Here’s the start of a new infographic series that I’ll be providing for new Daphne home buyers and sellers. Any extra information that is at your disposal when buying or selling a home can only help put you in a better position to win.
So here are the latest stats for……..
HOME FACTS IN DAPHNE FOR February 2020
I love this information because it gives you some real good insight and a snapshot of our real estate market in Daphne. This is a growing city and the numbers are proving it.
HERE ARE THE KEY POINTS IN A NUTSHELL:
The Daphne real estate market is perfect for home buyers who are looking to buy a home that is under $250,000. This price point is prime territory for first time home buyers.
The median home value is less than the rest of Baldwin County and the US. Daphne is not a depressed area by any means yet there is a lot of room for growth. With the sales that we see in town, home values are sure to continue to increase.
1/3 of the homes for sale are priced under $250,000.
There’s been an 28% increase in the median selling price over the last 4 years in Daphne. Steady growth shows a solid demand over the years.
New construction continues to be a major player in Daphne.
With a listing to selling price ratio of 98%, buyers are able to successfully negotiate an average of 2% off the list price.
Daphne is exploding because there are so many desirable neighborhoods to choose from but here are some of the standouts:
I hope you find this information for Daphne real estate useful. If you are planning on buying or selling a home, please get in touch with me!