Posts from November 2022
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23
October 2022 Alabama Gulf Coast real estate stats
Alabama's Gulf Coast contains several real estate markets depending on location and price point – just to name a few factors. The graphic below shows real estate statistics for October 2022, the latest month available.
Vital Signs provides a visual representation of what's happening in several local markets by showing you supply. The colored-coded numbers represent the absorption rate, the number of months it would take to sell every home on the market in a particular price range if no others were added. If the market is moving quickly, the absorption rate will fall below six months of supply, and if it's more of a buyer's market, it will jump above six months of su...
21
What you need to know about the Gulf Coast real estate market
Sometimes no amount of planning would have improved a situation. We've all been there. Life happens, and sometimes you must roll with the punches. But buying or selling a home shouldn't ever feel like one of those times. While the circumstances surrounding why you need to buy or sell a property may be out of your control, with the help of a REALTOR®, you have the ability to make a plan with expert advice and experience on your side.
The job of a REALTOR®, a member of the National Association of REALTORS® who is held to a Code of Ethics and Standards of Practice, centers on providing you with the information needed to make decisions for your unique situation. Your best bet when considering anything real estate related is to reach out. Even if you're n...
8
Baldwin County October 2022 developments report
New construction is booming in order to meet the demands of the more than 230,000 residents that now call Baldwin County home. Each month Baldwin REALTORS® creates a report from local government meetings to highlight what new developments are in the works in Baldwin County. Below is a brief list of the plans addressed in October 2022.
Fairhope
- The Fairhope Planning Commission gave approval for a new 3-story, 24,000 square foot office building at 314 Magnolia Avenue. The plans gained approval with the condition that the courtyard enclosure does not exceed 42" on the north side.
- While no specific plans were disclosed fro...
