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September resales were up 5.5% according to those who purport to know these things. Sales prices decreased 9%. Good. Bad. or Ugly? the lower sales prices do result in more sales, reducing the inventory, which, on the face of it would seem to indicate a better market. In my area, the Alabama-Northwest Florida Gulf coast is holding its own. There is even new construction going on! The lenders here have money to lend, although you would not know that when you listen to news reports, rates continue to be historically low-you just have to have the means to repay a loan and be able to prove that to the lenders. Anyone with a little cash can pick up some real bargains, and not all of those are foreclosures. Gulf front properties are beginning to cash flow again, with their list prices nearing pre-crazy prices. I attended a ground breaking ceremony yesterday for a much needed convention center, which will seat 1800 people for “white table” dinning. Scheduled to be ready June ‘09. This will mean more people here during the “off season” resulting in increased rental income for those taking advantage of the current low prices.
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• 1,315 sq. ft., 2 bath, 3 bdrm single story -  MLS® $175,000 - NEW HOME OLD NEIGHBORHOOD Golf Club Estates, Gulf Shores - GREAT 3 YEAR OLD 3/2 BRICK HOME IN ESTABLISHED NEIGHBORHOOD WITH OLD GROWTH AZALEAS AND OAKS. VERY PRIVATE, LARGE PARTIALLY FENCED BACK YARD. THIS HOME IS PERFECT FOR YOUNG FAMILY. HOME IS NEAR THE GULF, THE WHARF GOLF COURSE, PUBLIC BOAT RAMP, DINING, SHOPPING, TENNIS, PUBLIC PARK, COMMUNITY CENTER, BIKE AND WALK PATHS. AGENT OWNED Property information
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Great building lot
• lot / land - MLS® $107,500 - $40,000 below appraisal Surfside Shores, Fort Morgan - ONE OF LOWEST PRICED BUILDING LOT IN SECLUDED SURFSIDE SHORES; A BEACH SIDE SUBDIVISION IN FORT MORGAN. PRICED $40,000 BELOW 2007 APPRAISED VALUE. NO BEACH MOUSE PERMIT REQUIRED. CLOSE TO ALL THE ACTIVITIES OF RESORT LIVING SUCH AS FINE DINING, FISHING, SAILING, WITH CASUAL BEACH DINING, GOLF, MARINA, BAY ACCESS, BEACH ACCESS, AND WILDERNESS AREA. Property information
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Least expensive near Beach
• 2 bath, 2 bdrm manufactured home "Great Condition" - MLS® $100,000 - Snow Bird Delight East Orange Beach, Orange Beach Property information
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READY TO CLEAR AND BUILD
• lot / land - MLS® $47,500 - BUILDING LOT NEAR RIVER Bon Secour, Foley - Great building lot. Your dream home built to your specifications for as little as $60.00 a square foot. Your plans or builder pland, boundry survey in file, property has some trees. Building footprint 55x110. Property information
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AFFORDABLE GULF FRONT UNIT
• 1,450 sq. ft., 2 bath, 2 bdrm single story "GROUND FLOOR UNIT" - MLS® $475,000 - BEST BUY IN GULF FRONT Fort Morgan, Gulf Shores - VALUE ADDED UNIT--FRESH PAINT, NEW CARPET, AND UPDATED KITCHEN WITH UNDER COUNTER WINE COOLER, GRANITE COUNTER TOPS, NEW ICB APPROVED WINDOWS AND DOORS, LARGE GROUND FLOOR PATIO WITH GULF VIEW. WOOD BLINDS, FLAT SCREEN TV, WI/FI-- COMPARE TO OTHER 2/2 UNITS IN SAME STACK AT $549K AND $725K--SELLER MOTIVATED---THIS COMPLEX IS LOCATED NEAR THE TEN MILE MARKER IN FORT MORGAN. THERE IS A PUBLIC BOAT RAMP CLOSE BY, AND AT THE END OF THE ROAD IS THE NEW GULF SHORES MARINA AND TACKY JACKS 2. THERE IS GOLF, WILDERNESS AREA, NATURE TRAILS, CHARTER FISHING, GULF AND BAY FISHING. Property information
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Build and view the Gulf
• lot / land
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MLS®
$326,500
- Great Corner Lot
Fort Morgan, Gulf Shores
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CORNER BUILDING LOT IN SECLUDED AND QUIET SURFSIDE SHORES IN FORT MORGAN, YET CLOSE TO ALL THE ACTIVITIES OF RESORT LIVING. THERE IS FINE DINING, CASUAL BEACH DINING, GOLF, MARINA, BAY ACCESS, CLOSE DEEDED BEACH ACCESS, AND WILDERNESS AREA. UNOBSTRUCTED VIEW OF THE GULF WHIT CONSTRUCTION OF RAISED BEACH COTTAGE. DEED INCLUDES A 1/117TH INTEREST IN GULF FRONT LOT FOR ACCESS TO BEACH.
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CLEAR, BUILD, RELAX
• lot / land
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MLS®
$137,500
- GREAT PRICE NEAR WATER
East Orange Beach, Orange Beach
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WOODED LOT CLOSE TO CANAL ROAD IN EAST ORANGE BEACH. MINUTES TO THE GULF, THE WHARF, GOLF, FISHING, FINE DINING AS WELL AS JUST PLAIN GOOD FOOD. COMMUNITY OFFERS PRIVATE BOAT RAMP, FISHING PIER, WATERSIDE PARKS,
Property information
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