GULF COAST REAL ESTATE

Andhurst Walk {New Gulf Shores Subdivision}

kddoggett — Wed, 12 Jun 2013 21:26:51 +0000

Pictured Below: The Jamison | Andhurst Walk Model Home

With an overall uptick in the Alabama Gulf Coast Real Estate market, an increase in new home development has also followed suit. With sales up and increasing demand, this demand also carries over into the necessity for new homes. Located down County Road six in Gulf Shores, Alabama a new little development has started to surface.

Andhurst Walk is perfectly located in Gulf Shores, only a short distance to the main thoroughfare – Hwy 59- easily connecting this home development to any necessity or community amenity one could want. Situated in Gulf Shores school district, this development is near everything! Shopping, restaurants, and beaches only minutes away in addition to The Gulf Shores Sports complex only a short walk.

View Larger Map

Currently there are 6 home sites available for immediate sale. Prices on these specs start at $188k for a 3/2, 1700 square foot home and go up to $246k for the almost 2600 square foot “Davenport” model, consisting of 4 beds and 2.5 baths.

HOA dues for this community are low- only approximately 300 per year! Insurance is estimated at 1.25 per square foot (but check with your insurance agent for a firmer quote!)

The following floorplans and base prices are available to be built in DR Horton Homes/ Andhurst Walk Community:

The Annabeth: 3 beds 2 baths, 1706 square feet: $171,900

The Bonaventure: 3 beds 2 baths, 1808 square feet: $178-182,900

The Preston: 3 beds 2 baths, 2063-2093 square feet: $194,900-$195,900

The Glenhurst: 3/4 beds 2 baths, 2173-2208 square feet: $200,900-$201,900

The Jamison: 4/5 beds 2.5 baths, 2322 square feet: $220,900-$221-900

The Davenport: 3/4 beds 2.5 baths, 2323 square feet: $211,900-215,900

If you chose to forego one of the homes that have already been built and make all selections from the ground up; homes yet to be built have an approximate 6 month build time.

Some potential add on’s include:

Bonus Room: $13,000
Sunroom: $3250-3750
covered porch: $5,000

Below are the Floorplans for the Andhurst Walk Homes. Please contact me if interested in more information!

~Kristy

251-747-2146

Andhurst Walk Floorplans

The Wharf {Orange Beach Alabama} 100 Days of Summer | Light show & Carnival | Family Fun

kddoggett — Wed, 12 Jun 2013 19:08:58 +0000

The Wharf shopping center and amphitheater in Orange Beach Alabama has amped up their family fun this summer by introducing, “100 Days of Summer.” A Spectra production which boasts of two nightly light and music shows in addition to an extremely family oriented carnival for the kiddos.

The Wharf’s notable skyscraper-like palms are now even more noticeable. Even a 747 flying overhead will notice this spectacular nightly view. Thousands of dancing lights line the trees changing colors throughout the night giving the Wharf a fantastic ambiance. But watch out- at 8:30 and 10:00 nightly the Wharf is electrified with its choreographed light show. The shows are free so there is no reason not to stop and check it out!

In addition to the light show a carnival complete with games and rides for all ages** can be found at the entrance of the Wharf near the South parking area. All games are setup in a “you can’t lose” fashion guaranteeing a prize each time- which is nice for the little ones and easier on Mom and Dad’s wallet!

There are a few “big people” rides, however, the majority of the campus is set up for little ones. There are some height requirements though. Little ones must be at least 36″ in height and in some cases, 42 and 48″.

The Wharf has done well with this summer attraction in keeping up with our family friendly reputation.

Be sure and swing by the awesome local shoppes while you stop out for some family fun this summer!

May 2013 {Alabama Gulf Coast | Real Estate Market Report}

kddoggett — Mon, 10 Jun 2013 20:51:06 +0000

Again this month, the Alabama Gulf Coast Real Estate market is on fire! The inventory has dropped slightly which will surely drive demand and prices up. The numbers are showing us that smart buyers know this and are buying now! This was proven by the whopping 63 homes sold in the Alabama Gulf Coast Real Estate market last month!

Distressed inventory continues to decrease suggesting before long they will be few and far between. This fact remains the same from last month and should continue to dwindle. Don’t hold out for a foreclosure, now is the time to buy and sell!

Check out the numbers below and don’t hesitate to contact me with any questions that you might have!

April 2013 Condo Market Stats		May 2013 Condo Market Stats
1126 Active Condos on the market		931 Active units on the market
188 Under contract or Pending listings currently		180 Under Contract or pending listings currently
The Avg sold price is slightly up from March to $276,470		The Avg sold price: $280,647
4 Turquoise Place Condos sold in April leaving only a handful of developer units left. Find out more here.		9 TP Place condos exchanged hands. Watch for more info on this.
Nearly identical to last month (March), 138 condos marked sold this month.		Again, 139 Condos sold
31 condos sold over the 400k mark.		26 selling over the 400k threshold
17% of the 138 closed in April were either foreclosure or short sales.		Only 11% of sold condos in May were distressed. This number continues to fall.
A steady trend this year, units have sold at 95% their original list price again in April 2013.		And again, units sold @ at average of 95% of their original list price.

April 2013 Single Family Homes		May 2013 Single Family Homes
Inventory up slightly: 553 Active homes for sale in April.		487 Active homes for sale in Gulf Shores, bringing inventory down slightly and encouraging demand.
97 homes marked under contract or pending		90 homes marked under contract or pending
Average sold price down slightly: $276,470		Average sold price up: $342,176
Average DOM: 174		Average Days on the market: 205
Down slightly from a record March: 40 homes sold		63 homes sold! Up from last months recent history record (The most sold in at least the last 8 years).

Only 15% of home sales were considered distressed sales in April.		A mere 8% of sold were distressed.


Foley Homes: April 2013		Foley Homes: May 2013

Steady, 63 homes sold in the Foley market.		3 months in a row: 63 homes sold.
Up this month! Average sold price $157k with the median sold price also up at $141k		Average sold price : $134,062
Way down in April, sales considered distressed: only 22% this month.		Only creeping up slightly: 24% of homes sold were distressed.
Average DOM: 140		Avg. DOM: 156

The Alabama Gulf Coast Real Estate Market started out strong in 2013 and thus far it has steadily gained momentum. Sell while the selling is hot, buy before the prices climb any more!

If you have any questions regarding our real estate market, trends, or any other real estate need please don’t hesitate to contact me!

~Kristy

251-747-2146

Gulf Shores | Orange Beach {Summer Events} 2013

kddoggett — Fri, 31 May 2013 19:21:18 +0000

Wow! The summer is only just beginning and Gulf Shores and Orange Beach are already making a splash! MTV graced our beaches to televise our annual Hangout Music Fest. The 4 day music festivities were streamed in their entirety on the Music Mega Channel for all of the world to get a glimpse of this pretty little Alabama beach. Only days later the wildly popular “Robertson Clan” from A&E’s “Duck Dynasty” were making appearances at places such as The Track, The Hangout, and Miss Kay was even spotted at Walmart! Our sleepy little beach town is making waves.

I don’t know if the rest of this 2013 summer can top its first couple weeks- but as always there is something for everyone here and we’ll extend a warm welcome to y’all! Check out some upcoming reasons why you should make Gulf Shores and Orange Beach, Alabama your home (or happy vacation place at least!):

May 30th-June 2nd: Thunder on the Gulf

June 8th: LuLuPalooza Rockin’ The Intercoastal Waterway

June 8th: Red Snapper Jubilee at Outcast Marina (251-980-8440 for more info)

June 14th: Gulf Coast Hot Air Balloon Festival

June 14th: Shindig in the Sand | 70 musical acts over 3 days at Florabama (for more info: 850-492-0611)

June 15th: Brad Paisley @ The Wharf

June 15th: Gulf Coast Region USA Volleyball Beach Series V-USA Junior Beach Tour

July 5th: Independence Day Festivities- Perdido Beach Resort

July 5th: The Band “Alabama” @ The Wharf

July 9th: Blue Marlin Grand Championship

July 18th: Alabama Deep Sea Fishing Rodeo

July 23rd: Dave Matthews Band @ The Wharf

July 26th: Billfish Limited Tournament

August 5th: Southeastern Jr. Golf Tournament

August 10th: Top of the Hops Beer Festival @ The Wharf

August 15th: SEC Beach Fest

August 30th: Labor Day Fishing Invitational

September 7th: Alabama Coastal Triathalon

September 20th: MS Ride \ Tour de Beach

September 26th: Alabama State Tri-Level Tennis Championship

October 4th: Bayfest Music Festival

October 10th: 42nd Annual Shrimp Festival

This is NOT a complete list! These are just a few of the events you can expect along the Alabama Gulf Coast for Summer and beyond 2013. No matter the season, our little beach has an assortment of activities and festivities to experience. Come on down, settle in and enjoy the view! You never know who you might bump into!

~Kristy

251-747-2146

Bella Luna Condos {1st Quarter 2013} Real Estate Update

kddoggett — Wed, 15 May 2013 18:13:30 +0000

Since it’s development in 2006, Bella Luna Condos were no stranger to the real estate markets ups and downs. As with any piece of real estate its owner hopes it will continue to appreciate up until they are ready to sell. For the most part and historically speaking property has been a pretty stable investment, especially if you are willing to hang on to it for awhile.

Let’s have a look at how the Bella Luna Condos have done over the 5 years.

# of Units Sold Per Year:

2008: 9

2009: 14

2010: 15

2011: 12

2012: 8

2013: 6 (by Mid May with one currently under contract and set to close in June)

If you have been keeping an eye on my monthly overall coastal market reports you will see that 2013 has been a fantastic year for Real Estate thus far. Bella Luna is following suit with that fact showing nearly as many sales by mid year as they had the entire year of 2012.

Average Price per square foot per year:

2008: $307.48

2009: $253.81

2010: $242.75

2011: $245.66

2012: $244.59

So far in 2013: $288.00 , an 18% increase from the 2012 average.

If you are interested in purchasing a Bella Luna Condo, now may be the time to do so. Prices are on the rise again.

Conversely, sellers: if you’d like to get in on the 2013 real estate market activity and you’d like to discuss pricing your condo in line with the market don’t hesitate to give me a call! We will list and effectively market your unit and get it sold for you!

~Kristy

251-747-2146

April 2013 {Alabama Gulf Coast | Real Estate Market Report}

kddoggett — Tue, 14 May 2013 19:07:32 +0000

April 2013 mirrored the month prior with inventory and sales remaining steady. Distressed inventory continues to decrease suggesting before long they will be few and far between.

Turquoise Place condos continue to sell at a steady rate, another disappearing piece of the Alabama Gulf Coast inventory. Only a few remain which means only a few $200k buyer credits remain as well.

The Foley market showed well in April with the highest average sold price in more than 2 years, as well as a slowly diminishing distressed inventory.

Check out the numbers below and don’t hesitate to contact me with any questions that you might have!

March 2013 Condo Market Stats		April 2013 Condo Market Stats
Not much change from February with 1149 Active condos on the market currently.		Still steady, 1126 Active Condos on the market
190 Condos are marked Under Contract or pending sale, just up from last month’s number at this time.		Also steady, 188 Under contract or Pending listings currently
The Avg sold price is slightly down to $269,419 even with 5 Turquoise Place condos sold in March.		The Avg sold price is slightly up to $276,470
5 Turquoise Place condos sold, the end is nearing for ownership of a developer unit with a $200k buyers credit…		4 Turquoise Place Condos sold in April leaving only a handful left. Find out more here.
The number of condos sold in March nearly doubles that of February with 137 marked sold.		Nearly identical to last month, 138 condos marked sold this month.
The majority of condos sold were under the $400k mark with only 27 of them being over that price.		31 condos sold over the 400k mark this month.
14% of the 137 units sold in March were distressed sales.		17% of the 138 closed in April were either foreclosure or short sales.
Hanging steady again this month, units sold at an average of 95% of their original list prices.		A steady trend this year, units have sold at 95% their original list price again in April 2013.

March 2013 Single Family Homes		April 2013 Single Family Homes
528 active single family homes for sale in March.		Inventory up slightly: 553 Active homes for sale in April.
78 homes are marked under contract or pending to date.		97 homes marked under contract or pending
Average sold price up: $306,690		Average sold price down slightly: $276,470
Average DOM down: 202		Average DOM: 174
Up again, 47 homes sold in March 2013, The highest number in a year and a half!		Down slightly: 40 homes sold

23% of sales were distressed in march down from Feb.		Only 15% of home sales were considered distressed sales in April.


Foley Homes: March 2013		Foley Homes: April 2013

61 homes sold in the Foley Market in March		Steady, 63 homes sold in the Foley market.
Average sold price is up to $130k in March, climbing slightly		Up this month! Average sold price $157k with the median sold price also up at $141k
34% of sold homes were distressed, a large decrease from the previous month!		Way down in April, sales considered distressed: only 22% this month.
Days on the market also down to 149 this month.		Average DOM: 140

The Alabama Gulf Coast Real Estate Market is coming on strong in 2013. Sell while the selling is hot, buy before the prices climb any more!

If you have any questions regarding our real estate market, trends, or any other real estate need please don’t hesitate to contact me!

~Kristy

251-747-2146

Turquoise Place Condominiums {It’s now or never!} Only 8 Left!!

kddoggett — Fri, 03 May 2013 15:19:20 +0000

Turquoise Place Condominiums in Orange Beach are the most prestigious and beautifully appointed luxury condos on Alabama Gulf Coast. It’s no surprise that these units have been “flying off of the shelves” since the $200,000 buyer credit was added to the purchasing equation.

Over 100 units were sold in 2012 which drastically depleated the developer inventory. See the historical sales data for the last couple of years here: http://gulfbeachcondominiums.com/turquoise-place/1st-qtr-2013-turquoise-place-condos-availability-update/

As of today there are only 8 three bedroom developer units available. Once these are gone, so is the $200k buyer credit! Of course there will always be the opportunity to purchase resale units from private owners, but how likely do you think they will be to pass their $200k savings on to you?

If you have been interested in Turquoise Place, or have contemplated ownership. Now is the time to act. It’s now or never (if you want to take advantage of that savings – that is!)

Contact me for a complete listing of which units are still available or for further information about Turquoise Place Condos in Orange Beach!

-Kristy

251-747-2146

New Foley Entertainment Project Announced {Blue Collar Group} Foley Beach Express

kddoggett — Mon, 29 Apr 2013 15:12:59 +0000

Large amounts of prime commercial property has just been waiting to be picked up for many years now. The time has finally arrived! Over 600 acres of land have recently been purchased and approved for a Foley entertainment and tourism complex. The entertainment acreage sits along the Foley Beach Express near the county Rd. 20 intersection. The Blue Collar group is behind the development and plans to develop such highlights as an Ampitheatre, RV park, amusement rides and more. Read more from the AL.com article below:

Mega entertainment, sports tourism project in works in Baldwin CountyIn what Foley Mayor John Koniar calls a cross between Branson, Mo., and Six Flags, a proposed entertainment development called Blue Collar Country has been pitched for a 600-site within the city. The attraction would include an amphitheater, other performance venues, hotels, an RV resort, retail shops, restaurants and other amenities.

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Incredible Gulf Coast Real Estate Investment Opportunity {Outstanding Potential ROI}

kddoggett — Mon, 22 Apr 2013 20:15:42 +0000

Outstanding ROI Potential!!

Associated costs and potential return:

This amazing newly developed beach home could be an amazing opportunity for the right person. Home sleeps 30 and could be a rental money making machine! Fully Furnished and Rent-ready-

Monthly HOA dues: $354
Projected Annual Insurance: $10,500 wind // $3500 Flood
Projected Rental Income: $200,000

March 2013 {Alabama Gulf Coast | Real Estate Market Report}

kddoggett — Mon, 15 Apr 2013 13:55:49 +0000

March 2013 continues to show the strength of the Alabama Gulf Coast Real Estate market! Improvements across the board can be noted in Condos, Single Family Coastal Homes and Foley Single Family Homes as well. Numbers increased and decreased dramatically from the prior month in all the right places.

The condo market witnessed nearly double the amount of sales from last month which was also a 20% increase from the number of condos sold this time in 2012. The inventory stayed steady with nearly the exact same amount of available units on the market. If sales continue to soar with inventory remaining steady, we’re sure to see prices on the rise.

The Coastal Single Family market had another increase in the number of homes sold this month. While last month’s number was the highest we had seen in 9 months, this months increase was the largest number sold in this category in a year and a half!

Distressed numbers continued to fall in all categories (Gulf Shores/Orange Beach/ Perdido Key/ Fort Morgan Single Family Homes had almost a 50% decrease in distressed sales while the Foley market’s distressed sold number dropped from 55 to 34%) another good indication of a strengthening real estate market.

February 2013 Condo Market Stats		March 2013 Condo Market Stats
1146 Condos active on the market in February		Not much change from February with 1149 Active condos on the market currently.
6% of active listings are distressed again this month		Distressed actives down to 4% this month
178 units are under contract or pending sale		190 Condos are marked Under Contract or pending sale, just up from last month’s number at this time.
26% of Under Contract units are distressed		25% of Under Contract listings are considered distressed, a slight decrease from February
Avg Sold price remains steady at $276,466		The Avg sold price is slightly down to $269,419 even with 5 Turquoise Place condos sold in March.
73 Condos sold in February 2013		The number of condos sold in March nearly doubles that of February with 137 marked sold.
61 of the 73 units sold were under $400k		The majority of condos sold were under the $400k mark with only 27 of them being over that price.
19% of sold units were distressed		14% of the 137 units sold in March were distressed sales.
Units sold at 95% of their final list price this month		Hanging steady again this month, units sold at an average of 95% of their original list prices.
February 2013 Single Family Homes		March 2013 Single Family Homes
513 active homes for sale in February		528 active single family homes for sale in March.
3% of active listings were distressed		Once again, 3% of these active listings are distressed.
73 homes are currently pending or under contract		78 homes are marked under contract or pending to date.
.Again 39% of the homes that are under contract are considered distressed (Short Sale or Foreclosure)		Way down this month, the under contract distressed homes only make up 22% of the total (nearly 1/2 of last months percentage).
Average sold price: $ 255,285		Average sold price up: $306,690

Average days on the market: 244		Average DOM down: 202
40 homes sold in February 2013! (The highest number of Home sales in 9 months).		Up again, 47 homes sold in March 2013, The highest number in a year and a half!
25% of the sales were distressed.		23% of sales were distressed in march down from Feb.
Foley Homes: February 2013		Foley Homes: March 2013

51 homes sold in the Foley Market in February		61 homes sold in the Foley Market in March
Lower yet in Feb, the average sold price is $122,146.		Average sold price is up to $130k in March, climbing slightly
55% of homes sold were distressed		34% of sold homes were distressed, a large decrease from the previous month!
Average days on the market: 171		Days on the market also down to 149 this month.

The Alabama Gulf Coast Real Estate Market is coming on strong in 2013. Sell while the selling is hot, buy before the prices climb any more!

If you have any questions regarding our real estate market, trends, or any other real estate need please don’t hesitate to contact me!

~Kristy

251-747-2146