Gulf Shores Condos and Orange Beach Condos have been seeing a little more activity as we move into the spring break season.

There has definitely been a large increase in buyer interest as prices have adjusted down considerably and interest rates remain quite low.  Website statistics indicate large increases in registrations and return visitors indicating further buyer interest than what the February 2009 Condo Market Statistics indicate.

We have also observed what appears to be a readiness to move off of the fence and make offers. We have multiple agents with multiple buyers scheduling showings over the next several days. Perhaps we are seeing a bottoming of the market.

Des Gatti has provided the following synopsis of the February stats:

FEBRUARY CONDO SALES DATA for Gulf Shores and Orange Beach Alabama

GULF SHORES ALABAMA CONDOS

21…….Total MLS CLOSED UNITS
19…….300,000 and under
  2…….300 - 400,000
ALSO
61…….San Carlos Auction sales……21,000,000
 
41…….Total MLS units UNDER CONTRACT (non- auction)
37…….325,000 and under
 4……..325,000 and over
 

ORANGE BEACH ALABAMA CONDOS

25…….Total MLS CLOSED UNITS
10…….300,000 and under
  8…….300 - 400,000
  4…….400 - 500,000
  1…….500,000
  1…….625,000
  1…….800,000 
 
30…….Total MLS units UNDER CONTRACT
24…….500,000 and under
 6……..500,000 and over

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