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, $400,000 - $500,000

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27501 Perdido Beach Boulevard Unit 210, Orange Beach

$499,999

↓ $50,001

27501 Perdido Beach Boulevard Unit 210, Orange Beach

2 Beds 3 Baths 1,500 SqFt Residential MLS® # 372962

RE/MAX of Orange Beach PHONE: 251-981-2400

29101 Perdido Beach Boulevard Unit 102, Orange Beach

$499,900

29101 Perdido Beach Boulevard Unit 102, Orange Beach

2 Beds 2 Baths 887 SqFt Residential MLS® # 385048

Goode Realty, LLC

24114 Perdido Beach Boulevard Unit 702, Orange Beach

$499,900

24114 Perdido Beach Boulevard Unit 702, Orange Beach

1 Bed 1 Bath 723 SqFt Residential MLS® # 367152

Realty Executives Gulf Coast PHONE: 251-978-4078

26115 Perdido Beach Boulevard Unit 2b, Orange Beach

$499,529

↓ $24,071

26115 Perdido Beach Boulevard Unit 2b, Orange Beach

3 Beds 2 Baths 1,239 SqFt Residential MLS® # 374764

Epique Realty

25205 Windward Place, Orange Beach

$499,000

25205 Windward Place, Orange Beach

3 Beds 2 Baths 1,336 SqFt Residential MLS® # 385471

RE/MAX of Orange Beach PHONE: 251-979-9198

Ono North Loop West, Orange Beach

$499,000

Ono North Loop West, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 385116

RE/MAX of Orange Beach PHONE: 251-981-2400

24132 Perdido Beach Boulevard Unit 1046, Orange Beach

$499,000

24132 Perdido Beach Boulevard Unit 1046, Orange Beach

1 Bed 1 Bath 685 SqFt Residential MLS® # 381694

RE/MAX of Orange Beach PHONE: 337-591-6319

4626 Spinnaker Way, Orange Beach

$499,000

↓ $26,000

4626 Spinnaker Way, Orange Beach

3 Beds 2 Baths 2,232 SqFt Residential MLS® # 378987

Wise Living Real Estate, LLC PHONE: 251-422-3300

3503 Lexmark Court, Orange Beach

$499,000

↓ $20,000

3503 Lexmark Court, Orange Beach

3 Beds 2 Baths 2,248 SqFt Residential MLS® # 378491

RE/MAX of Orange Beach

24160 Perdido Beach Boulevard Unit 2104, Orange Beach

$499,000

↓ $16,000

24160 Perdido Beach Boulevard Unit 2104, Orange Beach

1 Bed 1 Bath 685 SqFt Residential MLS® # 377834

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

24160 Perdido Beach Boulevard Unit 2144, Orange Beach

$499,000

↓ $40,000

24160 Perdido Beach Boulevard Unit 2144, Orange Beach

1 Bed 1 Bath 685 SqFt Residential MLS® # 376069

Levin Rinke Realty PHONE: 251-219-0055

23094 Perdido Beach Boulevard Unit 509, Orange Beach

$499,000

↓ $21,000

23094 Perdido Beach Boulevard Unit 509, Orange Beach

3 Beds 2 Baths 966 SqFt Residential MLS® # 372963

Engel and Volkers 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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