Real estate blog entries tagged with remax by the bay in daphne by Janet English, Market expert in Daphne, Spanish Fort, Fairhope (RE/MAX By The Bay, Daphne Alabama)

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remax by the bay in daphne: Market hotter than ever in Spanish Fort, Daphne, Fairhope - 07/08/15 05:53 AM

Home sales are blistering hot with 525 sales in Spanish Fort, Daphne and Fairhope in the 2nd Quarter of 2015.
This one quarter eclipses any records I have since I started this newsletter back in the early 2000s. It’s better than after Hurricane Ivan in 2004, when so many in south Baldwin County retreated to the Eastern Shore while they rebuilt at the beach. It’s better than 2005, when this area became a safe haven after the tragic diaspora from Hurricane Katrina.
In fact, the number of sales is up 30% for the first half of 2015, compared to the same time last … (2 comments)

remax by the bay in daphne: Eastern Shore market rebounds with surprisingly strong numbers - 01/14/13 02:13 AM

Four years. Four long, miserable years of home price declines.
Are over.
The average sales prices for homes in Spanish Fort, Daphne and Fairhope rose on average 12% in 2012. The number of home sales also increased 12%.
The Mobile, Ala., metro market on the Eastern Shore regained more than a third of the value that had been lost (29.5%) since the onset of the Great Recession and the housing market collapse, which began locally in 2008.
Here’s what happened:
-- Foreclosures and short sales, which made up 31% of sales in 2011, dropped to 22% of sales in 2012. … (0 comments)

remax by the bay in daphne: November 2012 home sales stabilizing on Eastern Shore - 12/09/12 10:06 PM

The patient has a pulse. And it’s steady and growing stronger. Vital signs for this beleaguered housing market continue to stabilize with 85 home sales in November on the Eastern Shore of Mobile, Ala. Pending sales also remain steady in Spanish Fort, Daphne and Fairhope.
For buyers and Realtors there is one troubling factor: inventory continues to decline and with it housing choices. The new year will undoubtedly bring more inventory, but will it be enough for the demand?
Here are the numbers.
Total houses for sale: 742 vs 763 at the first of November.
Homes for sale in … (1 comments)

remax by the bay in daphne: July 2012 bucks trend with strong sales in Daphne, Spanish Fort, Fairhope - 08/07/12 06:02 AM

Buyer activity remained strong in July, a typically sluggish month for home sales on the Eastern Shore of the Mobile, Ala., metro area. Last month, 120 homes sold including three over $1 million (specifically, $1.7 million, $2.7 million and $4.6 million). Those $1 million-plus sales skewed the average sales price up more than $100,000 per unit in July. Pending sales remain at June levels. Inventory continues to gradually decrease.
Buyers seem to be sensing that the bottom of the market has come and gone. They are also keenly aware that it might be better to buy now versus waiting until … (0 comments)

remax by the bay in daphne: Airbus on approach to Mobile as market improves on Eastern Shore - 07/16/12 04:48 AM

True story: Upon hearing that Airbus would be constructing an aircraft assembly plant at Mobile’s Brookley Aeroplex, a condo owner on the Eastern Shore instructed his Realtor to raise the price of his property. The Realtor did as instructed and was promptly rewarded with a showing.

Such was the psychological effect of the news that the European Aeronautic Defence and Space Co. (EADS) subsidiary would construct a $600 million plant, employing 3,000 workers in its construction phase beginning in 2013. Once built, the plant is expected to employ 1,000, with the first aircraft to be completed in 2016 and … (0 comments)

remax by the bay in daphne: June 2012: Market shows signs of resiliency - 07/07/12 07:20 AM

June is typically the mop-up month for our spring home sale season on the Eastern Shore of Mobile, Ala., metro area. And there’s usually a lull in July as the market takes a breather.
There some evidence of those market rhythms in this month’s numbers, but there is welcomed strength in the stats too.
Headed into July, inventory remains virtually unchanged compared with June with 816 homes for sale in Spanish Fort, Daphne and Fairhope. Sales dropped from 159 in May to 125 in June. Pending sales were off, but not precipitously, dropping from 231 the first of June to … (0 comments)

remax by the bay in daphne: House for sale at 130 Cherryhill Drive, Daphne, AL 36526 - 05/14/12 03:42 AM

House for sale at 130 Cherryhill Drive, Daphne, AL 36526. To see this home, please call Janet English, RE/MAX By The Bay, 251, 591-2411
3 bedrooms, 2 baths High-end, single-plank laminate flooring, tile and Frieze carpet Single story, low-maintenance brick exterior Patio Lushly landscaped level fenced yard. Wood-burning fireplace Washer, dryer and refrigerator remain $135,000

… (3 comments)

remax by the bay in daphne: May 2011 home sales in Daphne, Spanish Fort and Fairhope - 06/06/11 03:54 AM

We may have hit a new normal in home sales on the Eastern Shore of Mobile, Ala.

For the last three months around a hundred homes have sold, a slight increase over the same time in 2010. What’s significant is that this time last year the housing market was buoyed by the Home Buyer Tax Credit. Without this incentive, our market has fallen into a predictable yet still less than robust pattern.

In Spanish Fort, Daphne and Fairhope, other statistics have become consistent:

n Inventory around 1,000 homes

n Market absorption rate of 10 months, meaning … (0 comments)

remax by the bay in daphne: March 2011 home sales up 18% in Fairhope, Daphne, Spanish Fort - 04/15/11 10:05 AM

Home sales on the Eastern Shore of Mobile, Ala., rose 18% in March, with 100 homes sold in Spanish Fort, Daphne and Fairhope.
This follows 57 sales in January and 82 in February.
A third of the sales were short sales or foreclosures; another third, new construction; and the rest, existing home sales. Foreclosures and short sales make up only 9 percent of the homes currently listed.
Pending sales remain consistent with 179 homes under contract, compared with 173 homes under contract this time in March.

Here are the stats for the Eastern Shore: Total houses for … (0 comments)

remax by the bay in daphne: Home for sale at 304 South Drive, Fairhope, Alabama, 36532 - 04/07/11 06:28 AM

Home for sale at 304 South Drive, Fairhope, Alabama, 36532. To see this home please call Janet English, RE/Max By The Bay, 251-591-2411.
4 bedrooms, 4 baths
3087 square feet, plus 500 square foot heated & cooled basement area for hobbies, gym, etc.
Formal living & dining
Deck, patio overlooking Rock Creek golf course
3-car garage
$350,000
… (0 comments)

remax by the bay in daphne: Home for sale at 21 Soldier's Route, Spanish Fort, ALabama, 36527 - 03/11/11 10:03 AM

Home for sale at 21 Soldier's Route, Spanish Fort, Alabama, 36527. To see this home feel free to contact Janet English, RE/Max By The Bay, 251 591-2411
4 bedrooms, 2 baths 2,050 square feet; built 1986 Parquet and split brick floors Formal dining and breakfast area Large laundry/mud room 17x14 screened porch Wrap-around deck, fenced yard, storage building $175,000
… (1 comments)

remax by the bay in daphne: February 2011 home sales show nice rebound in Spanish Fort, Daphne and Fairhope - 03/10/11 09:20 AM

February may be a short month, but a lot was packed into it for housing on the Eastern Shore of the Mobile, Ala., metro area.
Home sales in Spanish Fort, Daphne and Fairhope rose from 57 in January to 82 in February. But one-in-three sales was a foreclosure or short sale.
Pending sales are also stronger than in recent months with some 173 homes under contract in early March, up from 146 during early February.
After a couple of real and disappointing blows to the local economy - the Gulf Oil Spill and the loss of the Air Force refueling tanker … (1 comments)

remax by the bay in daphne: January home sales in typical decline in Spanish Fort, Daphne and Fairhope - 02/03/11 11:54 AM

January is probably the bleakest of months for home sales, between post-Christmas belt-tightening and the frigid weather.
And this past month was no different with 57 sales compared to 89 sales in December 2010 on the Eastern Shore of the Mobile, Ala., metro area. Yet compare those numbers to the 43 sales this time last year and the 56 sales in December 2009 and you see a trend. Sweet, eh?
But sales vs pricing are two very different things. And prices are still under extreme pressure from competing foreclosures in Spanish Fort, Daphne and Fairhope. While just under 10% of the … (0 comments)

remax by the bay in daphne: Recapping 2010 homes sales in Daphne, Fairhope and Spanish Fort - 01/14/11 05:42 AM

Overall, the 2010 housing market on the Eastern Shore showed marked improvement over 2009 with the number of sales up 13%. But remember, 2009 was pretty bad.
The free-fall depreciation in home values in Fairhope, Daphne and Spanish Fort of 17.5% in 2009 slowed to 3.5% in 2010. Where and when we will hit bottom, no one knows.
The market is giving mixed signals about the future. So let's take a simple supply-and-demand look at it.
Oversupply: 83% of all sales in 2010 were for houses price under $300,000, yet 38% of all the homes currently listed are priced over … (0 comments)

remax by the bay in daphne: Recapping 2010 home sales in Spanish Fort, Daphne and Fairhope - 01/14/11 05:39 AM

remax by the bay in daphne: Home for sale at 33 Village Main, Spanish Fort, AL 36527 - 07/01/10 09:39 AM

3/2 in prime Spanish Fort locationLocation: Spanish VillageThis 3-bedroom, 2-bath home features formal living and dining, plus a cheerful eat-in kitchen, den for your bonus area and sunroom. Plus, its location can't be beat, with easy access to shopping, parks, school and I-10. Enjoy evenings in the shady backyard. Path to Spanish Fort Elementary School is next to this propertyThis home is ready for you to put your personal touches on it.InformationContact InformationJanet EnglishJanetEnglishWorks@msn.com251 591-2411Contact Reply FormForward to a FriendView Other FlyersPricingPrice: $120,000Property Location33 Village MainSpanish Fort, AL 36527View MapFeaturesBedrooms: 3Bathrooms: 2Parking Spaces: 2Year Built: 1970Subdivision: Spanish VillageLot Size: 100x150School District: … (0 comments)

remax by the bay in daphne: May 2010 home sales in Spanish Fort, Daphne and Fairhope, Alabama - 06/09/10 12:34 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)

remax by the bay in daphne: Condo for sale at 4 Yacht Club Dr., #192, Daphne, Alabama, 36526 - 05/13/10 02:55 AM

Condo for sale at 4 Yacht Club Dr., #192, Daphne, Alabama, 36526. To see this home, please call Janet English, RE/Max By The Bay, 251 591-2411.
Seller says make offer, she's ready to deal
2 bedroom, 2 bath, 984 square feet 1-story unit with private elevator from covered parking to your greatroom balcony with views of Mobile Bay, pool and lake Updated hardwood floors, carpet, paint, fixtures' $99,900, plus $6,000 towards buyers' closing costs
… (2 comments)

remax by the bay in daphne: April 2010 home sales, contracts positive in Spanish Fort, Daphne and Fairhope - 05/13/10 01:54 AM

Closed sales and home contracts posted strong numbers in April, as the home buyer tax credit expired at the end of that month.
On the Eastern shore of Mobile, Ala., 108 homes closed in April, up from 80 units in March. And as of May 12, another 186 homes were under contract, up from 173 in March.
For the third consecutive month, the list-to-sale percentage has stayed near 95%, which may be a sign this market, encompassing Fairhope, Daphne and Spanish Fort, has found its bottom.
The question on everyone's mind: Does this have staying power?
Stay tuned, is all I … (0 comments)

remax by the bay in daphne: Above-and-beyond common courtesy between Realtors - 04/18/10 11:40 AM

Maybe it's the market and the in-the-trenches camaraderie between veteran Realtors. Or maybe it's just serendipity, but last week I got several courtesy calls from agents with different companies that went above-and-beyond.
Ken Talbert and I are set to close a deal this week. While we're talking about those details, he mentioned that he knew a buyer I have coming in from California through their years in the Coast Guard. "If you see us having coffee together or eating out, I didn't want you to be alarmed." I had to admit, I would have been worried. Pam Miller called to say she … (1 comments)

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