Home sales for May were up slightly with 87 solds, compared with 66 homes sold in April 2008 from Spanish Fort to Point Clear, Alabama. The number of houses going under contract remains weak at 114 pendings, compared with 110 pendings in April.
Here are the stats for the Eastern Shore:
Total houses for sale: 1,237 (25% are new construction)
Spanish Fort: 128
Daphne: 430
Fairhope: 608
Lake Forest: 71
Pending sales
Total: 114
Spanish Fort: 19
Daphne: 49
Fairhope: 38
Lake Forest: 8
Closed sales for May 2008
Total: 87
Average sales price: $322,187
Median sales price: $255,000
List to sale percentage: 95.68%
Spanish Fort: 11 (including 1foreclosure)
Daphne: 34
Fairhope: 37
Lake Forest: 5
Here’s the comparison, looking at the same data for May 2007
Total: 114
Average sales price: $297,956
Median sales price: $237,900
List to sales percentage: 96.91%