May 2014 home sales rocket in Spanish Fort, Daphne and Fairhope

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

Home sales soared 55 percent in May compared to April in Spanish Fort, Daphne and Fairhope.

Prices also increased 2 percent and days on market dropped to 4.5 months on the Eastern Shore of the Mobile, Ala., metro area.

Sellers on average sliced 2.5 percent off their list price in order to sell.

Pending sales also rose, as did the number of homes for sale.

On to the numbers for May

Total houses for sale: 869 vs 816 first of May.        

Homes for sale in Spanish Fort AL: 127

Homes for sale in Daphne AL: 299

Homes for sale in Fairhope AL: 443

Pending sales:

Total: 252 vs 233 the first of May

Spanish Fort: 31

Daphne: 109

Fairhope: 112

Closed sales for May 2014

Total: 151 vs 97 in April

Average sale price: $253,029 compared to $247,460 in April.

Median sales price: $229,000 vs. $212,900 in April.

List to sale percentage: steady at 97.55%

February sales in Spanish Fort: 31

Daphne: 71

Fairhope: 49


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Janet English

RE/Max By The Bay

 (251) 591-2411



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Janet English

Market expert in Daphne, Spanish Fort, Fairhope
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