The August 2008 data for Spanish Fort has 137 homes on the market. The average list price of $360,643 and a median price of $319,900, are both basically unchanged from July. These homes have been on the market for an average of 137 days, two weeks longer than in July. The median is the point where there are the same number of prices lower than higher.  In August, 5 homes have sold in Spanish Fort with an average sales price of $254,620 and a median sales price of $302,500. This average price is down quite a bit from a major spike in July, possibly due to a very high priced home skewing the average. This is $2000 below the June average price of $256,756. Average days on the market for these homes sold in August was 107 days. The number of homes that are presently under contract in Spanish Fort is 13 with an average sales price of $353,162, a 1% increase over July. The median price point of $298,500 represents a 3.5% drop over last month. These homes were on the market an average of 165 days, 21 days longer than in July.  To find a beautiful dream home in Spanish Fort, visit http://barbarareevesrealtor.com.

On July 7^th, Spanish Fort Alabama residents will have the opportunity to voice their opinions on amending the height of cell phone towers within the city. Spanish Fort City council made the recommendation last week during a meeting which would change the current law that states cell phone towers can be 180 ft., to be about half that. For the past three years, a temporary truck-based tower has been located on the Causeway near a gas station and the new tower would replace this one in the same location; the city council may also rezone all or a part of this property to the T-1 zoning district, but any portion that is rezoned must be within the original parcel of land for the wireless communications facility to conform to setback requirements.

The public hearing will be held at 6pm on July 7^th, and more information can be found at Baldwin County Now news online.

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More information on Spanish Fort Alabama homes

Fairhope Alabama’s City Council is in the process of creating a strategic plan that will assist the city in making decisions about how to distribute taxpayer resources; they have appointed a Strategic Planning Process Committee to address the issue in more detail. A final Strategic plan would offer Fairhope Alabama direction to their future goals. This plan will address such long-term goals as economic and workforce development, entertainment and the arts, housing and governmental services, transportation and infrastructure, land and property use, and educational services for adults and children.

The Strategic Planning Process Committee will meet again on May 27th to discuss what the process of coming up with a strategic plan will entail and how much the costs would be; they intend to meet bimonthly until they complete their current task.
 

Baldwin County Now news online
 A great source for up-to-date community, real estate, and business news in Baldwin County Alabama
 http://www.baldwincountynow.com/

With Northrop Grumman’s Mobile Alabama location seeing KC45 Tankers in their future, the aviation industry in Alabama will draw a crowd this year

The 3rd Annual Fairhope Festival of Flight will be on May 17th at H.L. “Sonny” Callahan Airport. This year the festival will feature one of the youngest aerobatic pilots in the world, Alex “Gabby” Land of Atlanta; at just 18 he will be competing in the World Championships for the U.S. National Team in his expertise—advanced and unlimited aerobatic categories.

The festival will fall on Armed Forces day and this tradition will likely continue as way of honoring those in service. Having the Festival of Flight in Baldwin County Alabama also allows the county to showcase their suppliers, offer jobs, and bring in companies. The recent win by Northrop Grumman/EADS of the US Airforce contract for KC45 Tankers in Mobile Alabama has peaked more interest and growth in the aviation industry and thus this annual festival is expected to draw a larger crowd than previous years.
 
 
 Fairhope’s Festival of Flight
 more information on Fairhope’s Festival of Flight
 http://www.fairhopefestivalofflight.com

Northeast Elberta Alabama subdivision will be on hold until the developers can meet with the local propety owners to address concerns

The plans for a new subdivision in northeast Elberta of Baldwin County Alabama will be on hold due to a withdrawal of the developer’s request for rezoning of the area.  The development plans for this 79 acre area included a subdivision with 214 homes, but Katz Builders and Developers feel they need to delay the zoning request for the time being due to the many concerns that have been circulating among the neighboring farmers.

Since hearing about the proposed subdivision, local farmers have been opposed to the idea, fearing that it will encumber daily work and ultimately be the end to farming in the area. Thus, Katz officials feel it more appropriate to take the time to address concerns and then submit a revised proposal later.

 Top Real Estate News at Inman News
 find the information you need to buy or sell a home in Baldwin County Alabama
 http://www.mymobilerealestate.com/real_estate_news.htm

With construction plans for Columbia Southern University and Baldwin EMC, Orange Beach’s business park is underway

A business park at Orange Beach Alabama’s northern boundary is taking form three years after the 80 acres of Foley Beach Express land was purchased. Two occupants in this business park will be Columbia Southern University and Baldwin EMC. 

Columbia Southern University, which has grown considerably since its beginnings, has a need for more space as they are expected to bring in more than twice their current enrollment by 2010. Last December, the three-story University building began to be constructed which will occupy 67,000 square feet; they will also have 20 acres of land left for future expansion. Baldwin EMC purchased 20 acres of land also to relocate their south Baldwin County Alabama hospital.

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The proposed ammendment to zoning just north of Spanish Fort AL will allow Cypress Point developers to build more desirable homes for the current housing market

There may be some changes to the Condos just north of Spanish Fort Alabama if a proposed amendment to the zoning is approved. Cypress Point developers are looking to replace these condo towers with country cottages and lodge-type buildings; this change in plans was influenced by recent market research which has shown that the modern looking condos are less desirable than a rustic, but upscale cottage in the area’s housing market. The landscape surrounding the condos would also complement the southern country theme beautifully.

The proposed amendment to the area north of Spanish Fort Alabama’s zoning would allow Cypress Point’s development plans to be underway; it is also likely that it will meet with approval as the surrounding communities have not been pleased with the controversial condo towers.
 
 
 Press-Register online news source
 Read more about the development plans for Spanish Fort AL
 http://www.al.com/news/press-register/baldwin.ssf?/base/news/1210065335224490.xml&coll=3

Current Real Estate Conditions in Spanish Fort, AL

There are 133 homes on the market in Spanish Fort with an average list price of $380,517 (up 3% from 1st quarter) and a median price of $329,900 (up 1.5%). These homes have been on the market for an average of 121 days. The median is the point where there are the same number of prices lower than higher. In April, 13 homes have sold in Spanish Fort with an average sales price of $238,114 (down 8%) and a median sales price of $220,000. Average days on the market was 106. The number of homes that are under contract in Spanish Fort is 21 with an average sales price of $250,391 (unchanged from Q1) and a median price point of $199,900 (down 10%). These homes were on the market an average of 117 days. Generally speaking, the Spanish Fort market is still a good buyer’s market with plenty of inventory and relatively steady pricing.

An update on current market conditions for Fairhope, AL

At the end of April there were 503 homes on the market in Fairhope with an average list price of $445,332 and a median price of $349,900. The median is the point where there are the same number of prices lower than higher. Average price is up slightly over the first quarter of 2008.  In April, 15 homes sold in Fairhope with an average sales price of $419,160 and a median sales price of $264,000. This is a 23% increase in average sales price and a relatively unchanged median price over first quarter 2008. The number of homes that are presently under contract in Fairhope is 27, with an average sales price of $394,504 and a median price point of $298,900. These homes averaged 184 days on the market. Homes are taking slightly longer to sell, but prices are holding strong. If you are looking for a home in Fairhope, this is a great time to make your purchase decision!

Update on Business and Real Estate Conditions in the Mobile Bay Area

The Future is Bright for Baldwin and Mobile Counties!