Gulf Shores Real Estate Sales

The Alabama Gulf Coast is a 32-mile stretch of sugar-white sand beaches. Currently there are a lot of condos for sale in Orange Beach and Gulf Shores. The market suffered slow sales after hurricane Katrina like everywhere else. Property ceased to sell and the number of condos for sale in Gulf Shores and Orange Beach rose causing a decrease in value. Although, in the last quarter of 2007 we saw more gulf shores condominiums sell than all of the previouse 3 quarters combined. Considering this happened in the off-season, it's a great sign of a good year to come.

The Alabama Gulf Coast is a 1st class resort vacation area that offers championship golf, deep sea fishing, boating, water sports, amusement & water parks, a zoo, fresh gulf seafood restaurants, numerous nightclubs, plenty of shopping and the many historical parks and nature preserves, make it one of the finest resort areas on the Gulf Coast. There are over 10,000 condo units in the Gulf Shores, Orange Beach and Fort Morgan areas. A higher than usual percentage of condos for sale in Gulf Shores is fueling the buyer's market investors are currently enjoying.

Condominium Investing

Gulf Coast vacation condo investing has been very popular because of their appreciation in value due to the area's rapid growth and the need for vacation rentals. (The chart below expresses the growth percentage for the last decade.)

There are many Gulf Shores condominiums for sale now, but they started to sell early in this summer. Two condos in Orange Beach and Gulf Shores are currently under construction and go zone compatible, Turquoise Place and Phoenix West. The cost of buying a pre construction condo on the gulf has become much higher than buying a comparable unit that's already built. The cost per square foot for pre construction is alomost double that of existing property. Orange Beach and Gulf Shores have both recently seen a diverse group of property open it's doors.

The Hangout and the Wharf with its ampitheatre are the newest to bring vacationers to Orange Beach and Gulf Shores. As a "drive to" destination, the Alabama Gulf Shores / Orange Beach area saw an increase in visitors, in 2007. More and more people want to vacation in a water front condo on or near the beach, and that demand is driving Gulf Shores - Orange Beach real estate sales and condo development. For information on Gulf Shores condos for sale or Orange Beach condos for sale not listed in this site, please call or email me.

Condo Investment

The ever-increasing need for more accommodations was filled by developing the beaches, which presented an appealing investment opportunity. Many investors strayed from the stock market and turned back to real estate investing; the Gulf Coast condo market is a prime example. Condo investors receive their ROI through two streams, rental income and appreciation. These two factors have added to the attractiveness of condos for sale in Gulf Shores, Orange Beach and Perdido Key Low interest rates and the growth in annual visitors is adding to the appeal also. In short, Gulf Shores real estate investing is a great alternative to the stock market.

Many people share a common misconception that owning a condo at the beach is financially strenuous. Even though hurricane Katrina did not physically harm any Gulf Shores real estate, the aftermath slowed the real estate economy down to a standstill. Prior to the storm, owning a Gulf front condominium was a lot more expensive. Prior to Katrina, the price per square foot was over $600. The prices have since dropped to approximately $300 per square foot and the rentals are as high as they have ever been. Now it's as easy as it will probably ever be to own your place at the beach.

I'm here to show you that through Gulf Shores or Orange Beach condo investing, you can make that dream a reality at virtually no monthly out of pocket expense. There are currently several orange beach condos for sale that are still in the pre cosntruction phase. Turquoise Place and Phoenix West are both in different phases of construction and offer different opportunities and amenities for interested buyers. Please look through the basic information I have provided and contact me with any questions you may have.

I have sections in this site to help determine if it's feasible for you to own a condominium in Gulf Shores, Orange Beach, Fort Morgan or Perdido Key, FL. Everything you need to know is here in this site. I'm also available 7 days a week to answer any of your questions.