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Both traditional and resort/island properties experienced increases in Average Sales Price up 6.3% and 8.2% respectively. Real estate continues to be an excellent way to invest in your future and get a great return on investment.
In Baldwin County’s Traditional Residential area, average sales price experienced a 6.3% increase from July 2023 at $413,712. Properties stayed on the market longer with an average of 63 days. It is important to note the number of closed sales has increased 10% compared to July 2023...could that be due to a pent-up demand of buyers waiting for those lower interest rates just moving forward regardless? Good question!
In the Resort area of Baldwin County (all of Orange Beach, Fort Morgan, and anything in Gulf Shores south of Canal Rd/180), average sales price saw an 8.2% increase from July 2023, resulting in an average of $759,693. Listings spent LESS time on the market at an average of 87 days. A decrease was reported in Total Closed Sales as 127 properties sold in July 2024.
The real estate market is constantly shifting, and staying informed is hard. If you are interested in the Baldwin County market, let's set up a time to sit down and further discuss the stats. I keep regular hours at my office in Orange Beach and would happily chat in person or on the phone.
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