April 2014 {Gulf Shores and Orange Beach Real Estate} Market Report

by kddoggett on May 30, 2014

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As the demand increases along the Alabama Gulf Coast, more sellers are slowly deciding now is a good time to get their property in the market for sale.  While there was a small increase in condo inventory, the single family inventory dropped slightly.  Average sales prices also decreased for both condos and single family homes in the coastal Alabama real estate market.  The number of units sold for each category both had increases which should help create demand for May.

March 2014 Condo Market Stats April 2014 Condo Market Stats
988 Active condos on the market in January 2014  1037 Active condos on the market in February 2014
152 of the active on the market condos are Under Contract or Pending Sale 156 of the actives are under contract or pending sale.
  Average sold price hanging steady at: $367,638 Average sold price slightly down: $341,157
104 condos sold in January 2014 from the Alabama Beach Real Estate Inventory  125 condos sold in February 2014 from Alabama Beach Real Estate Inventory
  56 Units sold over the 400,000 mark. (Including 4 Turquoise Place Units) 40 units sold over the 400,000 mark (5 Turquoise Place Units)
Condos on average have sold on average 98% of their original list price, again up from last month. Condos sold at 96% of their original list price on average this month.
March 2014 Single Family Homes April 2014 Single Family Homes
515 Homes actively for sale in January 2014 in the Alabama Beach Real Estate market  497 Homes actively for sale in April 2014 in the Alabama Beach Real Estate Market.
88 of these homes are either under contract or pending sale up about 30% from the prior month.  87 of the active homes are either under contract or pending sale.
The average sales price for homes sold along the Alabama Beach Real Estate market was 357,088 for the month of March 2014. Way up from February.  The average sold price in the Alabama Coastal market was up: $319,399
The Average amount of Days that homes sat on the market before selling this month was 219.  The Average amount of days on the market before selling was 247 in April.
 40 Homes sold in March, double the amount of homes that sold in February 2014. 48 Homes sold along the Alabama coastal communities in April 2014.
Foley Homes: March 2014  Foley Homes: April 2014
69 Homes sold in the Foley and surrounding areas market in March 2014. (This includes the areas of: Foley, Magnolia Springs, Summerdale, Elberta, Robertsdale, Silverhill and Bon Secour)  66 Homes sold in the Foley and surrounding areas in April 2014.
  The average sold price climbed to $163,868 for the month of March. The average sold price was $149,662 this month.
 Distressed sales way down to 13%  Distressed sales up slightly at 17% of the homes sold.
 The average days on the market for the Foley market in March was 219. The average days on the market for the Foley market in April was 171

If you think now is the time to get that home listed to compete in the inventory pool- check out this website and take a look at how I can effectively get your listing in front of the world.

If you see a home or condo that you are interested in, don’t hesitate to contact me so that I can help answer any questions you may have and further educate and guide you during the buying process!

Thanks for following!

~Kristy

251-747-2146

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