Located on the shore of Mobile Bay in Baldwin County, Alabama, Fairhope is the bedroom community to the city of Mobile. Home to over 19,000 happy residents, Fairhope is a wonderful city that's been recognized by Southern Living magazine as the second best small town in the south.
Fairhope is a part of the "Eastern Shore", which also encompasses the communities of Montrose, Point Clear, Malbis and Spanish Fort. All of the communities are known for their laid back life styles, small town atmosphere, community involvement, and high quality of life. The city of Fairhope also offers a variety of homes, many of which have golf course or Bay front locations. (more)
One of the most popular and highly anticipated events that residents look forward to is Fairhope's Arts and Crafts Festival held in Downtown 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. Other fun events that residents enjoy partaking in include the First Friday Art Walk, Spring Outdoor Art Show, Grand Festival of Art, and checking out the antique shows at the Fairhope Civic Center.
Fairhope Real Estate Market Info - Prices of Houses for Sale in Fairhope
Fairhope's housing 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. Average listing prices for Real Estate in Fairhope currently hovers in the $400,000 range. Condominiums and townhouses in Fairhope range in price from $100,000 to $990,000. Newer condos and townhomes with exclusive amenities are available in such areas as Colony at The Grand Bayview, Cottages at Point Clear, and Windemere. Single-family homes prices range from $130,000 to $9 million for large estate homes with waterfront locations and views or acreage in areas such as Sea Cliff Cottages and Windemere Place.
Fairhope, Alabama Average Home Sizes and Asking Prices
Asking Price in 36526 - 3 Bedroom Single Family Homes
Fairhope Real Estate Stats and Trends for the week of April 20th, 2019: homes priced around $204,434 compared to $204,434 the previous week, to remain steady with no change in listing price. For Saturday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.