Compared with July home sales in Daphne, September showed an increase in the number of transactions. 35 homes sold in September 2009, with the average sales price jumping from $204,421 to $253,199.  The average price per square foot rose from $92.43/sq ft to $97.98. Unfortunately, the average time on the market increased again from 118 up to 147 days .  There are 49 Daphne homes with pending contracts, averaging $95.45 per square foot, down from $103.28 in July. Those with currently listed homes are more optimistic, with the average price per foot at $113.87.

In Spanish Fort, there were 11 home sales in September. The average sales price decreased again from $277,989 (July) to $263,323. Price per square foot followed suit.  The sales that averaged $107.82 in July averaged $103.66 in September. Days on the market for these sold homes dropped from 134 in July to 116 in September. The inventory of homes available in Spanish Fort is 130, with an average list price of $349,074 or $120/square foot.

Down the highway in Fairhope, 16 homes sold in the month of September. Average sales price climbed a bit to $270,831 or $135.98/square foot. The days on the market for September home sales has dropped a bit to 142 from July’s 149.  While this is still longer than anyone would like to see, it is a vast improvement over the Spring, when activity was much more sluggish.  Fairhope has 30 pending contracts, averaging $124.56/ square foot. The 408 active home listings average $466,389 and $182.65 per square foot and they’ve been on the market an aveage of 162 days.  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.

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.

On the Eastern Shore of Mobile Bay, the community of Spanish Fort saw 8 homes sold in April for an average price of $222,312 ($111.15/ sq ft). One year ago, there were 13 sold for $238,114 ($104.14/ sq ft). Although values have dropped  some, the declines are minimal compared to most other areas locally and certainly nationwide. Surprisingly, days on the market actually got quicker from 106 in April 2008 to ony 60 days for homes sold last month!

There are 395 single family homes for sale in Daphne, with listings averaging $308,657 and $119.12/ sq ft. These are optimistic list prices, as April saw 19 homes sold for an average price of $204,205 ($90.23/sq ft) and 163 days on the market. Compare this with April 2008, when 29 homes sold for an average of $220,865 and $104.46/ sq ft. and 111 days on the market.   Dapne has one of the largest inventories of lovely homes available in the Mobile Bay area, and Barbara Reeves can help guide you into just the right one for you!

The City of Fairhope has a very large inventory, also, with 392 homes for sale. The average list price is $474,005 ($169.93/ sq ft) and these are averaging 160 days on the market. Twelve homes sold in April 2009 for an average of $185,208 or $99.87/ sq ft. Homes that sold spent 279 days on the market, or nine months! In April 2008, there were fifteen sales averaging $407,150 ($152.57/ sq ft).  This is a drop in value of one third. Higher priced homes are simply staying on the market longer and longer with the more affordable homes selling.  The charm and natural beauty of Fairhope have not diminished one bit, and this is an excellent time to enter the market.

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 become a trend. On the positive side of the ledger, these sold homes spent 99 days on the market as compared with 126 days in January. With the national housing scene as chaotic as it is, Mobile and the Eastern Shore have done relatively well. We’ll keep our eyes on activity in March to see how this Spring shapes up. It is a great time to view the inventory of available homes with prices so low and the selection so good!

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 foot. They have spent 111 days on the market.  Please visit www.barbarareevesrealtor.com if you are interested in learning more about Spanish Fort and its housing market.

Fourteen homes sold in Daphne during January 2009, as compared with 21 in Jan 2008.  There were 41 homes pending sale last month, compared with 45 one year ago. The average sold price was $220,071 and $99.89 per square foot of living space. These homes spent an average of 126 realdays on the market before selling. There are 426 homes currently on the market with an average price of $293,181 ($117.67/ square foot) and a median of $229,900.  The active homes have been listed for an average of 140 days.  The inventory is so high right now and you can view these available homes at www.barbarasellsdaphne.com.

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 they are holding their values better than in many other areas, including other Baldwin County communities. Many potential home buyers have been on the fence this past year, with uncertainty in the marketplace. The plentiful home inventory and very low interest rates should motivate those to get off the fence and take advantage of the situation. BarbaraReevesRealtor.com can show you a variety of lovely homes in Fairhope as well as links to other important information.

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 that saw many cities losing value in the double digits.  Spanish Fort continues to be a popular area for our newcomers who relocate to our area for employment opportunities. BarbaraReevesRealtor.com offers community information as well as information about every aspect of Spanish Fort real estate.  With great inventory and historically low interest rates, now is the time to make that move you’ve been considering for so long!

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 spiking in the 3rd quarter of the year.  However, the number of sales, the average price per square foot and average sales price all saw dramatic drops during the last 3 months of 2008.

It has been a bumpy ride, but with interest rates at historic lows and the inventory of homes so high, consider getting off the fence and taking advantage of conditions to make your homebuying decision. barbarareevesrealtor.com has all the listings in Baldwin County to help you find your perfect home at a very competitive price!

Quarter	Homes sold	Average $/SF	Average Price	Average Days on Market
Q1	236	$119.58	$228,003	120
Q2	319	$120.65	$243,997	126
Q3	333	$118.06	$253,984	137
Q4	221	$105.07	$220,093	108

]]> http://mymobilerealestate.com/gulf-coast-homes/baldwin-county-al-2008-real-estate-wrap-up/feed/ 1 http://mymobilerealestate.com/gulf-coast-homes/mid-range-homes-sell-quickest-in-spanish-fort/ http://mymobilerealestate.com/gulf-coast-homes/mid-range-homes-sell-quickest-in-spanish-fort/#comments Sun, 14 Dec 2008 15:50:28 +0000 Barbara Reeves http://reeves.realty-buzz.com/?p=303 Continue reading Mid-Range Homes Sell Quickest in Spanish Fort]]>

Price point seems to determine how quickly homes sell these days. In November, there was just one home that sold in Spanish Fort for under $200,000. It sold in a sluggish 165 days for $125.69 per square foot of living space.

Most November home sales in Spanish Fort were in the $201k – $500k range. They took an average of only 107 days to sell. That’s nearly two full months quicker than either the under $200k or the over $500k homes.   Clearly, the mid-priced homes are in the greatest demand and will move off the market more quickly.  There was just one home that sold over $500k in Spanish Fort last month. It stayed on market for 148 days before selling for $785,000, or $175.38/square foot.  You can see many lovely homes in Spanish Fort and all of Baldwin and Mobile Counties at http://barbarareevesrealtor.com.