November 2017

Found 2 blog entries for November 2017.

In our market, if a buyer desires a gulf front, 4 bedroom, rent-restricted condo then you'll be spending your time in Perdido Key FL. A rent-restricted condo is a tower that which restricts the minimum days of rental. For example, the minimal rental period for a great amount of these units is 30 days. Therefore, if you desire to rent, you'll have to pick up the tab for at least 30 days. Perdido Key attracts a lot of buyers who do not desire vacation rental income.

These 4 bedroom condos in Perdido Key FL are mostly 2,000 sf+ and have 4 or more bathrooms. Additionally, the majority of these residences are "low density", meaning the footprint is small and offer limited amenities.

For strictly a primary or secondary home, I love Perdido Key FL and it

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Orange Beach Sales Analysis:

The above graph represents the average sales history of direct gulf view 2 bedroom condos from 2010 to current.

I find it really interesting the price consistency since 2010 with the exception of 2014 to 2015 revealing a ~$26,500 jump in average price! My personal opinion of price next year is a jump much like in 2014-2015 because of the low inventory environment we're currently in. I expect fewer sales but at much higher prices.

These are the current statistics of active listings in Orange Beach AL:

The average price per square foot is $363.00 for the current active listings. Since most of our market is 1,000 sf condominiums, prices should be moving towards $400,000+ next year. Already, you notice above

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