It’s quite interesting how prices differ from condo to condo by how many bedrooms that it has.  Obviously this effects square footage (for the most part) but you may find this report helpful when determining your next purchase here in Orange Beach.

As you may already know, when purchasing a new condo for investment purchases, renters will want to know how many people they can sleep comfortably while they’re visiting our beach for the week.  Keep in mind that most of these condos come furnished with a pull-out sofa so typically a 2 bedroom condo will sleep 6, a 3 bedroom condo will sleep 8, and so on.

So here are the facts for……

Orange Beach Condo Sale by Number of Bedrooms – 9/2019

Orange Beach Condo Sales by Number of Bedrooms - Sept 2019

Sales for September 2019

Here are the stats for the most recent sales.  The figures below represent the average number.

2 Bedroom Condos

  • List price – $383,425
  • Selling price – $370,778
  • Price per square foot – $332
  • Change from a year ago – 1.07% increase

 

3 Bedroom Condos

  • List price – $636,122
  • Selling price – $616,442
  • Price per square foot – $359
  • Change from a year ago – 1.04% increase

 

4 Bedroom Condos

  • List price – $1,175,000
  • Selling price – $1,125,000
  • Price per square foot – $508
  • Change from a year ago – 1.12% increase

As always, if you wanting to buy or sell a condo in Orange Beach, please reach out to me.  I’d love to share my experience with you.

Buying a Condo in Orange Beach? Contact Jeff Nelson

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.