September 2011 homes sales slip slightly in Daphne, Spanish Fort and Fairhope

Homes sales on the Eastern Shore of the Mobile AL Metro area fell slightly over the previous month from 100 to 92 homes closed.

Of those 92 sales in Spanish Fort, Daphne and Fairhope, 25% were foreclosures or short sales and 19% were new construction.

Pending sales have slipped a bit – not unexpected for this time of year – from 166 at the first of September to 148 at the first of October.

Here are the stats for the Eastern Shore:
Total houses for sale: 940

Spanish Fort: 136
Daphne: 315
Fairhope: 489

Pending sales
Total: 148        
Spanish Fort: 15

Daphne: 84
Fairhope: 49
 
Closed sales for September, 2011
Total: 92
Average sales price: $213,523, up from $192,061 in August.

Median sales price: $171,838, up from $163,893 in August.

List to sale percentage: 94.68%, a decline from August’s 96.05%.

Spanish Fort: 14
Daphne: 40
Fairhope: 38

 (Data from the BaldwinCountyMultiple Listing Service)