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Second Quarter Gulf Shore Boulevard 2019 Market Review
The Samuel Team at John R. Wood Properties is pleased to present the Gulf Shore Boulevard Q2 2019 Market Review.
Gulf Shore Boulevard sales for the second quarter of 2019 were up 12.8% compared to the same period last year from 89 to 97 sales. Bayfront sales accounted for the overall increase with a 54.6% gain over last year. Beachfront units, with 63 sales reported, fell just one sale short of the same period last year.
As of July 1st, at 7.04 months, overall months of supply was down 19.1% compared to the same date last year. Supply for beachfront units was down 15.5% from 8.96 to 7.56 months, while supply for bayfront units fell by 26.9% from 7.85 to 5.74 months.
The Increased buyer demand and drop in months of supply, particularly for bayfront units, are encouraging signs. We will continue to keep you abreast of market conditions in this important market segment.
Click below to view the full report:
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Rowan Samuel has lived many lives. Originally from Zimbabwe (Rhodesia), he and his family immigrated to the U.S. in 1980 to escape the brutal Mugabe regime - they lost everything when they came to Am....
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