Daphne

Daphne

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 price is down by 5%. Compare these figures with the rest of the U.S. According to Case-Shiller’s 20-city index in November, prices dropped 18.2% on an annual basis.  Going back to the high price point in July 2006, homes in these 20 cities have lost up to 25% of their value. Phoenix, San Francisco and Las Vegas have each lost more than 30% in the last year.  The bright side is that with both home prices and interest rates low, renters and others who have been on the fence, can finally buy a home with a lower mortgage payment than they previously dreamed of. BarbaraSellsDaphne.com has all the listings in Baldwin and Mobile Counties for your viewing. Or give Barbara a call on the Click to Talk button!