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
Spanish Fort: 22
Closed sales for January 2012
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