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, $500,000 - $600,000

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27008 Perdido Beach Boulevard Unit 505, Orange Beach

$559,000

↓ $20,900

27008 Perdido Beach Boulevard Unit 505, Orange Beach

1 Bed 1 Bath 801 SqFt Residential MLS® # 370199

Dolphin Cove Realty LLC

27008 Perdido Beach Boulevard Unit 205, Orange Beach

$559,000

↓ $20,900

27008 Perdido Beach Boulevard Unit 205, Orange Beach

1 Bed 1 Bath 801 SqFt Residential MLS® # 370197

Dolphin Cove Realty LLC

26800 Perdido Beach Boulevard Unit 507, Orange Beach

$558,000

↓ $10,000

26800 Perdido Beach Boulevard Unit 507, Orange Beach

1 Bed 1 Bath 800 SqFt Residential MLS® # 375600

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

4863 Tiger Brown Avenue, Orange Beach

$554,900

↓ $20,000

4863 Tiger Brown Avenue, Orange Beach

4 Beds 4 Baths 2,267 SqFt Residential MLS® # 384537

BHGRE Platinum Properties

5762 Pensacola Avenue, Orange Beach

$550,000

5762 Pensacola Avenue, Orange Beach

2 Beds 2 Baths 1,176 SqFt Residential MLS® # 385699

EXIT Realty Gulf Shores

29101 Perdido Beach Boulevard Unit 307, Orange Beach

$550,000

29101 Perdido Beach Boulevard Unit 307, Orange Beach

2 Beds 2 Baths 887 SqFt Residential MLS® # 384872

Blue Heron Realty

26495 Martinique Drive Unit 2, Orange Beach

$550,000

26495 Martinique Drive Unit 2, Orange Beach

2 Beds 3 Baths 1,216 SqFt Residential MLS® # 384448

RE/MAX on the Coast

River Road, Orange Beach

$550,000

River Road, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 378637

RE/MAX of Orange Beach PHONE: 251-533-6677

25773 Canal Road Unit 10, Orange Beach

$550,000

↓ $10,000

25773 Canal Road Unit 10, Orange Beach

3 Beds 3 Baths 1,611 SqFt Residential MLS® # 370950

Vicki Lynn Real Estate

27591 Canal Road, Orange Beach

$549,900

27591 Canal Road, Orange Beach

4 Beds 3 Baths 2,025 SqFt Residential MLS® # 385836

Goode Realty, LLC

28783 Perdido Beach Boulevard Unit 512n, Orange Beach

$549,900

↓ $20,000

28783 Perdido Beach Boulevard Unit 512n, Orange Beach

2 Beds 2 Baths 1,060 SqFt Residential MLS® # 379347

RE/MAX of Orange Beach 251-240-5287

4610 White Avenue Unit 205, Orange Beach

$549,900

4610 White Avenue Unit 205, Orange Beach

2 Beds 2 Baths 949 SqFt Residential MLS® # 384474

World Impact Real Estate

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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