Weekly Real Estate Update | Orange Beach | 10/31/16

For Sale:

• Median list price - $399,000
• Average price per square foot - $175
• Average days on the market - 164
• Percentage of homes with a price decrease - 17%
• Median House size - 2,400 square feet

Prices and inventory have remained relatively the same within the past few weeks, with inventory of homes on the market lightening slightly. The real estate market for Orange Beach still favors the buyer, giving them a slight edge when making an offer.

Jeff Nelson
Bellator Real Estate & Development
251-654-2523
jeff@livegulfshoreslocal.com