Top Days to List Your Home for SaleSome Highlights: ATTOM Data Solutions conducted an analysis of more than 29 million single-family home and condo sales over the past eight years
Foley Alabama Area Real Estate Market Continues To Show A Healthy Increase
Dated: September 26 2015
The real estate market in the Foley area continues to remain positive with a healthy and steady growth.
Numbers from the Foley single-family housing market showed positive increases across the board over the first eight months of this year.
The Foley single-family market includes homes in Foley, Summerdale, Silverhill, Robertsdale, Elberta, Bon Secour, Magnolia Springs and Lillian.
Through August 31, the numbers are as follows;
725 homes were sold, up from 621 sold during the same period last year — an increase of 17% year-to-year.
The average sale price of homes on the market rose from $151,308 in 2014 to $165,176 in 2015 — a 9% increase.
The median sale price also rose year-over-year from $138,000 last year to $145,985 this year — a 6% increase.
While homes sold for an average price of $80 per-square-foot during the first eight months of 2014, that number rose to $88 per-square-foot during the same period this year — a 10% increase.
There were 162 homes under contract or pending in the region on Sept. 1 this year, compared with 124 at this time last year showing that demand for single family housing continues to be strong.
While the market typically dips a little bit after the summer break, we're seeing a continued interest and project that values will continue to show signs of positive growth through the last quarter of 2015.
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