If you are looking for a great opportunity to buy a condo on the beach, look no further than Gulf Shores, Alabama.
The prices have dropped to approximately $139 per square foot for an amazing Gulf Shores condo. Whether if it will be your full-time home, or a vacation destination, now is your best opportunity to live at the beach. You can experience the resort lifestyle 365 days a year when you buy a condo in Gulf Shores. You'll find an average summer temperature around 90° and temperature winters that average about 65°.
The gorgeous Gulf Shores coastline is over 30 miles long. Once you have experienced Gulf Shores you will never want to leave the warm emerald green waters and the white sugar sand beaches. The beaches are considered some of the whitest in the world because of the quartz sand which is very powdery, soft and wonderful to walk on. The emerald green waters are colored by currents bringing suspended silt from the Mobile Bay estuarial system.
It appears that home sales on the coast are starting to show signs of leveling out. It is certainly not considered a recovery, but possibly the beginning stage. The total of active home listings has stopped climbing so quickly. The inventory of used homes remains at a high level. Since new construction has slowed, it has stopped adding to the glut. There are many unanswered questions ahead of us, but, there is a strong possibility that things will continue to improve.
The average price per square foot for Gulf Shores AL ($139) represents a decrease of 24% compared to the same period last year. The median sales price for homes in Gulf Shores AL for July, 2009 to September, 2009 was $197,250 based on 67 home sales. Compared to the same period one year ago, the median home sales price decreased 17.6%, or $42,200, and the number of home sales increased 86.1%.
The average listing price for homes for sale in Gulf Shores AL was $377,599 for the week ending Oct 13, which represents a decrease of 1.4%, or $5,357, compared to the prior week.
Find out why USA Today is calling Gulf Shores one of the best ‘'five hidden, affordable beach destinations."
The period from Labor Day to the end of January is traditionally a good time to buy beachfront property in the Gulf Shores/ Orange Beach area. Sellers are motivated and there tends to be less competition for great properties. If you are looking to call Gulf Shores home, or if you have any questions, please contact Lance Steffek at (251) 981-2225.
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