Thursday, November 17, 2011
Why Setting a Price Too High is as Bad as Setting it Too Low
Wednesday, July 20, 2011
Mandoki Real Estate Newsletter July 2011
Here is a snapshot of the Gulf-front/beachside condos currently for sale in Gulf Shores (GS), Fort Morgan (FM), Orange Beach (OB) and here at Gulf Shores Plantation (GSP):
| Units for Sale | Units Under Contract or Pending (UCP) | % UCP |
Gulf Shores | 229 | 23 | 10.04% |
Fort Morgan | 107 | 13 | 12.15% |
Orange Beach | 371 | 34 | 9.16% |
Gulf Shores Plantation | 43 | 7 | 13.28% |
The general year-to-year trend seems to show a slight price recovery at the
# of Units Sold by Year and Area | | |||
| Jan-June 08 | Jan-June 09 | Jan-June 10 | Jan-June 11 |
GS | 76 | 128 | 129 | 90 |
FM | 56 | 32 | 42 | 55 |
| 102 | 108 | 133 | 162 |
GSP | 29 | 9 | 20 | 17 |
# of Units Sold by Year and Area | | |||
| Jan-June 08 | Jan-June 09 | Jan-June 10 | Jan-June 11 |
GS | 76 | 128 | 129 | 90 |
FM | 56 | 32 | 42 | 55 |
| 102 | 108 | 133 | 162 |
GSP | 29 | 9 | 20 | 17 |
This data comes from the Baldwin County MLS and represents sales of Gulf-front or beachside condos in the four markets for the period of January 1 thru June 30 for years 2008 through 2011.
The following graph shows how the four markets interact. Keep in mind that the data is a composite of condos of varying sizes, construction types and age, but they are all Gulf-front or beachside units. This data is useful in comparing each market to itself on a year-to-year basis, but not necessarily in comparing one market to another.
The bar graphs are the number of units sold in each of the four markets for the first six months of 2008 to 2011 (# Units Sold on the left side of the chart). The line graphs are the median price per square foot in each market for the same period (Median Price in $ per Square Foot on the right side of the chart).
The chart shows that Gulf Shores Plantation and
It looks like
In
Sales inventory at the
Finally, a mid-year performance report for those of you considering listing your property for sale in the near future. Almost half (43%) of the 75 sales across the
Wishing you all a great Summer!