Spanish Fort Alabama Real Estate Sales Data For The Year of 2007!

Spanish Fort city proper is growing in leaps and bounds with the new Bass Pro Shopping mecca becoming a reality. During 2007 one hundred and forty three homes sold, the same number that sold during 2006. In 2007 the average sales price was $275,983 and the median sales price was $262,500. with the average days on the market being 82 days, in 2006 the average days on the market was 69, so it is taking 16% longer to sell homes unless the criteria of condition, location and price is met, making the homes for sale one that buyer’s do not want to let get away.

During 2006 the same number of home sold at an average of $310,821. and a median sales price of $292,000. Sales price for homes in 2007 was down by 11%, meaning in this particular market more homes were built at an affordable price. The interest rates are still low and there are many homes for buyers to choose from making it a great time for buyers to buy their dream home.