MARKET UPDATE

Market Report

Spanish Fort, Daphne, Fairhope

Pending or Under contract from 3-3-14 to 3-11-14

  • 41      Residential Properties
  • Ave      price $226,314
  • Average      Days 102
  • Average      Price/Sqft. $100

Just Fairhope

Pending or Under contract from 3-3-14 to 3-11-14

  • 13      Residential Properties
  • Average      Price $228,000
  • Average      Days 83
  • Average      Price/Sqft. $110

Spanish Fort, Daphne, Fairhope

Sold from 3-3-14 to 3-11-14

  • 25      Residential Properties
  • Average      Price $426,827( 2 homes sold $1,990,000 and $2,566,000)
  • Average      days on the market 187
  • Average      price/Sqft $125

 

Fairhope

Sold from 3-3-14 to 3-11-14

  • 11      Residential Properties
  • Average      Price $427,000
  • Average      days on the market 145
  • Average      price/sqft $261

 

The market is picking up but it’s an excellent time to buy!

 

Active Spanish Fort Daphne Fairhope Average
Total:  763 115 282 366
Price Per SqFt $116.72 $112.20 $184.00 $147.32
Days on Market 121 121 204 161
Average List Price $364,897 $302,538 $479,597
Pending/UC Spanish Fort Daphne Fairhope Average
Total:  172 23 80 69
Price Per SqFt $109.43 $87.70 $121.08 $103.99
Days on Market 183 172 208 188
Closed since 1/1/13 Spanish Fort Daphne Fairhope Average
Total:  1,516 225 664 627
Price Per SqFt $97.84 $90.25 $117.56 $102.67
List Price % 96.95% 97.53% 95.84% 96.74%
Days on Market 151 142 177 158
Average List Price $274,997 $215,803 $298,033
Average Sale Price $266,611 $208,958 $283,222
Market Update for January 2014