Alys--there goes the neighborhood??

**fisher** · 10-02-2008, 09:43 PM

A home in Alys just closed at $1.35 million or about $569 per square foot. Although only a few houses have sold in Alys over the last 2 years or so, those that have were priced very high compared to many of the high end communities along 30A. Prices were bound to come down due to the lack of sales activity in this development and the "unusual" nature of the architecture. Alys will appeal to some, but it will not have the broad appeal of a Watercolor, Watersound, Seaside or Rosemary (and they will NEED broad appeal to sell the 800 plus planned units).

I suspect this in the first in a long line of much reduced selling prices in Alys. The prices must come down for EBSCO to begin moving any appreciable inventory.

**AAbsolute** · 10-03-2008, 07:16 AM

I think Alys is awesome. Simple and Clean does not have to be expensive.

**TheSheep** · 10-03-2008, 08:59 AM

Originally Posted by fisher

A home in Alys just closed at $1.35 million or about $569 per square foot. Although only a few houses have sold in Alys over the last 2 years or so, those that have were priced very high compared to many of the high end communities along 30A. Prices were bound to come down due to the lack of sales activity in this development and the "unusual" nature of the architecture. Alys will appeal to some, but it will not have the broad appeal of a Watercolor, Watersound, Seaside or Rosemary (and they will NEED broad appeal to sell the 800 plus planned units).

I suspect this in the first in a long line of much reduced selling prices in Alys. The prices must come down for EBSCO to begin moving any appreciable inventory.

And if you go chasing wabbits, you know you're going to fall. Go ask Alys
I think she'll know.

When logic and proportion have fallen sloppy dead
And the white roofs are reflecting backwards
And the Developer's "Off with his head!"
Remember what the sheepster said

Feed your squares Feed your squares

FEED THE SQUARES.........................

**JoshMclean** · 10-03-2008, 10:18 AM

Originally Posted by TheSheep

And if you go chasing wabbits, you know you're going to fall. Go ask Alys
I think she'll know.

When logic and proportion have fallen sloppy dead
And the white roofs are reflecting backwards
And the Developer's "Off with his head!"
Remember what the sheepster said

Feed your squares Feed your squares

FEED THE SQUARES.........................

I think you've finally lost it!

**TheSheep** · 10-03-2008, 10:48 AM

Originally Posted by JoshMclean

I think you've finally lost it!

You are the cutest thing, Young Man!

All chuckling aside, I am a fan of Alys, love the effort. Ram was speaking to one of the architects about Alys' pre slump problemos and the first mention was the white roofs. Too much stark! Now say "salt water calzone pool"

. Fonzie's Hill

Butteries

Their refusal to adopt ephemeral stylistic fashions but instead cultivate a certain classico-vernacular sobriety makes me tipsy-drunk.

I applaud the Developer-Imagineer, I...

Wait ! I see a fellow lying down,
stone-masonry cold white dead...
with an arrow
thru his head.

A pioneer! What ails him?

http://tinyurl.com/3kqhda

I Josh you not. It's Friiiiiiiiiiidaaaaaaaaaaaaaaayyyyyyyyyyyyyy.

**JoshMclean** · 10-03-2008, 11:07 AM

Originally Posted by TheSheep

You are the cutest thing, Young Man!

All chuckling aside, I am a fan of Alys, love the effort. Ram was speaking to one of the architects about Alys' pre slump problemos and the first mention was the white roofs. Too much stark! Now say "salt water calzone pool"

. Fonzie's Hill

Butteries

Their refusal to adopt ephemeral stylistic fashions but instead cultivate a certain classico-vernacular sobriety makes me tipsy-drunk.

I applaud the Developer-Imagineer, I...

Wait ! I see a fellow lying down,
stone-masonry cold white dead...
with an arrow
thru his head.

A pioneer! What ails him?

http://tinyurl.com/3kqhda

I Josh you not. It's Friiiiiiiiiiidaaaaaaaaaaaaaaayyyyyyyyyyyyyy.

Thank God!!

**traderx** · 10-03-2008, 11:12 AM

Originally Posted by TheSheep

Their refusal to adopt ephemeral stylistic fashions but instead cultivate a certain classico-vernacular sobriety makes me tipsy-drunk.

You know, you could write for Architectural Digest or whatever it is called.

I will never forget an article that contained the following:

"It is not characterized by the humorless clutter that plagues so many low country homes".

I have no idea what humorless clutter or funny clutter is for that matter but there you go.

**SWGB** · 10-04-2008, 01:36 PM

Was this sale from the developer or was it a resale? I think that Alys (EBSCO) is going to ride out the slump just fine. The prices on developer buildings and lots aren't going down. As far as appeal goes, it seems to have quite the appeal. Some people may just not want to buy a primary or even 2nd home in what is a giant construction zone. Perhaps EBSCO doesn't need to follow the typical developers model of sell sell sell to make up the loan taken out to develop. If you don't have to follow that business model then you can keep your prices at the level you want them. I don't see a fire sale at Alys anytime in the near or distant future.

**scooterbug44** · 10-04-2008, 02:50 PM

Alys is one of the prettiest communities around. A sale of $569 per square foot for non-beachfront isn't exactly a sign of the apocalypse IMO!

**hnooe** · 10-04-2008, 03:10 PM

They do, and are doing, everything right.

**AAbsolute** · 10-04-2008, 08:15 PM

Originally Posted by sowalgayboi

Was this sale from the developer or was it a resale? I think that Alys (EBSCO) is going to ride out the slump just fine. The prices on developer buildings and lots aren't going down. As far as appeal goes, it seems to have quite the appeal. Some people may just not want to buy a primary or even 2nd home in what is a giant construction zone. Perhaps EBSCO doesn't need to follow the typical developers model of sell sell sell to make up the loan taken out to develop. If you don't have to follow that business model then you can keep your prices at the level you want them. I don't see a fire sale at Alys anytime in the near or distant future.

Looks like this was a resale with the seller selling for about 300,000 less than original price.

**TheSheep** · 10-04-2008, 09:46 PM

Oct 10,11

http://planetgreen.discovery.com/sea...=ALYS&x=10&y=8

**TheSheep** · 10-04-2008, 10:01 PM

Year begin, there were 8 Alys Beachomes for sale starting $1.995 million and two at that price - 2180 and 2450 square feet. The most expensive home for sale in was five bedroom, six bath, 3060 square foot home priced at $2.998 million.

$1,000 per sft

Alys Beach Homes for Sale - March 2008

Total # of Listings 8
Lowest Price Listing $1,995,000
Highest Price Listing $2,998,000
Average Price $2,304,500
Avg. Price/SqFt $883
Avg. Days on Market 387

A drop to $550 per sft is staggering.