Chad Mitchell

Gulf Shores And Orange Beach Condo sales

The beach market is showing signs of leveling off. There are still some great deals on condos but they are being picked up quickly. Sales for gulf front condos in Orange Beach, Gulf Shores, and Ft. Morgan are up over last year so the time to buy is now. Feel free to search listings on our web site at www.seamitchell.com and let us know how we can help you.

Sea you soon,
Chad


Up Coming Events:

Vacation-Home Sales Make a Surprise Comeback

Published: Wednesday, 31 Mar 2010 | 4:49 PM ET Text Size By: CNBC.com

The housing slump may be far from over, but vacation homes are suddenly hot again.

Vacation-home sales rose 7.9 percent in 2009 from a year earlier, to 553,000 units, according to the National Association of Realtors (NAR) in its 2010 Investment and Vacation Home Buyers Survey.

Andy Truello

"It's a lessening of the fear factor," NAR spokesman Walter Molony said. "After three years of decline, we saw the activity picking up for the first time in November."

Most people are buying vacation property for personal use, not as an investment. Investment sales actually plunged 15.9 percent last year, to 940,000.

"The typical vacation-home buyer is making a lifestyle choice, with nine out of 10 saying they intend to use the property for vacations or as a family retreat," NAR Chief Economist Lawrence Yun said, according to a press release.

Much of the buying was by people in their 30s and 40s who were earning more income. The typical vacation-home buyer in 2009 was 46 years old and had a median household income of $87,500.

Retirement plans may also be a factor. Some 26 percent of vacation-home buyers intend to use the property as a primary residence in the future.

The median transaction price of a vacation home was $169,000 in 2009, compared with $150,000 in 2008.

"The higher vacation home price may reflect increased sales in higher priced markets, particularly in areas of Florida and California where prices became highly attractive for buyers over the past year," Yun said.

Half of vacation homes purchased last year were in the South, 21 percent in the West, 17 percent in the Midwest and 12 percent in the Northeast. Seven out of 10 were detached single-family homes.

Vacation-home buyers plan to keep their property for a median of 16 years while investment buyers plan to hold their property for a median of 12 years.

Great Artical... and if you need any information on Gulf Shores or Orange Beach Alabama Condos let us know.

seamitchell.com

Orange Beach/Gulf Shores auction with 30 condos to sell at absolute auction on July 25th. Seamitchell Team can help you with questions and details. The complex is designed with families in mind, owners may choose three bedroom units that sleep up to 10, two bedrooms that accommodate up to six and single bedroom units that sleep four. Owners can look forward to an array of private amenities, including a beach side gazebo, boardwalk, indoor and outdoor pools and fitness room complete with sauna, steam room and spa. For photos of the resort amenities we can provide both indoor and outdoor pools, a hot tub, fitness center, sauna and steam room, an indoor activity area, a water playground and barbeque grills, and The Shores' treasured Landmark Gazebo. The solid concrete construction is designed to sustain minimal damage in the event of a hurricane. Call Today for auction units offered from the developer. Contact us to sign up and for additional information. e-mail us at www.seamitchell@seamitchell.com or visit our web site www.seamitchell.com

More Details Click Below:

http://seamitchell1.vflyer.com/home/flyer/home/2570117

Escapes to The Shores, Orange Beach Auction

30 Condos to sell at absolute auction.

Orange Beach/Gulf Shores auction with 30 condos to sell at absolute auction. Seamitchell Team can help you with questions and details. The complex is designed with families in mind, owners may choose three bedroom units that sleep up to 10, two bedrooms that accommodate up to six and single bedroom units that sleep four. Owners can look forward to an array of private amenities, including a beach side gazebo, boardwalk, indoor and outdoor pools and fitness room complete with sauna, steam room and spa. For photos of the resort amenities we can provide both indoor and outdoor pools, a hot tub, fitness center, sauna and steam room, an indoor activity area, a water playground and barbeque grills, and The Shores' treasured Landmark Gazebo. The solid concrete construction is designed to sustain minimal damage in the event of a hurricane. Call Today for auction units offered from the developer. Contact us to sign up and for additional information. e-mail us at www.seamitchell@seamitchell.com or visit our web site at www.seamitchell.com

http://seamitchell1.vflyer.com/home/flyer/home/2570117

Gulf Shores Condos and Orange Beach Condos in foreclosure are selling quick. I have had some luck getting great deals but these condos go quick. With this being a second home market we are not seeing the number of foreclosures you would see in metro areas so when they hit you need to be ready to sign. I have had properties we had written offers on the same day the unit was posted and it had already had multiple offers comming in. Well what do you expect Orange Beacch and Gulf Shores I think are the best places to be on the gulf coast. We can do the shopping for you and would be happy to send information.

Sea you soon!

Seamitchell