Data for real estate value declines in 2008

Asked by Larry, Gulf Shores, AL Sun Jan 11, 2009

I would like specific data to show the % of decline in real estate values for single family homes in the Gulf Shores area west of city [Plash Island, Bon Secour River area, Oyster Bay areas. [Oct 2007 to Oct 2008]
Will use the information to appeal property tax increases for 2008 which increased 10-20% in valuation when the actual valuation was declining anywhere from 10-50% in actual sales prices VS the listing price.

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Richard, , fish river
Sun Feb 15, 2009
The University of South Alabama MITCHELL college of Business Center for Real Estate Studies have
the data your looking for. It breaks it down to property values and % by zones including Bon Secour but
you will need to use 2006 to 2007 not 2008. The web site is
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