According to CoreLogic, home prices rose 3.3% statewide compared to 2012. This trend continued across the state with a few exceptions during the month of September. Prices fell in Mobile along with four other metro areas that include Tuscaloosa, Huntsville, Aurburn-Opelika and Dothan.
Distressed sales and foreclosures are dragging prices down in these areas, with the exception of Aurburn. In Mobile, Huntsville, Tuscaloosa and Dothan home prices would have increased if these short sales and foreclosures would have been excluded from the analysis.
According to Grayson Glaze, the executive director of the Alabama Center for Real Estate, he is optimistic regarding the home prices. He states “overall fundamentals in that market remain resilient,” with the state’s unemployment rates remaining low.
Alabama’s 3.3% increase in home prices ranked 38th increased in ranking compared to other states throughout all of 2013. See the September home price comparison for the month of September for the various Alabama areas below.
NOT INCLUDED ARE GULF SHORES & ORANGE BEACH AL (SCROLL DOWN FOR INVESTMENT NUMBERS.
Like most states, Alabama is diverse. Up North it's white Christmas and snow skiing and down South, it's beaches and jet skiing. One might say Alabama has a little bit for every one.
One of the lesser known areas of Alabama is the sugar-white sand beaches and Emerald green waters of the Gulf of Mexico. The cities of Gulf Shores and Orange Beach make up the zip codes for Alabama's beaches, but there are areas affectionately know after a landmark or bay in Gulf Shores such as: Fort Morgan and West Beach and Bear Point and Terry Cove in Orange Beach, AL.
Fort Morgan is the peninsula that shoots out in to the Gulf of Mexico. The Fort Morgan peninsula is home to a variety of condominiums such as the Beach Club, Gulf Shores Plantation, the Dunes are some of the condos for sale on the gulf. Fort Morgan condos on Mobile Bay include the Rookery and Navy Cove. Fort Morgan is also home to a couple of the nicest golf courses in the area in Kiva Dunes and Peninsula Golf & Racquet Club. Kiva Dunes is 18 championship holes on the Gulf of Mexico and Peninsula features 27 championship holes on Mobile Bay.
Orange Beach is very similar to it's neighbor, but offers much easier access to the Gulf of Mexico and the deep sea fishing, diving, boating and other activities that come with. A couple of the more popular area's of Orange Beach are Ono Island, Bear Point and Terry Cove. Ono Island is a very large island that runs parallel to the beach. Terry Cove and Ono Island are both very close to the gulf and offer easy access.
The beaches are truly beautiful in Alabama and this may be one of the few instances where you hear "stereotyping is alright". "All of the beaches in Alabama are the same; beautiful. Alabama only has 22 miles of coastline and the majority is protected nature preserves. These great area's are home to a thriving ecosystem and makes for a wildly peaceful, serene place to go about your day.