July 2013 {Alabama Gulf Coast | Real Estate Market Report}

by kddoggett on August 12, 2013

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The Alabama Gulf Coast Real Estate Market report shows steady progress again for July.  Many of the numbers mirroring last months activity.  Slow steady improvement suggests a strong market.  While the distressed numbers have nearly been eliminated from the pleasure island numbers, Foley is also seeing a decrease in foreclosures and short sales.

Small increases in average sold price, and decreases in Average days on the market all suggest a thriving real estate market for our Alabama Gulf Coast.


June 2013 Condo Market Stats July 2013 Condo Market Stats
 1089 Active units  1087 Active units- steady from June!
170 UC or Pending  172 UC or pending units
 Average Sold $: 310,418 Avg Sold Price: 318,256
129 Condos sold in June 129 units sold in July also!
 32 units sold over 400,000 dollars 30 units sold over 400k threshold
95% of list price once again  Average sold price was 95% of list
June 2013 Single Family Homes  July 2013 Single Family Homes
565 Active homes for sale (Gulf Shores, Orange Beach, Fort Morgan, Perdido Key)  575 Active homes on the market in July
 64 Under Contract or Pending  69 are Under Contract or Pending Sale
Average sold price down slightly: 294,870  Average sold price up slightly $314,420
Average DOM: 218  Avg DOM: 167
49 Homes Sold in June.  40 Homes sold in July
Foley Homes: June 2013  Foley Homes: July 2013
50 Homes sold in the Foley market in June  59 Homes sold in July
 Average Sold price steady in Foley: $130,082  Average Sold Price: $153,114 up slightly
26% of the homes sold were distressed in June.  Only 12% of sold homes were distressed this month.
 Avg. DOM: 171  Avg: DOM steady at 165

Watch for your monthly newsletter with video explanations of these numbers to arrive in your inbox if you are a subscriber! If not, please send me an email @ kddoggett@msn.com to be added!

Please don’t hesitate to contact me with any questions that you have!

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