February home sales on the Eastern Shore ticked up to 54 houses closed compared with 40 homes sold in Spanish Fort, Daphne, Fairhope and Point Clear in January.
For a February, it wasn't a bad month compared to the fall of ‘08. It was, however, not as good as February 2008 when 64 homes sold.
A couple of things stand out from analyzing data from the Baldwin County Multiple Listing Service. Only 6 homes on the Eastern Shore over $400,000 have gone under contract since the first of the year.
Pending sales registered a slight decline with 92 homes under contract as of March 4, 2009, compared with 102 under contract a month ago.
As expected in our early spring, inventory is rising with 1,129 homes on the market in this area, an increase of 50 listings over last month.
Here are the stats for the Eastern Shore in February, 2009:
Total houses for sale: 1,129
Spanish Fort: 127
Daphne: 352
Fairhope: 527
Lake Forest: 123
Pending sales
Total: 92
Spanish Fort: 19
Daphne: 30
Fairhope: 33
Lake Forest: 10
Closed sales for February 2009
Total: 54
Average sales price: $208,019, down from $228,944 in January 2009
Median sales price: $179,950, down from $216,800 in December
List to sale percentage: 94.69%
Spanish Fort: 12, where the highest selling price was $576,000
Daphne: 12, where the highest selling price was $375,000
Fairhope: 19, where the top seller was $534,600
Lake Forest: 11, where the highest selling price was $192,500
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