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, $800,000 - $900,000

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29576 Perdido Beach Boulevard Unit 1003, Orange Beach

$899,900

29576 Perdido Beach Boulevard Unit 1003, Orange Beach

3 Beds 2 Baths 1,395 SqFt Residential MLS® # 385363

Prickett Properties, LLC

26 The Battery, Orange Beach

$899,900

↓ $60,000

26 The Battery, Orange Beach

2 Beds 3 Baths 1,360 SqFt Residential MLS® # 382188

Alabama Real Estate

29576 Perdido Beach Boulevard Unit 707, Orange Beach

$899,900

↓ $49,100

29576 Perdido Beach Boulevard Unit 707, Orange Beach

3 Beds 2 Baths 1,392 SqFt Residential MLS® # 368971

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

31545 River Road, Orange Beach

$899,000

↓ $51,000

31545 River Road, Orange Beach

3 Beds 4 Baths 3,165 SqFt Residential MLS® # 371067

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

28107 Perdido Beach Boulevard Unit D512, Orange Beach

$899,000

↓ $70,000

28107 Perdido Beach Boulevard Unit D512, Orange Beach

3 Beds 3 Baths 1,839 SqFt Residential MLS® # 380755

Georgia West Realty LLC

28107 Perdido Beach Boulevard Unit D215, Orange Beach

$898,000

↓ $17,000

28107 Perdido Beach Boulevard Unit D215, Orange Beach

3 Beds 4 Baths 2,380 SqFt Residential MLS® # 366666

Alabama Beach Realty LLC

27770 Canal Road Unit 506, Orange Beach

$895,000

27770 Canal Road Unit 506, Orange Beach

3 Beds 3 Baths 1,737 SqFt Residential MLS® # 385652

Keller Williams AGC Realty-Da PHONE: 251-232-5640

29250 Perdido Beach Boulevard Unit 205, Orange Beach

$895,000

↓ $30,000

29250 Perdido Beach Boulevard Unit 205, Orange Beach

3 Beds 3 Baths 1,860 SqFt Residential MLS® # 383535

RE/MAX on the Coast

23450 Perdido Beach Boulevard Unit 2015, Orange Beach

$885,000

23450 Perdido Beach Boulevard Unit 2015, Orange Beach

3 Beds 4 Baths 1,959 SqFt Residential MLS® # 379931

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

5769 Pensacola Avenue, Orange Beach

$885,000

↑ $1,000

5769 Pensacola Avenue, Orange Beach

4 Beds 3 Baths 1,787 SqFt Residential MLS® # 376595

Beachball Properties

31261 Oak Drive, Orange Beach

$879,900

31261 Oak Drive, Orange Beach

4 Beds 3 Baths 2,550 SqFt Residential MLS® # 385771

Realty Pro Group LLC

27800 Canal Road, Orange Beach

$879,000

27800 Canal Road, Orange Beach

3 Beds 3 Baths 1,822 SqFt Residential MLS® # 385505

Coastal Leaders Realty Group PHONE: 251-589-7815

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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