Welcome to your monthly update for Condo Sales in Orange Beach and Gulf Shores for December 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 December 2018

Alabama Gulf Coast Condo Sales Page 1 - Dec 2018

Total Condo Sales in December

There was a decrease in December sales of 14.2% for Condos in Gulf Shores and Orange Beach from the same period last year.

Annual Sales: Trends

This graph shows the trend for Gulf Coast condo sales over the past 13 years.  For 2018, sales decreased by a total of 232 units which reveals a 13% decrease.

Median Sales Price

The median sales price is found by looking at all of the sales prices in numerical order and pick the middle figure.  You can see that prices have slightly dropped in December compared to the same time last year.  The represents a 4.7% decrease in median sales prices.

Alabama Gulf Coast Condo Sales Page 2 - Dec 2018

Total Condos Listed

The total number of condos for sale at the beach increased by 26 compared to December a year ago.  This is an increase of 3.9%.  The 5 year average represents a decrease of 17%.

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 1.7% for the average sales price for condos on the Gulf Coast over last years totals in December.  Covering the last 5 years, there’s an overall increase of 9.1%.

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 8% increase over the same time last year.

If you are thinking about buying or selling a home in Orange Beach or Gulf Shores I would love the opportunity to talk with you to discuss your needs.  Hopefully the figures above are helpful in order for you to make a more informed decision.

Check out the links below for area information, pricing, and active condos for sale.

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

 

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