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20
May 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 May 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 supply.
13
Baldwin County May 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 May 2022.
Fairhope
- The Fairhope City Council gave final approval for the site plan and multiple occupancy project planned for 412 Fairhope Avenue. A new 2-story building is planned with retail space on the ground floor and two residential units on the top floor.
- The Fairhope Planning Commission voted to recommend a denial for the 136-unit townhome apartment...
27
Coastal Alabama June 2022 events calendar
School is out, and summer is upon us. Alabama's Gulf Coast has plenty to keep you and the kids busy this summer season.
Mobile Area
Viking Mead Tasting & Exhibit Tour
June 2, 5:30 – 7:30 p.m.
History Museum of Mobile
Living History Crew Drill
June 4
USS Alabama Battleship Memorial Park
23
Answers to 3 common questions about the Gulf Coast's historic sellers' market
Have you read an article about real estate lately? Hopefully, the answer is yes because you've been reading this blog. Even if that isn't the case, you probably have seen real estate making headlines. Why? The market is hot.
A culmination of record-low interest rates and delayed sales due to COVID-19 created a strong demand for homes. As the laws of supply and demand dictate, an increase in demand for homes to purchase without an immediate increase in supply caused home prices to increase.
In Baldwin County, the average sales price has risen by more than $110,000 from January 2019 to December 2021. Same is true in Mobile County. The average sales price has also risen by more than $68,000 from...
16
April 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 April 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 supply....
