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Weekly Real Estate Update – Daphne, Gulf Shores, and Orange Beach – 3/6/17

Once a month, I post the statistics for all of the homes and condos that have sold in the 6 major cities of Baldwin County, which include average selling prices, average price per square foot, days on the Market, etc.

These weekly posts give you a good idea of what the market is like for single family homes in Daphne, Gulf Shores, and Orange Beach.

Properties For Sale Stats:

Daphne

  • Median list price – $264,000
  • Average price per square foot – $112
  • Average days on the market – 144
  • Percentage of homes with a price decrease – 26%
  • Median House size – 2,400 square feet

Demand is increasing slightly and sales have been exceeding new inventory for a few weeks. However, prices remain stable until excess inventory is removed. As this trend continues, we could very likely see Daphne move into a seller’s market with an increase in prices but for now, market conditions still favor the buyer.

Gulf Shores

  • Median list price – $408,998
  • Average price per square foot – $189
  • Average days on the market – 168
  • Percentage of homes with a price decrease – 25%
  • Median House size – 2,320 square feet

Market conditions in Gulf Shores are much like those in Daphne. As demand continues to increase, home inventory is falling off and days on the market is lessening. Although Gulf Shores is trending towards a seller’s market, conditions at this point favor the buyer.

Orange Beach

  • Median list price – $429,900
  • Average price per square foot – $199
  • Average days on the market – 145
  • Percentage of homes with a price decrease – 19%
  • Median House size – 2,400 square feet

Inventory is up slightly for single family homes in Orange Beach so pricing is relatively unchanged. Market conditions for Orange Beach still favor the buyer.

Please contact me if you are in the market to purchase 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 – 3/6/17 appeared first on Condos and Homes for sale in Gulf Shores and Orange Beach, AL..



This post first appeared on Live Gulf Shores Local, please read the originial post: here

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Weekly Real Estate Update – Daphne, Gulf Shores, and Orange Beach – 3/6/17

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