Real Estate Fort Morgan AL Sales Data

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The Beach Club Fort Morgan AL


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Fort Morgan is a residential area of Gulf Shores, comprised of top ranked golf course communities, waterfront residences, as well as gulf front condo devleopments, to include the only destination resort on the Alabama Gulf Coast, The Beach Club.  I am going to break down the sales data into two categories below, single-family homes and condos.

There have been a total of 38 single-family homes for sale in the Fort Morgan area yeat to date, compared to 40 homes sold in Fort Morgan in 2013.  As you might expect, prices have risen in this MLS area considerably, with the average sales price up from $340,164 and the average sold price per square foot up from $193.62. 

Quick Stats Fort Morgan Homes Sold Year to Date 2014

(38 listings)
  Low High Average Median Total
List Price $47,500 $1,980,000 $489,545 $384,500 $18,602,699
Selling Price $40,000 $1,650,000 $452,600 $360,000 $17,198,782
Sold/List(%) 77.04% 100.00% 93.63% 94.86% --
Price/SqFt ($) $36.36 $358.70 $207.89 $190.00 --
Days on Market 1 1803 357 250.5 --

Condos have been the top performer year to date in the Fort Morgan market, with 72 units sold, as opposed to 77 total units sold in 2013.  Prices are up considerably in the condo market as well, which is why we Realtors have been trying to create a sense of urgency with the customers in our datbase, who have elected to remain on the fence.  Have you waitied too long? Not necessarily, yet the longer you wait, the more your buying power decreases. Look at the increases in the averages sales price of 
$179,620 in 2013 and also in the sold price per square foot at $170.58, a mere year ago.

Quick Stats Fort Morgan Condso For Sale Year to Date 2014

(72 listings)
  Low High Average Median Total
List Price $79,500 $749,900 $230,433 $179,900 $16,591,200
Selling Price $70,750 $700,000 $220,080 $168,750 $15,845,725
Sold/List(%) 86.74% 100.00% 95.28% 95.80% --
Price/SqFt ($) $90.81 $348.66 $207.60 $201.50 --
Days on Market 1 1122 199 124 --

For more information on Fort Morgan Realty data or to schedule a private tour of real estate for sale, contact the sales office for the Jason Will Real Estate Team at 251-866-6464.
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Jason Will Real Estate Team Keller Williams Realty Gulf Coast

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