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TABLE OF CONTENTS
Charts and Commentary ………………………………………………..
Pages 1-2
Market Summary Table ………………………………………………..
Page 3
Glossary
………………………………………………………………...
Page 4
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2017
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Sunday, September 3
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AL GULF COAST CONDOS
REAL ESTATE MARKET REPORT
Cal Carter-GulfShoresLife.com Team
Keller Williams Alabama Gulf Coast
22502 Highway 98
Fairhope, AL 36532
www.GulfShoresLife.com
info@gulfshoreslife.com
251-923-2322
251-923-2321
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Real Market Reports
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AL GULF COAST CONDOS
REAL ESTATE MARKET REPORT
at the real estate market. Currently
there are 190 sales pending in the
market overall, leaving 576 listings still
for sale. The resulting pending ratio is
24.8% (190 divided by 766). So you
might be asking yourself, that's great...
but what exactly does it mean? I'm
glad you asked!
The pending ratio indicates the supply
& demand of the market. Specifically,
a high ratio means that listings are in
demand and quickly going to contract.
Alternatively, a low ratio means there
are not enough qualified buyers for the
existing supply.
"Current inventory is described 
as mildly active."
Taking a closer look, we notice that
the $100K - $200K price range has a
relatively large number of contracts
pending sale.  
We also notice that the $300K - $400K
price range has a relatively
large
inventory of properties for sale at 118
listings. The median list price (or
asking price) for all properties in this
market is $399,450.
A total of 945 contracts have closed in
the last 6 months with a median sold
price of $320,000. Breaking it down,
we notice that the $100K - $200K price 
range contains the highest number of
sold listings.  
Alternatively, a total of 215 listings
have failed to sell in that same period
of time. Listings may fail to sell for
many reasons such as being priced
too high, having been inadequately
marketed, the property was in poor
condition, or perhaps the owner had
second thoughts about selling at this
particular time. The $300K - $400K
price range has the highest number of
off-market listings at 46 properties. 
0
20
40
60
80
100
120
140
$0K$100K$200K$300K$400K$500K$600K$700K$800K$900K$1.0M$1.1M$1.2M$1.3M$1.4MProperties For Sale
Contracts Pending
0
50
100
150
200
250
$0K$100K$200K$300K$400K$500K$600K$700K$800K$900K$1.0M$1.1M$1.2M$1.3M$1.4MSold
Off-Market
AL Gulf Coast Condos
Number of Listings For Sale vs. Pending Contract
AL Gulf Coast Condos
   Num Sold vs. Off-Market (Last 6 mos.)
Let's take a look
1
Real Market Reports
www.RealMarketReports.com
Updated 9/3/2017, RealMarketReports.com
Copyright © Cal Carter-GulfShoresLife.com Team
Updated 9/3/2017, RealMarketReports.com
Copyright © Cal Carter-GulfShoresLife.com Team
Sunday, September 3, 2017
Market Dashboard
info@gulfshoreslife.com
Cal Carter-GulfShoresLife.com Team
Keller Williams Alabama Gulf Coast
251-923-2322
AL GULF COAST CONDOS
REAL ESTATE MARKET REPORT
Looking at the chart to the right, you
might be wondering why average days
on market (DOM) is important. This is
a useful measurement because it can
help us to determine whether we are
in a buyer's market (indicated by high
DOM), or a seller's market (indicated
by
low DOM).
Active
listings
(properties for sale) have been on the
market for a median time of 91 days.  
Analysis of sold properties for the last
six months reveals a median sold
price of $320,000 and 92 days on
market. Notice that properties in the
$1.1M - $1.2M price range have sold
quickest over the last six months.  
The recent history of sales can be
seen in the two charts below. The
median sold price for the last 30 days
was $379,750 with a DOM of 104
days.
Since the recent DOM is greater than
the median DOM for the last 6 months,
it is a negative indicator for demand. It
is always important to realize that real
estate markets can fluctuate due to
many factors, including shifting interest 
rates,
the economy, or seasonal
changes.  
Ratios are simple ways to express the
difference between two values such as
list price and sold price. In our case,
we typically use the list-to-sale ratio to
determine the percentage of the final
list price that the buyer ultimately paid.
It is a very common method to help
buyers decide how much to offer on a
property.
"The median list-to-sales ratio
for this area is 97.7%."
Analysis
of
the
absorption
rate
indicates an inventory of 3.7 months
based on the last 6 months of sales.
This estimate
is
often used
to
determine how long it would take to
sell
off
the current
inventory of
properties if all conditions remained
the same. It is significant to mention
that this estimate does not take into
consideration any additional properties
that will come onto the market in the
future.
0
50
100
150
200
250
300
350
400
$0K$100K$200K$300K$400K$500K$600K$700K$800K$900K$1.0M$1.1M$1.2M$1.3M$1.4MSold
For Sale
$0K
$50K
$100K
$150K
$200K
$250K
$300K
$350K
$400K
Apr
May
Jun
Jul
Aug
Sep
0
20
40
60
80
100
120
140
Apr
May
Jun
Jul
Aug
Sep
AL Gulf Coast Condos
  Median Days on Market (DOM)
AL Gulf Coast Condos
   Median Days on Market (Sold)
AL Gulf Coast Condos
 Median Sold Prices
2
Real Market Reports
www.RealMarketReports.com
Updated 9/3/2017, RealMarketReports.com
Copyright © Cal Carter-GulfShoresLife.com Team
Copyright © Cal Carter-GulfShoresLife.com Team
Updated 9/3/2017, RealMarketReports.com
Copyright © Cal Carter-GulfShoresLife.com Team
Updated 9/3/2017, RealMarketReports.com
Sunday, September 3, 2017
Market Dashboard
info@gulfshoreslife.com
Cal Carter-GulfShoresLife.com Team
Keller Williams Alabama Gulf Coast
251-923-2322
AL GULF COAST CONDOS
REAL ESTATE MARKET REPORT
A
M
A
A
M
M
A
A
M
M
A
A
M
M
A
A
M
M
A
A
M
M
A
A
M
M
A
A
M
M
A
A
M
M
A
A
M
M
A
A
M
M
A
A
M
M
A
M
A
M
A
A
M
M
Date Range (Off-Market & Sold) = 03/05/2017 to 09/03/2017
Data believed to be accurate but not guaranteed.
  3.7
81
27
12%
5
$500,000
$599,999
61
$600,000
$699,999
28
755,805
$ 
$700,000
$799,999
57
196
8
135
15
765,659
$ 
441
552,247
$ 
547,000
$ 
348
644,000
$ 
452,197
$ 
97%
97%
655,884
$ 
97%
98%
142
247
116
454,000
$ 
29
97%
365,000
$ 
120
465,597
$ 
77
469,000
$ 
451,000
$ 
96%
250,000
$ 
244,500
$ 
146
360,334
$ 
347,959
$ 
45
177,000
$ 
79
192
120
63
257,750
$ 
40
230
256,859
$ 
97%
164,900
$ 
159,900
$ 
97%
131
160,882
$ 
155,350
$ 
75,036
$ 
73,429
$ 
98%
87,250
$ 
87,500
$ 
14
88
44
2
N/A
3
      MARKET SUMMARY TABLE
190 PENDING 
[2]
$0
$99,999
0
Pend 
Ratio
Num
#
Num
#
Num
#
945 SOLD/CLOSED (last 6 months) 
[4]
Days 
on 
Market
Original 
List 
Price
Final 
List 
Price
Sold/
Closed 
Price
215 OFF-MARKET (last 6 mos) 
[3]
ABSORPTION RATE
(months of inventory)
Days 
on 
Market
Current 
List 
Price
A = Average Value
M = Median Value
N/A = Not Available
576 ACTIVE 
[1]
List-
Sale 
Ratio
Est.
Mos.
Low
High
Price Range
Num
#
100%
$100,000
$199,999
61
96
165,926
$ 
42
41%
$200,000
$299,999
114
93
34
23%
37
98%
71
256,121
$ 
247,044
$ 
96%
349,900
$ 
$300,000
$399,999
118
100
64
$400,000
$499,999
85
161
172
350,000
$ 
96%
458,412
$ 
32
27%
352,363
$ 
25
17%
46
70
211
174
535,693
$ 
101
27%
530,000
$ 
233
660,954
$ 
20
547,284
$ 
23
95
549,000
$ 
135
669,500
$ 
635,000
$ 
99%
42%
644,084
$ 
738,618
$ 
96%
203
755,000
$ 
115
765,000
$ 
733,000
$ 
96%
17
$800,000
$899,999
9
142
234
846,600
$ 
851,656
$ 
2
18%
4
832,100
$ 
98%
74
850,000
$ 
102
829,000
$ 
825,500
$ 
100%
5
$900,000
$999,999
8
231
266
996,810
$ 
950,225
$ 
1
11%
2
972,125
$ 
98%
128
949,500
$ 
214
999,125
$ 
969,500
$ 
97%
4
$1,000,000
$1,099,999
5
199
195
1,100,818
$ 
1,077,980
$ 
0
2
1,052,727
$ 
96%
149
1,085,000
$ 
82
1,090,000
$ 
1,050,000
$ 
96%
11
$1,100,000
$1,199,999
9
241
50
1,181,667
$ 
1,156,444
$ 
1
10%
1
1,118,333
$ 
95%
132
1,150,000
$ 
16
1,190,000
$ 
1,100,000
$ 
92%
3
$1,200,000
$1,299,999
3
139
1,215,000
$ 
0
2
144
1,200,000
$ 
0
$1,300,000
$1,399,999
6
253
1,333,167
$ 
0
0
168
1,325,000
$ 
0
$1,400,000
+
12
399
156
2,190,125
$ 
0
2
1,947,500
$ 
1,842,500
$ 
94%
4
351
159
1,852,500
$ 
95%
1,948,750
$ 
183
372,265
$ 
1,950,000
$ 
215
945
Market Averages         
144
492,898
$ 
Market Totals         
576
190
25%
360,711
$ 
97%
Market Medians         
91
399,450
$ 
92
327,500
$ 
Status = [1] A; [2] P, U; [3] W, X, D, T; [4] C
City = Gulf Shores, Orange Beach
Property Type = N
  
  
  
  
320,000
$ 
98%
  N/A
  1.6
  3.6
  4.1
  3.6
  5.2
  2.1
  20.1
  18
  10.8
  12
  2.7
  18
3
Real Market Reports
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Sunday, September 3, 2017
Market Summary Table
info@gulfshoreslife.com
Cal Carter-GulfShoresLife.com Team
Keller Williams Alabama Gulf Coast
251-923-2322
    Favors Sellers                                    Favors Buyers
AL GULF COAST CONDOS
REAL ESTATE MARKET REPORT
1. PROPERTIES FOR SALE (ACTIVE)
a. Number Active: The number of listings for sale which are currently being marketed but do not yet have a purchase
agreement.
b. Days on Market (DOM): The marketing period of currently active listings. This does not account for some listings
which have had a previous listing period, but were re-entered as a new listing.
c. Current List Price: The price that a property seller is currently asking.  
2. CONTRACTS PENDING 
a. Number Pending: The number of current listings for which a contract has been signed but has not yet closed.
b. Pending Ratio: Sometimes called a “list-to-pending ratio”.  This is a measure of how fast properties are going under
contract vs. how fast they are being listed.
Pending Ratio =      P (Number of Pending Listings)   
A+P (Number of Active + Pending)
(P) represents properties that buyers have chosen 
(A+P) represents the entire pool from which they have chosen
3. OFF-MARKET
a. Number Off-Market: The number of listing agreements that have failed to close in the last 6 months.  Some
owners may choose to re-offer their property for sale.
4. PROPERTIES SOLD (CLOSED CONTRACT)
a. Number Sold: The number of properties that have gone to a closing in the last 6 months.
b. Days on Market (DOM): The marketing time it has taken properties to sell in the last 6 months.
c. Original List Price: The price at which a sold property was originally marketed.
d. Final List Price: The price at which a sold property was marketed just prior to selling.
e. Sold/Closed Price: The price for which a property sold.
f. List to Sales Ratio: The percentage of the list price that the buyer ultimately paid for the property.  
List to Sales Ratio =       Sold Price    
 Final List Price
5. ABSORPTION RATE / MONTHS OF INVENTORY
a. Absorption Rate / Months of Inventory: An estimate of how fast listings are currently selling measured in months.  
For example, if 100 properties sell per month and there are 800 properties for sale - there is an 8 month supply of 
inventory before counting the additional properties that will come on the market.
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Sunday, September 3, 2017
Glossary
info@gulfshoreslife.com
Cal Carter-GulfShoresLife.com Team
Keller Williams Alabama Gulf Coast
251-923-2322