Welcome to the real estate market report for the beautiful and quiet community of Sailboat Bay. Here you will find peaceful, waterfront living while being away from the hustle and bustle of the beach – yet you still have a Gulf Shores address.
SAILBOAT BAY CONDOS REAL ESTATE MARKET UPDATE – Jan 2020
Periodically, I produce the figures for the real estate market here in Sailboat Bay. You’ll find information for condos that are on the market and condos that have recently sold. You’ll also see how condo sales stack up against those in years past.
SAILBOAT BAY CONDOS CURRENTLY FOR SALE
Well this is quite unusual but there are just 4 condos for sale in this community for the time being. There are 184 total units here so typically there are more that are for sale. This community remains quite attractive with full time and "second home" condo buyers because of its location and boating facilities.
As you can see from the graphic above, you can buy a condo in Sailboat Bay for a very reasonable price while having access to your own boat slip and great community amenities. For this update, the condos that are on the market happen to be the bigger units but there are a number of units that are smaller with lower price tags (when available).
There are a number of different floor plans here but every unit will either have a view of the marina, the intra-coastal waterway, and/or Bon Secour Bay.
Here you’ll find 2, 3, and 4 bedroom condos and there is a wide assortment of square feet options among all the different floor plans. Of the 2 condos that sold, the most expensive was $355,000 and the least expensive was $325,000. Both of these condos had 1,450 square feet.
The average price per square foot was $234 and these units were on the market for an average of 0 days. Yes, both of these units went under contract on day 1 of the listing. The average listing to selling price ratio was 100%, which means Sailboat Bay is in a very even market.
Looking at historical data for real estate sales in a community can give you great insight on the market. The infographic above gives you a great snapshot of just that. This is great information whether you are buying or selling a condo.
Condo values have increased .82% over the past 3 years.
If you need more information about any of these units in order to buy or sell, please reach out to me.
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