If you are thinking about buying or selling a Gulf Shores condo, this article will give you a great idea on how the real estate market is doing in our area.
GULF SHORES CONDO SALES SNAPSHOT – February 2020
I’m Jeff Nelson with IXL Real Estate and I’ve prepared this information to give my current and future clients the most possible information so they can make a informative decision.
CONDO SALES IN THE LAST 12 MONTHS
The first half of the graph highlights all of the condos that have sold in the last 12 months. Yes, there were 658 condo sales just in Gulf Shores last year. That doesn’t include of course, sales of commercial properties, land, single family homes, or any Orange Beach sales.
One of the interesting points to notice is how many condos sold during the peak months of March through August and the off peak months of September through April. Many buyers think that most of our business here at the beach is during the summer months. As you can see, we stay quite busy throughout the year.
You can also see that we have a wide variety of condos in all different prices and sizes. Whether you are looking to live in Gulf Shores and use the condo as an investment, the chances are good that we have something for you.
Take notice of the average listing to selling price ratio. This means that on average, buyers were able to get 4% off the asking price which tells us that we are still in a slight buyer’s market.
YEAR OVER YEAR
The bar graphs on the second half of the infographic relate to condo sales in Gulf Shores from Feb 5th through Feb 5th for the given year.
What is very interesting here is to see the gradual and consistent growth in value over the last 4 years. Think of where you would be now if you bought a condo in 2016.
If you need anything at all or have questions about the Gulf Shores real estate market, please get in touch with me. I’d love to talk with you about your goals for a beach property.