Friday, September 16, 2011
This is the life! $499,000 on the water
Adorable waterfront home, with large lot sitting directly on Wolf Bay,Boat dock, 2 lg porches overlooking the bay, 1 bedroom down with additional sitting room, 2 bedrooms on 2nd floor. Huge master closet, master bath with garden tub, and his and hers vanity's.Large open kitchen and living space with numerous windows overlooking bay, 2 stall garage with 1 bed 1 bath apt above, great$$! The home next door is listed at almost double the price...
Legendary SEC Coaches share the Love!
With the 2011 Football season kicking off just a few short weeks ago, some former SEC Coaches paid a visit to our beautiful beaches here in Gulf Shores and Orange Beach. As part of an advertising campaign partnership with the SEC and Gulf Shores & Orange Beach a series of 30 second spots have been released and are played during Saturday College game time.
As citizens of this area we know what a gem we have right beneath our toes, and with the new release of these commercials it is our community's hope that others will venture down to learn what a great place this is for families and vacationer's the like.
Take a moment to enjoy the 30 second spots that I've linked below. If these don't bring a smile to your face, I don't know what will! Roll Tide!
As citizens of this area we know what a gem we have right beneath our toes, and with the new release of these commercials it is our community's hope that others will venture down to learn what a great place this is for families and vacationer's the like.
Take a moment to enjoy the 30 second spots that I've linked below. If these don't bring a smile to your face, I don't know what will! Roll Tide!
Monday, September 12, 2011
Alabama Center for Real Estate 2011 Report
I have decided to repost this information that was blogged on al.com in the real estate section. This is the same information that we walked away with last week at our monthly RE/MAX of Gulf Shores sales meeting. It's nice to see that it's being reiterrated here as well.
-Kristy
www.kristydoggett.net
"2011 (Baldwin County)
- Closed Volume 1/1/11 - 8/31/11: $1,241,637,662
- # of Transactions 1/1/11 - 8/31/11: 6,188
- Closed Volume 6/1/11 - 8/31/11: $507,172,014
- # of Transactions 6/1/11 - 8/31/11: 2,448
- Closed Volume 1/1/10 - 8/31/10: $998,789,328
- # of Transactions 1/1/10 - 8/31/10: 4,962
- Closed Volume 6/1/10 - 8/31/10: $356,369,438
- # of Transactions 6/1/10 - 8/31/10: 1,776
- The # of Transactions increased by 1,226 transactions YTD, which is a year over year increase of 24.71%.
- The # of Transactions increased by 672 transactions during June through August, which is a year over year increase of 37.8%.
- The Closed Volume increased by $242,848,334 YTD, which is a 24.31% year over year increase.
- The Closed Volume during the summer months increased by $150,802,576 during June through August, which is a 42.32% year over year increase.
The numbers above are a strong indicator that the inventory is getting consumed and as soon as all of the distressed inventory gets removed from the market prices will most definitely start back up again.
There are certain pockets that already exist where prices reached a bottom several months ago and have started ascending. No one can ever time the market perfectly (without just plain luck), and there is no doubt in our minds that if we haven't hit bottom we are close to it.
So where do you go from here? Find the deal that is right for you then be aggressive and go after it with a vengeance because opportunity is staring you in the face. Don't look back in 12 months with a lot of "would of, could of, and should of's" because even though it is going to take some time to get there we can assure you Baldwin County is poised for a strong comeback.
Nathan Cox, founder and president of Bellator Real Estate & Development, Inc. located in Baldwin County, Al, provided commentary for this article. Mr. Cox specializes in single family residential development and the management of numerous investment groups. He is currently a member of the ACRE Advisory Board of Trustees. "
Article Courtesy of the Press Register. Direct link to article: http://blog.al.com/acre/2011/09/real_estate_commentary_baldwin.html
Orange Beach Salute to 9-11
Orange Beach paid tribute to the tenth anniversary of the September 11th, attacks of 2001 yesterday by lining their beach with American Flags set at half mast. Beach go-ers enjoyed one of America's most beautiful beaches without overlooking what the day stood for.
The ten year anniversary of America's greatest tragedy was filled with documentaries, news stories, and look backs on that day's horrifying events. When the news of the attacks came across the airwaves, the lives of most Americans stood still for a moment, making a permanent imprint of that moment. Everyone who was old enough to remember that day will always remember exactly what it was they were doing at that moment.
What about you? Where were you? What were you doing at that moment?
Thank you Orange Beach for a beautiful tribute up and down our shoreline, all lives that were lost that day are never forgotten, and we will continue to memorialize you!
The ten year anniversary of America's greatest tragedy was filled with documentaries, news stories, and look backs on that day's horrifying events. When the news of the attacks came across the airwaves, the lives of most Americans stood still for a moment, making a permanent imprint of that moment. Everyone who was old enough to remember that day will always remember exactly what it was they were doing at that moment.
What about you? Where were you? What were you doing at that moment?
Thank you Orange Beach for a beautiful tribute up and down our shoreline, all lives that were lost that day are never forgotten, and we will continue to memorialize you!
Too Many Foreclosures to List?
With the national news constantly talking about the housing crisis, and the over saturation of foreclosures, it wouldn't surprise me if people were a little shy to list right now. Afterall, how could your condo possible compete? Well, if you own a gulf front condo here in Baldwin county, I'm here to let you know, our outlook is a bit different.
In fact, according to Baldwin County MLS today, there are only TWO gulf front condo foreclosures on the market. Two out of 637 active gulf front units. Anyone that is looking to buy a gulf front foreclosure, will soon see that they do not have many to choose from.
This time last year there were over 1700 listings in the beach areas of Orange Beach, Gulf Shores, Perdido Key and Fort Morgan. Today there are just over 1100. Basic economics priciples say this, when supply is down, demand is up.
Let's get your unit listed and priced right!
In fact, according to Baldwin County MLS today, there are only TWO gulf front condo foreclosures on the market. Two out of 637 active gulf front units. Anyone that is looking to buy a gulf front foreclosure, will soon see that they do not have many to choose from.
This time last year there were over 1700 listings in the beach areas of Orange Beach, Gulf Shores, Perdido Key and Fort Morgan. Today there are just over 1100. Basic economics priciples say this, when supply is down, demand is up.
Let's get your unit listed and priced right!
Thursday, September 8, 2011
Don't be Fooled...
The Fed's interest rate isn't the same as consumer interest rates...This morning at our monthly RE/MAX of Gulf Shores sales meeting, we had a representative from the newly formed National Bank of Commerce out of Birmingham come and introduce their bank to our Gulf Shores area. While she was at the meeting speaking with us, she had some great tidbits of information that many consumers may not quite understand.
She said that she has heard alot of her banking customers commment on the fact that the FED won't be raising interest rates for a minimum of two years. With this information she says that people seem confused. Alot of consumers think that this means that mortgage rates won't be elevated either. Contrary to this belief however, the FED rate has nothing to do with mortgage interest rates.
The FED rate is the rate inwhich banks lend money to eachother. This rate is said to be steady for now. Just because the banks aren't hiking rates on eachother, doesn't mean they won't hike rates on us, the consumer. In fact, a good day for the stock market normally means a bad day for mortgage rates and vice versa.
There is not a two year safety net on mortgage rates, so if you were thinking you still had time to make that purchase, think again, a good day on Wall Street may bring a quick end to those low low mortgage rates that we are seeing today.
In fact according to the sales and market data for our area, the dollars per square foot are now leveling out, which signals that we may have reached the bottom. Prices may not go any lower than they are today. Take advantage of this great time to pick up a piece of beautiful gulf coast property.
Let me know which property you'd like to see this weekend!
Kristy
251-747-2146
She said that she has heard alot of her banking customers commment on the fact that the FED won't be raising interest rates for a minimum of two years. With this information she says that people seem confused. Alot of consumers think that this means that mortgage rates won't be elevated either. Contrary to this belief however, the FED rate has nothing to do with mortgage interest rates.
The FED rate is the rate inwhich banks lend money to eachother. This rate is said to be steady for now. Just because the banks aren't hiking rates on eachother, doesn't mean they won't hike rates on us, the consumer. In fact, a good day for the stock market normally means a bad day for mortgage rates and vice versa.
There is not a two year safety net on mortgage rates, so if you were thinking you still had time to make that purchase, think again, a good day on Wall Street may bring a quick end to those low low mortgage rates that we are seeing today.
In fact according to the sales and market data for our area, the dollars per square foot are now leveling out, which signals that we may have reached the bottom. Prices may not go any lower than they are today. Take advantage of this great time to pick up a piece of beautiful gulf coast property.
Let me know which property you'd like to see this weekend!
Kristy
251-747-2146
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