Orange Beach/ Gulf Shores Sales Market Update

Orange Beach, Gulf Shores & Perdido Key Condo and Home Sales


Good Morning.... 


We mentioned in our last update that 2 new developments have been proposed in Orange Beach. Well we found out the other day that Junonia (proposed about a year ago) will NOT be built. Despite reserving a large number of condos and having all the building plans in place, they did not start construction "on time" and have lost the option on the land from the bank.
More information is below about the 2 new condos, Ascension and Grace. 
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Orange Beach, Gulf Shores, Fort Morgan and Perdido Key HOME sales November
(26 listings)
  Low High Average Median Total
List Price $140,000 $1,750,000 $362,373 $274,950 $9,421,695
Selling Price $140,000 $1,600,000 $336,452 $264,625 $8,747,750
Sold/List(%) 77.04% 100.99% 94.54% 95.72% --
Price/SqFt ($) $87.10 $303.15 $150.70 $137.50 --
Days on Market 29 563 209 189 --
 
                      Click Here for detailed information on these closings.
 
Orange Beach, Gulf Shores, Fort Morgan and Perdido Key CONDO sales November
(93 listings)
  Low High Average Median Total
List Price $80,000 $1,100,000 $326,503 $275,000 $30,364,800
Selling Price $77,500 $990,000 $311,727 $264,000 $28,990,600
Sold/List(%) 64.16% 101.63% 95.47% 95.91% --
Price/SqFt ($) $57.35 $408.52 $216.77 $220.80 --
Days on Market 1 946 191 122 --
 
                            Click here for details about these sales.

New Listings OB/GS

We update our new listings at least twice a day. Don't miss finding your dream home! To stay up to date on exactly what is coming onto the market, visit our website.  If you are searching for property, set up an account and save a search or you can call us and we can run a search for you.  

Gulf Beach Rentals

We have lots of fall availability (including long term and short term rentals) and are offering great discounts for fall travel. Book three nights and choose early check in or late check out for free or book four nights and get a 5th night free! Call Emily at 251.500.0596 to book. Just mention that you saw a deal on Mail Chimp and I will make sure you get a deal. I also still have condos available for snowbirds!

Orange Beach Pre-Construction 

City council will meet on November 8th to determine the future of these giants. Grace and Ascension are rumored to already have silent approval from the council. Let's keep our fingers crossed!

You REALLY need a Realtor

Three times this year I have gotten a phone call asking for my advice on a sale or rental. One was a fake VRBO listing, two were Trulia/Zillow "duplicates." Each time, I determined that the people who called me were about to be taken advantage of. It is imperative that you use a Realtor if you are looking to buy, sell or RENT. We have the information and skills to sniff out a scam. 

New on Perdido Key

Perdido Key (Perdido means lost in Spanish) offers a huge variety of high rise and low rise buildings and homes that range in age, style, amenities, and price.  Some even offer beach andboat access. If you are intersted in Pensacola Beach, let us know and we will customize a search for you!

Tis the Season 

Coastal Living is one of our favorite reads when looking for decorating ideas, fun things to explore and a splash of coastal news. Here is the "Coastal Christmas" collection for your pleasure. Even if you don't live at the beach, you can still add some of these charming elements to your decor.
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Turquoise Place Sales YTD

Statistics
(46 listings)
  Low High Average Median Total
List Price $850,000 $2,190,000 $1,127,430 $1,015,000 $51,861,800
Selling Price $835,000 $2,190,000 $1,121,674 $1,015,000 $51,597,000
Sold/List(%) 93.74% 100.00% 99.45% 100.00% --
Price/SqFt ($) $362.89 $625.00 $447.62 $439.00 --
Days on Market 1 505 90 51 --
 

To view current listings at Turquoise Place, please click here

Phoenix West 2 Sales YTD

Statistics
(138 listings)
  Low High Average Median Total
List Price $300,000 $1,100,000 $618,720 $557,500 $85,383,400
Selling Price $300,000 $990,000 $613,743 $557,500 $84,696,500
Sold/List(%) 90.00% 100.00% 99.29% 100.00% --
Price/SqFt ($) $114.44 $436.67 $293.13 $280.50 --
Days on Market 2 239 17 2 --
 

To view current units available at Phoenix West 2, please click here

Copyright © 2015 SeaMitchell Realty and Gulf Beach Rentals, All rights reserved.


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