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8 Month Foley Market Report

by kddoggett on October 20, 2015

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8 Month Foley Market Report

 

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Gulf Shores and Orange Beach are steadily becoming known places to visit. Month after month our beaches rank on top 10 lists. Best Beaches, Top places to visit before you die, Best Family Friendly vacation spot, etc.  With more people learning about our area, comes more people visiting, more people staying, and more people spending money in our community.  Condo Investment should be something to consider, as Gulf Shores and Orange Beach are growing and there is no stop to that in sight.

Here are some of the recent national mentions for our area. And we agree with every one of them!

Coastal Living: 21 Best Beaches: http://www.coastalliving.com/travel/21-best-beaches

USA Today: 10 Best Coastal Towns: http://www.10best.com/awards/travel/best-coastal-small-town/

Country Living: 20 Most Charming Beach Towns: http://www.countryliving.com/life/travel/g2372/20-charming-beach-towns-across-america/

You can find a complete list of Accolades and Honors for both 2014 and 2015 to date by clicking the respective links.

The graphics below detail out the currently active properties in the Gulf Shores, Orange Beach, Perdido Key, and Fort Morgan areas in the condo market.  They also indicate how many are active and under contract/pending in each price range as well as giving a snapshot comparison from the same month one year ago.

I look forward to your call to answer any questions that you may have about investing in our Alabama Gulf Coast Real Estate market!

 

June Condo Market Graphic I

You can find listings by price range by clicking the appropriate tabs at the top of this site.  Here are some quick links for easy navigation. If you see a property you are interested in, or would like an idea of its annual rental potential, please contact me. 251-747-2146

Condos for sale under $100k

Condos for sale $100-$150k

Condos for sale $200-$250k

Condos for sale $250-$300k

Condos for sale $30o-$400k

Condos for sale $400-$500k

Condos for sale $500-$700k

Condos for sale $700-$999k

Condos for sale $1 Million +

Here is a great article about Vacation Homes/Condo Sales according to a NAR (National Association of Realtors) Report: http://m.rismedia.com/article.php?permalink=%2F2015-04-01%2Fvacation-home-sales-soar-above-2006-peak%2F

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In 2011 I posted about the availability of Gulf Front  Condos along our Alabama Gulf Coast Beaches for sale- for UNDER $150,000.  This post is easily my most visited and thus an update is in order!  You can find that historical post here.  At that time there were 46 available condos for sale under the $150,000 price range that were true Gulf Front.  At that time our inventory was at an all time low and prices were also still very affordable.

So, 4 years later where does the condo real estate market in Gulf Shores, Orange Beach and Fort Morgan stand?  When I ran that same search today March 12th, 2015 there were 35 available Gulf Front condos for sale under $150,000. These condos range from studio units at $72,000 to 2 bedroom 2 bath condo units at $149,900.  The locations range from Fort Morgan (many at the Gulf Shores Plantation), Sugar Beach condos located in Orange Beach, and even small West Beach Complexes in Gulf Shores.

Of these available 35 condo units listed for sale in Gulf Shores, Orange Beach, and Fort Morgan for under $150,000, 20% of them are already under contract.  Many of these units could be rental machines and great investment properties!

If you would like to know an average annual rental return on any of these condos, please don’t hesitate to contact me! 2015 is the year to invest in our little piece of paradise along the beautiful Alabama Gulf Coast!

Search for yourself here!  (Not finding what you are looking for?? Call me!)

Need more reasons why Gulf Shores, Orange Beach and Fort Morgan are good investments? Follow my blog! You’re sure to find more than enough information to take that leap!

~Kristy

251.747.2146

 

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With better weather and spring steadily approaching, buyers are abound!  The Alabama Gulf Coast Condo Real Estate market saw a jump in total unit sales, average sales price and a drop in average days on the market.  With the number of units selling jumping by 25 or nearly 25%, the average sales price increasing by $25,000 from January, and the average days on the market decreasing by a whole month.  New listings to come onto the condo market in Gulf Shores, Orange Beach, Perdido Key and Fort Morgan also increased from 109 new listings on the market in January 2015 to 172 new listings on the market in February 2015.  Sellers are also gearing up!

Single Family Homes sales along the Alabama Gulf Coast were also up by 10 homes.  There was a large jump in the average sold price from January to February, which coincides with the 16 homes sold in the $600,000 and above range in comparison to last months 3 home sales in the same price range.  The average sales price raised from $285,372 to $397,404 this month.

The graphics below detail out the currently active properties in the Gulf Shores, Orange Beach, Perdido Key, and Fort Morgan areas in both the condo and single family categories.  They also indicate how many are active and under contract/pending in each price range.

I look forward to your call to answer any questions that you may have about investing in our Alabama Gulf Coast Real Estate market!

~Kristy Doggett

251.747.2146

Feb condo market graphic Feb SFR market graphic

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It’s a new year! New possibilities! New numbers to track!  The real estate market steadily improved on all fronts in 2014.  With the start of 2015 we are off to another great start!  There has never been a better time to invest in our ever growing Alabama Gulf Coast.  Condo and home prices are steadily back on the rise, foreclosures are down significantly from previous years (with very little to be found)!  Not to mention the tourists that are investing in our market in droves! Another record breaking travel and tourism year for our area means more dollars in your pocket when you purchase and rent your gulf coast condo!  (Watch for my upcoming post detailing our 2014 travel and tourism numbers!)

Below are the January 2015 sales numbers for both condos and single family homes in Gulf Shores, Orange Beach, Perdido Key and Fort Morgan. It also includes: Average sales prices, average days on the market, as well as the number of units that are actively for sale and under contract.

Follow my blog to keep an eye on the monthly numbers, and when you are ready to pull the trigger on your Alabama Real Estate investment property, I’ll be ready to find your perfect piece of paradise!

Call me!

Kristy Doggett 251.747.2146

Jan condo market graphic Jan market graphic sfr

 

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Both single family home and condo sales are up in the prestigious community of The Peninsula in Gulf Shores.  Watch the Re/max of Gulf Shores Broker Owner review the number of sales, average sales price, dollars per square foot and more in this detailed video.  Please give me a call if you are interested in learning more about this prestigious Tennis and Golf home and condo community in Gulf Shores, Alabama.  You can also visit my previous post about The Peninsula and all that it has to offer here.

Kristy Doggett 251.747.2146

 

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Watch as our Re/Max of Gulf Shores Broker/Owner gives a detailed report on the Single Family Housing market for Gulf Shores, Orange Beach, Fort Morgan and Perdido Key in 2014.  The review covers average and median prices, average days on the market (DOM), total homes sold, as well as comparisons in each of these categories relative to the previous year.

Re/Max of Gulf Shores represented more buyers and sellers in 2014 in Single Family Home sales and we will proudly strive to do it again in 2015.  Let me list your home as prices steadily climb further enhancing our healthy Alabama Gulf Coast real estate market!

Call me!

~Kristy

251.747.2146

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