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

by kddoggett on November 20, 2013

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No different than the last year in our Alabama Gulf Coast Real Estate Market October 2013 was no different.  Small positive climbs and changes were had nearly across the board.  Slight increases in sales prices and steady inventory keeping demand steady as well.  As we roll into the cooler fall months we will likely see the sales drop slightly as winter months are historically slightly slower than the more inviting warmer months.

 

September 2013 Condo Market Stats October 2013 Condo Market Stats
1026 condos on the market currently  1002 condos actively on the market
Of those, 119 are UC or Pending sale  104 are under contract or pending slae
 Avg Sold Price $336,041  Average sold price up: $370,245
119 condos sold in September  112 Condos were sold in October 2013
 Of those sold, 31 were over the $400k mark  35 were over the $400k threshhold
 Again, homes sold at 95% of their original list price  homes sold at 95% of list once again
September 2013 Single Family Homes October 2013 Single Family Homes
518 Active Homes on the market in September  512 Homes actively for sale
39 Under Contact, 14 Pending sale  39 Under Contract, 10 Pending sale
Average sold price $294,546  Average Home sold price: $263, 050
Avg DOM: 206  Avg DOM: 159
48 Homes sold in September  38 Homes sold in October
Foley Homes: September 2013  Foley Homes: October 2013
59 Homes sold in September  60 Homes sold in September
 Average Sold Price: $126,402  $147,760 was the average sold price in Foley in October.
Distressed sales 20%  Disressed sales up a bit: 24%
Avg: DOM 150  Avg: DOM 141

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

251-747-2146

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