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Gulf Coast condo sales solid in May

Converse Shoes Yellow Womens

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View full sizeBaldwin County condo sales slip 5.3% in May compared to last year. YTD sales remain up 5.5%. Condo Inventory has now declined by 40% from its May 2009 peak. Infograph courtesy of ACRE.Baldwin County condo sales, which include condos along the Gulf Coast, totaled 142 units in May, a slip in sales growth of 5.3 percent from last May (the best May since we began collecting data in 2005). Year to date condo sales remain 5.5 percent above the same period in 2013.Supply: Baldwin County condo inventory totaled 1,108 units, an increase of 18.0 percent from May 2013. This is the first increase in inventory in May in the last five years. Sellers are more confident in market due to improvement in pricing translation, expect more listings to select from in the future. In addition, the inventory increased by 11 units or 1.0 percent from the prior month. Historical data indicates that May Converse Dainty Black Glitter

Converse Shoes Yellow Womens

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supply.Demand: Consistent with seasonal buying patterns, condo sales improved 8.4 percent from the prior month. This direction is consistent with historical data trends that reflect May condo sales, on average (2009 2013), increase from the month of April by 1.7 percent. Condo sales in May were 69 units shy of our .Pricing: The Baldwin County condo median sales price in May was $242,500, an increase of 2.3 percent from last May. The median sales price was 19.2 percent lower than the prior month. This direction while much wider is consistent with historical data trends (2009 2013) that reflect that the May median condo sales price typically increase from the month of April by 1.6 percent. The median condo price is 48.5 percent above the month of May bottom of $163,250 established in 2011.As the condo market transitions into 2014, continued gradual growth in the rate of sales and pricing is anticipated. An improving market will also attract more condo owners to consider entering the market with additional supply. Some will sell and buy at a higher price point. Statistical volatility should also still be expected.View the current monthly Baldwin County (Gulf Coast) Condo Report here compliments of the ACRE Corporate Cabinet.2013 Gulf Coast Condo Market Recap Sales Up 15%Baldwin County Condo Monthly Report is work product developed in conjunction with the to better serve both local and worldwide consumers interested in the sandy white beaches along Alabama's treasured gulf coast. The ACRE monthly report is provided to illustrate the "general" market direction trends when comparing prior periods with the most current available condo data. Real estate is local and White Leather Converse High Tops Ladies

inventory on average (2009 2013) decreases from the month of April by .2%. Condo inventory during the month of May peaked in 2006 at 3,488 units. The inventory is now down 40.3% from the peak. In May, the months of condo supply stood at 7.8 months, an increase of 24.6 percent from 6.3 months last May but a far cry from May 2006, when it was 68.4 months of Converse Tennis Shoes For Women

statistics will fluctuate between areas along the gulf coast including specific Converse Shoes Yellow Womens condo properties. ACRE recommends that you consult a local real estate professional for "specific" advice associated with the condo market in Baldwin County.The Alabama Center for Real Estate's core purpose is to advance the real estate industry in Alabama by providing relevant resources in the areas of research, education and outreach.ACRE was founded by legislative act in 1996 due to the efforts of the Alabama Real Estate Commission, the Alabama Association of REALTORS and the Office of the Dean, UA Culverhouse College of Commerce to serve the State of Alabama real estate industry and the consumers it serves. ACRE is not a state funded entity, rather its operates in part because of the goodwill generosity of Alabama real estate licensees, the ACRE Corporate Cabinet and our statewide .

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