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 184. See more Daphne/Montrose/Spfort community real estate.
(all data current as of 5/21/2012)

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: 4

   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: 5
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: 9
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: 9

   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: 10

   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: 10

   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: 11

   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: 12

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

   Days on market: 13
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: 13

    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: 16

    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: 16

    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: 18

    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: 19

    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: 19

    Walk Score®: 22

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

School is back in session at the University of South Alabama and homes near campus are desirable!  16 homes sold in July 2009 in the Springhill / USA  area of Mobile.    The average sales price of $314,591 equated to $118.21 per square foot.  These homes spent an average of 98 days on the market prior to selling. There are currently 177 homes actively listed in Springhill/ USA, and their average prices is $432,847 or $135.99 per square foot.

In Cottage Hill, there is a large inventory of available homes, with 371 on the market.  37 sold in July for an average sales price of $159,819.  This works out to $81.69 per square foot of living area and they spent an average of 87 days on the market. There are currently 62 sales pending in Cottage Hill, with the average sold price of $157,409.

The Downtown / Midtown area of Mobile has a big inventory of 475 homes on the market, with an average asking price of $181,878 or $96.99 per square foot of living area. This is significantly higher than the price of homes which actually sold. In July, 28 sold in Downtown / Midtown for an average of $121,616 or $74.50 per square foot. 

West Mobile/ Semmes continues to be the most active area for Mobile’s real estate market. In July, 61 homes sold in this area for an average sales price of $182,996 and $90.32 per square foot. These homes sold after 92 days on the market.  There are 110 contracts pending in West Mobile / Semmes for an average sales price of $160,829 or $89.39 per square foot. Barbara Reeves, REALTOR, is an expert in these communities and is able to assist you in taking advantage of this market to find your dream home. Visit her at http://www.barbarasellsdaphne.com.

Compared with June home sales in Daphne, July showed a significant decrease in the number of transactions. 27 homes sold in July 2009, compared with 38 in June. Average sales price decreased from $236,074 to $204,421, while the average price per square foot went from $98.15 to $92.43/sq ft. Fortunately, the average time on the market decreased from 145 days to 118.  There are 51 Daphne homes with pending contracts, averaging $103.28 per square foot.

In Spanish Fort, a mere 12 sales in June dropped to 9 in July. The average sales price decreased from  $305,800 to $277,989. Price per square foot, however, made a modest gain. The sales that averaged $106.16 in June climbed to $107.82 in July! Days on the market increased by only 7 days from 89 to 134 in July.

Down the highway in Fairhope, 15 transactions in June grew to 19 in July. Average sales price retreated to March numbers at $249,136. This translates to a price per foot of $103.19. The good news in Fairhope is that the days on the market for July home sales has receded to 149 from June’s 178.  While this is still longer than anyone would like to see, it is a vast improvement over the Spring.  Fairhope has 40 pending contracts, averaging $122.15/ square foot. The active home listings average $456,282 and $172.77 per square foot.  Barbara Reeves, REALTOR, is an expert in these communities and is able to assist you in taking advantage of this market to find your dream home. Visit her at http://www.barbarasellsdaphne.com.