Daphne, AL Real Estate News

By Jason Will, Jason Will Real Estate
(Jason Will Real Estate)
The Community of Malbis Real Estate and Living The community of Malbis has a deep rooted history on Mobile Bay's eastern shore, dating back to the early 1900s.  During this time, Greek immigrants selected the area as their new home and began to build new lives for themselves and many of their fellow countrymen soon followed.  Community leaders opened the Malbis Memorial Church in 1965, a replica of a Byzantine church in Athens, Greece.  The church was constructed of timeless materials, imported from an older world, and remains to this day as one of the most magnificent structures in Baldwin County, AL. Search Malbis Residnetial Real Estate Listings for Sale in Daphne, AL The community of Malbis is experiencing tremendous growth, due to a popular school system and easy access to the I-10...
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By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
Home sales on the Eastern Shore of Mobile, Ala., rose 18% in March, with 100 homes sold in Spanish Fort, Daphne and Fairhope. This follows 57 sales in January and 82 in February. A third of the sales were short sales or foreclosures; another third, new construction; and the rest, existing home sales. Foreclosures and short sales make up only 9 percent of the homes currently listed. Pending sales remain consistent with 179 homes under contract, compared with 173 homes under contract this time in March. Here are the stats for the Eastern Shore: Total houses for sale: 1,024 (92 are foreclosures or short sales) Spanish Fort: 133 Daphne: 347 Fairhope: 544 Pending sales Total: 179 Spanish Fort: 26 Daphne: 75 Fairhope: 78 Closed sales for March, 2011 Total: 100 Average sales price: $204,757, d...
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By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
February may be a short month, but a lot was packed into it for housing on the Eastern Shore of the Mobile, Ala., metro area. Home sales in Spanish Fort, Daphne and Fairhope rose from 57 in January to 82 in February. But one-in-three sales was a foreclosure or short sale. Pending sales are also stronger than in recent months with some 173 homes under contract in early March, up from 146 during early February. After a couple of real and disappointing blows to the local economy - the Gulf Oil Spill and the loss of the Air Force refueling tanker contract - this area may very well pin its hopes on a rebound in tourism during spring break. Here are the stats for the Eastern Shore:Total houses for sale: 1,010 (93 are foreclosures or short sales) Spanish Fort: 121Daphne: 354Fairhope: 535 Pendi...
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By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
January is probably the bleakest of months for home sales, between post-Christmas belt-tightening and the frigid weather. And this past month was no different with 57 sales compared to 89 sales in December 2010 on the Eastern Shore of the Mobile, Ala., metro area. Yet compare those numbers to the 43 sales this time last year and the 56 sales in December 2009 and you see a trend. Sweet, eh? But sales vs pricing are two very different things. And prices are still under extreme pressure from competing foreclosures in Spanish Fort, Daphne and Fairhope. While just under 10% of the housing inventory is a foreclosure or short sale, these homes draw an incredible amount of attention and virtually all will sell eventually. The same cannot be said about the rest of the inventory. Pending sales ar...
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By Jason Will, Jason Will Real Estate
(Jason Will Real Estate)
The Beautiful Austin Subdivisions Wouldn't it be nice to find a wide variety of home listing options in a quiet, yet super convenient area of Daphne, AL?  The Austin area provides easy access to the interstate, shopping, dining and schools, with the peacefulness of a more rural country setting.  The Austin Park and Austin Brook subdivisions, share excellent community amenities, to include an outdoor pool, fishing ponds, tennis and basketball courts. Buyers will have Energy Star new construction options to choose from, as well as polished custom homes in well established communities, like Austin Bridges. Search Austin Subdivision Homes for Sale in Daphne, AL Austin Bridges - Austin Bridges is a beautiful subdivision of quality custom homes with all the extra features, like granite, hardw...
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By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
Overall, the 2010 housing market on the Eastern Shore showed marked improvement over 2009 with the number of sales up 13%. But remember, 2009 was pretty bad. The free-fall depreciation in home values in Fairhope, Daphne and Spanish Fort of 17.5% in 2009 slowed to 3.5% in 2010. Where and when we will hit bottom, no one knows. The market is giving mixed signals about the future. So let's take a simple supply-and-demand look at it.     Oversupply: 83% of all sales in 2010 were for houses price under $300,000, yet 38% of all the homes currently listed are priced over $300,000.     Undersupply: 24% of all sales were new construction, yet only 14% of the current housing inventory is new. Because rampant over-building hurt this market (evidenced by many subdivisions that look they were visited...
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By Jason Will, Jason Will Real Estate
(Jason Will Real Estate)
Lake Forest Golf Course Community If you were to study the only the sales data, you might label Lake Forest a subdivision on the decline.  Lake Forest continues to produce a high percentage of foreclosures and short sales, which are driving prices down and creating an exodus of long time residents.  The distressed sales are driving prices down and forcing traditional sellers to lower their prices in an effort to stay competitive. These negative market conditions have created some incredible buying opportunities for first-time and retired home buyers, looking for a good deal.  Lake Forest offers golf course home-sites, as well as lake front living.  There are a multitude of community amenities, to include golf, tennis, 3 swimming pools and yacht club.  In addition to a strong amenity pa...
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By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
"Is it getting any better?" I get this question about as often as "How ya doin'?" The answer to the local housing market question is: Not really. Home sales and pending sales were virtually unchanged on the Eastern Shore of Mobile, AL from October to November. And the bigger picture shows that the market absorption rate is still seriously out of whack. Industry experts agree that a six-month inventory of homes for sale is the sign of a healthy, stable market. If the absorption rate surpasses that, then it's a buyers' market. Locally, if not one more house was listed for sale in Spanish Fort, Daphne and Fairhope, it would currently take a little more than 11 months to clear out the current inventory. Let's hope that some of those defense contracts with Austal shipbuilders and the EADS Ai...
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By Jason Will, Jason Will Real Estate
(Jason Will Real Estate)
French Settlement New Construction Subdivision French Settlement is THE up and coming new construction subdivision in Daphne, AL!  Why, you ask?  Well, its location to start!  The ideal County Road 13 location provides a central location to all the key destinations, like the Daphne's top rated public schools, Bayside Academy, the Eastern Shore Centre and Interstate 10.  This location could not be more convenient for parents with school age children and who might be commuting back and forth from Mobile on a daily basis. Search French Settlement Real Estate Listings for Sale French Settlement has an advantage in today's challenging real estate market, as new construction is in demand.  Builders are offering competitive pricing, luxurious upgrades and closing cost incentives, that are just...
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By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
October home sales in the Eastern Shore of Mobile, Alabama, slumped 22% in October over the previous month. But pending sales are up 14% over September's numbers in Fairhope, Daphne and Spanish Fort. Inventory is down slightly, from 1,151 last month to 1,099. New construction represents 13% of homes for sale, while short sales and foreclosures make up 9% of the current inventory on the Eastern Shore. Here are the stats for the Eastern Shore:Total houses for sale: 1,099Spanish Fort: 127Daphne: 394Fairhope: 578 Pending salesTotal: 148         Spanish Fort: 29 Daphne: 56Fairhope: 63 Closed sales for October, 2010Total: 63, down from 81 in SeptemberAverage sales price: $229,040, an increase over September's $225,689. Median sales price: $190,000, a decrease from September's $196,900. List t...
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By Jason Will, Jason Will Real Estate
(Jason Will Real Estate)
Sehoy Subdivision Homes for Sale Sehoy subdivision is what I look for in terms of a quality place to live.  A neighborhood should meet three important qualifications: location, location, location!  Sehoy just might have the best location of any subdivision in Daphne, Alabama.  Residents are in very close proximity to all that Daphne has to offer, to include: bay front parks, public and private schools, Interstate 10, Eatern Shore Centre, Sam's Club, Lowe's and Home Depot.  Search Sehoy Subdivision Homes for Sale in Daphne, AL Sehoy subdivision is in a very pretty part of Daphne, with tall green trees and slow rolling hills.  Personally, I like a subdivision that is carved out of nature, with lots of mature trees and natural vegetation.  Sehoy has a beautiful lake, stocked with fish and ...
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By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
Some perspective: 1 in every 5 homes sold on the Eastern Shore of Mobile, Alabama, since the first of the year was a distress sale. Nationally, nearly 1 in every 4 homes sold in June was a foreclosure or short sale, according to CoreLogic. In Alabama that same month, 1 in every 7 sales was a distressed property. In Baldwin County, 5.2% of mortgage-holders  were more than 90 days delinquent on their payments in the 2nd quarter, according to TransUnion Trend Data. Nationally, nearly 1 in 10 mortgages in the country's largest 100 metro areas are more than 90 days delinquent, according to the Center for Housing Policy, the Local Initiatives Support Corporation and the Urban Institute. Despite the announcement that the Great Recession ended in June 2009, the problems are not over.     So, my...
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By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
September homes sales on the Eastern Shore rose again and inventory continued to decline. The number of homes sold rose 12 percent in Fairhope, Daphne and Spanish Fort, while inventory declined about 3 percent. Pending sales in mid-October are down 19% over the previous month. The outlook is cloudy with the foreclosure debacle likely to play out over the coming months. Investigations that major lenders "robo-signed" foreclosure documents without careful scrutiny have forced Bank of America to put a halt to some foreclosure proceedings in some states. Other banks are taking action to review their processes. But locally, foreclosures are still being posted for sale on the courthouse steps. So, we'll see. Here are the stats for the Eastern Shore:Total houses for sale: 1,151Spanish Fort: 14...
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By Jason Will, Jason Will Real Estate
(Jason Will Real Estate)
Our new SouthAlabamaLiving.com Team listing in Chamberlain Trace subdivision in Daphne, Alabama combines three features that are crucial in today's real estate market: quality features, ideal location and exceptional value. Unfortunately for our owners, we are offering this listing to prospective Daphne homebuyers as a Short Sale, which means that the house is being sold for less than what is owed to the bank holding the note.  An additional downside to the Short Sale is the time needed from contract to close.  Typically, we are looking at a 90 day process. Why should a prospective Chamberlain Trace buyer devote 90 days of their busy lives to purchase our listing?  The answer is simple, price!  We are offering this listing under $200,000, where prices in Chamberlain Trace are ranging fr...
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Make the most of the first fall weekend and visit the Jubilee Festival in Old Towne Daphne, Alabama to see some of the finest and most unique arts and crafts in the south, let your kids experience making Jubilee art themselves and eat Festival Food! Festival hours are Saturday and Sunday, September 26 & 27 from 10-5 and admission is FREE! Kids Art In The Park is a very special feature allowing kids to be creative by making fun stuff like fish prints, wood sculptures and bead art. The City of Daphne graciously allows these young artists to paint their own design on a part of the fence surrounding Centennial Park. Tickets are 50 cents and activities will require one to two tickets each. Area students will receive two free tickets each! Art In The Park hours are Saturday 10-4 and Sunday no...
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By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
August showed signs of improvement in the Eastern Shore home market with inventory down and pending sales up. The number of homes for sale in Fairhope, Daphne and Spanish Fort fell 5.5 percent and pending sales increased 17 percent. Remember the End-Of-The-World-As-We-Know-It report in late August about existing home sales falling 27.2 percent in July? With economists and journalists taking a minute-by-minute pulse on the real estate market, the patient was almost declared critical. I could - and did - predict that the patient would recover. In fact, Realtors as troops on the ground, sensed that this was yet another trough, with another crest in sight. Expect more of the same in coming months. Here are the stats for the Eastern Shore:Total houses for sale: 1,190Spanish Fort: 144Daphne: ...
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By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
Home prices on the Eastern Shore continue to erode but at a much slower pace than last year's 17.5% depreciation. The average sales price of homes in Spanish Fort, Daphne and Fairhope fell 4.5% since the end of 2009. Generally, we were behind the rest of the country when The Great Recession hit, impacting the housing market. So I expect we'll be behind the rest of the country in hitting bottom. Sales were down in July, with 73 homes closing, compared to 90 in June. However, pending sales are up from 123 this time last month to 132. Here are the stats for the Eastern Shore:Total houses for sale: 1,259Spanish Fort: 154Daphne: 456Fairhope: 649 Pending salesTotal:  132Spanish Fort: 24 Daphne: 66Fairhope: 42 Closed sales for July 2010Total: 73Average sales price: $243,086, down from $252,933...
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By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
Home for sale at 100 Lawson Road, Daphne, Alabama, 36526. To see this home please call Janet English, RE/Max By The Bay, 251 591-2411. Photo GalleryDescription4/2.5 + bonus rm offers easy access location to Daphne High School. This open floorplan has new tile flooring and 19x20 bonus room. Master bedroom is down with private bath with double sinks, garden tub. The other 3 bedrooms are up. This corner lot has a fenced yard and patio.FeaturesBedrooms: 4Bathrooms: 2.5Parking Spaces: 0Year Built: 1992Subdivision: Lake ForestSchool District: DaphneSquare Footage: 1943Agent Name: Janet EnglishBroker: Paige MooreMLS #: 163709Location100 Lawson Road Daphne AL 36526Powered by vFlyer.comvFlyer Id: 3308392
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By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
Home sales on the Eastern Shore of Mobile, Ala., in the first half of 2010 posted their best numbers since 2007. And the 2nd quarter home sales between Spanish Fort and Point Clear helped put the numbers over the top with 294 sales, compared with just 157 this time last year and 227 in 2008. Finally, all the factors seemed to work together: the home buyer tax credit low interest rates, which continue today plenty of homes to choose from realistic sellers who corrected prices in tune with the market pent-up buyer demand, which burst as either time or economic fortunes eased buyers' anxieties So, we no sooner get to the point that finally things appear to be turning around and the BP Deep Water Horizon explodes, killing 11 and unleashing a toxic and uncontrollable spill into the Gulf. Mea...
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By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
Home sales remained steady in June, 2010, compared with May in Spanish Fort, Daphne and Fairhope. Ninety homes closed, just as 90 did in May on the Eastern Shore of the Mobile, Ala., metro area. Average sales price improved tremendously, as did the median sales price. List-to-sales price showed a healthy improvement with sellers getting 96.13% of asking price on average. However, the months ahead point to more uncertainty: Pending sales as of July 8, show a 16% decline over the number of homes under contract during the first week in June. Two known factors are at play here: fears of a double-dip recession and the economic impact of the oil spill in the Gulf of Mexico.   Here are the stats for the Eastern Shore:Total houses for sale: 1,270Spanish Fort: 155Daphne: 462Fairhope: 653 Pending...
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