1,233.20.

A total of $330.55 more a month for a house $10K less! If you have doubts about buying a new home, now is the time to buy.

Showing properties 1 - 5 of 168. See more city of Daphne real estate.
(all data current as of 5/17/2012)

1. $189,900 : 11085 Bulb Dr, Daphne
   
   3 beds, 2 full, 1 part baths

   Home size: 2,098 sq ft

   Year built: 2010

   Days on market: 0

   Walk Score®: 0
2. $159,900 : 114 Montclair Loop, Daphne
   
   3 beds, 2 full, 1 part baths

   Home size: 1,748 sq ft

   Lot size: 8,712 sqft

   Year built: 2005

   Days on market: 0

   Walk Score®: 8
3. $353,500 : 9507 Kasey Ct, Daphne
   
   4 beds, 3 full baths

   Home size: 3,281 sq ft

   Lot size: 8,712 sqft

   Year built: 2012

   Days on market: 5
4. $549,000 : 430 Village Dr, Daphne
   
   4 beds, 3 full, 1 part baths

   Home size: 3,815 sq ft

   Lot size: 16,286 sqft

   Year built: 1976

   Parking spots: 2

   Days on market: 5

   Walk Score®: 12
5. $219,900 : 9580 Marchand Ave, Daphne
   
   4 beds, 3 full baths

   Home size: 2,316 sq ft

   Lot size: 14,560 sqft

   Year built: 2006

   Days on market: 6

   Walk Score®: 14

Listing information deemed reliable but not guaranteed. Read full disclaimer.

A look at Daphne AL real estate market data shows average listing price up and median sales price down.  According to trulia.com data, the average listing price for homes in Daphne is $234,435, which is up 0.6 percent from last week, for the week ending in November 23^rd.  Median sales price is at $151,050 and has decreased by 2.7 percent when compared to the same period of time last year.  There are currently 790 resale and new homes in Daphne AL, according to trulia.com data, which includes 66 homes in the pre-foreclosure, auction, or bank-owned stages of foreclosure.

Other popular zipcodes include Fairhope with an average listing price at $415,593, Gulf Shores with an average listing price of $321,752, and Foley with an average listing price of $182,596.

For more on this or other Gulf Coast AL real estate market data, visit trulia.com.

And for more on buying or selling property in Gulf Coast AL, including Daphne, Fairhope, Spanish Fort, and Mobile AL, contact Barbara Reeves today.

Showing properties 1 - 15 of 188. See more Daphne/Montrose/Spfort community real estate.
(all data current as of 5/17/2012)

1. $224,900 : 6 Lackawanna Ct, Spanish Fort
   
   4 beds, 2 full baths

   Home size: 2,375 sq ft

   Lot size: 29,871 sqft

   Year built: 1997

   Days on market: 0

   Walk Score®: 2
2. $329,800 : 7201 Butterfly Cir, Spanish Fort
   
   4 beds, 3 full baths

   Home size: 2,900 sq ft

   Lot size: 20,000 sqft

   Year built: 2012

   Days on market: 1
3. $353,500 : 9507 Kasey Ct, Daphne
   
   4 beds, 3 full baths

   Home size: 3,281 sq ft

   Lot size: 8,712 sqft

   Year built: 2012

   Days on market: 5
4. $549,000 : 430 Village Dr, Daphne
   
   4 beds, 3 full, 1 part baths

   Home size: 3,815 sq ft

   Lot size: 16,286 sqft

   Year built: 1976

   Parking spots: 2

   Days on market: 5

   Walk Score®: 12
5. $219,900 : 9580 Marchand Ave, Daphne
   
   4 beds, 3 full baths

   Home size: 2,316 sq ft

   Lot size: 14,560 sqft

   Year built: 2006

   Days on market: 6

   Walk Score®: 14
6. $449,900 : 11166 Redfern Rd, Daphne
   
   5 beds, 3 full, 1 part baths

   Home size: 3,522 sq ft

   Lot size: 37,674 sqft

   Year built: 2011

   Days on market: 6

   Walk Score®: 2
7. $359,900 : 8510 Pine Run, Daphne
   
   4 beds, 3 full baths

   Home size: 2,723 sq ft

   Lot size: 21,850 sqft

   Year built: 2000

   Days on market: 7

   Walk Score®: 8
8. $365,000 : 11886 Halcyon Loop, Daphne
   
   4 beds, 3 full, 1 part baths

   Home size: 3,200 sq ft

   Lot size: 27,965 sqft

   Year built: 2011

   Days on market: 8

   Walk Score®: 0
9. $309,900 : 11782 Jericho Dr, Daphne
   
   3 beds, 3 full, 1 part baths

   Days on market: 9
10. $359,900 : 9221 Cedar Ct, Spanish Fort
    
    4 beds, 4 full baths

    Home size: 2,800 sq ft

    Lot size: 12,720 sqft

    Year built: 1999

    Days on market: 9

    Walk Score®: 29
11. $379,900 : MLS # 238955 in Daphne
    
    4 beds, 3 full baths

    Home size: 3,010 sq ft

    Lot size: 20,900 sqft

    Year built: 2000

    Days on market: 12

    Walk Score®: 9
12. $499,900 : 9550 Timbercreek Blvd, Spanish Fort
    
    5 beds, 4 full, 1 part baths

    Home size: 4,300 sq ft

    Lot size: 25,800 sqft

    Year built: 2000

    Days on market: 12

    Walk Score®: 48
13. $609,000 : 31279 Blakeley Way, Spanish Fort
    
    4 beds, 3 full, 1 part baths

    Home size: 4,500 sq ft

    Lot size: 3.10 ac

    Year built: 2007

    Days on market: 14

    Walk Score®: 15
14. $307,000 : 8900 North Lamhatty Ln, Daphne
    
    5 beds, 3 full, 1 part baths

    Home size: 3,165 sq ft

    Lot size: 20,900 sqft

    Year built: 1998

    Days on market: 15

    Walk Score®: 17
15. $299,750 : 9113 Magnolia Ct, Spanish Fort
    
    4 beds, 3 full baths

    Home size: 2,548 sq ft

    Lot size: 29,865 sqft

    Year built: 1994

    Days on market: 15

    Walk Score®: 22

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)

Prices: The average sales price in Baldwin County for May increased 6.55 percent to $221,678 from $208,055
in April. The median sales price decreased 0.32 percent to $156,000. Median sale prices increased in North by
3.06 percent and in Eastern Shore by 28.54 percent. Median sale prices decreased in Central by 13.95 percent,
in South by 3.59 percent, and in Gulf Beach by 9.09 percent in May, 2011.

Sales: Sales for the entire county fell from 373 to 358, or 4.02 percent. North Baldwin showed a total of 14
sales, an increase of 55.56 percent compared to April. Sales in Eastern Shore also increased from 106 to 110 in
May, or 3.77 percent. Gulf Beach decreased 6.21 percent, having a total of 136 sales compared to 145 sales in
April. Central sales decreased 43.75 percent, or from 32 to 18 sales, and South decreased 1.23 percent by a
change of one sale less than the total of 81 sales in April.

Days on Market: Average days on the market for the whole county decreased from 196 in April to 189 in May,
a 3.57 percent change. Eastern Shore increased by 27.61 percent, or from 163 to 208. Decreases resulted in
North Baldwin, by 57.31 percent, Central Baldwin, by 10.66 percent, South Baldwin, by 17.37 percent, and
Gulf Beach, by 10.31 percent – as compared to the previous month.

U.S.: The number of homes sold in the U.S. increased by 36.3 percent in March, 2011. The median sales price
rose 2.4 percent to $159,800, and the average sales price rose to $207,300, a 2.50 percent change. The number
of months required to sell the existing inventory decreased to 8.3. The National Association of Realtors
recommends a 6 to 8 month range for a healthy market.

Overall, the Baldwin residential market showed an increase in all aspects compared to last year. Eastern Shore
showed significant increases compared to both April and last year. Also, North Baldwin showed a 55.56 percent
increase from April in number of sales, which, compared to last year, is a 250 percent increase.

Data Sources: All data taken from the Baldwin Multi-List, Martha Taylor, Office: 251.947.3777, and the National Association of
Realtors: www.realtor.com.

For additional information: DeWayne Cochran, MLS Coordinator, Office: 251.947.3777 or Dr. Don Epley, Director, Center for Real Estate Studies, Mitchell College of Business, University of South Alabama Office: 251.460.6735 or E-mail:
depley@usouthal.edu.

Showing properties 1 - 5 of 232. See more city of Daphne real estate.
(all data current as of 5/17/2012)

1. $189,900 : 11085 Bulb Dr, Daphne
   
   3 beds, 2 full, 1 part baths

   Home size: 2,098 sq ft
2. $100,000 : 104 Lakeview Loop, Daphne
   
   3 beds, 2 full baths

   Home size: 1,926 sq ft
3. $159,900 : 114 Montclair Loop, Daphne
   
   3 beds, 2 full, 1 part baths

   Home size: 1,748 sq ft

   Lot size: 8,712 sqft
4. $142,000 : 29936 Saint Simon St, Daphne
   
   3 beds, 2 full baths

   Home size: 1,256 sq ft

   Lot size: 5,200 sqft
5. $59,900 : 28 Lakeshore Dr, Daphne
   
   2 beds, 1 full, 1 part baths

Listing information deemed reliable but not guaranteed. Read full disclaimer.

We're sorry, but we couldn't find MLS # 220681 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

We're sorry, but we couldn't find MLS # 222982 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Report for the month of April, 2011

Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)

Credit to: http://cres.southalabama.edu for more information

Prices:” The average sales price in Baldwin County for April increased 11.88 percent to $207,392 from $185,362 in March. The median sales price increased 4.33 percent to $156,500. Median sale prices increased in Central by 6.37 percent, South by 35.47 percent and Gulf Beach by 6.31 percent. Median sale prices in the North fell 7.09 percent, and Eastern Shore fell 7.09 percent in April.”

Sales: “Sales for the entire county rose from 343 to 363, or 5.83 percent. Gulf Beach showed a total of 139 sales, an increase of 28.70 percent compared to March. Sales in the North decreased from 10 to 9 in April, or 10 percent. Eastern Shore decreased 0.95 percent with a change of one sale less than the number of sales in the previous month. Central sales decreased 8.82 percent, or from 34 to 31 sales, and South decreased 6.98 percent, dropping from 86 sales in March to 80 sales in April.”

Days on Market: “Average days on the market for the whole county increased from 174 in March to 197 in April, a 13.22 percent change. North Baldwin increased by 159 to 260, by 45 to 214 in the South, by 20 to 226 in Gulf Beach, and by 3 to 162 in Eastern Shore. On the other hand, Central Baldwin decreased by 17.33 percent, or by 26 to 124 in April.”

U.S.: “The number of homes sold in the U.S. increased by 3.50 percent in February. The median sales price fell 1.1 percent to $156,100, and the average sales price fell to $202,300, a 1.70 percent change. The number of months required to sell the existing inventory increased to 8.5. The National Association of Realtors recommends a 6 to 8 month range for a healthy market.”

“Overall, the Baldwin residential market showed a 5.83 percent increase in sales activity, affecting price, ending inventory, and days on the market. Significant activity happened in Gulf Beach, where sales represented 38.29 percent of total sales in all Baldwin County.”

Showing properties 1 - 15 of 188. See more Daphne/Montrose/Spfort community real estate.
(all data current as of 5/17/2012)

1. $224,900 : 6 Lackawanna Ct, Spanish Fort
   
   4 beds, 2 full baths

   Home size: 2,375 sq ft

   Lot size: 29,871 sqft

   Year built: 1997

   Days on market: 0

   Walk Score®: 2
2. $329,800 : 7201 Butterfly Cir, Spanish Fort
   
   4 beds, 3 full baths

   Home size: 2,900 sq ft

   Lot size: 20,000 sqft

   Year built: 2012

   Days on market: 1
3. $353,500 : 9507 Kasey Ct, Daphne
   
   4 beds, 3 full baths

   Home size: 3,281 sq ft

   Lot size: 8,712 sqft

   Year built: 2012

   Days on market: 5
4. $549,000 : 430 Village Dr, Daphne
   
   4 beds, 3 full, 1 part baths

   Home size: 3,815 sq ft

   Lot size: 16,286 sqft

   Year built: 1976

   Parking spots: 2

   Days on market: 5

   Walk Score®: 12
5. $219,900 : 9580 Marchand Ave, Daphne
   
   4 beds, 3 full baths

   Home size: 2,316 sq ft

   Lot size: 14,560 sqft

   Year built: 2006

   Days on market: 6

   Walk Score®: 14
6. $449,900 : 11166 Redfern Rd, Daphne
   
   5 beds, 3 full, 1 part baths

   Home size: 3,522 sq ft

   Lot size: 37,674 sqft

   Year built: 2011

   Days on market: 6

   Walk Score®: 2
7. $359,900 : 8510 Pine Run, Daphne
   
   4 beds, 3 full baths

   Home size: 2,723 sq ft

   Lot size: 21,850 sqft

   Year built: 2000

   Days on market: 7

   Walk Score®: 8
8. $365,000 : 11886 Halcyon Loop, Daphne
   
   4 beds, 3 full, 1 part baths

   Home size: 3,200 sq ft

   Lot size: 27,965 sqft

   Year built: 2011

   Days on market: 8

   Walk Score®: 0
9. $309,900 : 11782 Jericho Dr, Daphne
   
   3 beds, 3 full, 1 part baths

   Days on market: 9
10. $359,900 : 9221 Cedar Ct, Spanish Fort
    
    4 beds, 4 full baths

    Home size: 2,800 sq ft

    Lot size: 12,720 sqft

    Year built: 1999

    Days on market: 9

    Walk Score®: 29
11. $379,900 : MLS # 238955 in Daphne
    
    4 beds, 3 full baths

    Home size: 3,010 sq ft

    Lot size: 20,900 sqft

    Year built: 2000

    Days on market: 12

    Walk Score®: 9
12. $499,900 : 9550 Timbercreek Blvd, Spanish Fort
    
    5 beds, 4 full, 1 part baths

    Home size: 4,300 sq ft

    Lot size: 25,800 sqft

    Year built: 2000

    Days on market: 12

    Walk Score®: 48
13. $609,000 : 31279 Blakeley Way, Spanish Fort
    
    4 beds, 3 full, 1 part baths

    Home size: 4,500 sq ft

    Lot size: 3.10 ac

    Year built: 2007

    Days on market: 14

    Walk Score®: 15
14. $307,000 : 8900 North Lamhatty Ln, Daphne
    
    5 beds, 3 full, 1 part baths

    Home size: 3,165 sq ft

    Lot size: 20,900 sqft

    Year built: 1998

    Days on market: 15

    Walk Score®: 17
15. $299,750 : 9113 Magnolia Ct, Spanish Fort
    
    4 beds, 3 full baths

    Home size: 2,548 sq ft

    Lot size: 29,865 sqft

    Year built: 1994

    Days on market: 15

    Walk Score®: 22

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Daphne AL’s real estate market updates reveal an increase in average listing price and a decrease in median sales price.  Compared to data from the same time frame last year, average listing price has gone up by 1.4 percent to $238,086.  Based on trulia.com‘s data of 61 home sales from October 2010 to December 2010, median sales price has decreased by 5.8 percent to $145,000.  Popular areas for home sales in Baldwin County AL include Daphne, Fairhope, Gulf Shores, and Orange Beach.

It’s still a great time to buy in Daphne AL, with a decrease in median sales price and an increase in the number of recent sales showing the area’s popularity and the great values available.  For more information on buying or selling in Daphne AL, contact experience local agent Barbara Reeves today.

In a recent report from the Press Register, Daphne Utilities will need to invest an annual amount of $3 million in its infrastructure over the next three years to meet the growing demands of new customers.  In an effort to pay for this maintenance and the necessary upgrades, the utilities’ board may consider raising rates this year; expected increases include approximately 2 percent for water and 10 percent on sewer.

Some of the projects that have been mentioned thus far for Daphne Utilities in the next three years include an upgrade to solid waste processing that will reduce or completely eliminate odors, the installation of a new screening system, and the installation of new pumps and holding tanks.

The number of customers served by the system has grown by 25 percent in the past six years, making these upgrades a necessary solution to continue to support the current customers as well as those anticipated in the coming years.

For more information on real estate in Daphne AL contact your local realtor Barbara Reeves today.

With roughly 1000 active home listings between Spanish Fort, Daphne and Fairhope, the Eastern Shore real estate inventory is excellent! This is the time to buy in this charming area, and your local agent Barbara S. Reeves is the one to assist you!

In November, 26 homes sold in Daphne for an average price of $173,103 or $84.29/ square foot. At 134 average days on the market, Daphne homes are among the slowest moving. There are 46 homes pending sale with an average of $235,226 or $93.81/ square foot.

Spanish Fort, with 140 homes on the market, saw just 5 homes sold in November, with the average sales price of $246,880 or $113.81/ square foot. Sixteen homes are pending sale with an average price of $276,700 or $118.82/ square foot. 

Down the highway in Fairhope, there are 411 homes active on the market, averaging $448,646 ($186.96/ sq foot). These homes have been on the market an an average of 176 days. Those 13 homes which sold in November did so after 92 days on the market. The average sales price of $182,115 ($94.07/ sq foot) is much lower than the average list price, not uncommon in the current housing environment.