Stone Creek, Phase 1, Subdivision was developed on around 330 acres, formerly a hunting preserve. This first phase has 78 lots per record with about 18 common area & green belt parcels.
The developer’s concept is a village community with a lodge, rock water features, stocked lakes, swimming pool, tennis courts, village shopping center, walking trails and a wetland preserve.
The majority of the homes will range from 2,400+- square feet to 4,500+- square feet with primarily four bedrooms and three to four bathrooms. There are only a couple of homes having three bedrooms and one home having six bedrooms according to the online records.
The Average List Price is around $443,462 for the month of October 2009, down $54,624+- when compared to July 2009 having an Average List Price of $498,086.
The Average Sale Price is around $485,583 for the month of October 2009, down only $1,384+- when compared to July 2009 having an Average Sale Price of $486,967.
The Listing Price To Sales Price Ratio is now approximately 90.986% for the month of October 2009. The month of July 2009 the ratio was 98.02%.
The REALTOR online records indicates the Lowest Price Listing is now $381,500 for the month of October 2009 (July 2009 was $369,900.). The Highest Price Listing is now $573,500 (July 2009 was $795,000.).
The Stone Creek "Months Of Housing Supply" calculates to be around 11.94 months for the list to sale time period. Although, Stone Creek appears to have more stable property values when reviewing the calculated inventory analysis for the subdivision.
The above information was obtained from the Baldwin County Association of REALTORS, Albert M. Cheney, Certified & Approved FHA Appraiser, (251) 533-2424, is an associate member of this REALTORS’ organization. (Appraisers Daphne, Fairhope, Spanish Fort, Alabama)
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