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Gulf Shores Condo sales remain flat while Orange Beach Sales are up significantly!

 Orange Beach Condo Sales are up sharply compared to year ago figures, Gulf Shores Condo Sales appear slightly lower to flat compared to the same time period for 2008.  The Orange Beach stats indicate a 46% increase in units sold and a 45% increase in dollar volumes sold, while Gulf Shores Condos have seen virtually no change in number of units sold and a slight decline in dollar volume from the prior period.  Buyers of Gulf Shores Condos should pay attention to the activity in Orange Beach. More than likely the Gulf Shores market prices have adjusted to the point that buyers there too will get off of the fence and pull the activity upward out of the trough that it has been in.

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Market Comparison Report by Price
Dates: 01/01/2009 to 4/30/2009
  01/01/2008 to 4/30/2008
Property Types: Condo, Multi-Family
Areas: Gulf Shores-N ICW,Gulf Shores-S ICW,Fort Morgan

  Jan 1 – Apr 30, 2008 Jan 1 – Apr 30, 2009 Difference Percentage
Price Range Units Dollars Units Dollars Units Dollars Units Dollars
0 – 29999 0 0.00 0 0.00 0 0.00    
30000 – 39999 0 0.00 0 0.00 0 0.00    
40000 – 49999 0 0.00 0 0.00 0 0.00    
50000 – 59999 0 0.00 0 0.00 0 0.00    
60000 – 69999 0 0.00 1 63,500.00 1 63,500.00    
70000 – 79999 1 78,750.00 2 151,900.00 1 73,150.00 100.00 92.89
80000 – 89999 0 0.00 2 175,500.00 2 175,500.00    
90000 – 99999 2 192,000.00 1 90,000.00 -1 -102,000.00 -50.00 -53.13
100000 – 119999 4 429,000.00 12 1,339,264.00 8 910,264.00 200.00 212.18
120000 – 139999 16 2,116,495.00 12 1,522,650.00 -4 -593,845.00 -25.00 -28.06
140000 – 159999 17 2,560,200.00 8 1,179,600.00 -9 -1,380,600.00 -52.94 -53.93
160000 – 179999 10 1,687,551.00 7 1,189,500.00 -3 -498,051.00 -30.00 -29.51
180000 – 199999 11 2,078,550.00 6 1,123,000.00 -5 -955,550.00 -45.45 -45.97
200000 – 249999 9 2,037,500.00 27 6,015,367.00 18 3,977,867.00 200.00 195.23
250000 – 299999 15 3,969,000.00 16 4,368,997.00 1 399,997.00 6.67 10.08
300000 – 399999 19 6,703,500.00 18 5,845,400.00 -1 -858,100.00 -5.26 -12.80
400000 – 499999 9 3,834,810.00 6 2,591,000.00 -3 -1,243,810.00 -33.33 -32.43
500000 – 749999 9 5,122,120.00 3 1,680,000.00 -6 -3,442,120.00 -66.67 -67.20
750000 – 999999 2 1,726,250.00 0 0.00 -2 -1,726,250.00 -100.00 -100.00
1000000 – 1249999 0 0.00 1 1,200,000.00 1 1,200,000.00    
1250000 – 1499999 0 0.00 1 1,450,000.00 1 1,450,000.00    
1500000 – 1999999 0 0.00 0 0.00 0 0.00    
2000000 – 2999999 0 0.00 0 0.00 0 0.00    
3000000 – 99999999 0 0.00 0 0.00 0 0.00    
Totals: 124 32,535,726.00 123 29,985,678.00 -1 -2,550,048.00 -0.81 -7.84

 

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This entry was posted on Thursday, April 30th, 2009 at 1:17 pm and is filed under Gulf Shores, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 comments so far

 1 

Cal, we saw a similar pattern in townhome sales here in Augusta. The residential market was down 24% from 07-08, but townhome sales remained at a virtually equal pace. Funny how the trends match up across different locations – here it’s a matter of affordability – townhomes are cheaper, folks can’t qualify for what they used to, ergo the townhome sales remaining steady.

Joe’s last blog post..Perfect for Entertaining

May 2nd, 2009 at 6:28 am
 2 

Our condo market here in Branson is always greater than the residential. But we live in a major vacation destination so our trends can be distorted.

It’s nice to see that other markets are experiencing the same patterns.

May 8th, 2009 at 3:29 pm

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