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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27800 Canal Road Unit 313, Orange Beach

$485,000

27800 Canal Road Unit 313, Orange Beach

1 Bed 1 Bath 878 SqFt Residential MLS® # 380655

Levin Rinke Realty PHONE: 850-449-2655

24649 Cross Lane Unit 102, Orange Beach

$485,000

24649 Cross Lane Unit 102, Orange Beach

2 Beds 2 Baths 948 SqFt Residential MLS® # 375098

YourEasternShore.com LLC

26115 Perdido Beach Boulevard Unit 3-e, Orange Beach

$485,000

↓ $15,000

26115 Perdido Beach Boulevard Unit 3-e, Orange Beach

3 Beds 2 Baths 1,040 SqFt Residential MLS® # 371063

Keller Williams AGC Realty - Orange Beach PHONE: 251-483-9092

24568 Perdido Beach Boulevard Unit 502, Orange Beach

$480,000

↓ $5,000

24568 Perdido Beach Boulevard Unit 502, Orange Beach

1 Bed 2 Baths 695 SqFt Residential MLS® # 380685

RE/MAX of Gulf Shores

24649 Cross Lane Unit 109, Orange Beach

$480,000

24649 Cross Lane Unit 109, Orange Beach

2 Beds 2 Baths 948 SqFt Residential MLS® # 369542

RE/MAX of Orange Beach PHONE: 251-600-4488

26115 Perdido Beach Boulevard Unit 4-a, Orange Beach

$479,000

26115 Perdido Beach Boulevard Unit 4-a, Orange Beach

2 Beds 2 Baths 1,040 SqFt Residential MLS® # 379268

Levin Rinke Realty

3575 Bayou Road Unit A7, Orange Beach

$475,000

3575 Bayou Road Unit A7, Orange Beach

2 Beds 2 Baths 1,160 SqFt Residential MLS® # 385047

Keller Williams AGC Realty - Orange Beach 251-504-1171

26750 Perdido Beach Boulevard Unit 603, Orange Beach

$475,000

26750 Perdido Beach Boulevard Unit 603, Orange Beach

1 Bed 1 Bath 642 SqFt Residential MLS® # 384172

IXL Real Estate-Eastern Shore

3575 Bayou Road Unit A2, Orange Beach

$475,000

3575 Bayou Road Unit A2, Orange Beach

2 Beds 2 Baths 1,160 SqFt Residential MLS® # 383702

RE/MAX of Orange Beach PHONE: 251-424-4123

28813 Perdido Beach Boulevard Unit 319, Orange Beach

$475,000

28813 Perdido Beach Boulevard Unit 319, Orange Beach

3 Beds 3 Baths 936 SqFt Residential MLS® # 383621

RE/MAX of Gulf Shores

26115 Perdido Beach Boulevard Unit 1h, Orange Beach

$475,000

↓ $14,000

26115 Perdido Beach Boulevard Unit 1h, Orange Beach

3 Beds 2 Baths 1,040 SqFt Residential MLS® # 381960

RE/MAX on the Coast

26750 Perdido Beach Boulevard Unit 804, Orange Beach

$469,000

↓ $26,000

26750 Perdido Beach Boulevard Unit 804, Orange Beach

1 Bed 1 Bath 642 SqFt Residential MLS® # 363322

Bellator RE LLC Orange Beach PHONE: 251-948-5555

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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