Rock Creek Fairhope AL YTD Sales Stats

Rock Creek, while very susceptible to regional real estate market trends, appears to be firmly solidified at the top of the list of the most popular subdivisions in Fairhope, AL.  The reasons for which are quite valid, as some of the finest homes in Baldwin County reside in Rock Creek.  Combine the quality craftsmanship and upscale home amenities with a Signature Golf Course in one of the most recognizable small towns in America and you will have a very precise recipe for success.  

Search Rock Creek Subdivison Homes For Sale 

Yet, as I mentioned at the top of the article, Rock Creek home values, like many Fairhope subdivisions, took a big hit during the "Great Recession" and has been fighting its way out of a very deep hole ever since.  In this market trends blog, we will examine the sales data from January 1, 2014 - YTD.  The key numbers and percentages to focus on if you currently have your home on the market or are planning to sell in the near future are:

• Average Sales Price 
• Average List to Sale Price Percentage
• Average Sold Price Per Square Foot
• Average Days on Market

If you don't have the proper expectations going into a sale, then the home selling process can be a miserable one, even in our much improved marketplace.  Average sold price per square foot is crucial in determining whether or not now is the right time to put your home on the market.  Keep in mind that we are going to run the numbers for Rock Creek as a whole, without a prerequisite for age, size or lot location - all of which are essential in determining an accurate initial offer price.  The next thing I would advise would be to internalize the average days on market.  If you go into the process knowing that most homes are taking 6 months to sell, then you will not be in panic mode if you don't have a full price offer within the first 30 days!  Once your ideal buyer is realized, then you will want to be prepared for what percentage off of list price comparable homes are selling for in the subdivison.  In the off chance, that you don't find yourself in a multiple offer situation, then it will be advantageous to to enter into the negotiations knowing that most homes are selling for approximately 96% of list price.

Now, lets take a look at the numbers YTD for 2014!

There have been 18 homes sold YTD in Rock Creek, with an average sales price of nearly $363,000. Sellers can expect an executed sales price of just over 96% of the current list price and the average sold price per square foot is just over $121.  The days on market is much improved an actually outperforming Fairhope numbers taken as a whole.  Having an average days on market under 100 would be a very definitive sign of shift back into a sellers market.  

So, what do the rest of the numbers mean?  If you are planning to put your home on the market and you estimate your homes value to be in the $350K range, then can expect a fairly predictable transaction, provided that your home looks good, feels good and smells good.  However, if your home is valued appropriately in the $500K range, then you will need to exercise a great deal more patience, as it could take 6 months or longer to sell your home.  Also, the more your home valuation is above the $500,000 mark, the less likely it is to sell in the current market, with the highest sales price YTD being $510,000.

If you would like to receive a free monthly market data report, that covers all real estate sales activity within a 5 mile radius of your exact home location, then please visit our complimentary home valuation website ForSaleAroundMe.com.  When you are ready to take the next step and formally list your home, then we would greatly appreciate the opportunity to interview to be your Listing Agent Team!  You can reach the Jason Will Real Estate via our 24/7 real estate sales hotline at 251-866-6464.