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Gulf Shores and Orange Beach Real Estate

BUYERS!
If you are interested in receiving active Gulf Shores, Orange Beach & Perdido Key Real Estate listings emailed to you; try our "Advanced Search" function.  It's FREE and designed to help you get acquainted with what's going on in the Gulf Shores, Orange Beach & Perdido Key real estate market. Have new listings automatically emailed to you in "Real Time" as soon as they become available on the MLS system.

SELLERS!
Before you sell your property, you should know the market conditions in your neighborhood.  Research         Baldwin County Real Estate Sales and Statistics        
; you will be able to acquire the sales history and market averages in Gulf Shores, Orange Beach & Perdido Key as well as all of Baldwin County, Al & Escambia County, Fl. Our goal is to obtain for you the highest net return on your property.


Erick Haffner

Associate Broker
Realty Executives Gulf Coast
3479 Gulf Shores Pkwy Suite B
Gulf Shores, AL 36542
Phone: (251) 942-5744
Email: ehaffner@gulftel.com

"Providing a superior level of informed, available and professional real estate services to buyers and sellers in the Orange Beach,Gulf Shores and Perdido Key area. " Call me for the full service, We bring buyers and sellers together".

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Welcome

You have reached the premier resource for Gulf Shores, Orange Beach, Perdido Key, Baldwin County Alabama and Escambia County Florida Real Estate information. If you are looking for Baldwin County Real Estate, or more specifically Gulf Shores Real Estate and Orange Beach Real Estate, you've come to the right place. I hope you enjoy your visit and explore everything my website has to offer, including current Gulf Shores real estate listings and Orange Beach properties for sale. If you would like more information about Gulf Shores, Orange Beach or Perdido Key real estate and you didn't find the answer on my site, please feel free to contact me at 251-942-5744 and I'll get that information to you quickly!

"I help make Island Dreams come true"!
"Your Professional Gulf Shores, Orange Beach and Perdido Key Area Realtor, Licensed in Alabama and Florida"

Baldwin County Alambama and Escambia County Florida
Property Showcase

View More Property Showcases: 
Gulf ShoresOrange BeachPerdido KeyBon SecourElbertaLillianFoleyFairhopeDaphneSpanish FortRobertsdaleLoxleySummerdaleMagnolia SpringsPensacola

Real Estate in Gulf Shores, Orange Beach, Perdido Key
& surrounding areas:

Bon Secour, Daphne, Elberta, Foley, Fairhope, Gulf Shores, Loxley, Lillian, Magnolia Springs, Orange Beach, Pensacola, Perdido Key, Robertsdale, Spanish Fort, Summerdale

Condos in Gulf Shores, Orange Beach, Perdido Key
& surrounding areas
:

Bon Secour, Daphne, Elberta, Foley, Fairhope, Gulf Shores, Loxley, Lillian, Magnolia Springs, Orange Beach, Pensacola, Perdido Key, Robertsdale, Spanish Fort, Summerdale

Foreclosures in Gulf Shores, Orange Beach, Perdido Key
& surrounding areas
:

Bon Secour, Daphne, Elberta, Foley, Fairhope, Gulf Shores, Loxley, Lillian, Magnolia Springs, Orange Beach, Pensacola, Perdido Key, Robertsdale, Spanish Fort, Summerdale

Real Estate News

Latest Realty News from NAR

Median Prices Rose to Highest Level, But Inflation-Adjusted Prices Still Below Bubble Peak

The median sales price of all existing homes sold rose to its highest level in May 2018, to $264,800. This peak price exceeds the housing bubble peak of $230,400 in July 2006. The median sales price of existing homes sold has been trending up (on a year-on-year basis) in the past 75 months since March 2012. This also represents a 71 percent nominal increase from its lowest level in January 2012 of $154,600. However, netting out the effect of inflation, the May 2018 inflation-adjusted median home sales price is at $172,928. This is still 11 percent lower than the inflation-adjusted peak price of $193,781 in June 2005. On an inflation-adjusted basis, home prices have increased 58 percent since February 2012.

An inflation-adjusted measure of house prices provides useful information for both current homeowners and for homebuyers. For current homeowners, a desirable situation is one where home prices are appreciating at a faster rate than inflation, so that they get a positive real return. For homebuyers, a desirable situation is one where home prices are not appreciating too far off from the overall increase in prices (inflation), so that households are not forced to make significant adjustments to their spending behavior just to purchase a home. Moreover, home prices should not be appreciating too far ahead of the rate of increase in income (which is also tied to some extent to inflation), which makes a home purchase unaffordable.

The median sales price of existing homes sold at the nominal and inflation-adjusted levels are still rising, but the pace of appreciation has slowed compared to the double-digit growth rates in October 2012‒ January 2013. Although the May 2018 nominal median home price of $264,800 is a new high, this represents a modest appreciation of 4.9 percent (year-on-year basis) compared to the average price appreciation of 8.5 percent during the bubble period and the 7.0 percent average during this current recovery period.  The inflation-adjusted median home price rose by 2.0 percent in May 2018, also a slower pace of appreciation compared to the 5.7 percent average during the housing bubble period and the 5.5 percent average during this recovery period. This indicates that, nationally, the real estate market during this recovery period has not overheated to the same intensity as that of housing bubble period of January 2012–July 2006.

The pace of price appreciation has started to taper off as home prices have become less affordable, along with interest rates on the rise. Home prices have been rising at a faster pace than income, making a home purchase less affordable.  As of 2017, the median sales price of existing homes was up 40 percent compared to the annual average in 2012, while incomes (measured by weekly earnings) were up by only 12 percent.

Interest rates are still at historically low levels, though they are on the rise, as monetary policy is expected to tighten in response to rising inflation.  The 30-year fixed-rate mortgage has increased to 4.62 percent during the week of June 14 compared to 3.91 percent nearly one year ago. A one-percentage point increase in mortgage rates increases the monthly mortgage by $119 (or $1,426 annually) for a borrower making a 20 percent down payment and by $143 for a borrower making a 3.5 percent down payment (or $1,720 annually). For some borrowers, this additional cost can mean the difference between buying or renting.

In summary, nominal home prices are above the peak seen during the bubble years, but the inflation-adjusted price is still below the housing bubble peak. Moreover, while home prices are still increasing, the pace of price appreciation is slowing, as demand is adjusting to the higher price and rising mortgage rates. The trends indicate that the pace of price appreciation during the current recovery period is not likely to reach the intensity of the housing bubble period on a national scale.

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"AWARDED TOP PRODUCING SINGLE AGENT VOLUME SOLD COMPANY WIDE IN 2016 WITH REALTY EXECUTIVES GULF COAST! WHILE WITH COLDWELL BANKER SOUTH SHORE REALTY (2002-2009) I WAS AWARDED TOP PRODUCING SINGLE AGENT COMPANY WIDE SEVEN YEARS IN A ROW! WORK ONLY WITH THE BEST!

AWARDS AND ACCOLADES WITH REALTY EXECUTIVES GULF COAST(2010- PRESENT)

  • Awarded Top Producing Single Agent Volume Sold Realty Executives Gulf Coast for 2016
  • Awarded Top Producing Single Agent Realty Executives Gulf Coast for 2014
  • Awarded Top Producing Single Agent Realty Executives Gulf Coast for 2013
  • Chairmans Club (Top 10% Nation Wide) 2013
  • 100% Club 2013
  • Awarded 2nd Highest Producing Single Agent in Number of Transactions Closed Realty Executives Gulf Coast for 2012
  • Executive Club 2012
  • 100% Club 1012
  • Executive Club 2011
  • 100% Club 2011
  • Awarded Top Producing Single Agent Realty Executives Gulf Coast for 2010
  • Executive Club 2010
  • 100% Club 2010

 AWARDS AND ACCOLADES WITH COLDWELL BANKER SOUTH SHORE REALTY (2002- 2009)

  • Awarded Top Producing Agent Coldwell Banker South Shore Realty for 2009
  • Awarded Top Producing Agent Coldwell Banker South Shore Realty for 2008
  • Awarded Top Producing Agent Coldwell Banker South Shore Realty for 2007
  • Awarded Top Producing Agent Coldwell Banker South Shore Realty for 2006
  • Awarded Top Producing Team Coldwell Banker South Shore Realty for 2005
  • Awarded Top Producing Team Coldwell Banker South Shore Realty for 2004
  • Awarded Top Producing Agent Coldwell Banker South Shore Realty for 2003
  • International President's Circle Award for 2003
  • International President's Premiere Award for 2004
  • International President's Elite Award for 2005
  • International President's Elite Award for 2007
  • Premier Office
  • Multi-Million Dollar producer

Realty Executives Gulf Coast Real Estate, Erick Haffner

Erick Haffner: Realty Executives Gulf Coast: Phone: (251) 942-5744: Email Erick
3479 Gulf Shores Pkwy Suite B Gulf Shores, AL 36542
Copyright 2014 © Erick Haffner: Realty Executives Gulf Coast, All Rights Reserved