Financial Considerations

Mobile’s February Property Sales Report

By Barbara Reeves | Published: March 17, 2009

February was a difficult month nationwide for housing, and Mobile County was not exempt. In the Springhill/ USA area, February saw 11 homes sold for an average of $175,695 ($112.22/sq ft). This is a 24% drop from January. Nineteen pending sales averaging $265,643 ($94.04/ sq ft) is a significant drop from January’s $300,738 average ($113.57/ sq … Continue reading Mobile’s February Property Sales Report

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Daphne Home Prices Drop Again in Feb

By Barbara Reeves | Published: March 10, 2009

List prices for Daphne homes on the market and those pending sale were pretty steady compared with January figures. Sold homes, however, dropped from an average of $220,071 (or $99.89/ square foot) to $191,312 in January ($82.13/sq foot). This represents a fifteen percent loss in one month; certainly something that has not and should not … Continue reading Daphne Home Prices Drop Again in Feb

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Spanish Fort Homes Selling Relatively Quickly

By Barbara Reeves | Published: February 19, 2009

In January 2009, homes sold in Spanish Fort averaged only 81 days on the market, slower only than the Municipal Park and West Mobile County areas.  The seven homes sold in January averaged $152,357 or $76.31/ square foot. There are currently 117 homes on the market with an average list price of $344,717 or $121.15/ square … Continue reading Spanish Fort Homes Selling Relatively Quickly

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Active West Mobile/ Semmes Market!

By Barbara Reeves | Published: February 18, 2009

The area encompassing West Mobile and Semmes saw the most activity within Mobile and Baldwin Counties in January 2009. With 30 homes sold and 79 contracts pending, this area is relatively fast-paced compared with surrounding communities. Sold prices averaged $204,331 or $94.01/ square foot and spent 106 days on the market. There were 475 homes … Continue reading Active West Mobile/ Semmes Market!

Also posted in Economic Growth in Mobile AL, First-time Homebuyer, Foreclosure, Mobile Alabama real estate, Mobile real estate, tax credit, Uncategorized, west mobile al, west mobile alabama real estate | Tagged , , , , , | Comments closed

How Did Fairhope Real Estate Fare in 2008?

By Barbara Reeves | Published: February 5, 2009

Its nomination recently as the second nicest small town in the South is reflected in Fairhope’s ability to hold onto real estate value, with 2008 average home sales prices dropping by only 1.5%.  The price per square foot dropped 7% and the total number of sales dropped dramatically by 47%. So fewer homes sold, but … Continue reading How Did Fairhope Real Estate Fare in 2008?

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Spanish Fort Real Estate Activity

By Barbara Reeves | Published: February 4, 2009

Year Homes sold Average $/SF Average Price Average Days on Market 2007 147 $113.14 $273,389 80 2008 126 $109.44 $268,214 105 In Spanish Fort, the number of homes sold in 2008 dropped almost 17% from 2007′s activity. This is comparable with the Baldwin County overall numbers.  The average sales price, however, dropped by only 2% in a year … Continue reading Spanish Fort Real Estate Activity

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Daphne

By Barbara Reeves | Published: February 3, 2009

Daphne Year Homes sold Average $/SF Average Price Average Days on Market 2007 480 $113.35 $252,077 94 2008 349 $107.31 $239,861 117   It is no surprise that there were fewer homes sold in Daphne in 2008 compared with 2007. The average price per square foot of living space dropped by 5.6% and the average sales … Continue reading Daphne

Also posted in Baldwin County Real Estate, Daphne AL real estate, Daphne Alabama retirement homes, Financing Options, Gulf Coast Homes | Tagged , , , , , , | Comments closed

Baldwin County AL 2008 Real Estate Wrap-Up

By Barbara Reeves | Published: February 2, 2009

Baldwin County saw a total of 1109 home sales in 2008, compared with 1312 sales in 2007. This is a drop of 15.5% in the volume of sales transactions. Average price per square foot of living space dropped by nearly 14% during the year. The time spent on the market surprisingly dropped in the 4th quarter after … Continue reading Baldwin County AL 2008 Real Estate Wrap-Up

Also posted in Baldwin County Real Estate, Bay Minette AL real estate, Daphne AL real estate, Fairhope AL real estate, Fairhope Alabama Real Estate, Financing Options, Gulf Coast Homes, Home Buyer and Seller Tips | Tagged , , , , , | Comments closed

Fairhope Home Sales Fairly Steady

By Barbara Reeves | Published: November 11, 2008

October 2008 MLS statistics in Fairhope AL show 16 homes have sold in Fairhope with an average sales price of $268,516. This represents a drop of just over 4% from September. The median sales price of $261,250 has recovered significantly from September which saw a big drop from August. Days on the market averaged 174 days … Continue reading Fairhope Home Sales Fairly Steady

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First-Time Home Buyer Tax Credit

By Barbara Reeves | Published: August 17, 2008

First time home buyers purchasing any kind of home – new or resale- are eligible for the tax credit provided in The Housing and Economic Recovery Act of 2008. To qualify for the tax credit, a home purchase must occur on or after April 9, 2008 and before July 1, 2009. For the purposes of the … Continue reading First-Time Home Buyer Tax Credit

Also posted in Baldwin County Real Estate, Bay Minette AL real estate, Daphne AL real estate, Fairhope Alabama Real Estate, Gulf Coast Homes, Mobile Alabama real estate, Mobile real estate, Spanish Fort AL real estate | Tagged , , , | Comments closed

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