REAL ESTATE MARKET UPDATE:

GULF SHORES – ORANGE BEACH

JANUARY 2021

Despite the effects of Covid on the economy and our ability to travel as we like to,  the Alabama coastal real estate market continues to be on fire!  A fact that can be attributed to many elements:  record low mortgage rates,  continued investment in both Orange Beach and Gulf Shores as well as surrounding areas,  being in one the fastest growing counties in the country, and still affordable beach living and investment.    

 

Every month I will bring you my breakdown of the real estate market in Gulf Shores and Orange Beach.  We’ll look at key metrics and follow the trends.  If you are looking for a family home, a second home on the beach and an investment opportunity,  I’m here to help you zero in on the perfect property. Sellers, this is your time.  Let’s take a deep look at your specific property and get a good picture of how you’re positioned to benefit in this market. 

      

 

HIGHLIGHTS:

  • Gulf Shores Condo Days on the Market for sold units is half what it was in January of 2020
  • Gulf Shores condo sales price and $ Sq/ft appear to have slipped a little on paper. A deeper look shows this decline is due to a higher percent of the condos being sold being off island condos.   Beach area condo prices are still climbing. 
  • Inventories in all areas remain low, 2-3 months. 
  • Orange Beach condo price sq/ft continue their upward trend,  + 15% YOY, and 8% MOM