Gulf Shores Waterfront Type - Quick Search

Homes for sale on Oyster Bay

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Real Estate for sale in Gulf Shores has changed dramatically in the past couple of years.  All of the foreclosures have dried up and homes sales are again normal.  After Katrina demolished New Orleans, Gulf Shores was fine and the aftermath was a great surprise.  No one seemed to expect that the damage the storm did to economy.  The first noticeable change was insurance.  If you could find insurance close to the gulf, it was outrageously expensive.  Insurance went up almost 500 percent over the next year.
The next change was home values plummeted as a result of the insurance issues.  Home owners were defaulting everywhere and 1 year after Katrina, home values in Gulf Shores were half of what they were just 12 months prior.  Another side effect was that investors were walking away from contracts on new properties and leaving the banks with the mess to clean up.  Land developers in Gulf Shores and Orange Beach were devastated; many went bankrupt.  Foreclosed homes and condos were in record numbers in 2010 and 2011.
Well.....now the good news.  Most all of the foreclosures have been bought and sold and now, especially in the condo market, inventory is getting low and the next natural thing will be appreciation.  This means the beach and it's surrounding areas will again thrive and the future for Gulf Shores real estate looks great.


 

Gulf Shores, AL homes for sale is done by price and new listings on this page.  There are other ways on this site to search for homes for sale in Gulf Shores Alabama and surrounding areas.  You can search by geographic area using the map search or search including things like square footage, number of bathrooms and year built.  Click here for a Gulf Coast home search with more options.

 

Gulf Shores State Park & Pier

The data relating to real estate for sale on this website comes from the Baldwin County Association Of REALTORS®. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Listing information last updated on December 11th, 2019 at 5:45am CST.