November 2013 Alabama Gulf Coast {Real Estate Market Report: Gulf Shores, Orange Beach, Perdido Key, Fort Morgan & Foley Real Estate}

by kddoggett on December 20, 2013

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The Alabama Gulf Coast is thankful for another uneventful hurricane season.  Our Real Estate market(which includes the areas of Gulf Shores, Orange Beach, Fort Morgan, and Perdido Key as well as Foley for our purposes) was able to stay steady and strong all season due to this.   The seasonal drop is witnessed this month as slight dips and drops in number of units sold and inventory.  The average sold price for Homes along the Alabama Gulf Coast was slightly elevated this month due to one home that sold over the 1 million dollar marker.

Foley’s market kept its momentum with very little change except for the notably lower distressed sales percentage in Novermber- another positive for our Alabama Gulf Coast Real Estate market!

 

October 2013 Condo Market Stats November 2013 Condo Market Stats
1002 condos actively on the market  997 condos actively on the market
104 are under contract or pending sale  113 are under contract or pending sale
 Average sold price up: $370,245  Average sold price $326,774
112 Condos were sold in October 2013  95 units sold in November
 35 were over the $400k threshold  26 units sold over the $400k mark
 homes sold at 95% of list once again  Homes were sold at 96% of their original list price this month
October 2013 Single Family Homes November 2013 Single Family Homes
512 Homes actively for sale  518 Homes actively for sale in November
39 Under Contract, 10 Pending sale  47 of those active homes are under contract or pending
Average Home sold price: $263, 050  Average sold price: $328,704 (1 million + home sold bringing that average up this month)
Avg DOM: 159  Average DOM: 182
 38 Homes sold in October  26 Homes sold in November
Foley Homes: October 2013  Foley Homes: November 2013
50 Homes sold in October  56 Homes sold in November
  $147,760 was the average sold price in Foley in October.  $146,694 average sold price
Distressed sales up a bit: 24%  Distressed sales back down to 18% of sales
Avg: DOM 141  175 Average Days on the Market

If  you have any questions about anything you see here, or need assistance in anyway, please don’t hesitate to reach out to me!

~Kristy

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