Exploring Real Estate Opportunities in Orange Beach: Trends and Developments

In Orange Beach, Alabama, the real estate market is characterized by robust new construction and a high demand for the coastal lifestyle. 

Orange Beach Market Watch July 2024

New developments are enhancing the area's attractiveness. These include new construction in neighborhoods like Ono Island and the introduction of oceanfront condo complexes such as Phoenix Key Tower I and Phoenix South Point Condo, which cater to the growing demand for luxury and waterfront living. Such developments are significant, indicating strong confidence among developers in the enduring appeal of Orange Beach as a prime location.

Regarding recent market trends, analysis shows a shift in the dynamic of residential sales and property prices. Year-over-year data indicates that while the number of residential sales in Orange Beach decreased from 288 in the second quarter of 2023 to 236 in the same period of 2024, there has been an increase in property prices—from an average sales price of $795,141 in the second quarter of 2023 to $874,697 in 2024. This suggests that the market is experiencing higher-value transactions despite fewer sales.

SEARCH ORANGE BEACH REAL ESTATE LISTINGS FOR SALE, $300,000 - $400,000

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22455 Beaver Creek Lane, Orange Beach

$400,000

↓ $15,000

22455 Beaver Creek Lane, Orange Beach

3 Beds 2 Baths 1,621 SqFt Residential MLS® # 373953

RE/MAX Gulf Properties

25861 Canal Road Unit 85, Orange Beach

$399,999

↓ $5,901

25861 Canal Road Unit 85, Orange Beach

2 Beds 2 Baths 797 SqFt Residential MLS® # 380278

Goode Realty, LLC

5324 Bay La Launch Avenue, Orange Beach

$399,900

5324 Bay La Launch Avenue, Orange Beach

3 Beds 3 Baths 900 SqFt Residential MLS® # 385312

Goode Realty, LLC

24522 Perdido Beach Boulevard Unit 1309, Orange Beach

$399,900

↑ $80,000

24522 Perdido Beach Boulevard Unit 1309, Orange Beach

2 Beds 2 Baths 960 SqFt Residential MLS® # 376655

Vicki Lynn Real Estate

New
5723 Pensacola Avenue, Orange Beach

$399,000

5723 Pensacola Avenue, Orange Beach

2 Beds 1 Bath 640 SqFt Residential MLS® # 386391

Berkshire Hathaway HomeService PHONE: 251-232-3157

23601 Perdido Beach Boulevard, Orange Beach

$399,000

23601 Perdido Beach Boulevard, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 385399

RV Resort Management LLC

23060 Perdido Beach Boulevard Unit 214, Orange Beach

$399,000

↓ $11,000

23060 Perdido Beach Boulevard Unit 214, Orange Beach

2 Beds 2 Baths 780 SqFt Residential MLS® # 381672

EXIT Realty Landmark exitanneb@gmail.com

23060 Perdido Beach Boulevard Unit 104, Orange Beach

$399,000

↓ $16,000

23060 Perdido Beach Boulevard Unit 104, Orange Beach

2 Beds 2 Baths 780 SqFt Residential MLS® # 377272

RE/MAX on the Coast

Canal Road, Orange Beach

$399,000

↓ $30,000

Canal Road, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 375587

Realty Executives Gulf Coast PHONE: 251-747-1638

24568 Perdido Beach Boulevard Unit 6, Orange Beach

$399,000

↓ $11,000

24568 Perdido Beach Boulevard Unit 6, Orange Beach

2 Beds 2 Baths 1,030 SqFt Residential MLS® # 375035

RE/MAX of Gulf Shores

23601 Perdido Beach Boulevard, Orange Beach

$399,000

23601 Perdido Beach Boulevard, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 374563

RV Resort Management LLC

23601 Perdido Beach Boulevard, Orange Beach

$399,000

↓ $30,000

23601 Perdido Beach Boulevard, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 370692

RV Resort Management LLC

Interest rates are a significant factor in market dynamics. A potential reduction in interest rates might improve affordability, boost the buying market, and potentially lead to an increase in sales volumes. It's suggested that lower rates could stimulate more activity and benefit both buyers and sellers.

The demand for properties in Orange Beach continues to be strong, driven by its picturesque white sandy beaches, turquoise waters, nautical activities, and relaxed culture, which continues to draw a diverse array of buyers.

For those interested in real estate investments or considering relocating to a scenic location, Orange Beach presents solid opportunities. With support from skilled realtors, navigating this market can successfully lead to positive outcomes both in the short and long term.


Posted by Meredith Folger Amon on

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