Properties For Sale Stats:
Daphne
- Median list price – $269,000
- Average price per square foot – $116
- Average days on the market – 124
- Percentage of homes with a price decrease – 31%
- Median House size – 2,444 square feet
Although inventory is lightening some, we haven't seen much increase in pricing. Market trends do show that Daphne is in a seller's market and if the trend continues we are likely to see an upward pressure on home prices.
Gulf Shores
- Median list price – $424,900
- Average price per square foot – $186
- Average days on the market – 148
- Percentage of homes with a price decrease – 26%
- Median House size – 2,250 square feet
Home sales and inventory are up in Gulf Shores so until sales start to overtake inventory we will remain in a buyer's market.
Orange Beach
- Median list price – $399,000
- Average price per square foot – $216
- Average days on the market – 92
- Percentage of homes with a price decrease – 35%
- Median House size – 2,149 square feet
Inventory in Orange Beach has been growing and exceeding home sales which puts the city in a buyer's market. If the trend continues, we will see a downward pressure in pricing for single family homes.
Please contact me if you are in the market to purchase or sell a home in Baldwin County. I’d love to work with you.
Jeff Nelson
IXL Real Estate – Eastern Shore
251-654-2523
jeff@livegulfshoreslocal.com
