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, $600,000 - $700,000

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27501 Perdido Beach Boulevard Unit 203, Orange Beach

$659,000

↓ $16,000

27501 Perdido Beach Boulevard Unit 203, Orange Beach

2 Beds 3 Baths 1,500 SqFt Residential MLS® # 361525

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

26802 Perdido Beach Boulevard Unit 306, Orange Beach

$655,000

26802 Perdido Beach Boulevard Unit 306, Orange Beach

2 Beds 2 Baths 1,064 SqFt Residential MLS® # 383540

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

4841 E Cypress Loop, Orange Beach

$650,000

4841 E Cypress Loop, Orange Beach

4 Beds 4 Baths 2,864 SqFt Residential MLS® # 385985

RE/MAX on the Coast

29101 Perdido Beach Boulevard Unit 201, Orange Beach

$650,000

29101 Perdido Beach Boulevard Unit 201, Orange Beach

3 Beds 2 Baths 1,125 SqFt Residential MLS® # 383739

Pointe South

8 West Gate, Orange Beach

$650,000

↓ $29,000

8 West Gate, Orange Beach

2 Beds 3 Baths 1,240 SqFt Residential MLS® # 379509

Lewis & Co. Real Estate

Ono Boulevard, Orange Beach

$649,900

↓ $50,000

Ono Boulevard, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 364270

Bellator Real Estate LLC Gulf PHONE: 205-427-9764

26802 Perdido Beach Boulevard Unit 7606, Orange Beach

$649,500

26802 Perdido Beach Boulevard Unit 7606, Orange Beach

2 Beds 2 Baths 1,064 SqFt Residential MLS® # 382258

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

3925 Cutty Sark Cove, Orange Beach

$649,000

↓ $50,000

3925 Cutty Sark Cove, Orange Beach

3 Beds 3 Baths 1,553 SqFt Residential MLS® # 381432

Bellator RE LLC Orange Beach PHONE: 251-979-6600

24160 Perdido Beach Boulevard Unit 2105, Orange Beach

$645,000

24160 Perdido Beach Boulevard Unit 2105, Orange Beach

2 Beds 2 Baths 910 SqFt Residential MLS® # 376233

MarMac Real Estate Coastal PHONE: 662-820-6923

27006 Canal Road Unit A 112, Orange Beach

$645,000

27006 Canal Road Unit A 112, Orange Beach

2 Beds 2 Baths 925 SqFt Residential MLS® # 344702

RE/MAX Paradise

4008 Martinique Court, Orange Beach

$640,000

↓ $25,000

4008 Martinique Court, Orange Beach

5 Beds 3 Baths 2,277 SqFt Residential MLS® # 382916

Keller Williams AGC Realty - Orange Beach

29576 Perdido Beach Boulevard Unit 1405, Orange Beach

$639,900

29576 Perdido Beach Boulevard Unit 1405, Orange Beach

1 Bed 2 Baths 801 SqFt Residential MLS® # 385653

IXL Real Estate-Eastern Shore PHONE: 251-979-0711

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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