August Updates
Orange Beach, Gulf Shores & Perdido Key Real Estate Updates
Can you believe it is almost fall?! Our son, Attison, will start back to school on Monday and (don't tell him) we are excited to have him out of the house for several hours each day. I am loving seeing all of your facebook and instagram posts with your kids and grand kids heading back to school. You can look for ours on Monday.
Since we are almost 3 quarters through the year, I figured I would do a year to date update for you with both home and condo sales here on the coast.
There have been 240 homes that have sold since January 1st of this year in Orange Beach, Gulf Shores (south of the intracoastal) and Perdido Key. This is 31 more homes sold than the same period last year and the average selling price has increased by about 41k as well. This is great news as the housing market has lagged behind the condo market as far as the recovery has gone.
| Statistics (240 listings) |
|||||
| Low | High | Average | Median | Total | |
| List Price | $62,000 | $2,500,000 | $422,742 | $328,750 | $101,458,100 |
| Selling Price | $58,500 | $1,850,000 | $393,264 | $317,000 | $94,383,414 |
| Sold/List(%) | 74.00% | 102.67% | 94.33% | 95.22% | -- |
| Price/SqFt ($) | $47.62 | $711.54 | $169.51 | $149.00 | -- |
| Days on Market | 1 | 1695 | 188 | 142 | -- |
Condo sales have been strong this year with 889 unit selling since January. This is 44 units more than the same period last year. Unlike home sales, the average condo sale this year is about 40k LESS than last year. One of the reasons for this is Phoenix West II sales.
| Statistics (889 listings) |
|||||
| Low | High | Average | Median | Total | |
| List Price | $62,900 | $1,400,000 | $346,590 | $319,000 | $308,118,177 |
| Selling Price | $50,500 | $1,400,000 | $331,231 | $298,000 | $294,464,264 |
| Sold/List(%) | 56.36% | 109.66% | 95.50% | 96.00% | -- |
| Price/SqFt ($) | $60.05 | $438.94 | $244.59 | $253.10 | -- |
| Days on Market | 1 | 3034 | 176 | 104 | -- |
| Statistics (714 listings) |
|||||
| Low | High | Average | Median | Total | |
| List Price | $39,900 | $2,190,000 | $345,748 | $289,000 | $246,864,062 |
| Selling Price | $30,000 | $2,190,000 | $331,919 | $276,950 | $236,989,870 |
| Sold/List(%) | 60.12% | 102.86% | 95.39% | 96.02% | -- |
| Price/SqFt ($) | $48.55 | $625.00 | $235.05 | $245.00 | -- |
| Days on Market | 0 | 2236 | 147 | 90.5 | -- |
There is still plenty of time to purchase your dream home on the Gulf Coast before the year is over. We are licensed in Alabama and Florida.
Thinking about selling your home or condo? Let us know and we will be happy to provide you with a market analysis as well as an in depth review of your property so that you can price it right and get the most for your sale.
It's an old statement, but it is true, "A REFERRAL from you is our biggest compliment!" Please feel free to use the social share buttons below to let your friends and family know about us.
Last Minute Deals 50% off Advertised Rate
Turquoise Place 2006D August 18-Sept 1, September 8-18 ***
Tidewater 202 Now to the end of September 50% off ***
Bluewater 303 September 12-19
Moorings 308 September 8-30 ***
Crystal Tower 801 Aug 14-21, Aug 23-30
Admirals Quarters Now to September 5 ***
Wharf 817 Now to September 30 ***
Pelican Pointe 904 Now to Aug 23-30 ***
*** indicates Shrimp Fest Availability 50% off does not apply for this event, but I will make you a great deal anyway. Call 251.500.0596
Post a Comment