Statistics
(68 listings)
 LowHighAverageMedianTotal
List Price$34,900$635,000$228,397$206,140$15,531,007
Selling Price$34,900$585,000$218,552$199,034$14,861,561
List/Sold(%)76.63%102.36%95.95%97.84%--
Price/SqFt ($)$42.32$217.86$111.41$107.50--
Days on Market22761168131.5--

It seems that our higher end homes are struggling to sell.  I'm seeing a lot of homes in the 200's and low 300's sell, but our homes over the 500K range seem to be sitting.  Is this a cyclical pattern of other home buyers needing to sell first before they buy? I have had several clients state they are afraid to buy in this market and I was a little dumbfounded...Our interest rates are low and it is a great time to buy.  I do feel, however, that if you don't HAVE to sell, maybe wait a while to get the money you want out of your home, but in regards to buying, there couldn't be a better time!!

 

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Heather Augustin

Fairhope, AL

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Coldwell Banker Reehl Properties

Office Phone: (251) 990-6622

Cell Phone: (251) 370-7309

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