Welcome to your monthly update for Condo Sales in Orange Beach and Gulf Shores for August 2018!  You’ll find up to date real estate data for the month as well as how those figures compare to years past.

HERE’S WHAT YOU’LL FIND COVERED BELOW:

  • Total Sales for the Month
  • Annual Sales Trends
  • Median Sales Price
  • Total Condos Listed
  • Average Sales Price
  • Average Days on the Market

Gulf Shores and Orange Beach Condo Report for August 2018

Alabama Gulf Coast Condo Sales - August 2018

Total Condo Sales in August

Condo sales in Gulf Shores and Orange Beach realized a 2% growth from the same period last year.

Annual Sales: Trends

This graph shows the trend for Gulf Coast condo sales over the past 11 years.  For 2017 sales  increased by a total of 180 units which reveals a 11.2% increase.  Over the last 5 years, there has been an average growth of 22.3%.

Median Sales Price

To find the median sales price you look at all of the sales prices in numerical order and pick the middle figure.  You can see that prices have slightly dipped in August compared to the same time last year.  The represents a 3.7% decrease in median sales prices.

Alabama Gulf Coast Condo Sales - August 2018

Total Condos Listed

The total number of condos for sale at the beach decreased by 28 compared to August a year ago.  This is an increase of 3.8%.  The 5 year average represents a decrease of 24.8%.

Average Sales Price

The average sales price is represented by taking the sum of all prices and dividing it by the total number of units.  There was an increase of 6.8% for the average sales price for condos on the Gulf Coast over last years totals in August.  Covering the last 5 years, there’s an overall increase of 26.4%.

Days on the Market

Although prices have decreased slightly last month, the demand for beach condos in Alabama is still strong.  For Days on the Market, there was a 16.2% decrease over the same time last year.

Are you buying or selling a condo in Gulf Shores or Orange Beach?  I hope you have found this information useful and I would love to work with you!  Please visit the following links for additional information and available listings.

Moving to Gulf Shores

Moving to Orange Beach

Condo Complexes in Gulf Shores

Condo Complexes in Orange Beach

All Gulf Shores Condos for Sale by Price

 

$100,000 to $200,000 - $200,000 to $300,000 - $300,000 to $400,000
$400,000 to $500,000 - $500,000 to $600,000 - $600,000 to $1,000,000

 

All Orange Beach Condos for Sale by Price

 

$100,000 to $200,000 - $200,000 to $300,000 - $300,000 to $400,000
$400,000 to $500,000 - $500,000 to $600,000 - $600,000 to $1,000,000

 

Contact me for all of your real estate needs at the beach!

 

Jeff Nelson
IXL Real Estate – Eastern Shore
251-654-2523
jeff@livegulfshoreslocal.com