2013 in Gulf Coast sandDespite 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.

2013 Highlights

  • Meyer Real Estate and other management companies reporting 10% + growth in rental income for the 3rd year in a row
  • RE/MAX 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!!!

Gulf Shores beach

Great New Restaurants and Shops

Many NEW upscale restaurants and shops 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 - The Wharf
  • Louisiana Pantry – The Wharf
  • Cayman Grill – Canal Road in Orange Beach
  • Southern Grind Coffee House – Super Place! - The Wharf

If you are thinking of selling or buying, please give us a call. We value your friendship and look forward to another opportunity to provide you with excellent service and honest, accurate information. If you have friends or family 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 rates 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! 

Please contact us more information about real estate in Orange Beach, Gulf Shores and the surrounding Gulf Coast area.

Posted by Lorraine Gatti on


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