Ono Island Real Estate Trends – A Comparative Insight from 2023 to 2024
The real estate team at Amon-Russo is pleased to deliver our expert analysis on the Ono Island residential market, focusing on the performance in the first half of both 2023 and 2024. Our comprehensive review is sourced from Baldwin County MLS statistics, offering valuable insights for both potential buyers and existing homeowners on Ono Island.
Sales Volume Breakdown
The start of 2023 saw 27 homes exchanged on Ono Island, highlighting a robust trading period. Transitioning into 2024, the market saw a modest increase, with home sales reaching 29 properties during the same time frame. This roughly 7.41% rise in transactions indicates a growing interest in the residential offerings of Ono Island.
Evaluating Price Movements
Average property prices on Ono Island have also seen an encouraging upturn. The early months of 2023 witnessed an average sales price of around $1,426,322, which climbed to $1,488,031 in the same period in 2024 – a growth of 4.32%. This upward trend underscores the island’s continual appeal in the property market.
Waterfront Property Dynamics
Waterfront homes on Ono Island continue to capture the market's attention, representing a significant portion of sales. In 2023, these properties made up 70% of the sales, including homes on Bayou St. John, Canal frontages, Ole River, and Ono Harbour. In 2024, this figure increased to 76%, with a total of 22 waterfront homes sold, signaling a strong demand for prime locations and exquisite views.
Ono Island Homes & Land for Sale – Luxury Waterfront Real Estate in Orange Beach Alabama
Highlight on High-Value Transactions
The premier property sales also reflect the market's strength. The highest transaction in the first half of 2023 reached an impressive $5,000,000. In 2024, the peak sale price recorded was slightly lower at $3,750,000, yet this still represents the high value and substantive investment potential of Ono Island’s real estate.
Future Market Projections
With continuing transaction growth and rising home values, Ono Island's real estate market remains vibrant. The consistent buyer interest, particularly in waterfront properties, supports a positive outlook for sustained market strength.
Your Real Estate Experts on Ono Island
Navigating Ono Island's specialized real estate market requires deep knowledge and experience, particularly with its high-value waterfront properties. The Amon-Russo Team is equipped to provide expert advice and targeted strategies whether you're considering buying or selling. Reach out to us for tailored assistance that meets your unique needs.
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