Home sales steady in June 2010 for Spanish Fort, Daphne and Fairhope

Home sales remained steady in June, 2010, compared with May in Spanish Fort, Daphne and Fairhope.

Ninety homes closed, just as 90 did in May on the Eastern Shore of the Mobile, Ala., metro area. Average sales price improved tremendously, as did the median sales price. List-to-sales price showed a healthy improvement with sellers getting 96.13% of asking price on average.

However, the months ahead point to more uncertainty: Pending sales as of July 8, show a 16% decline over the number of homes under contract during the first week in June.

Two known factors are at play here: fears of a double-dip recession and the economic impact of the oil spill in the Gulf of Mexico.

Here are the stats for the Eastern Shore:
Total houses for sale: 1,270
Spanish Fort: 155
Daphne: 462
Fairhope: 653

Pending sales
Total:  123
Spanish Fort: 14

Daphne: 62
Fairhope: 47
 
Closed sales for June 2010
Total: 90
Average sales price: $252,933, up from $220,403 in May and $204,151 in April.

Median sales price: $219,033, which is up from May's $176,950 and April's $186,500.

List to sale percentage: 96.13%, which is an improvement from 95.16% in May and 95.25% in April

Spanish Fort: 15
Daphne: 37
Fairhope: 38

*Note: The Baldwin Board of Realtors has combined the market area of Lake Forest into Daphne.

 
(Data from the Baldwin County Multiple Listing Service)