market report and sold statistics for spanish fort: Prices up for new homes, flat for existing on Eastern Shore
- 01/10/17 02:57 PM
U.S. home prices hit a new peak in October, according to monthly figures, though the data-provider warned that the pace of growth cannot continue forever. -- CNBC report Dec. 27, 2016, on the S&P/Case-Shiller U.S. National Home Price Index The average price of a home sold on the Eastern Shore of the Mobile, Ala., metro area in 2016 was $272,840; the median, $237,207. That’s fairly pricy, considering Zillow reports that the median home price in Alabama in 2016 was $171,500. At the moment, the cheapest brand new home on the Eastern Shore is $179,000, while the cheapest new home for sale in the city of Mobile … (1 comments)
market report and sold statistics for spanish fort: Eastern Shore housing market absorption rate at 11 months
- 12/06/10 09:02 AM
"Is it getting any better?" I get this question about as often as "How ya doin'?" The answer to the local housing market question is: Not really. Home sales and pending sales were virtually unchanged on the Eastern Shore of Mobile, AL from October to November. And the bigger picture shows that the market absorption rate is still seriously out of whack. Industry experts agree that a six-month inventory of homes for sale is the sign of a healthy, stable market. If the absorption rate surpasses that, then it's a buyers' market. Locally, if not one more house was listed for … (1 comments)
market report and sold statistics for spanish fort: Home sales steady in June 2010 for Spanish Fort, Daphne and Fairhope
- 07/08/10 11:23 AM
Home sales remained steady in June, 2010, compared with May in Spanish Fort, Daphne and Fairhope. Ninety homes closed, just as 90 did in May on the Eastern Shore of the Mobile, Ala., metro area. Average sales price improved tremendously, as did the median sales price. List-to-sales price showed a healthy improvement with sellers getting 96.13% of asking price on average. However, the months ahead point to more uncertainty: Pending sales as of July 8, show a 16% decline over the number of homes under contract during the first week in June. Two known factors are at play here: fears of … (0 comments)
market report and sold statistics for spanish fort: Home sales in Spanish Fort, Daphne and Fairhope for July, 2008
- 08/04/08 06:21 AM
Home sales were up slightly to 135 solds in July, compared with 128 homes sold in June 2008 from Spanish Fort to Point Clear. The number of houses going under contract remains weak at 119 pendings, up slightly from 114 pendings in June. July statistics aren't much different from those of a year ago, when the slowdown in home sales started. Typically, July is a slow real estate month with the majority of families with school-aged children trying to close in May/June. Inventory continues to rise, from 1,237 on the market in June to 1,284 now on the market. Here … (1 comments)
U.S. home prices hit a new peak in October, according to monthly figures, though the data-provider warned that the pace of growth cannot continue forever.
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