Sales along the Alabama Gulf Coast continue to rise and with the third quarter sales reports out, we are seeing good news for sellers and investors. This includes: Fort Morgan, Gulf Shores, Orange
Single Family Home Sales Continue To Rise In The Foley Market
In yet another sign that the South Baldwin County real estate market continues to pick up steam, the city of Foley's single-family housing market saw continued growth through September of 2015.
That market includes homes in Foley, Summerdale, Silverhill, Robertsdale, Elberta, Bon Secour, Magnolia Springs and Lillian.
Through the first nine months of 2015, the results are as follows:
Sales: 842 homes were sold during the first nine months of the year, up from 713 during the same period last year. An increase of 18 percent.
Average Medium Sales Price: The average medium sale price of homes rose from $150,515 in 2014 to $164,362 so far in 2015. A nine percent increase.
Medium Price: The medium price also rose year-over-year from $136,800 in 2014 to $146,950 this year. An increase of seven percent.
Average price per square foot: The average per-square-foot sale price rose ten percent from $80 in 2014 to $88 in 2015.
Under Contract: By the end of September, 125 homes were under contract, up just a bit from 124 in 2014.
Click below to view current single family home listings in the Foley market. Don't wait too long as many homes are moving quickly!