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Gosh, it's been grim. But I'm here to tell you that this month - April 2010 - feels like it might as well be 2005, considering the volume of house sales going on.
Sure, the homebuyer tax credit expires April 30. Sure, some people moved up their time frames to capture as much as $8,000 in tax ...
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Pending sales have soared as the expiration of the home buyer tax credit approaches.By April 8, 173 homes on the Eastern Shore of the Mobile, Alabama Metro area had gone under contract, up from 125 under contract during the first week in March, 2010. Of these, 43 are new construction and 30 are short sales or foreclosures.The First-Time Homebuyer ...
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Home sales rose 46% in February and pending sales increased almost 7% over January on the Eastern Shore of the Mobile, Alabama, Metro area.Ok, so January is rarely a great month in real estate in Spanish Fort, Daphne and Fairhope. But an increase from 43 sales in January to 63 in February (even with the distractions of Mardi Gras and the Super ...
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Statistics can be manipulated. But the evidence shows a 17.5% decline in house values on the Eastern Shore in 2009. Coupled with our deceptive and behind-the-rest-of-the-nation 1% decline in 2008, housing prices are almost back to pre-Hurricane Ivan levels of 2003-04. The ...
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Home sales improved slightly in November, with 65 properties sold compared with 59 in October.New construction (most selling between $180,000 and $200,000) accounted for 37% of all the sales on the Eastern Shore of the Mobile, Alabama, metro area.For the price-per-square-foot fans, the average in new construction sales was $98.76 a square foot; ...
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October, 2009 home sales for the Eastern Shore of MobileThe upcoming expiration of the first-time homebuyer tax credit likely lead to a reduction in home sales in October on the Eastern Shore of the Mobile, Alabama, metro area.Home sales fell from 87 in September to 59 in October in Spanish Fort, Daphne and Fairhope. The first-time homebuyer tax ...
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A year ago, home sales on the Eastern Shore fell off a cliff. Then they tumbled even further, apparently hitting bottom in the early spring.But that month – August 2008 – showed a breath-taking 40 percent decline in the number of houses sold between Spanish Fort and Point Clear on the Eastern Shore the Mobile Metro area. To ...
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Home sales statistics on the Eastern Shore of the Mobile Metro area continue to show signs of a stabilizing market, though Realtors generally believe home prices continue to fall.Both home sales and pending sales in Spanish Fort, Daphne and Fairhope/Point Clear showed slight increases over June, 2009. Yet, 20 percent of home sellers reduced prices ...
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Want some good news?
The number of homes sold on the Eastern Shore increased 24 percent in the 2nd quarter compared with the 1st quarter.
Priced right for today’s market, homes will sell.
Looking at month-by-month sales, it seems that we are bumping along what I hope is the bottom. Between Spanish Fort and Point Clear, 207 homes sold this ...
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May home sales increased 22 percent over April on the Eastern Shore of the Mobile Metro area.This typical seasonal bump of 77 homes sold was still some 15 percent lower than sales in May 2008 when 91 houses closed. However, it was better than April’s 53 sales in Spanish Fort, Daphne/Lake Forest and Fairhope/Point Clear.Pending sales have ...
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