Janet English

REALTOR®

My Blog

July 2009 home sales in Daphne, Spanish Fort and Fairhope

8/5/2009

July 2009 home sales, pendings show stability, except in pricing

Home sales statistics on the
Eastern Shore of the Mobile Metro area continue to show signs of a stabilizing market, though Realtors generally believe home prices continue to fall.

Both home sales and pending sales in Spanish Fort, Daphne and Fairhope/Point Clear showed slight increases over June, 2009. Yet, 20 percent of home sellers reduced prices in July alone to move property.

Seventy-six homes sold in July, up from 73 that sold in June. Pending sales remain encouraging with 162 single-family residences under contract, up from 157 in June. There was a little erosion in the list-to-sale percentage which fell from 96.21% in June to 95.88% in July.

 


 
Here are the stats for the Eastern Shore in July, 2009:
Total houses for sale: 1,214
Spanish Fort: 147
Daphne: 372
Fairhope: 562
Lake Forest: 133
 
Pending sales
Total: 162
Spanish Fort: 23
Daphne: 81
Fairhope: 43
Lake Forest: 15
 
 
Closed sales for July 2009
Total: 76
Average sales price: $262,616, up from $252,497 in June, but down from $265,549 in May.
Median sales price: $204,500, down from $211,400 in June and $225,000 in May
List to sale percentage: 95.88%
Spanish Fort: 10
Daphne: 23
Fairhope: 32
Lake Forest: 11
 
(Data from the Baldwin County Multiple Listing Service)

 

January 2009 home sales in Daphne, Spanish Fort and Fairhope

2/4/2009

January has never been a strong month for home sales. So it’s no real surprise that only 40 homes sold in Spanish Fort, Daphne, Fairhope and Point Clear last month. In fact, only 42 sold in January 2008.

So I remain watchful for signs showing the housing market’s direction in the coming months.

Pending sales are up to 102 as of Feb. 4, 2008, compared with 86 homes under contract just after the New Year.

Inventory remains roughly the same at 1,090 homes for sale on the Eastern Shore.

A couple of statistics show that sales of high-end homes were anemic, with the average sales price dropping dramatically. However, the list-to-sale percentage rebounded to 94.21% in January, up from 91.99% in December. Stats are drawn from the Baldwin Multiple Listing System.

 

 

 

Here are the stats for the Eastern Shore in January, 2009:

Total houses for sale: 1,079

Spanish Fort: 127

Daphne: 327

Fairhope: 506

Lake Forest: 130

 

Pending sales

Total: 102

Spanish Fort: 24

Daphne: 30

Fairhope: 35

Lake Forest: 13

 

 

Closed sales for January 2009

Total: 40

Average sales price: $228,944, down from $274,054 in December

Median sales price: $216,800, down from $225,000 in December

List to sale percentage: 94.21%

Spanish Fort: 7, where the highest selling price was $259,900

Daphne: 17, where the highest selling price was $394,500

Fairhope: 13, where the top seller was a $670,000 foreclosure

Lake Forest: 3, where the highest selling price was $161,000

 

 

 

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