There is definately a lot of inventory on the market. Lots of new properties are still sitting empty. The cost to build has just not gotten as low as the market price just yet. However, we are beginning to see things move. It must be priced at the bottom plus have all the bells and whistles. No storms and lower insurance rates will definately help our market.
Karen Harrison, Remax of Orange Beach

Our phones at coldwell banker south shore are have rang off the hook looks like were comeing back. Theres Deals all over orange beach & gulf shores al. Buyers are out there if the price is right .

Hello Bob,

I prefer being optimistic, but that's no excuse for burying our heads in the sand and ignoring reality.

As you have observed, the Gulf Shores area is most definitely suffering through a "glut" of inventory. The market is the worst it has been in over 20 years. Signs of life? A death shiver everytime another property is foreclosed and auctioned off for 50 cents on the 2005 dollar.

On the bright side, it's a fine market for bargain-hunters with money to invest in great properties. Sellers will have to be realistic and not ride the market down into bankruptcy.

If you have new inventory coming online, you will have to offer some very aggressive pricing, as well as other incentives to get any lookers, much less buyers. You might consider advertising your townhouse properties as a whole to multi-family investors.

If you have any means to hold on to your property for a couple of years, the market will eventually turn around and take off like a rocket again. It's just a matter of time, but who knows when!

All the best,

Dan

Gulf Shores Seems like it is heading in the right direction. The wharf is a great shopping/living area that is sure to attract a lot of attention in years to come. I agree with Ian, the more time these areas put between the storms, the better these areas look for Buyers/ Investors to consider them. My company deals with a project of Condo Conversions in the Gulf Shores Area, with the Go Zone Tax Break, it has been a very attractive project for our investors. Having the rental history's are great, having a guaranteed lease would make it an optimum choice for an investor. Contact me and I will show you how that can be arranged. If you check the site below, you can look at a project in Gulf Shores, it is the Colony Club.

Good Luck
Ken Herrera
Century 21 Infinity

The newly constructed, especially if they meet or exxceed the Florida code are selling well along the Gulf Coast, from Louisiana to Alabama