Turquoise Place Monthly Market
Coastal Real Estate In The New Year 2017
Dated: June 1 2017
Its 2017 and all indications are pointing towards another great year for coastal real estate in south Alabama and the Florida Panhandle. The election is out of the way, the stock market is in rally mode, interest rates remain at attractive levels, and there has already been an uptick in real estate activity along the coast.
There are several new condo projects that are grabbing the attention of both homeowners and investors. Construction is under way on Phoenix Gulf Shores, Phoenix Orange Beach, and Vista Del Mar in Perdido Key. Phoenix Gulf Shores is sold out, Phoenix Orange Beach has 23 remaining units available, and Vista Del Mar has only three of its 64 units that remain available. Vista Del Mar offers unparalleled access and views of Johnson Beach, which is a part of the protected Gulf Islands National Seashore and spans approximately six miles in length with frontage on both the Gulf of Mexico and Big Lagoon. Sales at Transcendence Condo, slated to be the premier condominium in Orange Beach, are gaining traction with a total of twenty-five that have received pre-construction reservations.
It won’t be long before spring is rounding the corner and we get into the full swing of the coastal real estate sales season. As the weather starts to warm up, demand and pricing typically begin to increase as well. The months between January and April offer a great time to shop for your next coastal property as many units don’t have renters and are available to be viewed during these months. Please be sure to contact me if I can be of any service to you during this New Year that is upon us!
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As an Orange Beach homeowner and resident, Lance enjoys living the Gulf Coast lifestyle and is passionate about sharing it with others. He helps his valued clients achieve wealth creation and personal....