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

Sort by:
25909 Canal Road Unit 202, Orange Beach

$549,000

↓ $20,000

25909 Canal Road Unit 202, Orange Beach

2 Beds 2 Baths 1,125 SqFt Residential MLS® # 379856

Ono Island Luxury Realty LLC

5397 Bear Point Avenue, Orange Beach

$549,000

↓ $15,000

5397 Bear Point Avenue, Orange Beach

2 Beds 2 Baths 912 SqFt Residential MLS® # 372339

C Properties Sales & Managemen PHONE: 251-979-6011

27008 Perdido Beach Boulevard Unit 1505, Orange Beach

$548,000

27008 Perdido Beach Boulevard Unit 1505, Orange Beach

1 Bed 1 Bath 801 SqFt Residential MLS® # 375666

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

24522 Perdido Beach Boulevard Unit 4208, Orange Beach

$548,000

24522 Perdido Beach Boulevard Unit 4208, Orange Beach

2 Beds 2 Baths 960 SqFt Residential MLS® # 370716

Coldwell Banker Coastal Realty

24522 Perdido Beach Boulevard Unit 3503, Orange Beach

$545,000

24522 Perdido Beach Boulevard Unit 3503, Orange Beach

2 Beds 2 Baths 960 SqFt Residential MLS® # 383516

LPT Realty, LLC

24400 Perdido Beach Boulevard Unit 911, Orange Beach

$545,000

24400 Perdido Beach Boulevard Unit 911, Orange Beach

1 Bed 1 Bath 800 SqFt Residential MLS® # 382085

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

24400 Perdido Beach Boulevard Unit 011, Orange Beach

$545,000

↓ $20,000

24400 Perdido Beach Boulevard Unit 011, Orange Beach

1 Bed 1 Bath 793 SqFt Residential MLS® # 377853

RE/MAX of Orange Beach PHONE: 225-247-4655

New
25773 Canal Road Unit 28, Orange Beach

$540,000

25773 Canal Road Unit 28, Orange Beach

3 Beds 3 Baths 1,611 SqFt Residential MLS® # 386763

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

26715 Terry Cove Drive, Orange Beach

$540,000

↓ $10,000

26715 Terry Cove Drive, Orange Beach

3 Beds 2 Baths 1,914 SqFt Residential MLS® # 379234

RE/MAX on the Coast

4851 Wharf Parkway Unit 821, Orange Beach

$540,000

↓ $20,000

4851 Wharf Parkway Unit 821, Orange Beach

2 Beds 2 Baths 1,289 SqFt Residential MLS® # 372504

RE/MAX of Orange Beach PHONE: 251-223-2462

4612 Bayou Court, Orange Beach

$540,000

↑ $5,000

4612 Bayou Court, Orange Beach

3 Beds 3 Baths 1,780 SqFt Residential MLS® # 371749

MarMac Real Estate Coastal PHONE: 251-923-6290

27100 Perdido Beach Boulevard Unit 1502, Orange Beach

$539,900

27100 Perdido Beach Boulevard Unit 1502, Orange Beach

1 Bed 1 Bath 800 SqFt Residential MLS® # 383905

RE/MAX Paradise

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

Tags

Email Send a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.