Mandoki Realty’s Annual Real Estate Summary is a compilation of data collected throughout the year on local and area sales. The Summary provides an overview of real estate activity during 2011. Part I compares area sales to sales at the Plantation. Part II breaks down sales at the Plantation by unit location and type.
This data is from the Baldwin County MLS and represents sales of Gulf-front or beachside condominiums, i.e. unit types at Gulf Shores Plantation, for 2010 and 2011.
It is for the same market, from the same MLS for both years, so changes from one year to the next are changes which are reasonably valid representations of market changes.
It includes sales for all area complexes, regardless of age, amenities and construction, and for all unit types, floor plans, number of bedrooms and baths, and square footage.
• Gulf Shores Plantation saw a pricing increase over 2010
• The three major markets saw decreases, with the Fort Morgan market experiencing the sharpest decline
These factors, combined with a drop in the number of sales at the Plantation, suggest the following :
• Beachfront Fort Morgan complexes (Beach Club, Indies, etc.) were the main source for pricing drops
• Pricing at the Plantation has leveled off and could be recovering. The drop in sales may be due to the lack of inventory; only 35—40 units were for sale at any time during 2011.
Joe Savage of Mandoki Realty brokered 15 of the 31 sales in the condos here at Plantation in 2011, almost 3 times more than the next-best performing agent brokering sales at Plantation.
We know, show and SELL our Plantation listings better than any other brokerage on the island. So, if you want to sell your Plantation property as quickly as possible, and at its highest price, COME to the brokerage that’s at the Plantation…Mandoki Realty.
We are pleased to announce that Lee Kramer has been named Director of Marketing for Mandoki Hospitality Inc.