February 2024 Gulf Coast AL Real Estate Market Snapshot
Candace Pfab March 15, 2024
Candace Pfab March 15, 2024
Local home sales continue to decrease as national mortgage rates do not see improvement. Baldwin REALTORS® Multiple Listing Service (MLS) reports a year-over-year decrease in Baldwin County’s Closed Sales for February 2024. Total sales volume for the county also decreased by 21.6% from $252,571,333 in February 2023 to $197,898,167 this past month.
The Resort area of Baldwin County (all of Orange Beach, Fort Morgan, and anything in Gulf Shores south of Canal Rd/180) saw a total of 113 properties sold, compared to 144 in February 2023 – a 21.5% decrease. Average sales price dipped by 14.3% at a resulting $656,195. And average DOM increased 12.3% in this area with 82 DOM in comparison to February 2023’s 73 DOM.
Pfabulous Real Estate is an investor friendly real estate based in Orange Beach AL specializing in vacation rental property sales.
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Orange Beach | Gulf Shores
Understanding How Proposed Changes in Real Estate Commissions May Affect You
Orange Beach | Gulf Shores
Gulf Shores & Orange Beach
Gulf Shores/Orange Beach
Gulf Shores/Orange Beach
Her innovative approach to assisting investors in analyzing vacation rental opportunities, as well as preparing her for post-sale maximization of rental income, makes her one of the most sought-after investor friendly real estate.