3 Bedroom Condo Overview - Gulf Shores - Jan 2020

Condo buyers in Gulf Shores have different needs and, as a busy Realtor at the beach, I hear the need for 3 bedroom condos.  2 bedroom condos sell more often which mainly due to the fact that they’re less expensive.  However, many feel that they can afford to step up to more space so this article is dedicated to…….

3 Bedroom Condos in Gulf Shores

January 2020

Below you’ll find units that are on the market right now as well as those sales from the past and how prices compare to each other over the years.

Are you thinking about buying a condo in Gulf Shores?  Here are the most up to date stats for 3 bedroom units that are on the market now…..

  • 71 for sale
  • Highest price – $850,000
  • Lowest price – $172,000
  • Average price – $427,305
  • Largest – 1,988 square feet
  • Smallest – 987 square feet
  • Average size – 1,426 square feet
  • Price per foot – $303
  • Days on the market – 133

 

Here are a few communities where you can find these units:

 

Find all Gulf Shores condos with 3 bedrooms here.

Sold Units Compare to the Past Few Years

First, here’s what sold last month……

3 Bed Condos Sold in Gulf Shores - Jan 2020

Whether you are buying or selling a condo, having present and past real estate information can keep you from overpaying or sitting on the market (respectively).

Just when you think that the real estate market goes stale during the holidays, we see that 11 people closed on a new property in December.  Plus, these are all substantial sized condos!  The market here is very strong and the buying trend is steady for full timers, second home buyers, and investors.

7 of the 11 complexes above are located on the beach.  I love looking at this data because you can see what is attracting buyers right now.

If you look at the sales of condos over the past 4 years, you see that prices have appreciated a whopping 21%!  Where do you think prices will be in the year 2025?

To give you an idea of consistency, 70 3 bedroom condos were sold in the past 5 Decembers.  And, of course the numbers are only about to increase as we get into the warmer months.

Do you want to invest here at the beach or have your own second home retreat?  Please reach out to me for more information, rental history, or to schedule a private showing for any property.

Buying a 3 Bedroom Condo in Gulf Shores

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.