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, $900,000 - $1,000,000

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28103 Perdido Beach Boulevard Unit B1014, Orange Beach

$949,000

28103 Perdido Beach Boulevard Unit B1014, Orange Beach

3 Beds 3 Baths 1,706 SqFt Residential MLS® # 380253

RE/MAX of Orange Beach CELL: 251-233-6695

23972 Perdido Beach Boulevard Unit 1902, Orange Beach

$949,000

23972 Perdido Beach Boulevard Unit 1902, Orange Beach

3 Beds 4 Baths 1,926 SqFt Residential MLS® # 380051

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

27006 Canal Road Unit A 110, Orange Beach

$945,000

27006 Canal Road Unit A 110, Orange Beach

3 Beds 3 Baths 1,575 SqFt Residential MLS® # 381029

RE/MAX Paradise

23972 Perdido Beach Boulevard Unit 2102, Orange Beach

$939,000

↓ $10,900

23972 Perdido Beach Boulevard Unit 2102, Orange Beach

3 Beds 4 Baths 1,926 SqFt Residential MLS® # 335434

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

45 Parks Edge, Orange Beach

$939,000

↓ $60,999

45 Parks Edge, Orange Beach

3 Beds 3 Baths 2,100 SqFt Residential MLS® # 374442

EXIT Realty Lyon & Assoc.Fhope PHONE: 251-605-1316

27580 Canal Road Unit 1411, Orange Beach

$935,000

27580 Canal Road Unit 1411, Orange Beach

3 Beds 3 Baths 1,787 SqFt Residential MLS® # 384560

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

33129 River Road, Orange Beach

$935,000

33129 River Road, Orange Beach

3 Beds 3 Baths 2,401 SqFt Residential MLS® # 383923

Roberts Brothers Inc. Gulf Coa CELL: 256-899-7769

11 Meeting Street, Orange Beach

$929,500

↑ $500

11 Meeting Street, Orange Beach

3 Beds 3 Baths 1,784 SqFt Residential MLS® # 380695

Beachball Properties

27204 Magnolia Drive, Orange Beach

$925,000

27204 Magnolia Drive, Orange Beach

3 Beds 5 Baths 2,500 SqFt Residential MLS® # 383418

Signature Properties

29531 Perdido Beach Boulevard Unit 110, Orange Beach

$925,000

↓ $24,900

29531 Perdido Beach Boulevard Unit 110, Orange Beach

2 Beds 3 Baths 1,953 SqFt Residential MLS® # 382635

Coastal Leaders Realty Group PHONE: 251-589-7815

3564 Bayou Road Unit 402, Orange Beach

$925,000

3564 Bayou Road Unit 402, Orange Beach

3 Beds 3 Baths 1,953 SqFt Residential MLS® # 382339

RE/MAX Paradise

29576 Perdido Beach Boulevard Unit 907, Orange Beach

$919,000

29576 Perdido Beach Boulevard Unit 907, Orange Beach

3 Beds 2 Baths 1,392 SqFt Residential MLS® # 386123

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

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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