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Welcome to the Eastern Shore of Mobile Bay

Thoughts on our Market

By: judyniemeyer On April 16, 2018

What’s happening on the Eastern Shore of Alabama–Spanish Fort, Daphne, Montrose, Fairhope and Point Clear?  Yesterday, we had temperatures in the 70’s and tonight in the 40’s, brisk wind, and magnificent sunsets.  Our market has been active.  Presently our multiple listing service reports 782 homes on the market which is low for our area.  343 homes are under contract with 379 homes have closed since January 1, 2018.  Last year at this same time, we had 412 homes closed.  Our average listed price is $326,137 with an average sales price of $315,479 which is 97% of the listed price.  Definitely our average sales price has gone up.  Due to less being on the market, prices are firmer than in the past but still condition plays a factor.  Our largest competition to resales are new homes.  To sell your homes quicker, look at your home critically and fix what bothers you.  Paint is cheap, but get in the know what is current.  Give me your thoughts as to what you have learned in marketing your home, I would like to hear.

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