Q1 Gulf Shore Boulevard Market Summary: First-quarter closed sales along Gulf Shore Boulevard were up compared to the same period last year. Bayfront sales were up 33%, while beachfront sales were up 20%. On a 12-month rolling basis, bayfront sales were up 19% while beachfront sales were down 5%. New listings were up across the board, with respective first-quarter and 12-month rolling increases of 29% and 102% for bayfront buildings, and 12% and 35% increases for beachfront buildings. Months of supply as of March 31 was 13.05 months for bayfront and 14.77 for beachfront. The Gulf Shore Boulevard market is highly specialized, and market conditions can vary greatly from building to building. For buyers and sellers alike, this is one of many reasons the skill and knowledge of a qualified Realtor® are an invaluable asset when buying or selling real estate.
We will continue to monitor and report on this important market to keep you abreast of the latest market conditions.
Q1 2024 Gulf Shore Blvd Market Report - flipbook
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