April 2009 home sales in Spanish Fort, Daphne and Fairhope

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 rate.

Only 35% of the homes under contract are more than $250,000, while this price range makes up 58% of the homes on the market on the Eastern Shore.

Here are the stats for the Eastern Shore in April, 2009:

Total houses for sale: 1,210

Spanish Fort: 138

Daphne: 358

Fairhope: 578

Lake Forest: 136

Pending sales

Total: 143

Spanish Fort: 35

Daphne: 57

Fairhope: 34

Lake Forest: 17

Closed sales for March 2009

Total: 53

Average sales price: $217,849, down again from $234,084 in March.

Median sales price: $187,000, down from $206,563 in March

List to sale percentage: 95.49%

Spanish Fort: 9

Daphne: 18

Fairhope: 20

Lake Forest: 6

(Data from the Baldwin County Multiple Listing Service)