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 for sold homes, 40 days more slowly than last month.
The number of homes that are presently under contract in Fairhope is 19, with an average sales price up 2% to $384,813. The median price point has leveled out at $356,055. These homes averaged 201 days on the market, a bit quicker than the huge 233 days on the market in September.
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[...] Fairhope AL’s City Council overturned Mayor Tim Kant’s veto of a subdivision on Parker Road this past week. Kant’s decision was made on November 24th, and the recent vote from the council showed unanimous to overturn that decision. The council members based most of their decision on a promise from the developer, Chris Haley, that he would limit the height of the homes in the subdivision to 35 feet. The developer is required to complete two months of site preparations before these homes commence the building process, allowing the city council proper time to come up with an ordinance that will limit the height of the houses to be in accordance to Haley’s promise. [...]
[...] with the building lights turning on last week for the first time. This exciting new facility for Fairhope is a 19,355 square foot building with an estimated cost of $2.4 million. The rec center is [...]