Home buyers and sellers are taking notice of the real estate market in Spanish Fort. Although this town is the smallest of all the major cities in Baldwin County, growth is continuing to expand. There are real estate closings every day in Spanish Fort with both new construction and pre-existing homes.
If you are considering making a move in the near future, bookmark this website. Each month you’ll find useful information about real estate market conditions in Spanish Fort. All figures are up to date and will help you make a more informed decision.
Here’s what you’ll find below:
- Homes that are on the market
- Homes that have sold
- Average prices
- How many days on the market
- The listing to selling price ratio
Real Estate Market Update for Spanish Fort – January 2019
- 152 homes for sale
- Average list price – $338,879
- Price per square foot – $128
- Days on the market – 109
- House Size – 2,565 square feet
To give you an idea of how the Spanish Fort real estate market is growing, 101 of the 152 homes that are for sale were built no earlier than 2015 and the majority of those properties are brand new. There is a ton of new construction going on in Spanish Fort.
On the other hand, if you have interests in slightly older homes, there are great deals to be had like this all brick home in North Lake that has nearly 3,000 square feet.
As of the day of this writing, the most expensive home is for sale at $1,595,000 and the least expensive home is $54,900.
With just over 1 closing every day in January (including Saturdays and Sundays), you can tell that the Spanish Fort real estate market is hot. Don’t forget that this is the smallest city in Baldwin County.
The most expensive home sold for $661,000 and the least expensive home sold for $110,000.
Although we have seen close to 3% appreciation over the last year, Spanish Fort is still in a slight buyer’s market with buyers realizing an average of 4% off of the original list price.
If you are thinking about buying or selling a home in Spanish Fort, check out the Spanish Fort Real Estate Guide and then give me a call. I’d love the opportunity to share what I can do for you.