Skip To Content

Gulf Coast Condo Sales Stats by Jason Will Real Estate

Gulf Coast Condo Sales

Coastal Alabama Condo Sales Making Headlines  – Detailed Article 

The Baldwin County, AL condo market has come a long way since the bottom fell out in 2008, where the condo listing inventory totaled over 37 months of supply.  The sales stats for September 2013, provided by the Alabama Center for Real Estate in conjunction with the Baldwin County Association of Realtors, showed that supply has dwindled down to 8.3 months.  This represents a decrease of over 23% from the previous year.

The decrease in inventory levels have sparked a significant increase in condo prices along the Alabama Gulf Coast.  The median selling price in September for a Baldwin County condo was $311,500, which represents a 58.8% increase from September 2012. Are you still thinking you have plenty of time to get a good deal on a beach condo, well think again, as prices from August to September 2013 jumped 24.8%.

The sales stats below represent Orange Beach condos sales dating back to April 1, 2013.  The high numbers represent the robust sales taking place at one of the most luxurious condominium developments on Pleasure Island, Turquoise Place Resort.  Over 500 broker listed condos have sold in the last 6 months, with an average sold price per square foot of $262.77.  The average days on market remains high, at 188 days, yet condos are selling for over 95% of their asking price.

(502 listings)
  Low High Average Median Total
List Price $69,900 $1,935,000 $433,047 $354,000 $217,389,369
Selling Price $67,500 $1,935,000 $417,800 $336,000 $209,735,628
Sold/List(%) 77.22% 155.22% 95.76% 96.27%
Price/SqFt ($) $86.67 $2,785.71 $262.77 $254.00
Days on Market -9 2104 188 102


The sales stats below represent Gulf Shores condo sales dating back to April 1, 2013.  The Gulf Shores condo market has been slightly less active, with 320 total units sold.  The highest sales occurred at Oceania, Lagoon Tower and Island Tower condo developments.  The low sales stats are taken from small inland units, some of which are over 4 miles from the beach.  The average sold price per square foot is considerably less than that of Orange Beach at $182.00.

(320 listings)
  Low High Average Median Total
List Price $54,900 $1,100,000 $224,134 $192,400 $71,722,830
Selling Price $50,500 $900,000 $211,998 $179,950 $67,839,401
Sold/List(%) 74.36% 111.94% 94.47% 94.95%
Price/SqFt ($) $39.42 $395.24 $182.00 $175.50
Days on Market 1 1234 170 102


For more information on Gulf Coast condo sales or to schedule a private tour of your favorite listings, contact the office of Jason Will with Keller Williams Realty Gulf Coast in Orange Beach, AL at 251-866-6464.

Trackback from your site.

Leave a Reply


JWRE Birmingham

4524 Southlake Pkwy, Suite 4
Hoover, AL 35244

JWRE Fairhope

154 N. Section Street
Fairhope, AL 36532

JWRE Gulf Coast

3800 Gulf Shores Pkwy, Suite 106
Gulf Shores, AL 36542