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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25805 Perdido Beach Boulevard Unit 406, Orange Beach

$425,000

↓ $14,900

25805 Perdido Beach Boulevard Unit 406, Orange Beach

2 Beds 2 Baths 806 SqFt Residential MLS® # 360793

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

25805 Perdido Beach Boulevard Unit 404, Orange Beach

$425,000

↓ $14,900

25805 Perdido Beach Boulevard Unit 404, Orange Beach

2 Beds 2 Baths 806 SqFt Residential MLS® # 360780

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

4851 Wharf Parkway Unit 320, Orange Beach

$424,000

↓ $5,000

4851 Wharf Parkway Unit 320, Orange Beach

1 Bed 1 Bath 824 SqFt Residential MLS® # 376711

Pointe South

26115 Perdido Beach Boulevard Unit 2c, Orange Beach

$420,000

26115 Perdido Beach Boulevard Unit 2c, Orange Beach

2 Beds 2 Baths 1,040 SqFt Residential MLS® # 376321

Bellator Real Estate LLC Gulf PHONE: 251-616-0724

26115 Perdido Beach Boulevard Unit 5d, Orange Beach

$419,900

26115 Perdido Beach Boulevard Unit 5d, Orange Beach

2 Beds 2 Baths 1,040 SqFt Residential MLS® # 382263

Engel and Volkers Gulf Shores

22474 Beaver Creek Lane, Orange Beach

$419,000

↓ $10,000

22474 Beaver Creek Lane, Orange Beach

3 Beds 2 Baths 1,698 SqFt Residential MLS® # 384805

RE/MAX of Orange Beach PHONE: 251-979-8899

23060 Perdido Beach Boulevard Unit 210, Orange Beach

$415,000

23060 Perdido Beach Boulevard Unit 210, Orange Beach

2 Beds 2 Baths 780 SqFt Residential MLS® # 381962

RE/MAX on the Coast

24522 Perdido Beach Boulevard Unit 2207, Orange Beach

$414,995

↓ $5,000

24522 Perdido Beach Boulevard Unit 2207, Orange Beach

2 Beds 2 Baths 960 SqFt Residential MLS® # 357480

Roberts Brothers Inc. Gulf Coa PHONE: 619-772-2261

5674 Armadillo Avenue, Orange Beach

$410,000

5674 Armadillo Avenue, Orange Beach

2 Beds 1 Bath 916 SqFt Residential MLS® # 385724

EXIT Realty Orange Beach

3543 Bayou Drive Unit C-6, Orange Beach

$410,000

↓ $15,000

3543 Bayou Drive Unit C-6, Orange Beach

2 Beds 2 Baths 1,161 SqFt Residential MLS® # 377466

Realty Executives Gulf Coast PHONE: 251-942-3141

25861 Canal Road Unit 24, Orange Beach

$408,000

↓ $6,500

25861 Canal Road Unit 24, Orange Beach

2 Beds 2 Baths 800 SqFt Residential MLS® # 375472

EXIT Realty Gulf Shores

4615 Nancy Lane Unit 8, Orange Beach

$405,000

↓ $5,000

4615 Nancy Lane Unit 8, Orange Beach

3 Beds 3 Baths 1,618 SqFt Residential MLS® # 374088

RE/MAX of Orange Beach PHONE: 251-223-3882

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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