Home » World News » Here's what you can get for $900,000 in Gulf Shores, Alabama
Here's what you can get for $900,000 in Gulf Shores, Alabama
Housing market needs more sellers, not buyers: Real estate expert
Real estate expert Katrina Campins says while there’s an influx of buyers in the housing market, there isn’t enough inventory for them to choose from at the moment.
Gulf Shores, Alabama is a popular destination for tourists and it is known for its white-sand beaches.
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The coastal community sits on the Gulf of Mexico between Mississippi and the Florida panhandle.
For anyone in the market for a vacation home or looking to retire along the gulf, now may be a good time to buy.
The average sale price of a condo in coastal Baldwin County, Alabama – the county where Gulf Shores is located – was $407,917 last month, down from an average of $434,568 a year earlier, according to Baldwin Realtors. With prices down, condos were spending 18.2 percent fewer days on the market compared to this time in 2019.
The average sale price of coastal homes was also down, from $419,715 in May 2019 to $397,967 last month, according to Baldwin Realtors.
Meanwhile, there still seems to be strong interest in the community from tourists. Many local beach rental companies have already “fully recovered from the lag in business” during the coronavirus pandemic shutdown, according to the Realtors group.
Here’s a look at what you can get with a $900,000 budget in Gulf Shores, Alabama: