Properties For Sale Stats:
Daphne
- Median list price – $258,000
- Average price per square foot – $111
- Average days on the market – 142
- Percentage of homes with a price decrease – 26%
- Median House size – 2,342 square feet
The sale of homes have been increasing over new inventory for a few weeks, so demand is increasing over supply. Days on the market is trending down. We’re still in a buyer’s market for Daphne, however all indicators are showing that Daphne is slowly moving over to seller favorability.
Gulf Shores
- Median list price – $413,498
- Average price per square foot – $188
- Average days on the market – 163
- Percentage of homes with a price decrease – 20%
- Median House size – 2,324 square feet
Gulf Shores is also showing signs of moving into a sellers market soon. Demand has been overtaking our supply for weeks. As this continues, we are likely to see an upward movement in pricing.
Orange Beach
- Median list price – $439,900
- Average price per square foot – $185
- Average days on the market – 142
- Percentage of homes with a price decrease – 16%
- Median House size – 2,404 square feet
Supply and demand indicators are the same for Orange Beach as well. Home sales have been exceeding new inventory for a few weeks now so pricing is expected to begin to increase as we move into a seller’s market.
Please contact me if you are in the market to purchase or sell a home in Baldwin County. I’d love to work with you.
Jeff Nelson
Bellator Real Estate & Development
251-654-2523
[email protected]
The post Weekly Real Estate Update – Daphne, Gulf Shores, and Orange Beach – 3/13/17 appeared first on Condos and Homes for sale in Gulf Shores and Orange Beach, AL..
