Orange Beach Sales Analysis:
The above graph represents the average sales history of direct gulf view 2 bedroom condos from 2010 to current.
I find it really interesting the price consistency since 2010 with the exception of 2014 to 2015 revealing a ~$26,500 jump in average price! My personal opinion of price next year is a jump much like in 2014-2015 because of the low inventory environment we're currently in. I expect fewer sales but at much higher prices.
These are the current statistics of active listings in Orange Beach AL:
The average price per square foot is $363.00 for the current active listings. Since most of our market is 1,000 sf condominiums, prices should be moving towards $400,000+ next year. Already, you notice above…