Fairhope, AL -- (SBWIRE) -- 05/04/2015 -- According to the latest report brought on by the Junonia Beach Resort, a leading condominium project in Orange beach states that Baldwin Region condominium sales, including condominiums across the Gulf Coastline, totaled 150 units this March 2015. However, the Condo sales increase by 38.9 percent in the same period annually earlier. Year-to date condo sales through March are 10.8% above 2014.
The March condominium sales were 36 units above the ACRE's monthly forecast. Whereas the ACRE's year-to-date condo sales forecast through March estimated 284 closed dealings, but the actual sales were 359 units that exhibits a good cumulative difference of 26.4 percent.
The report also shows that the Orange beach and Gulf shores condominium stock equaled 1,001 units, a loss of 6.4% from March 2014. The stock elevated by 2 units or 0.2% in the past month. This direction is in line with past data showing that March stock on average (2010-2014) increases in the month of Feb by 0.6%. Condominium stock throughout the month of March peaked at 3,210 units in 2007. The stock is now down 68.8% from the peak. In March, the months of condominium supply stand at 6.7 months, a loss of 32.6 percentage from 9.9 months last March along with a cry from March 2006 when it had been 60.9 months of supply.
Whereas the demand of Condominium sales improved 24.0% from last month. This trend is in line with seasonal purchasing patterns and past data trends which reflect March condominium sales, on average (2010-2014), boost in the month of February by 26.6 percent.
This report provided by Junonia Beach Resort is a work product produced in conjunction with the Orange beach REALTORS to better serve both global and local clients interested in the exotic white beaches along Alabama's cherished Gulf coastline. The ACRE's monthly report is supplied to demonstrate the "common" market trends & direction when comparing past times with the recently available condominium data.
About Junonia Beach Resort
The Junonia Beach Resort is one of the leading real estate company based in Fairhope, Alabama. The Junonia Beach Resort provides exclusive luxury condos furnished with quality fittings and best amenities to enable its clientele to enjoy an unobstructed Gulf view from the comfort of their homes.
For more information and other media related inquiries, please contact:
Metropolitan Statistical Area: Fairhope
State: Alabama
Country: USA
Contact Name: Green Circle Agency
Contact Email: howdy@greencircleagency.com
Complete Address: P.O. Box 1085 Fairhope, AL
Zip Code: 36533
Contact Phone: 800-773-6503
Website: http://www.junoniabeachresort.com