Home sales on the Eastern Shore of Mobile Bay proved to be weak in December, as sales declined to 56 compared to 65 in November.
A poll of Realtors by the National Association of Realtors predicted a lull during the holidays and that was borne out in the statistics. Locally, however, the end-of-year season is usually second only to the April-May rush in sales in the area between Spanish Fort and Point Clear.
However, local Realtors report an uptick in buyer inquiries and showings in the last weeks of 2008. Hopefully, that will result in transactions in 2010. For now, pending sales are down slightly from 110 during the first week in December, 2009, to 101 on January 7.
Here are the stats for the Eastern Shore:
Total houses for sale: 1,144
Spanish Fort: 155
Daphne: 362
Fairhope: 523
Lake Forest: 104
Pending sales
Total: 101 (26 are new construction)
Spanish Fort: 20
Daphne: 45
Fairhope: 24
Lake Forest: 12
Closed sales for December 2009
Total: 56
Average sales price: $302, 814, a tremendous increase over $192,968 in November that can be attributed to a $1.75 million sale on Mobile Bay in Daphne and a $2.3 million sale in Fairhope.
Median sales price: $188,041, up from $182,801 in November.
List to sale percentage: 94.47%, down from 95.96% in November
Spanish Fort: 5
Daphne: 23
Fairhope: 21
Lake Forest: 7
(Data from the Baldwin County Multiple Listing Service)
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