Plantation News

Mandoki Hospitality: Tropical Storm Nate Update

Tropical Storm Nate Update – Friday, October 6, 2017

Dear Homeowners,

Mandoki Hospitality is continually monitoring information from local, state and federal agencies as Tropical Storm Nate enters the Gulf. The most recent update from the National Weather Service places Fort Morgan within the cone of probability of a Category 1 Hurricane. 

As a precautionary measure, we are removing balcony furniture and placing inside units. If you have guests in the unit, we are asking the guests to pull in the furniture on Saturday.

Currently, a mandatory evacuation has not been issued and is not expected. The Gulf Shores bridge onto the island will close if wind speeds exceed 45 MPH. If you have guests checking in on Saturday or Sunday, please keep that in mind.

The MHI staff has had significant first-hand experience with these storms and we’ve learned to make preparations early. Rest assured, we are here working for you. 

For the latest updates and advisories on the potential weather situation for Gulf Shores and the surrounding areas monitor local media outlets or the National Weather service at http://www.weather.gov/mob/.  

Sincerely,

Mandoki Hospitality, Inc.
805 Plantation Road
Gulf Shores, AL 36542
(251) 540-6000
www.GulfShoresPlantation.com

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Real Estate News

Real Estate News – August 2017

By Joe Mansolino
Mandoki Realty
Real Estate Lead Agent

THERE IS ONLY ONE! That’s right! There is only one condominium listed for sale at the writing of this column. We have had a very active summer with sales across the Gulf Shores Plantation. Mandoki Realty has been very busy – not just selling, but working with many guests throughout the summer to show properties for sale.

Mandoki Realty has sold 17 properties in the span of the last 63 days – four of them sold in five days or less. To be candid the one property listed is not our listing but we have a long list of potential buyers awaiting new listings.

In this issue of the Real Estate News you will see below the sales from January to June of this year compared to the same period in 2016.

 Together with the increase in real estate demand we have seen an ongoing rise in the selling prices of the condominiums. As you can see from the chart above, both the prices per square foot and sales prices increased approximately 13% and 9% respectively over 2016.We continue to be dedicated to offer real estate services to the owners of the Gulf Shores Plantation both for selling and purchasing properties at the Plantation and throughout all of Pleasure Island.

Property Location 2016
JAN-JUNE
2017
JAN-JUNE
% INCREASE/DECREASE
(Rounded to nearest %)
CONDOS SOLD – GULF SHORES 138 128 -7%
AVERAGE SELLING PRICE $305,141 $365,180 20%
AVERAGE PRICE PER SQUARE FOOT $293.98 $318.87 8%
CONDOS SOLD – FORT MORGAN 64 78 22%
AVERAGE SELLING PRICE $247,016 $257,780 4%
AVERAGE PRICE PER SQUARE FOOT $251.35 $263.42 5%
CONDOS SOLD – GS PLANTATION 34 40 18%
AVERAGE SELLING PRICE $165,019 $179,228 9%
AVERAGE PRICE PER SQUARE FOOT $209,13 $236.26 13%

Together with the increase in real estate demand we have seen an ongoing rise in the selling prices of the condominiums. As you can see from the chart above, both the prices per square foot and sales prices increased approximately 13% and 9% respectively over 2016.

We continue to be dedicated to offer real estate services to the owners of the Gulf Shores Plantation both for selling and purchasing properties at the Plantation and throughout all of Pleasure Island.

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