Real Estate sales have been on a significant upswing in 2013. Our local beach communities including Gulf Shores & Orange Beach, AL and Perdido Key, FL have had a 3.1% increase in sales and neighboring Mobile, AL has seen a 4.7% increase. Nationally, prices has risen 12.6% when compared to May of last year. New construction is up 7.4% according to Mike Cranston of Re/Max in Orange Beach, AL. A contributing factor, according to Mike, is the considerable jump in prices of finished lots which is up 30 to 50 percent. People who owned larger homes are downsizing to smaller homes. The availability of foreclosed properties is down and now is a great time to buy considering the aforementioned areas (primarily a resort area) have not experienced large price
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