2013: A Record-Setting Year for Gulf Coast Real Estate
Posted by Lorraine Gatti on
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.
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%…
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