Market Report for Gulf Shores, May 16th

Market Update for Gulf Shores, Alabama for the week ended May 16, 2019.
● It’s been a busy week in Gulf Shores, and with business, comes buyers! Putting 40 properties under contract just this week!
● New Listings: 8 new listings for single family homes with a list price low of a $157,500 to a high of $692,500, 14 new listings for condos with a low of a $139,900 to a high of $595,000, with 0 new lots.
● Closed: 7 single family homes with a sale price low of a $150,000 to a high of $695,000, and 14 condos with a sale price low of a $127,500 to a high of $740,000.
● Under Contract: 16 single family homes with a list price low of a $92,000 to a high of $1,439,000. 14 condos with a low of a $139,000 to a high of $414,900.
● Price Change: 13 single family homes had a price adjustment and now range in asking price from $225,000 to a high of $1,950,000, and 13 condos with a low of a $158,000 to a high of $422,500.