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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5594 Virginia Street, Orange Beach

$395,000

5594 Virginia Street, Orange Beach

4 Beds 2 Baths 1,176 SqFt Residential MLS® # 385577

Brett R/E Robinson Dev OB Main: 251-981-6180

23094 Perdido Beach Boulevard Unit 110, Orange Beach

$394,900

↓ $5,000

23094 Perdido Beach Boulevard Unit 110, Orange Beach

2 Beds 2 Baths 908 SqFt Residential MLS® # 380150

REMAX OF ORANGE BEACH-CANAL BR CELL: 251-747-5710

22413 Bobcat Lane, Orange Beach

$394,900

↓ $5,000

22413 Bobcat Lane, Orange Beach

3 Beds 2 Baths 1,661 SqFt Residential MLS® # 379090

EXIT Realty Gulf Shores

28888 Canal Road Unit 33, Orange Beach

$389,000

28888 Canal Road Unit 33, Orange Beach

0 Beds 1 Bath 275 SqFt Residential MLS® # 381014

Toes N Sand Properties LLC

25861 Canal Road Unit 39, Orange Beach

$389,000

25861 Canal Road Unit 39, Orange Beach

2 Beds 2 Baths 782 SqFt Residential MLS® # 380160

EXIT Realty Gulf Shores

24101 Perdido Beach Boulevard Unit 303 C, Orange Beach

$385,000

24101 Perdido Beach Boulevard Unit 303 C, Orange Beach

2 Beds 2 Baths 1,050 SqFt Residential MLS® # 382971

Bellator RE LLC Orange Beach PHONE: 251-607-8570

25805 Perdido Beach Boulevard Unit 303, Orange Beach

$385,000

25805 Perdido Beach Boulevard Unit 303, Orange Beach

1 Bed 1 Bath 651 SqFt Residential MLS® # 382032

RE/MAX of Orange Beach PHONE: 870-926-8845

4306 Lost Bay Drive, Orange Beach

$381,021

↑ $31,021

4306 Lost Bay Drive, Orange Beach

3 Beds 3 Baths 1,437 SqFt Residential MLS® # 382816

DHI Realty of Alabama, LLC

22417 Beaver Creek Lane, Orange Beach

$379,999

↓ $20,000

22417 Beaver Creek Lane, Orange Beach

3 Beds 2 Baths 1,561 SqFt Residential MLS® # 379707

World Impact Real Estate

25805 Perdido Beach Boulevard Unit 318, Orange Beach

$379,900

↓ $10,000

25805 Perdido Beach Boulevard Unit 318, Orange Beach

2 Beds 2 Baths 880 SqFt Residential MLS® # 382009

Reed Real Estate & Const., Inc

24522 Perdido Beach Boulevard Unit 1109, Orange Beach

$379,900

↓ $20,095

24522 Perdido Beach Boulevard Unit 1109, Orange Beach

2 Beds 2 Baths 960 SqFt Residential MLS® # 375427

World Impact Real Estate

22410 Beaver Creek Lane, Orange Beach

$379,000

22410 Beaver Creek Lane, Orange Beach

3 Beds 2 Baths 1,521 SqFt Residential MLS® # 385731

RE/MAX of Gulf Shores

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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