Gulf Shore Boulevard sales for the second quarter of 2019 are up. Reports show an increase of 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.
Click on the link below to view the Second Quarter 2019 Market Review for Gulf Shore Boulevard.
Supply & Demand
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. 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. I will continue to keep you abreast of market conditions in this important market segment.