Properties For Sale Stats:
Daphne
- Median list price – $276,162
- Average price per square foot – $116
- Average days on the market – 124
- Percentage of homes with a price decrease – 27%
- Median House size – 2,435 square feet
Inventory remains relatively low in relation to the numbers of buyers so real estate conditions in Daphne favor the seller.
Gulf Shores
- Median list price – $399,700
- Average price per square foot – $190
- Average days on the market – 151
- Percentage of homes with a price decrease – 26%
- Median House size – 2,188 square feet
Real estate conditions for single family homes in Gulf Shores favor the buyer as the supply of homes for sale outpace the demand.
Orange Beach
- Median list price – $411,750
- Average price per square foot – $188
- Average days on the market – 146
- Percentage of homes with a price decrease – 9%
- Median House size – 2,229 square feet
Although sales have been exceeding new home inventory lately, Orange Beach still remains in a buyer’s market. Prices are not likely to increase for single family homes in Orange Beach until the demand is greater than the supply.
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 – 6/5/17 appeared first on Condos and Homes for Sale in Gulf Shores and Orange Beach, AL..
