February 2015 Alabama Gulf Coast Real Estate Market Review {Gulf Shores, Orange Beach, Perdido Key, & Fort Morgan}

by kddoggett on March 12, 2015

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With better weather and spring steadily approaching, buyers are abound!  The Alabama Gulf Coast Condo Real Estate market saw a jump in total unit sales, average sales price and a drop in average days on the market.  With the number of units selling jumping by 25 or nearly 25%, the average sales price increasing by $25,000 from January, and the average days on the market decreasing by a whole month.  New listings to come onto the condo market in Gulf Shores, Orange Beach, Perdido Key and Fort Morgan also increased from 109 new listings on the market in January 2015 to 172 new listings on the market in February 2015.  Sellers are also gearing up!

Single Family Homes sales along the Alabama Gulf Coast were also up by 10 homes.  There was a large jump in the average sold price from January to February, which coincides with the 16 homes sold in the $600,000 and above range in comparison to last months 3 home sales in the same price range.  The average sales price raised from $285,372 to $397,404 this month.

The graphics below detail out the currently active properties in the Gulf Shores, Orange Beach, Perdido Key, and Fort Morgan areas in both the condo and single family categories.  They also indicate how many are active and under contract/pending in each price range.

I look forward to your call to answer any questions that you may have about investing in our Alabama Gulf Coast Real Estate market!

~Kristy Doggett

251.747.2146

Feb condo market graphic Feb SFR market graphic

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