This is the time of the year that most areas experience coloring of the leaves, but in our area we experience vivid sunsets. Have you noticed? Some nights, the colors in the sky after the sunsets are as vivid as the actual sun setting. We live in a beautiful area and I know you will agree.
The market has been very interesting this year. Prices have not increased much but we are seeing some bright spots out there. Presently there are 772 active listings in the Spanish Fort to Point Clear area. The average price is $393,911. Average time on the market for the active listings is 155 days. Since January 1, 2015, our area has experienced 1540 homes to close with an average list price of $282,974. The average sold price was $273,611. Presently, there are 212 homes under contract. As you can see, these stats are showing great improvement in our market.
The upper price point is still struggling. We have had great sales but we would like more. I do expect this to change as we go into 2016. Eventually buyers will get less opinionated on their expectations. When this day arrives, all of us will celebrate.
The great news is people are eagerly shopping on the internet. One of our listings just sold via internet without the buyer visiting. Photos are so important in marketing. As you know Allison Ashurst, my daughter –in-law is our photographer and she is excellent.
Before you know it, we will be celebrating Thanksgiving dinner. Sellers sometimes think this is the worst time of the year to sell a home. I disagree because this is the time of the year that we think home, good cooking and great family gatherings. Just remember if you are going to be out of town, please let us know.
Any questions about the market, give us a ring and we will try to answer.
Judy Niemeyer & Lucy Sundbeck