2017 rolled in with cold weather and overcast skies, but, slowly, the sun popped out and now it feels like Spring. Not only has the weather been a roller coaster, so has our market. Who knows what we will see in the remainder of the year.
The predictions are that the future may see a lot of changes. We probably will see an increase in interest rates, but I predict that it will be slow. Builder costs are increasing which will help homes that have some age on them to sell. I hope that the number one change is that buyers will realize that they can pick up a paint brush, change out appliances, update bathrooms and quit looking at homes with tunnel vision. The common phase of today’s buyer is, “The house requires too much work.”
Presently, we have 773 active homes on the market from Spanish Fort to Point Clear with 278 under contract. 28 homes have closed since January 1, 2017. Summarizing 2016, our MLS reports 1,892 homes closed at an average price of $280,730. These homes closed at an average of 97% of their listed price. Our highest reported sale last year was a bay front home listed for $2,450,000 and sold for $2,225,000.
Overall, we feel very bullish about 2017. I feel higher-end homes will sell better this year. Hold onto your hats and let’s get started! I know how frustrating a market can be. Lucy and I live it every day. Any questions that you might have, please give us a ring.
Met a client early this morning and walked this magnificent property. 3 acres with 247 front feet on Magnolia River. The main house was built in 1850 with tons of Southern charm. The guest house is 1/1 with a wide glassed in porch. As we walked the property, birds were chirping and shrimp boats engines were humming. Serenity were the views of Bon Secour River.
Yesterday I was fortunate to tour the shores of Normandy, walk the beach and visit the American cemetery. How heroic our soldiers were and how proud I was to be an American. Over 9,000 Americans are buried in the cemetery. All marked with beautiful white marble crosses.
As we approached our group joined into the Pledge of Allegiance and then followed with taps. It was a very emotional day.
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
Is closing a Special Listing on Mobile Bay in Fairhope, Alabama.
This is why I love living and selling Fairhope, Alabama. Night before last, our sky was brilliant from the setting sun. The above pictures shows the beginning to the end. Each night is different, but this night was special. Our little town of Fairhope is getting ready for downtown trick and treat. This will be Saturday from 10-2. Please stop by our downtown Ashurst and Niemeyer office.
Henry Ford once said “Coming together is a beginning. Keeping together is progress. Working together is success.”
How this saying fits with real estate but also in all walks of life. This past Friday was of course the first Friday of the month but in FAIRHOPE it is “Art Walk”. Ashurst and Niemeyer’s downtown office on Section was open to our many clients as well as public. Music was provided by Jeff Farrow, who was incredible. Thank you for all that dropped by. This night was a tremendous success.
If you have not attended Art Walk, please put it on your calendar. You can start at the Art Center and stroll throughout the town. Be sure to make reservations for dinner to top off your evening. Fairhope is a truly wonderful place to live.
“When I was a little bitty baby
My mama would rock me in the cradle
In them old cotton fields back home”….
What a beautiful site to see, as I drove around Baldwin County yesterday.
I am sharing this article to you. Definitely buying or selling a home is very stressful, but this article points out strategic information
that you need to consider in choosing an agent. The strengths of an agent is professionalism, marketing abilities, education and
understanding the industry. Read on for the 7 steps.
Movoto, a real estate blog, managed by Randy Nelson, has ventured to rank THE 10 SMARTEST PLACES IN ALABAMA based on a series of criteria including number of colleges and universities per capita; library per capita; museums per capita; percent of residents with bachelor’s degree or higher; high school graduation rate; and average K-12 class size.
So which cities landed on the “A” honor roll as Alabama’s smartest? Here you go:
1. Mountain Brook
7. Vestavia Hills
10. Muscle Shoals, Montgomery (tie)
WE ARE LIVING IN THE RIGHT PLACE—FAIRHOPE RATES AS #2.