March 2011 home sales up 18% in Fairhope, Daphne, Spanish Fort

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 sale: 1,024 (92 are foreclosures or short sales)

Spanish Fort: 133
Daphne: 347
Fairhope: 544

Pending sales
Total: 179
Spanish Fort: 26

Daphne: 75
Fairhope: 78

Closed sales for March, 2011
Total: 100
Average sales price: $204,757, down from $249,939 in February, but up from January’s $197,999.

Median sales price: $177,500, down from $183,000 in February, but up from $165,750 in January.

List to sale percentage: 95,97%, which is strong than 94.72% in February.

Spanish Fort: 16
Daphne: 44
Fairhope: 40

(Data from the Baldwin County Multiple Listing Service)