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Market Watch for Real Estate in Baldwin County, Alabama

Welcome to my Market Watch Page! I've created this portion of my web site in a continuing effort to keep you informed about what's going on in this crazy real estate market.

I update this page around the 20th of every month with the latest data about real estate in Baldwin County, Alabama. If you'd like to be notified as soon as I've updated this page each month, please subscribe to my Condos in Gulf Shores Blog. (To sign up, just look for the word "Subscribe" on the right-hand side of the Blog page, fill in your email address and you'll automatically be emailed updates of my Condos in Gulf Shores Blog including notification of monthly Market Watch updates.)

Market Watch Information
In the first portion of this page, I've included data that pertain to real estate in Baldwin County, Alabama, as a whole.

The second part gives you details about closed sales of Gulf Front condos in Gulf Shores, Orange Beach condos and Fort Morgan beach condos.

December Stats - What You Need to Know

Let's take a look at some numbers for December.

Well 2010 has come to a close and at one point it looked like we might end the year with an increase in transactions in Single Family Homes and Condos.  Almost!  The number of SFR's was up 3.25% with 4,455 sold in 2009 and 4,600 in 2010.  The number of Condos sold fell by4.59% with 1,947 sold in 2009 and 1,852 in 2010.  Average prices of Condos in the Gulf Shores area were up for the month of December but dropped by $38,000 for the year. 

The number of new home sales was up by almost 15% from October of 2009.  The Single Family resales beat last December by 10% and are up 5.5% for the year.

The number of resale condominium tranactions in Baldwin County grew by more than 65 units over last year which I think is pretty significant when you factor in the oil spill that brought everything to a screeching halt for at least 3 months.    

Foreclosures in Baldwin County continue to rise.  Total Foreclosures for the year are up 25%.

Gulf front condominium sales have bounced around since the oil spill happened.  Take a look at these numbers.
June
             40
July              24
August          39
September   24
October        53
November    34
December    42

I sincerely appreciate your interest in what is happening in the real estate market in Baldwin County and specifically Gulf Shores and Orange Beach real estate.  If you have questions or comments about any of the information I have posted here, I invite you to call me at 1-866-978-7118 (toll free) or 251-978-7118 (cell).

John  

 

We are seeing the best prices for condos in Gulf Shores and the Pleasure Island market that we have seen in years.  I feel that we are going to find the bottom in the upcoming months. 

If you're interested Gulf Shores and Orange Beach condominium sales listings that have come on the market in the last few weeks, contact me now and I'll email the MLS listings to you. 

Market Watch - December 2010
for Condos in Gulf Shores, Orange Beach Condos, Fort Morgan Beach Condos
(and Single Family Homes and Real Estate in Baldwin County, Alabama)
Brought to you as a free service by John Ricks
and the Gulf e-Team at RE/MAX of Gulf Shores

Sales Activity Real Estate in Baldwin County Alabama

December 2010

Number of Sales
Single Family Homes December 09 December 10 Change
New Home Sales  54  62  14.81%
ReSales 346 383  10.69%
Total Single Family Sales 400 445  11.25%
Condominium/Townhome
New Condos Sold  11   5  -54.55%
ReSales 163 153    -6.13%
Total Condos/TH 174 158    -9.20%
Foreclosures 163 141   -13.50%
       
Dollar Volume of Sales
Single Family Homes
New Home Sales  11,465,736 15,676,916   36.73%
ReSales  60,798,500 66,587,300     9.52%
Total Single Family Sales  72,264,236 82,264,216   13.84%
Condominium/Townhome
New Condos Sold   2,843,500      836,300  -70.59%
ReSales  35,941,600  41,262,300   14.80%
Total Condos/TH  38,785,100  42,098,600     8.54%
Foreclosures  34,150,745  32,004,336    -6.29%

Sales Activity for Condos in Gulf Shores & Orange Beach Condos

December 2010

 


 

 

 

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John Ricks
RE/MAX of Gulf Shores
645 Gulf Shores Parkway | Gulf Shores AL, 36542

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