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

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28750 Canal Road, Orange Beach

$10,749,000

28750 Canal Road, Orange Beach

5 Beds 9 Baths 7,187 SqFt Residential MLS® # 363736

Signature Properties

26574 Perdido Beach Boulevard Unit 4, Orange Beach

$5,350,000

26574 Perdido Beach Boulevard Unit 4, Orange Beach

6 Beds 8 Baths 4,348 SqFt Residential MLS® # 369054

Vicki Lynn Real Estate

31292 River Road, Orange Beach

$5,300,000

31292 River Road, Orange Beach

6 Beds 7 Baths 4,718 SqFt Residential MLS® # 360051

Signature Properties

30510 River Road, Orange Beach

$4,800,000

30510 River Road, Orange Beach

4 Beds 5 Baths 6,000 SqFt Residential MLS® # 367056

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

25122 Perdido Beach Boulevard, Orange Beach

$4,750,000

25122 Perdido Beach Boulevard, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 363696

Lewis & Co. Real Estate

29879 St John Drive, Orange Beach

$4,200,000

29879 St John Drive, Orange Beach

5 Beds 6 Baths 6,709 SqFt Residential MLS® # 354671

Bellator Real Estate LLC Orang PHONE: 251-979-6600

33202 River Road, Orange Beach

$4,200,000

↓ $600,000

33202 River Road, Orange Beach

4 Beds 5 Baths 4,943 SqFt Residential MLS® # 351716

RE/MAX Paradise

00 Orange Beach Boulevard, Orange Beach

$3,999,900

00 Orange Beach Boulevard, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 322280

RE/MAX Paradise

26618 Marina Road, Orange Beach

$3,750,000

26618 Marina Road, Orange Beach

4 Beds 6 Baths 3,400 SqFt Residential MLS® # 365699

eXp Realty Southern Branch PHONE: 678-457-0677

5432 E Oak Ridge Drive, Orange Beach

$3,600,000

5432 E Oak Ridge Drive, Orange Beach

4 Beds 5 Baths 3,753 SqFt Residential MLS® # 367180

Mobile Bay Realty Main: 251-230-7555

33400 River Road, Orange Beach

$3,600,000

↓ $32,400,000

33400 River Road, Orange Beach

6 Beds 7 Baths 4,500 SqFt Residential MLS® # 365905

Ono Island Luxury Realty LLC

29060 Canal Road, Orange Beach

$3,500,000

29060 Canal Road, Orange Beach

6 Beds 5 Baths 3,254 SqFt Residential MLS® # 365763

Realty Executives Gulf Coast PHONE: 251-233-0989

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 Amon on

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