Saturday, August 22, 2009

Deals, discounts fuel resort market - al.com

Deals, discounts fuel resort market - al.com: "Realtor Steve Neitzel has already sold five condominium units in August and predicts his best months will be this fall.

'We've cut half of our inventory because of the great deals,' said Neitzel of Brett Robinson Real Estate in Gulf Shores.

Prices in the current market can be summed up as 'what someone is willing to pay,' said Neitzel, who sold a large Gulf-front unit in Phoenix 9 in Orange Beach for $700,000, a half-million less than the original asking price."