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, $700,000 - $800,000

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27006 Canal Road Unit B 206, Orange Beach

$787,500

27006 Canal Road Unit B 206, Orange Beach

3 Beds 3 Baths 1,540 SqFt Residential MLS® # 344772

RE/MAX Paradise

27006 Canal Road Unit B 106, Orange Beach

$787,500

27006 Canal Road Unit B 106, Orange Beach

3 Beds 3 Baths 1,540 SqFt Residential MLS® # 344766

RE/MAX Paradise

27006 Canal Road Unit B 102, Orange Beach

$787,500

27006 Canal Road Unit B 102, Orange Beach

3 Beds 3 Baths 1,540 SqFt Residential MLS® # 344765

RE/MAX Paradise

27006 Canal Road Unit B 204, Orange Beach

$787,500

27006 Canal Road Unit B 204, Orange Beach

3 Beds 3 Baths 1,540 SqFt Residential MLS® # 344769

RE/MAX Paradise

27006 Canal Road Unit B 205, Orange Beach

$787,500

27006 Canal Road Unit B 205, Orange Beach

3 Beds 3 Baths 1,540 SqFt Residential MLS® # 344771

RE/MAX Paradise

5126 Pine Road, Orange Beach

$785,000

↓ $14,000

5126 Pine Road, Orange Beach

3 Beds 3 Baths 1,969 SqFt Residential MLS® # 381451

Realty Executives Gulf Coast PHONE: 251-747-1638

28925 Perdido Beach Boulevard Unit 301, Orange Beach

$785,000

28925 Perdido Beach Boulevard Unit 301, Orange Beach

3 Beds 2 Baths 1,337 SqFt Residential MLS® # 380020

EXIT Realty Lyon & Assoc.Fhope PHONE: 251-504-4429

4832 Osprey Drive, Orange Beach

$784,900

↓ $15,000

4832 Osprey Drive, Orange Beach

4 Beds 3 Baths 2,500 SqFt Residential MLS® # 385780

South Coast Properties

27100 Perdido Beach Boulevard Unit 1201, Orange Beach

$784,000

↓ $15,000

27100 Perdido Beach Boulevard Unit 1201, Orange Beach

3 Beds 2 Baths 1,383 SqFt Residential MLS® # 373016

Coldwell Banker Coastal Realty

27580 Canal Road Unit 1322, Orange Beach

$780,000

27580 Canal Road Unit 1322, Orange Beach

3 Beds 3 Baths 1,787 SqFt Residential MLS® # 367285

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

27405 Polaris Street Unit 409, Orange Beach

$779,900

↓ $10,000

27405 Polaris Street Unit 409, Orange Beach

3 Beds 2 Baths 1,495 SqFt Residential MLS® # 382606

Levin Rinke Realty PHONE: 850-735-3564

24770 Perdido Beach Boulevard Unit 1005, Orange Beach

$779,000

24770 Perdido Beach Boulevard Unit 1005, Orange Beach

3 Beds 2 Baths 1,260 SqFt Residential MLS® # 380775

RE/MAX of Orange Beach PHONE: 334-654-0750

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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