Just like the weather, the real estate market on the gulf coast in Alabama and Florida is hot! According to the Alabama Center for Real Estate, demand for new and existing homes and condos is up 40% over last year. And as demand increases so will prices. Now is the time to buy.
In June, 2017 sales rose 15% over the previous year and the selling price for condos and single-family homes rose 16.5% and 14.75% respectively over June last year. With inventory down 9% for the year, this area could soon become a seller’s market.
Interest rates are still historically low and condo and prices are still reasonable. So, if you have been considering purchasing a second home or investment property, this may be the right time to take the plunge in to Gulf Coast Real Estate.
The agents at Realty 1st have years of experience helping their clients to buy and sell real estate in the coastal Alabama / Florida market. Please call us today at 251-981-2266 and let us help you to find your new home at the beach.