There are 771 active Alabama gulf front condo MLS listings for sale. The last 6 months, 298 have sold. This is a substantial number, at this pace the classic supply and demand model should dissipate the existing Buyers Market sooner than later.
There are 181 active Perdido Key, Florida gulf front condo MLS listings for sale. The last 6 months, 32 have sold. The Florida market has a higher percentage of upper-end million dollar type properties than Alabama.
A new Economic Outlook Index predicts the recession will conclude by September with a mild recovery. Foreclosures dropped to the lowest jump in 3 years during April-May filings. Source: Florida Association of Realtors.
I mention these two points in support of my personal speculation that except for the ‘million dollar type’ properties, the ‘middle of the road type’ properties have hit the bottom of the negative cycle we have experienced since Hurricane Katrina.
Since our market is moved more by emotions; (most are investor/2nd home owners) shifts have been more radical than an ordinary primary home market.
This opinion is based upon my experiences from the post Hurricane Frederic frenzy where gulf front property values jumped from $1,000/front foot to $10,000/front foot within a couple years, then plummeted down to $2,500/front foot a few years later during the Savings and Loan, turned to Resolution Trust Corporation auction crisis back in the late 1980’s.
The market turned hot again for several years prior to Katrina (remember the days everyone was flipping?) to today’s ailing market.
Those investors who were lucky or wise enough to purchase properties during the last down cycle did very well financially! I’m sure the same will be said for today’s buyers within a couple years.
If the property is listed with a real estate broker and associated with either the Baldwin County, Alabama Association of Realtors, or Pensacola, Florida Association of Realtor’s MLS (Multiple Listing Service) database, I shall include the “MLS #” into the Top-10 list.
In order to obtain additional information, copy and paste the MLS# into the corresponding public MLS# database link. The Baldwin MLS site mandates that the “pop-up Blockers” be temporally removed. Please note that these 2 public MLS databases are limited as to how much information is available.
For more information, please contact me so I may forward to you listing data from the controlled professional database.The chronological order does not indicate any preference.
Top-10
Pensacola, Florida Association of Realtors public MLS:
http://www.pensacolamls.com/(xx0ye024bazo2d450pkf5u45)/propertySearch.aspx
There are 181 active Perdido Key, Florida gulf front condo MLS listings for sale. The last 6 months, 32 have sold. The Florida market has a higher percentage of upper-end million dollar type properties than Alabama.
A new Economic Outlook Index predicts the recession will conclude by September with a mild recovery. Foreclosures dropped to the lowest jump in 3 years during April-May filings. Source: Florida Association of Realtors.
I mention these two points in support of my personal speculation that except for the ‘million dollar type’ properties, the ‘middle of the road type’ properties have hit the bottom of the negative cycle we have experienced since Hurricane Katrina.
Since our market is moved more by emotions; (most are investor/2nd home owners) shifts have been more radical than an ordinary primary home market.
This opinion is based upon my experiences from the post Hurricane Frederic frenzy where gulf front property values jumped from $1,000/front foot to $10,000/front foot within a couple years, then plummeted down to $2,500/front foot a few years later during the Savings and Loan, turned to Resolution Trust Corporation auction crisis back in the late 1980’s.
The market turned hot again for several years prior to Katrina (remember the days everyone was flipping?) to today’s ailing market.
Those investors who were lucky or wise enough to purchase properties during the last down cycle did very well financially! I’m sure the same will be said for today’s buyers within a couple years.
If the property is listed with a real estate broker and associated with either the Baldwin County, Alabama Association of Realtors, or Pensacola, Florida Association of Realtor’s MLS (Multiple Listing Service) database, I shall include the “MLS #” into the Top-10 list.
In order to obtain additional information, copy and paste the MLS# into the corresponding public MLS# database link. The Baldwin MLS site mandates that the “pop-up Blockers” be temporally removed. Please note that these 2 public MLS databases are limited as to how much information is available.
For more information, please contact me so I may forward to you listing data from the controlled professional database.The chronological order does not indicate any preference.
Top-10
Pensacola, Florida Association of Realtors public MLS:
http://www.pensacolamls.com/(xx0ye024bazo2d450pkf5u45)/propertySearch.aspx
1. MLS# 371028 / Perdido Key / Perdido Sun Condo / 1BR-1.5BA / 820 sq. ft. / gulf front / list price $169,000
2. MLS# 353896 / Perdido Key / Ocean Breeze Condo / 2BR-2BA / 967sq. ft. / gulf front / list price $259,000
3.MLS# 341115 / Perdido Key / ocean Breeze Condo / 3BR-2BA / 1,344 sq. ft. / gulf front / list price $385,000
Baldwin County, Alabama Association of Realtors public MLS:
http://baldwinmls.siteonestudio.com/(S(tghpyr455hubdzuwk4argn45))/search-res2.aspx?SiteNo=99999&SearchType=3
http://baldwinmls.siteonestudio.com/(S(tghpyr455hubdzuwk4argn45))/search-res2.aspx?SiteNo=99999&SearchType=3
4. MLS# 143955 / Orange Beach / Silver Beach condo / 2BR-2BA / 830 sq. ft. / gulf front / list price $255,000
5. MLS# 151030 / Orange Beach / Seaside Beach & Racquet Club Condo / 3BR-2BA / 1150 sq. ft. / gulf front / list price $329,900
6. MLS# 143696 / Gulf Shores / Gulf House Condo / 2BR-2BA / 936 sq. ft. / gulf front / list price $165,000
7. MLS# 150002 / Gulf Shores / Royal Palms Condo / 1BR-2BA / 973 sq. ft. / gulf front / list price $224,900
8. MLS# 144299 / Ft. Morgan / Gulf Shores Plantation Condo / 2BR-2BA / 785 sq. ft. / gulf front complex / list price $155,000
9. MLS# 148248 / Ft. Morgan / Gulf Front single family detached house / 4BR-3BA / 1,689 sq. ft. / list price $699,000
10. MLS# 114316 / Ft. Morgan / Mobile Bay Front single family detached house / 5BR-3.5BA / 2000 sq. ft. / list price $338,000.
5. MLS# 151030 / Orange Beach / Seaside Beach & Racquet Club Condo / 3BR-2BA / 1150 sq. ft. / gulf front / list price $329,900
6. MLS# 143696 / Gulf Shores / Gulf House Condo / 2BR-2BA / 936 sq. ft. / gulf front / list price $165,000
7. MLS# 150002 / Gulf Shores / Royal Palms Condo / 1BR-2BA / 973 sq. ft. / gulf front / list price $224,900
8. MLS# 144299 / Ft. Morgan / Gulf Shores Plantation Condo / 2BR-2BA / 785 sq. ft. / gulf front complex / list price $155,000
9. MLS# 148248 / Ft. Morgan / Gulf Front single family detached house / 4BR-3BA / 1,689 sq. ft. / list price $699,000
10. MLS# 114316 / Ft. Morgan / Mobile Bay Front single family detached house / 5BR-3.5BA / 2000 sq. ft. / list price $338,000.
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