Gulf Shores Condo and Orange Beach Condo Sales - January through May,2009
Condo Sales Update
Gulf Shores Condos …. Jan 1 - May 31
158….total sales
107….300,000 and under
39…..300 - 400,000
12…..400 – 600,000
1…..600,000+
Orange Beach Condos … Jan 1 – May 31
142….total sales
40…..300,000 and under
34…..300 - 400,000
43…..400 - 600,000
23…..600,000+-
Also
75….Auction units sold
25….Developer units sold
Presently Under Contract
128…
400,000 and under
Price increases in some developments.
Significantly reduced inventory.
Lowest priced units sell quick.
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{ 2 comments… read them below or add one }
Sounds like there is strong demand for units that seller’s price appropriately. It’s good to see buyer’s coming back into the market. I think this trend will continue if/when condo financing guidelines are relaxed somewhat.
Having properties appropriately priced will bring buyers. It is easy to watch for values to pop up and when they do, they don’t stick around long.