Pending sales up in January 2012 in Spanish Fort, Daphne and Fairhope

By
Real Estate Agent with RE/MAX By The Bay, Daphne Alabama

 

January 2012 home sales were typically down from December 2011 sales, but pending sales are improved over last month and January of last year.

 

Homes going under contract in Spanish Fort, Daphne and Fairhope stood at 170, while only 140 were under contract after the first week in December and only 146 this time last year.

 

Who are these buyers? My experience is that it’s a good mix of tranferees and renters who have been sitting on the fence for quite some time.

 

The average sales price remained largely unchanged. All good news for the real estate market on the Eastern Shore of the Mobile, Alabama metro area.

 

Here are the stats for the Eastern Shore:

 

Total houses for sale: 861

 

Homes for sale in Spanish Fort AL: 143

 

Homes for sale in Daphne AL: 281

 

Homes for sale in Fairhope AL: 437

 

 

 

Pending sales:

 

Total: 170

 

Spanish Fort: 22

 

Daphne: 90

 

Fairhope: 58

 

 

 

Closed sales for January 2012

 

Total: 63

 

Average sale price, $175,694, down from $176,013 in December, and $196,791 in November and $197,251 in October

 

Median sales price: $150,000 down from $160,000 in December, $163,100 in November.

 

List to sale percentage: 96.02% in January, an improvement over 94.66% in December

 

Spanish Fort: 8

 

Daphne: 35

 

Fairhope: 20

 

 

 

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Janet English

RE/Max By The Bay

 (251) 591-2411

 

Comments (1)

Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Your pending sales makes the next few months look really good.  Hope your market is improving.

Feb 09, 2012 02:29 PM

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