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Gulf Shores, Orange Beach, Fort Morgan, Alabama 2009 MARKET UPDATE

Gulf Shores / Orange Beach / Fort Morgan, Alabama
2009 MARKET UPDATE
Condos – Homes – Land – Commercial Property
2008 ALABAMA COASTAL REAL ESTATE MARKET HISTORY
  • Steady Price Decline
  • Increase in Foreclosures
  • Some “Short Sales”……
  • End of New Construction
  • High Percentage of Cash Buyers
2009 LOOKING AHEAD
  • Some Developments are Close to Bottom
  • Limited New Construction for 4-5 Years
  • Selling at Less Than Replacement Costs
  • Condo’s Starting to Get “Picked Over”
  • Newer Beachfront at 255 – 285 sq ft
  • Low Interest Rates Attracting Buyers
  • Nice Beachfront 1/2’s …..190k+
  • Newer Beachfront 2/2’s ……290k+
  • Newer Beachfront 3/3’s…….380k+
  • Continued Foreclosure Values
  • Limited Developer Inventory
  • Buyer’s Looking at Price AND Quality
HOW TO GET THE BEST VALUE
  • Let Us Know Your Criteria
  • Focus on One or Two Developments
  • Visit and Preview Units
  • Have Financing in Place
  • Be Prepared to Move Quickly
  • Units Sell at Certain Price Points
  • List/Sold Price Spread Now Closer
  • Clean Contract…..Quick Close
  • Have a GAME PLAN
WE CAN KEEP YOU ADVISED
  • Contact Us by Email or Phone
  • Fast Response to Your Questions
  • Take Advantage of Value Opportunities
  • We Represent YOU in the Transaction
HOT LIST
  • Looking for BEST VALUE?
  • Know  WHAT YOU WANT?
  • Are you prepared to make a QUICK OFFER?
  • The BEST PRICED properties go first.
  • The GOOD FORECLOSURES go fast.
  • Send an email and get on our “HOT LIST”.
  • We will contact you and MATCH YOUR CRITERIA.
Thanks – look forward to working with you.
Des Gatti
The Gulfshoreslife.com Team
Keller Williams Realty Alabama Gulf Coast
Direct (251) 233-9825 Fax 251-217-9375
desgatti@gulfshoreslife.com
www.gulfshoreslife.com/desgatti

Coming February 7th, 2007 – SAN CARLOS Condo Auction
Gulf Shores
30 NEW CONDOS
Pre-Auction Offers
……Contact Us To Register……
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January 6, 2009 Posted by | alabama, Baldwin County, Beach Real Estate, fort morgan, Gulf Coast, Gulf Shores, orange beach, real estate | , , , , , , , , , , , , | 3 Comments

MARKET UPDATE ALABAMA GULF COAST

The coastal communities of Orange Beach and Gulf Shores, Alabama, have seen significant price reductions in both condo’s & single family homes.  These new price levels are now starting to attract buyers who have been following this local real estate market. 

A Market View

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June 19, 2008 Posted by | alabama, Baldwin County, Bon Secour Bay, fort morgan, gulf of mexico, Gulf Shores, Ono Island, orange beach, Oyster Bay, perdido bay, real estate, wolf bay | , , , , , , , , , , , , , , , , , | Leave a comment

GO ZONE ACT

GO ZONE ACT

Take advantage of Exclusive GO ZONE Buying Opportunity in gulf shores and Orange Beach, Alabama……….In addition to the standard 27.5 year depreciation,there is a first year 50% Bonus Depreciation available through the Gulf opportunity Zone (GO ZONE) legislation……….For Alabama, the go Zone Act ends December 31, 2008………. Time is running out!

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February 1, 2008 Posted by | alabama, Baldwin County, Bon Secour Bay, fort morgan, GOZONE, Gulf Coast, gulf of mexico, Gulf Shores, Ono Island, orange beach, Oyster Bay, perdido bay, wolf bay | , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

I’m waiting on the market to bottom out!

If you don’t have a TV, a radio, or a newspaper, you may have missed all of the negative press surrounding the mortgage and housing markets. The severity of the situation has created a sort of panic that has paralyzed the consumer. Rather than deal with any aspect of the problem, we wait for someone to yell: “it’s OK to come out now!” If you are waiting for a “bottom” to the overall crisis, and for all the news to turn positive, don’t hold your breath. But where there’s tragedy, there’s opportunity. Let me show you why it is, in fact, “OK to come out now,” and why you might be sorry if you wait too long. Continue reading

December 18, 2007 Posted by | alabama, Baldwin County, Bon Secour Bay, fort morgan, gulf of mexico, Gulf Shores, Mobile Bay, Ono Island, orange beach, Oyster Bay, perdido bay, real estate, wolf bay | , , , , , , , , , , , , , , , | Leave a comment

Monster Buck

When you finally get that Monster Buck hanging up on the wall, then it’s time to buy a place to go fishing in Gulf Shores and Orange Beach, AL – www.gulfshoreslife.com

Big Rack Deer

Real Estate Agents – hunt for the big deals with Keller Williams Alabama Gulf Coast and Keller Williams Gulf States Region!

Search for Gulf Shores Alabama Real Estate by type

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Search for Orange Beach Alabama Real Estate by type

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Search for Fort Morgan Alabama Real Estate by type

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December 18, 2007 Posted by | alabama, Baldwin County, Beach Real Estate, fort morgan, Gulf Shores, Mobile Bay, Ono Island, orange beach, Oyster Bay, perdido bay, real estate | , , , , , , , , , , , | 48 Comments

New Buyer Profile Emerges on Gulf Coast

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CAUSE and EFFECT  

We all know the theory of “cause and effect” and it’s never been more apparent in the changing buyer profile for resort condominiums on the Alabama gulf coast.  Up until 18 months ago, the largest percentage of buyers were primarily investor oriented that sustained negative cash flow in anticipation of appreciation that was unrealistic. 

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December 17, 2007 Posted by | alabama, Baldwin County, gulf of mexico, Gulf Shores, orange beach, perdido bay, real estate | , , , , , , , , , , , | Leave a comment

Retired Canadians Head to Alabama

An increasing number of retired Canadians are now finding that the Gulf Coast of Mexico can be spelled with a capital “A” – as in Alabama.   Canada, like the United States, has it’s share of “baby boomers” that welcome the change in temperature and the 32 miles of white sand beaches that accommodate over 6 million annual visitors.   With the current exchange rate, the buying power of the Canadian dollar combined with very low real estate taxes, coastal properties are very attractive to these northern neighbors.  

And once they arrive, they find a Gulf coast that is both progressive and environmentally friendly – with thousands of acres preserved for bird and animal wildlife as well as miles of beaches. 

    

November 30, 2007 Posted by | alabama, Baldwin County, Bon Secour Bay, fort morgan, gulf of mexico, Gulf Shores, Mobile Bay, Ono Island, orange beach, Oyster Bay, perdido bay, real estate, wolf bay | , , , , , , , , , | 1 Comment

Turquoise Place Rocks Orange Beach!

Under constrution with the first bulding to be completed in Spring 2008, Turquoise Place sets a new standard for Gulf front living and entertaining.  Just steps from the beautiful white sand beaches of the Gulf of Mexico, this full service, year round resort complex offers spectacular views of the Gulf to the east and west.  Whether it’s an inviting sunrise, frolicking dolphins, or a serene sunset, you can take it all in from the expansive balconies of these beautifully appointed condominimums. Continue reading

November 29, 2007 Posted by | alabama, Baldwin County, gulf of mexico, orange beach, real estate | , , , , , , , , , , , , , | 3 Comments

Caribe Resort Condominiums on Perdido Bay and Perdido Pass

Caribe Resort Condominiums in Orange Beach Alabama

Caribe Condos

Caribe Real Estate

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November 15, 2007 Posted by | alabama, Baldwin County, gulf of mexico, orange beach, perdido bay, real estate | , , , , , , , , , , , , , , , , , , | 1 Comment