Despite a very cold winter, I am happy to report that 2013 was a great year for our beautiful island! The local business community is enjoying yet another year of record sales as more and more people discover our beautiful Gulf Coast.
Meyer Real Estate and other management companies reporting 10% + growth in rental income for the 3rd year in a row
REMAX Sales increased 40% in 2013
Average buyer spending $350,000 vs $250,000 in 2012
Average property appreciation was 3% vs 2.6% in 2012 – Some developments are seeing much higher appreciation
New Construction is popping up all over the Island in the form of Single Family Beach Homes, Condo Developments, Restaurants and Shops
Record Sales to Permanent Residents 30% Increase!
JUNONIA - New Luxury Condo Development in Orange Beach announces pre-construction pricing starting at $575,000 - 50% SOLD OUT!!!
Great New Restaurants
Many NEW upscale restaurants have opened in the community – I highly recommend you check these out next time you visit; just to name a few:
Toby Keith’s Bar and Grill
Louisiana Pantry – The Wharf
Cayman Grill – Canal Road, (Owner Larry Wireman of Caribe and Turquoisefame)
First Class All the Way!!!
Southern Grind Coffee House – Super Place! The Wharf
If you are thinking of selling or buying please give me a call. We value your friendship and look forward to another opportunity to provide you excellent service and honest, accurate information. If you have friends or family that are considering a real estate investment – tell them this is the year!
Our beautiful beaches continue to attract new visitors each year. Prices continue to go up and interest rates are predicted to reach 5% (+) this year. Typically a slight hike in the interest rate will help increase sales as “fence sitters” will finally see the economy is improving and change is coming! Come on, 5% is still a really good rate…….
We Sincerely Wish You and Your Family a Very Happy and Healthy New Year with Lots of Sand Between Your Toes!!!
Please contact Lorraine Gatti at 251-233-9790 for more information about real estate in Orange Beach, Gulf Shores and the surrounding Gulf Coast area.