I hope this note finds you well and that you are seeing a bit of an upturn in your economic environment. It has been a while since we last sent you news from Alabama’s Gulf Coast and I would like to give you the news as I see it. There is a lot going on in our area.
I hope this note finds you well and that you are seeing a bit of an upturn in your economic environment. It has been a while since we last sent you news from Alabama’s Gulf Coast and I would like to give you the news as I see it. There is a lot going on in our area.
I hope this note finds you well and that you are seeing a bit of an upturn in your economic environment. It has been a while since we last sent you news from Alabama’s Gulf Coast and I would like to give you the news as I see it. There is a lot going on in our area.
This market has been down far too long. Since the surge in the market in 2003 – 2005, we have seen property values fall tremendously. We believe we have finally reached a bottom and we believe, had it not been for the oil spill in April of 2010, our recovery would be well ahead of where we are today. We are beginning to see a significant amount of activity from buyers both looking and writing offers. Price still rules and most are looking for the deal of a lifetime. However, closings seem to be good for both sides. These closings will inspire others and we believe, as we move into the summer, we are going to see an up-tick in property values. No one expects this to be dramatic or all at once but any and all improvements will be welcomed.
Over the last year, we have had a lot of people and equipment on our beaches. This process has looked less than efficient but our sugar white beaches in Fort Morgan, Gulf Shores & Orange Beach are cleaner than they have ever been. We continue to pray any future effects from the oil spill will be minimal.
We are very encouraged about what we are seeing in our market today. Although property sales have not been as strong as we would like, we believe 2011 is going to be a breakout year in real estate on the Coast. We would be very happy to discuss your property value with you should you have interest to do so. Much of the pricing of property today represents the motive of the seller more than the value of the property but that too is changing. If you will call or email us, we will be happy to address your specific property and give you our best valuation. If you are in need of maintenance help we have found a good group you may want to check out. We hope 2011 proves to be a great year for us all. We look forward to hearing from you.
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