For the past two weeks, things have been scrambling here at the real estate office. We’ve had two sales where there were multiple offers, one of which closed above its list price! There was only one sale in January and February, but then March exploded with six sales (with one closing on April 2) and Mandoki Realty has three more sales under contract or pending as I write.
There are only thirty-two condos and two duplexes listed for sale at the Plantation. That is all listings, not just Mandoki Realty listings. This is an unusually low inventory; Pedro Mandoki says he’s never seen this few units for sale in his time at the Plantation and he’s been here since 1986.
This should help prices, but it will be a step-by-step process because the past several years of “fire sales” have lulled the buying public into thinking that prices for shortsales and foreclosed units are the new norm. So, it will likely take a touch of buyeramnesia to get past this mindset.
Here is a breakdown of listings by complex:
• Plantation East—10 Two-Bedroom
• Plantation Dunes—1 Two-Bedroom, 2 Sunsuites
• Plantation West—6 Two-Bedroom, 1 Two-Bedroom/Loft, 1 Sunsuite, 1 Sunsuite/Loft
• Plantation Palms—2 One-Bedroom, 5 Two-Bedroom
• PUD—2 Duplexes
If you’re considering selling your unit, you might want to consider getting in listing it now, as there is very little competition out there compared to times past.
You can find no better brokerage to sell your Gulf Shores Plantation unit than the one right on property...Mandoki Realty! We can answer buyers’ questions and we can show your unit by just walking across the parking lot!
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