Gulf Shores and Orange Beach, Alabama Real Estate Market Report - 10/01/2007

By
Real Estate Agent with RE/MAX of Orange Beach
Gulf Shores and Orange Beach, Alabama Real Estate Market Report - 10/01/2007

Gulf Shores and Orange Beach, Alabama Real Estate Overview:

There are currently 1208 Gulf Front condos in the Gulf Shores and Orange Beach, Alabama real estate market that are showing as active and have been on the market and average of 225 days. There were 416 Gulf Front condos sold in the Gulf Shores and Orange Beach, Alabama real estate market in the previous 12 months and they were on the market an average of 268 days.  The average list price to sales price ratio for the Gulf Shores and Orange Beach, Alabama real estate market in the previous 12 months was 95%.  


Gulf Shores and Orange Beach, Alabama Real Estate from $100,000 - $200,000 (Gulf Front condos only)

There are currently 29 Gulf Front condos in the Gulf Shores and Orange Beach, Alabama real estate market that are showing as active in this price range and have been on the market for an average of 160 Days.  There were 6 Gulf Front condo sold in the Gulf Shores and Orange Beach, Alabama real estate market in the previous 12 months and they were on the market an average of 334 days.  The average list price to sales price ratio for the Gulf Shores and Orange Beach, Alabama real estate market in this price point was 92%.

Gulf Shores and Orange Beach, Alabama Real Estate from $200,000 - $300,000 (Gulf Front condos only)

There are currently 125 Gulf Front condos in the Gulf Shores and Orange Beach, Alabama real estate market that are showing as active in this price range and have been on the market for an average of 194 Days.  There were 44 Gulf Front condos sold in the Gulf Shores and Orange Beach, Alabama real estate market in the previous 12 months in this price range and they were on the market an average of 196 days.  The average list price to sales price ratio for the Gulf Shores and Orange Beach, Alabama real estate market in this price point was 90%

Gulf Shores and Orange Beach, Alabama Real Estate from $300,000 - $400,000 (Gulf Front condos only)

There are currently 202 Gulf Front condos in the Gulf Shores and Orange Beach, Alabama real estate market that are showing as active in this price range and have been on the market for an average of 246 Days.  There were 78 Gulf Front condos sold in the Gulf Shores and Orange Beach, Alabama real estate market in the previous 12 months in this price range and they were on the market an average of 269 days.  The average list price to sales price ratio for the Gulf Shores and Orange Beach, Alabama real estate market in this price point was 95%.

Gulf Shores and Orange Beach, Alabama Real Estate from $400,000 - $500,000 (Gulf Front condos only)

There are currently 256 Gulf Front condos in the Gulf Shores and Orange Beach, Alabama real estate market that are showing as active in this price range and have been on the market for an average of 238 Days.  There were 117 Gulf Front condos sold in the Gulf Shores and Orange Beach, Alabama real estate market in the previous 12 months in this price range and they were on the market an average of 267 days.  The average list price to sales price ratio for the Gulf Shores and Orange Beach, Alabama real estate market in this price point was 95%.

Gulf Shores and Orange Beach, Alabama Real Estate from $500,000 - $600,000 (Gulf Front condos only)

There are currently 218 Gulf Front condos in the Gulf Shores and Orange Beach, Alabama real estate market that are showing as active in this price range and have been on the market for an average of 207 Days.  There were 70 Gulf Front condos sold in the Gulf Shores and Orange Beach, Alabama real estate market in the previous 12 months in this price range and they were on the market an average of 323 days.  The average list price to sales price ratio for the Gulf Shores and Orange Beach, Alabama real estate market in this price point was 95%.

Gulf Shores and Orange Beach, Alabama Real Estate from $600,000 - $700,000 (Gulf Front condos only)

There are currently 142 Gulf Front condos in the Gulf Shores and Orange Beach, Alabama real estate market that are showing as active in this price range and have been on the market for an average of 227 Days.  There were 52 Gulf Front condos sold in the Gulf Shores and Orange Beach, Alabama real estate market in the previous 12 months in this price range and they were on the market an average of 242 days.  The average list price to sales price ratio for the Gulf Shores and Orange Beach, Alabama real estate market in this price point was 93%.

Gulf Shores and Orange Beach, Alabama Real Estate from $700,000 - $800,000 (Gulf Front condos only)

There are currently 69 Gulf Front condos in the Gulf Shores and Orange Beach, Alabama real estate market that are showing as active in this price range and have been on the market for an average of 206 Days.  There were 36 Gulf Front condos sold in the Gulf Shores and Orange Beach, Alabama real estate market in the previous 12 months in this price range and they were on the market an average of 435 days.  The average list price to sales price ratio for the Gulf Shores and Orange Beach, Alabama real estate market in this price point was 99%.

Gulf Shores and Orange Beach, Alabama Real Estate from $800,000 - $900,000 (Gulf Front condos only)

There are currently 49 Gulf Front condos in the Gulf Shores and Orange Beach, Alabama real estate market that are showing as active in this price range and have been on the market for an average of 206 Days.  There were 24 Gulf Front condos sold in the Gulf Shores and Orange Beach, Alabama real estate market in the previous 12 months in this price range and they were on the market an average of 277 days.  The average list price to sales price ratio for the Gulf Shores and Orange Beach, Alabama real estate market in this price point was 95%.

Gulf Shores and Orange Beach, Alabama Real Estate from $900,000 - $1,000,000 (Gulf Front condos only)

There are currently 23 Gulf Front condos in the Gulf Shores and Orange Beach, Alabama real estate market that are showing as active in this price range and have been on the market for an average of 276 Days.  There were 13 Gulf Front condos sold in the Gulf Shores and Orange Beach, Alabama real estate market in the previous 12 months in this price range and they were on the market an average of 101 days.  The average list price to sales price ratio for the Gulf Shores and Orange Beach, Alabama real estate market in this price point was 92%.

Gulf Shores and Orange Beach, Alabama Real Estate from $1,000,000 - $2,000,000 (Gulf Front condos only)

There are currently 82 Gulf Front condos in the Gulf Shores and Orange Beach, Alabama real estate market that are showing as active in this price range and have been on the market for an average of 321 Days.  There were 12 Gulf Front condos sold in the Gulf Shores and Orange Beach, Alabama real estate market in the previous 12 months in this price range and they were on the market an average of 308 days.  The average list price to sales price ratio for the Gulf Shores and Orange Beach, Alabama real estate market in this price point was 87%.

Gulf Shores and Orange Beach, Alabama Real Estate from $2,000,000+ (Gulf Front condos only)

There are currently Gulf Front condos in the Gulf Shores and Orange Beach, Alabama real estate market that are showing as active in this price range and have been on the market for an average of 233 Days.  There were 9 Gulf Front condos sold in the Gulf Shores and Orange Beach, Alabama real estate market in the previous 12 months in this price range and they were on the market an average of 191 days.  The average list price to sales price ratio for the Gulf Shores and Orange Beach, Alabama real estate market in this price point was 100%.

In closing....

The Gulf Shores and Orange Beach, Alabama real estate market currently has 792 more condos showing active than the total number of Gulf Front condos sold in the last 12 months!  Condos are sitting longer because condo buyers have many available options to choose from and financing is not as readily available. Lenders are tightening their guidelines and eliminating certain programs from their offerings altogether. 

Potential Gulf Shores and Orange Beach condo buyers, it's a great time to learn about buyer representation.  I invite you to visit my Gulf Shores and Orange Beach real estate web site: http://www.tinsleymyrick.com/  and discover the numerous benefits of having your very own agent that works for and negotiates only for you. 

Potential condo sellers, due to current market conditions in the Gulf Shores and Orange Beach, Alabama real estate market, now more than ever it is important to choose the right agent when putting your condo up for sale in the Gulf Shores and Orange Beach, Alabama real estate market.  I also encourage you to visit my Gulf Shores and Orange Beach real estate web site and take a good look at all the condos that are currently on the market and get a good feel for your competition.

All my best,
Tinsley Myrick
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Scott & Tinsley Myrick

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