spanish fort alabama real estate: May 2010 home sales in Spanish Fort, Daphne and Fairhope, Alabama - 06/09/10 07:36 PM
May, 2010, home sales on the Eastern Shore declined 16% from April, as the market took a breather after the rush to the finish of the home buyer tax credit. Between Spanish Fort and Point Clear, 90 homes closed, compared with 108 sales in April. Pending sales sagged too, with 146 under contract in the second week of May, compared to 186 a month ago. Seems the summer doldrums have set in early, with slow and variable buyer interest. Unfortunately for existing home sellers, short sales, foreclosures and new construction made up almost half of the sales in this suburban market … (0 comments)
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spanish fort alabama real estate: Eastern Shore home sales surge ahead of tax credit expiration - 04/14/10 06:17 PM
Gosh, it's been grim.
But I'm here to tell you that this month - April 2010 - feels like it might as well be 2005, considering the volume of house sales going on.
Sure, the homebuyer tax credit expires April 30. Sure, some people moved up their time frames to capture as much as $8,000 in tax credits.
But I'm hoping that the effort to get the housing market chugging again like a great locomotive will have staying power. It just takes some time to get the big wheels on the Real Estate Express moving. And maybe, just … (0 comments)
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spanish fort alabama real estate: Home prices hit the skids in 2009 in Spanish Fort, Daphne and Fairhope - 01/19/10 04:00 PM
Statistics can be manipulated. But the evidence shows a 17.5% decline in house values on the Eastern Shore in 2009. Coupled with our deceptive and behind-the-rest-of-the-nation 1% decline in 2008, housing prices are almost back to pre-Hurricane Ivan levels of 2003-04.
The picture is a bit brighter in terms of the number of homes sold. Low interest rates, the first-time homebuyer tax credit and an abundance of inventory and incentives helped check the decline in the total sales to only 3.5% compared to 2008.
For the year, 803 homes sold between Spanish Fort and Point Clear, compared with … (1 comments)
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spanish fort alabama real estate: Home for sale at 6984 Falls Church Court, Spanish Fort AL, 36527 - 12/08/09 06:45 PM
Home for sale at 6984 Falls Church Court, Spanish Fort, AL 36527 4 bedrooms, 3 baths 2201 sf, built 1995 $170,000 To view this home please call Janet English, RE/Max By The Bay, 251 591-2411
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spanish fort alabama real estate: July 2009 home sales, pendings show stability, except pricing - 08/05/09 05:49 PM
Home sales statistics on the Eastern Shore of the Mobile Metro area continue to show signs of a stabilizing market, though Realtors generally believe home prices continue to fall.
Both home sales and pending sales in Spanish Fort, Daphne and Fairhope/Point Clear showed slight increases over June, 2009. Yet, 20 percent of home sellers reduced prices in July alone to move property.
Seventy-six homes sold in July, up from 73 that sold in June. Pending sales remain encouraging with 162 single-family residences under contract, up from 157 in June. There was a little erosion in the list-to-sale percentage which fell from … (0 comments)
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spanish fort alabama real estate: Bumping along what may be the bottom: Eastern Shore sales stats for 2009 - 07/15/09 04:34 PM
Want some good news? The number of homes sold on the Eastern Shore increased 24 percent in the 2nd quarter compared with the 1st quarter.
Priced right for today's market, homes will sell.
Looking at month-by-month sales, it seems that we are bumping along what I hope is the bottom.
Between Spanish Fort and Point Clear, 207 homes sold this past quarter, compared to 157 sales in the 1st quarter of 2009 and 227 sales this time last year. The average sales price was $247,779 this quarter, up from of $223,575 in the first quarter, but down from $301,631 … (0 comments)
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spanish fort alabama real estate: June 2009 home sales statistics for Spanish Fort, Daphne and Fairhope, Alabama - 07/09/09 03:55 PM
June home sales dipped slightly but pending sales and the list-to-sale percentage show that the market may be stabilizing.Seventy-three homes sold in June on the Eastern Shore of the Mobile Metro area, down from the 77 sales in May in the area encompassing Spanish Fort, Daphne and Fairhope/Point Clear.Pending sales increased from 136 in the first week of June to 157 as of July 8, 2009. Sellers also got on average 96.21% of the list price in June, compared with 95.89% in May. Here are the stats for the Eastern Shore in June, 2009:Total houses for sale: 1,251Spanish Fort: 148Daphne: 377Fairhope: 600Lake Forest: … (0 comments)
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spanish fort alabama real estate: May 2009 home sales up 22 percent on Eastern Shore of Mobile, Alabama - 06/07/09 06:15 PM
May home sales increased 22 percent over April on the Eastern Shore of the Mobile Metro area.
This typical seasonal bump of 77 homes sold was still some 15 percent lower than sales in May 2008 when 91 houses closed. However, it was better than April's 53 sales in Spanish Fort, Daphne/Lake Forest and Fairhope/Point Clear.
Pending sales have declined slightly with 136 homes under contract, compared to 143 under contract this time last month.
Average sales price and median sales price both rose significantly. But this reflects the type of home selling, not that home prices are increasing across the … (0 comments)
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spanish fort alabama real estate: April 2009 home sales in Spanish Fort, Daphne and Fairhope - 05/13/09 12:51 PM
Pending home sales increased in the last half of April on the Eastern Shore of the Mobile Metro area.
Overall, home sales declined in April to 53 homes sold in Spanish Fort, Daphne, Fairhope and Point Clear, showing that the housing market is still bobbing through choppy waters. To demonstrate the crests and troughs in sold stats:
January: 40
February: 54
March: 60
Expect better stats in May, with 143 homes under contract in this area, up from the 108 homes that were pending the first part of April. Still, there is a 22-month supply of homes at the current selling … (0 comments)
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spanish fort alabama real estate: Home for sale at 5 Bull Run, Spanish Fort, Alabama, 36527 - 04/29/09 04:40 PM
To see this home, please call Janet English, RE/Max By The Bay, 251 591-2411
… (0 comments)
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spanish fort alabama real estate: Home for sale at 7025 Saluda Boulevard, Spanish Fort, Alabama, 36527 - 04/29/09 04:15 PM
To see this home, please call Janet English, RE/Max By The Bay, 251 591-2411
Exquisite Creole on 1 acreLocation: Saluda RidgeThis picturesque Creole features updates that add pizzazz. You'll find 4 bedrooms, 3 baths with 4 separate living areas. Downstairs features 3 bedrooms, 2 full baths, a greatroom, large bonus room with wetbar and sunroom. Upstairs is the 4th bedroom, full bath and large landing area used as a secondary living area. Beautiful kitchen has granite countertops, island, and eat-in area. Master bath is to die for with his-and-hers vanities, jet tub and walk-in shower. Laundry area has built in desk … (0 comments)
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spanish fort alabama real estate: Home for sale at 7240 Ashberry Court, Spanish Fort, Alabama, 36527 - 04/14/09 02:50 PM
Home for sale at 7240 Ashberry Court, Spanish Fort, Alabama, 36527
Stillwater Subdivision
To view this home, please call Janet English, RE/Max By The Bay, 251 591-2411
Custom 4/3.5 plus 2 bonus areas 3175 sf, built 2003 Waterfront lot on Lake in Spanish Fort's Stillwater subdivision $539,900
… (0 comments)
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spanish fort alabama real estate: March 2009 home sales in Spanish Fort, Daphne and Fairhope, Alabama - 04/07/09 07:39 PM
March homes sales on the Eastern Shore of Mobile Bay rose again to 60 homes sold in Spanish Fort, Daphne, Fairhope and Point Clear in January, compared to 54 in February and 40 in January.
Buyers are looking, but that's not materializing into a strong increase in pending sales. As of April 7, 108 homes are under contract, compared to 92 last month and 102 in January.
As the reality of the housing market correction sinks in, over 590 price adjustments -- a few up but most down -- were made in March. Inventory increased to 1,190 homes for sale, up … (0 comments)
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spanish fort alabama real estate: January 2009 home sales in Spanish Fort, Daphne and Fairhope, Alabama - 02/04/09 04:14 PM
January has never been a strong month for home sales. So it's no real surprise that only 40 homes sold in Spanish Fort, Daphne, Fairhope and Point Clear last month. In fact, only 42 sold in January 2008.
So I remain watchful for signs showing the housing market's direction in the coming months.
Pending sales are up to 102 as of Feb. 4, 2008, compared with 86 homes under contract just after the New Year.
Inventory remains roughly the same at 1,090 homes for sale on the Eastern Shore.
A couple of statistics show that sales of high-end homes were anemic, … (0 comments)
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spanish fort alabama real estate: January 2009 home sales in Daphne, Spanish Fort and Fairhope, Alabama - 02/04/09 04:13 PM
January has never been a strong month for home sales. So it's no real surprise that only 40 homes sold in Spanish Fort, Daphne, Fairhope and Point Clear last month. In fact, only 42 sold in January 2008.
So I remain watchful for signs showing the housing market's direction in the coming months.
Pending sales are up to 102 as of Feb. 4, 2008, compared with 86 homes under contract just after the New Year.
Inventory remains roughly the same at 1,090 homes for sale on the Eastern Shore.
A couple of statistics show that sales of high-end homes were anemic, … (1 comments)
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spanish fort alabama real estate: Home sales in Spanish Fort, Daphne and Fairhope, ALabama for December 2008 - 01/04/09 03:19 PM
Home sales improved in December in Spanish Fort, Daphne, Fairhope and Point Clear. Sixty-six homes sold in December, up from the abysmal statistic of only 47 home sales in November.
Pending sales dropped to 86 under contract as of Jan. 3, 2009. That's a decrease from the 98 under contract in November on the Eastern Shore of Mobile Bay in Alabama.
Inventory dropped from 1,157 homes for sale on the Eastern Shore as of early December to 1,079 homes for sale Jan. 3, 2009. But this is only because a tremendous number of listings expired with the old year. Expect them … (0 comments)
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spanish fort alabama real estate: November 2008 home sale statistics for Spanish Fort, Daphne and Fairhope ALabama - 12/08/08 09:22 AM
November 2008 home sale statistics for Spanish Fort, Daphne and Fairhope, Alabama
Home sales in November, 2008, dropped to 47 houses sold in Spanish Fort, Daphne, Fairhope and Point Clear. This follows the home sales peak of 135 sales in July, then a decline to 84 in August, 71 in September, and 53 in October.
Pending sales have risen slightly to 98 homes under contract, compared with only 87 under contract in October.
Inventory continues to decrease slightly to 1,157 homes for sale on the Eastern Shore as of Dec. 3.
As we all know, there are few bright spots in … (0 comments)
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spanish fort alabama real estate: Home sales in Spanish Fort, Daphne and Fairhope for October 2008 - 11/06/08 01:09 PM
The last time the Eastern Shore home sales market was this slow was October, 2001, the month after 9/11 attacks on the United States.
Home sales in October 2008 dropped again to only 53 homes sold in Spanish Fort, Daphne, Fairhope and Point Clear. This follows the home sales peak of 135 sales in July, then a decline to 84 in August and 71 in September.
Pending sales have also fallen to just 87 homes under contract to sell.
While disappointing, this is not surprising as that nation was spellbound by the erratic spiral downward of the stock market, coupled with … (1 comments)
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spanish fort alabama real estate: Spanish Fort, Daphne, Fairhope home sales peaked in July then dwindled - 10/09/08 08:53 AM
What's happening in the big wide world of real estate and finance these days?
The answer is way above my pay grade.
Locally, I can tell you it's a good time to buy. Lenders have money, the interest rate is very good and there are plenty of houses for sale.
If I could figure out anything more for our future, George Bush would be painting my toenails while Larry King interviews me in my living room.
Here's what did happen in the last quarter before the collective Freak Out over The Bailout, The Market and The Election.
… (1 comments)
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spanish fort alabama real estate: Home for sale at 31331 Oakridge Drive, Spanish Fort, Alabama, 36527 - 08/13/08 06:28 PM
Home for sale at 31331 Oakridge Drive, Spanish Fort, Alabama, 36527
4 bedrooms, 2 baths Built 1997 2100+ sf $244,900, with seller to pay $3,500 in buyers' closing costs To see this home, please call Janet English, RE/Max By The Bay, 251-591-2411
… (0 comments)
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