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The Real Estate markets of Gulf Shores, Orange Beach, Perdido Key and the Foley communities showed an overall inventory uptick in month of February 2014.    The number of units sold in each category from last month to this month was up as well, with the Gulf Shores Single Family Home sales showing the largest increase in both units sold and sold price amount.

If the market follows the same trend as it has over the last two years, we should see the number of units sold as well as the inventory continue to increase over the next three months.  (Assumption based on the last two years of recorded real estate data for our market).  But on a larger scale, nationwide economic analysts are suggesting that real estate prices can be expected to continually increase until 2018.  For more details on that check out this article.

As always we will continue to watch and record the details to pass on to you.

 

January 2014 Condo Market Stats February 2014 Condo Market Stats
993 Active condos on the market in January 2014  1072 Active condos on the market in February 2014
105 of the active on the market condos are Under Contract or Pending Sale 122 of the actives are under contract or pending sale.
  Average sold price hanging steady at: $427,582 Average sold price slightly down: $382,050
107 condos sold in January 2014 from the Alabama Beach Real Estate Inventory  118 condos sold in February 2014 from Alabama Beach Real Estate Inventory
  57 Units sold over the 400,000 mark. (Including 4 Turquoise Place Units) 42 units sold over the 400,000 mark (5 Turquoise Place Units)
 Two months in a row condos have sold at 97% of their average list price.  This is up 2% from the 95% that was steady for most of 2012 and 2013. Condos sold at 96% of their original list price on average this month.
January 2014 Single Family Homes February 2014 Single Family Homes
518 Homes actively for sale in January 2014 in the Alabama Beach Real Estate market  569 Homes actively for sale in Feb 2014 in the Alabama Beach Real Estate Market.
51 of these homes are either under contract or pending sale.  62 of the active homes are either under contract or pending sale.
The average sales price for homes sold along the Alabama Beach Real Estate market was 210,000 for the month of January 2014.  The average sold price in the Alabama Coastal market was up: $317,749
The Average amount of Days that homes sat on the market before selling this month was 180.  The Average amount of days on the market before selling was 218 in Feb.
 Only 21 Homes sold in the Gulf Shores, Orange Beach, Perdido Key and Fort Morgan areas in the month of January. Much lower than previous Januarys. 35 Homes sold along the Alabama coastal communities in February 2014.
Foley Homes: January 2014  Foley Homes: February 2014
43 Homes sold in the Foley and surrounding areas market in January 2014. (This includes the areas of: Foley, Magnolia Springs, Summerdale, Elberta, Robertsdale, Silverhill and Bon Secour)  49 Homes sold in the Foley and surrounding areas in February 2014.
  The average sold price climbed to $170,001 for the month of January. The average sold price was $130,146 this month.
 Distressed sales for the area also climbed to 33%  Distressed sales down slightly at 29% of the homes sold.
 The average days on the market for the Foley market in January was 132. The average days on the market for the Foley market in February was 163

If you think now is the time to get that home listed to compete in the inventory pool- check out this website and take a look at how I can effectively get your listing in front of the world.

If you see a home or condo that you are interested in, don’t hesitate to contact me so that I can help answer any questions you may have and further educate and guide you during the buying process!

Thanks for following!

~Kristy

251-747-2146

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JunoniaBeachResortLogo-medium

 

 

As our last market report discussed, our area is seeing more development now than it has seen in over 5 years.  Included in that is the newest plans for an amenities packed beach front Resort located in Orange Beach Alabama. Pre-sales are currently taking place for The Junonia Beach Resort.

The Junonia Beach Resort in Orange Beach is conveniently located and is adjacent to several grocers and restaurants along the Beach highway.   The Resort will contain 97 units making this a nice low density complex that boasts of all of the amenities that the larger more populated complexes have.

Junonia’s development plans boast of amenities galore both inside and out of the beachfront resort.  Below are the plans and available floorplans for presale.

 

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Unit “A”:  3 Bedroom/ 3 Bath:  A unit presale price is advertised @ $575,000.  Heated & Cooled square footage: 1652, Balcony sf: 256. These units are interior units and available from the first through the 19th floors.  (The top floor is reserved for the Penthouse units)

Junonia-Unit_A

 

 

Unit “B”:  3 Bedroom/ 3 Bath:  B unit presale price is advertised @ $595,000.  Heated & Cooled square footage: 1660, Balcony sf: 264. These units are end units and available from the tenth through the 19th floors.

Junonia-Unit_B

 

Unit “C”:  4 Bedroom/ 4 Bath:  C unit presale price is advertised ranging from $725-$750,000.  Heated & Cooled square footage: 1935, Balcony sf: 242. These units are interior units and available from the first through the 9th floors.

Junonia-Unit_C

 

 

 

Unit “P1″:  3 Bedroom/ 3 Bath:  P1 Penthouse unit presale price is advertised @ $650,000.  Heated & Cooled square footage: 1738, Balcony sf: 268. This unit is an interior top floor unit.

Junonia-Unit_P1

 

 

 

Unit “P2″:  5 Bedroom/ 4 Bath: P2 unit presale price is advertised @ $950,000.  Heated & Cooled square footage: 2488, Balcony sf: 390. These units are Penthouse corner units located on the top floor.

 

Junonia-Unit_P2

 

Please contact me with any interest that you have regarding this new Beach Front Resort located in Orange Beach Alabama.  I can help you with local lender information, availability and further details!

~Kristy

251-747-2146

 

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The Alabama Gulf Coast Real Estate market report for January 2014, (which includes the areas of Gulf Shores, Orange Beach, Fort Morgan, and Perdido Key as well as Foley for our purposes) has been improving month over month since the Gulf Deepwater Horizon Oil Spill nearly 4 years ago (April 20, 2010).  While the market lagged for about a year after the spill as the area pulled together to clean up the beaches- the market has been rebounding ever since.

In fact, The Gulf Coast Chamber of Commerce recently announced that The Alabama Beach Tourism broke its record for the third consecutive year in a row!  ”According to Gulf Shores and Orange Beach Tourism…2013 generated $343 million in taxable lodging and $683 million in taxable retail sales.” (Mobile Press Register)  Up 6% from the prior year!

With that being said, January 2014 showed a bit of a slowdown to that full steam ahead engine of the last couple of years.  Low inventory could be the culprit to a lower number (50% less) of single family homes sold in Gulf Shores, Orange Beach, Fort Morgan and Perdido Key.  Condo sales were also reportedly less going from 156 units sold in December to 107 sold in January.

It should also be noted that of the condo units sold in December and January however, a large number were Phoenix West II units.  From this new development, 61 of the condos sold in December were Phoenix  West II units, as well as 51 of January condo closing numbers according to the  Baldwin county mls data.  Without these #’s December and January 2013/2014 condo closing numbers would closely mirror the numbers from December and January 2012/2013.

Without the 61 Phoenix units sold in December, the total condos sold would have been exactly the same as the previous December: 95.  January 2014 would be 56 condo sold slightly lower than January 2013′s 73 units.

Foreclosure sales in the Foley market (which includes: Foley, Magnolia Springs, Summerdale, Elberta, Robertsdale, Silverhill and Bon Secour) was about 13% higher than last month.  Total units sold was only about 10% lower than the previous month while the average price sold jumped up $40,000.

While January may have slowed down a tad in a few areas, there has been a “boom” in others.  New construction along “Pleasure Island” has picked up and has proven to be the best month (according to building permits issued) since 2008.  (According to a news report from WKRG news 5).

The winter months are typically slower in real estate generally speaking.  With spring just around the corner and the continuing growth in tourism and new development, it will be exciting to see what 2014 has in store for the Alabama Gulf Coast!

 

Follow me on Facebook to get the newest updates as they become available!

 

December 2013 Condo Market Stats January 2014 Condo Market Stats
920 condos actively on the real estate market this month  993 Active condos on the market in January 2014
 69 of those actives are either under contract or pending sale 105 of the active on the market condos are Under Contract or Pending Sale
  Average sold price is up at $420,096 Average sold price hanging steady at: $427,582
156 Units sold  107 condos sold in January 2014 from the Alabama Beach Real Estate Inventory
 79 units sold over the $400k mark  57 Units sold over the 400,000 mark. (Including 4 Turquoise Place Units)
 Homes sold at 97% of their original list price.  Two months in a row condos have sold at 97% of their average list price.  This is up 2% from the 95% that was steady for most of 2012 and 2013.
December 2013 Single Family Homes January 2014 Single Family Homes
472 Homes active on the market in December  518 Homes actively for sale in January 2014 in the Alabama Beach Real Estate market
31 homes are under contract or pending  51 of these homes are either under contract or pending sale.
Average sold price: $311,120  The average sales price for homes sold along the Alabama Beach Real Estate market was 210,000 for the month of January 2014.
Average DOM: 172  The Average amount of Days that homes sat on the market before selling this month was 180.
41 homes sold in December  Only 21 Homes sold in the Gulf Shores, Orange Beach, Perdido Key and Fort Morgan areas in the month of January. Much lower than previous Januarys.
Foley Homes: December 2013  Foley Homes: January 2014
54 Homes sold in December  43 Homes sold in the Foley and surrounding areas market in January 2014. (This includes the areas of: Foley, Magnolia Springs, Summerdale, Elberta, Robertsdale, Silverhill and Bon Secour)
 $136,747 average sold price down slightly  The average sold price climbed to $170,001 for the month of January.
 Distressed sales hanging steady at 20%  Distressed sales for the area also climbed to 33%
 Average Days on the Market : 155 The average days on the market for the Foley market in January was 132.

If  you have any questions about anything you see here, or need assistance in anyway, please don’t hesitate to reach out to me!

~Kristy

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It’s that time again! Another year has passed and we can take all of the Gulf Shores, Orange Beach, Fort Morgan Perdido Key and Foley real estate data that we have gathered over the last year and years previous to get an idea of how our Alabama Gulf Coast Real Estate Market has performed over the year.

 

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

 

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     The little beach along the Alabama Gulf Coast in Gulf Shores has been hurled into the public spotlight since the inception of the The Hangout Music Festival 4 years ago.  The fest has grown in popularity by leaps and bounds in a few short years and is being publicized by media giants such as USATODAY, Rolling Stone, and Mtv who even came and provided live coverage at the 2013 event. 

Check out 2013 Highlights of the Hangout Music Fest from Mtv below:

Get More:
Music News

 

          This year The Hangout hit the road with a regional game of “hide and seek” where fans had the chance to score a pair of fest tickets before you could buy them.  Fans waited with baited breath refreshing their instagram feeds every few seconds hoping they would be the first to find the next set of hidden tickets.  Hiding spots as obvious as lifeguard chair #5 right outside of The Hangout’s front door all the way to places such as Nashville, Tn. and Athens, Ga.

Rumors have been flying for weeks as to who would grace the Hangout Festival Lineup for 2014.  When Outkast recently announced their return to the concert tour circuit after a decade without performing- speculation of their attendance at this year’s Hangout Fest was being tossed around.  Sure enough- Outkast’s 5th stop on their festival tour this year will be in Gulf Shores, Al.

While names such as Tom Petty, The Black Crowe’s and Stevie Wonder were tossed in amongst the slew of “younger” audience bands in 2013- The 2014 lineup seems to be geared wholly to a younger audience.  However, in usual “Hangout” fashion- there promises to be more names announced as time goes on-   But as of right now- the 2014 Hangout Festival Lineup contains:

Hangout2014lineup

 Tickets are now available to purchase on The Hangout Music Festival Website.  Prices start at $229.00 for the 3 day general admission tickets,  and go all the way up to $1649.00 for the Super VIP Plus Shuttle pass.  VIP perks include private cabana seating with incredible main stage views, pool and hot tub access, private air conditioned dining room, concierge service, golf cart access and more!

The Festival will bring an estimated 35,000 attendees per day down to Gulf Shores Alabama’s public beachfront on May 16th, 17th, and 18th.   What about you?  Will you be attending?  Let us know your plans for The Hangout Music Festival!  We’d love to hear your comments!

~Kristy

 

 

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At first glance the Gulf Coast Real Estate Market Report (which includes the areas of Gulf Shores, Orange Beach, Fort Morgan, and Perdido Key as well as Foley for our purposes) numbers are quite impressive in comparison to last month- especially for a December!  The number of condo transactions that took place over the last month jumped almost 40% from the previous.  This can be explained by the large number of Phoenix West II  (64 ) units that closed in December. A total of 156 condos closed in the month of December, way up from the 95 that closed in November.  The lowered inventory along with those extra 64 high dollar units that sold helped bring December’s average sold price up $100k.

The Single Family homes market along the Alabama Gulf Coastal communities (Gulf Shores, Orange Beach, Perdido Key, Fort Morgan) also saw a large increase in the number of homes sold in December (also up almost 40% from November).  There were 42 homes sold in comparison to November’s 26 homes.  Inventory in this category also saw an almost 10% decrease.

With inventory down, elementary economics would suggest our real estate market should see an increase in price as demand rises.   As we close out the last couple months of winter we will see if this trend continues.  Also helpful to this equation is the news of  large business such as Acme Oyster House and Rouses Supermarket coming to Gulf Shores.  It seems an atmosphere for  economic growth is eminent.

The coming months will be interesting to keep an eye on.  Keep an eye on it with me here!  Be sure and register for blog updates so you don’t miss out!

Or Follow me on Facebook to get the newest updates as they become available!

 

November 2013 Condo Market Stats December 2013 Condo Market Stats
997 condos actively on the market  920 condos actively on the real estate market this month
113 are under contract or pending sale  69 of those actives are either under contract or pending sale
 Average sold price $326,774  Average sold price is up at $420,096
 95 units sold in November  156 Units sold
 26 units sold over the $400k mark  79 units sold over the $400k mark
 Homes were sold at 96% of their original list price this month  Homes sold at 97% of their original list price.
November 2013 Single Family Homes December 2013 Single Family Homes
518 Homes actively for sale in November  472 Homes active on the market in December
47 of those active homes are under contract or pending  31 homes are under contract or pending
Average sold price: $328,704 (1 million + home sold bringing that average up this month)  Average sold price: $311,120
Average DOM: 182  Average DOM: 172
 26 Homes sold in November  41 homes sold in December
Foley Homes: November 2013  Foley Homes: December 2013
56 Homes sold in November  54 Homes sold in December
 $146,694 average sold price  $136,747 average sold price down slightly
 Distressed sales back down to 18% of sales  Distressed sales hanging steady at 20%
175 Average Days on the Market  Average Days on the Market : 155

If  you have any questions about anything you see here, or need assistance in anyway, please don’t hesitate to reach out to me!

~Kristy

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The Alabama Gulf Coast is thankful for another uneventful hurricane season.  Our Real Estate market(which includes the areas of Gulf Shores, Orange Beach, Fort Morgan, and Perdido Key as well as Foley for our purposes) was able to stay steady and strong all season due to this.   The seasonal drop is witnessed this month as slight dips and drops in number of units sold and inventory.  The average sold price for Homes along the Alabama Gulf Coast was slightly elevated this month due to one home that sold over the 1 million dollar marker.

Foley’s market kept its momentum with very little change except for the notably lower distressed sales percentage in Novermber- another positive for our Alabama Gulf Coast Real Estate market!

 

October 2013 Condo Market Stats November 2013 Condo Market Stats
1002 condos actively on the market  997 condos actively on the market
104 are under contract or pending sale  113 are under contract or pending sale
 Average sold price up: $370,245  Average sold price $326,774
112 Condos were sold in October 2013  95 units sold in November
 35 were over the $400k threshold  26 units sold over the $400k mark
 homes sold at 95% of list once again  Homes were sold at 96% of their original list price this month
October 2013 Single Family Homes November 2013 Single Family Homes
512 Homes actively for sale  518 Homes actively for sale in November
39 Under Contract, 10 Pending sale  47 of those active homes are under contract or pending
Average Home sold price: $263, 050  Average sold price: $328,704 (1 million + home sold bringing that average up this month)
Avg DOM: 159  Average DOM: 182
 38 Homes sold in October  26 Homes sold in November
Foley Homes: October 2013  Foley Homes: November 2013
50 Homes sold in October  56 Homes sold in November
  $147,760 was the average sold price in Foley in October.  $146,694 average sold price
Distressed sales up a bit: 24%  Distressed sales back down to 18% of sales
Avg: DOM 141  175 Average Days on the Market

If  you have any questions about anything you see here, or need assistance in anyway, please don’t hesitate to reach out to me!

~Kristy

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For any of you that aren’t familiar with The Peninsula in the Gulf Shores Real Estate market- after learning about all this 800 acre home development has to offer -you may just want to consider making it’s newest Home Development site (The Retreat) your new home!  The Peninsula is home to 6 different neighborhoods in addition to a convenient and carefree condo site as well.  The bountiful amenities that owners of Peninsula Gulf Shores Real Estate properties get to enjoy include:

• 27 holes of championship golf designed by Earl Stone
• Reciprocal privileges at two additional Honours Golf courses: Craft Farms and Rock Creek
• 30 sparkling lakes and the area’s largest white-sand bunkers
• 10,000-square-foot putting greens
• Premier Racquet Club
• Eight Hydro-Court surfaced tennis courts
• Indoor and outdoor pools
• State-of-the-Art Fitness and Aerobics Center
• Golf and tennis pro shops
• Private, gated neighborhoods
• One mile of private beach on Bon Secour Bay
• 350-foot pier stretching out into Bon Secour Bay
• Nature trails throughout the community
• Club privileges at the nearby The Beach Club resort, located on the Gulf of Mexico*

This Blog Post will be featuring the newest home development site in The Peninsula, “The Retreat.”

 

Retreat Phase II – Final Pricing Grid 102513

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There are currently 3 models constructed and ready to walk through (including the furnished model shown above). If you are interested in a tour or further information regarding The Retreat &/or The Peninsula please do not hesitate to contact me!
I look forward to helping you get your new home started at The Retreat!
~Kristy
251-747-2146
If you are interested in touring or

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No different than the last year in our Alabama Gulf Coast Real Estate Market October 2013 was no different.  Small positive climbs and changes were had nearly across the board.  Slight increases in sales prices and steady inventory keeping demand steady as well.  As we roll into the cooler fall months we will likely see the sales drop slightly as winter months are historically slightly slower than the more inviting warmer months.

 

September 2013 Condo Market Stats October 2013 Condo Market Stats
1026 condos on the market currently  1002 condos actively on the market
Of those, 119 are UC or Pending sale  104 are under contract or pending slae
 Avg Sold Price $336,041  Average sold price up: $370,245
119 condos sold in September  112 Condos were sold in October 2013
 Of those sold, 31 were over the $400k mark  35 were over the $400k threshhold
 Again, homes sold at 95% of their original list price  homes sold at 95% of list once again
September 2013 Single Family Homes October 2013 Single Family Homes
518 Active Homes on the market in September  512 Homes actively for sale
39 Under Contact, 14 Pending sale  39 Under Contract, 10 Pending sale
Average sold price $294,546  Average Home sold price: $263, 050
Avg DOM: 206  Avg DOM: 159
48 Homes sold in September  38 Homes sold in October
Foley Homes: September 2013  Foley Homes: October 2013
59 Homes sold in September  60 Homes sold in September
 Average Sold Price: $126,402  $147,760 was the average sold price in Foley in October.
Distressed sales 20%  Disressed sales up a bit: 24%
Avg: DOM 150  Avg: DOM 141

If  you have any questions about anything you see here, or need assistance in anyway, please don’t hesitate to reach out to me!

~Kristy

251-747-2146

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The Alabama Gulf Coast Real Estate Market (which includes Gulf Shores, Orange Beach, Perdido Key, Fort Morgan and Foley Real Estate for our purposes) numbers are still remaining steady.  The number of sales per month is still remaining high and the average price per square foot in the condo market increased by $6.00 this month.

In the Single Family market 2013 has proven a 28% increase in the number of homes sold from January through September when compared to the same time frame in 2012.  The dollars per square foot is also up in the single family market (12% from last year).

2013 has shown positive increases and steady demand, allowing the Alabama Gulf Coast Real Estate market to remain strong, providing both a good buying and selling atmosphere.

August 2013 Condo Market Stats September 2013 Condo Market Stats
1062 condos on the market on this date in Aug  1026 condos on the market currently
Of those 152 are UC or Pending sale  Of those, 119 are UC or Pending sale
 Avg Sold Price: 318,256 Avg Sold Price $336,041
138 condos sold in August 119 condos sold in September
 Of those sold, 34 condos were over $400k Of those sold, 31 were over the $400k mark
 Average sold price was 95% of list again Again, homes sold at 95% of their original list price
August 2013 Single Family Homes  September 2013 Single Family Homes
554 Active Homes on the market in August 2013  518 Active Homes on the market in September
51 of those are Under Contract, 15 Pending sale  39 Under Contact, 14 Pending sale
Average sold price again creeping up slightly to: $316,737  Average sold price $294,546
Avg: DOM 156  Avg DOM: 206
47 Homes sold in August  48 Homes sold in August
Foley Homes: August 2013  Foley Homes: September 2013
67 Homes sold in August  59 Homes sold in September
 Average Sold Price: $135,051  Average Sold Price: $126,402
Distressed sales back up in August to 31%  Distressed sales 20%
Avg: DOM: 128  Avg: DOM 150

If you have any questions or would like your home marketed and sold, contact me! ~Kristy

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