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Eastern Shore Real Estate & Homes for Sale in Alabama

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Located across the Bay from Mobile, in Baldwin County, are the communities of Blakeley, Spanish Fort, Malbis, Daphne, Montrose, Fairhope and Point Clear. The area is commonly called the "Eastern Shore." The cities of Spanish Fort, Daphne and Fairhope are the largest cities in the area. Spanish Fort, with 4,500 residents, is located to the North, near the mouth of the Tensaw River. Daphne, the largest of the three, with 16,000 residents, is known as the "Jubilee City" and is situated along I-10 and US Highway 98. The quaint village of Fairhope sits father south on the Bay and has a population of 13,000. Point Clear, a community South of Fairhope is the location of "The Grand Hotel", the queen of antebellum Southern resorts, and is known for its beautiful bay front homes/estates. All of the communities are known for their "laid back" life styles, small town atmosphere, community involvement and high quality of life. One of the most popular and highly anticipated events on the Eastern Shore is the annual Arts and Craft Festival in Fairhope. Initially held in 1952, in an effort to draw more visitors from the Mobile area, the festival features artists and craftsmen from all over the United States as well as entertainment, food and fun. Another annual event is the "Jubilee Festival" in Daphne. Over the past decade the area has had substantial economic and population growth thanks to its close proximity to the Mobile Metropolitan area and the sugar white beaches on the Gulf of Mexico in South Baldwin County. Another big draw to the area is the wide variety of homes and the affordability of those homes, many of which have river or Bay front locations.

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Eastern Shore Real Estate - Prices of Eastern Shore Homes for Sale AL

The Eastern Shore home market offers something for everyone from condominiums and townhouses that feature bay vistas to single-family and vacation properties near the waterfront to homes with golf course frontage. Condominiums and townhouses in Fairhope, Spanish Fort and Daphne range in price from $50,000 to $200,000 and more for newer units with amenities such as community facilities in areas such as Bay Forrest and Sunset Villas in Daphne and in South Oaks and Magnolia Beach in Fairhope. Single-family homes prices range from $50,000 to $1 million plus for large estate homes with waterfront locations and views or acreage in areas such as Montrose Village and Oakstone in Daphne and in Molokai Village and Rose Hill in Fairhope.

View Current Rates
-- Oct 23rd, 2014 --
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 30 yr. fixed rate: 3.94%
 15 yr. fixed rate: 3.04%
 30 yr. jumbo rate: 4.47%
 15 yr. jumbo rate: 4.01%
Average Prices of 3 Bed Homes
-- Oct 23rd, 2014 --
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 2 Years Ago  $195,000
 1 Year Ago  $202,000
 6 Months Ago   $194,000
 1 Month Ago  $195,000
 Today  $195,000

Eastern Shore Real Estate Stats and Trends for the week of October 20th, 2014: homes priced around $194,743 compared to $194,743 the previous week, to remain steady with no change in listing price.  For Wednesday, October 22nd, the current national mortgage rate for a 30 year fixed mortgage is 3.94%; the 15 year fixed rate is at 3.04%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.47%, while the 15 year jumbo rate currently is at 4.01%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Eastern Shore AL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Eastern Shore to help you find the best home!

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