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March 13, 2009

Market Report for a Golf Course Property in Gulf Shores Called The Peninsula

I have five or six neighbors and prospective clients that ask me from time to time what is going on in The Peninsula.  The Peninsula is one of the best golf course properties in Gulf Shores, Alabama.

Yesterday when my neighbor asked what the market was doing at The Peninsula, I thought “Duh, why don’t you blog about it?”  So here goes!

The Peninsula, like most real estate in Baldwin County and the rest of the country for that matter, has been affected by slower sales and falling prices.

Pretty interesting, huh?  One note to keep in mind is that these figures do not include the many custom homes that were built and closed that never hit the Multiple Listings.

2009 seems to be shaping up to be a better year for sales but the prices are still dropping.

Four closed sales as of today March 12, 2009 but the average price per square foot is $138.  There are currently 23 homes listed in The Peninsula ranging in price from $299,900 to $1,225,000.

As I said earlier, I think this is indicative of Baldwin County real estate as a whole and if you are interested in a golf course property in the Gulf Shores area, 2009 is the year to buy.

If you would like to learn more about The Peninsula Golf and Tennis community, visit this link or give me a call at 251-978-7118.  It’s a wonderful place to live!

This entry was posted on Friday, March 13th, 2009 at 10:53 am and is filed under Golf, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Market Report for a Golf Course Property in Gulf Shores Called The Peninsula”

  1. hometools said:
    October 11th, 2009 at 2:25 pm

    You did your homework, and the home prices do appear to be dropping. Have you invested in any of the available properties? If one was to buy a home, how long until the prices go up?

  2. John Ricks said:
    October 12th, 2009 at 7:59 am

    I believe you should be prepared to wait a year or two before we see significant appreciation. I only own my residence at the present time.

    Thanks for the response! If I can help with any other information, don’t hesitate to give me a call or shoot me an e-amil.

    John

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