Baldwin Residential Real Estate
Center for Real Estate & Economic Development
Baldwin County Association of REALTORS® MLS
Go to: http://creed.southalabama.edu for more data
Report for the month of December, 2015
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 0.45%, or from $261,712 in November to $262,884
in December. Compared to last year, average sales price increased by 13.31%. Median sales price decreased
1.31% from last month, and increased 3.80% from last year. Since last year, the largest increase in average sales
price was 45.95% in North Baldwin. During the same time period, the largest increase in median sales price was
in Gulf Beach with 11.10%.
Sales: Total sales in Baldwin County increased from 366 to 372 sales, or 1.64% since last month. The largest
increase since the previous month was 11.43% in South Baldwin, or from 70 to 78 sales. Compared to last year,
the largest increase in sales was in Gulf Beach with a 41.67% change in number of sales.
Days on Market: Average days on the market between November and December decreased from 158 in
November to 153 days in December. Since last year, average days decreased by 8.93%. Compared to November,
average days on the market increased in North Baldwin and Gulf Beach by 45.80% and 12.05%, respectively.
U.S.: U.S. sales decreased 5.7% from September, 2015 to October, 2015. Compared to last year, total sales
increased from 443,000 to 444,000. Average sales price decreased by 0.9% since September, and increased by
3.4% from the previous year. Median sales price decreased 1.2% from September, and increased by 5.6% relative
to last year. The inventory month’s supply increased by 2.1% from the previous month.
Overall Analysis: For the month of December, the Baldwin residential market showed increases in average sales
price and number of sales, while showing decreases in median sales price and inventory month’s supply. Per the
latest national housing statistics, the U.S. market in October showed decreases in sales, average sales price,
median sales price, while showing an increase inventory month’s supply since the previous month.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median
Sales Price
Inventory
Months
Supply
Oct-14
443,000
$254,100
$207,500
5.2
Sep-15
471,000
$265,100
$221,700
4.7
Oct-15
444,000
$262,800
$219,100
4.8
Vs. Last
Month (%)
-5.7
-0.9
-1.2
2.1
Vs. Last
Year (%)
0.2
3.4
5.6
-7.7
Median Sales Price
$225,000
$220,000
$215,000
$210,000
$205,000
$200,000
Oct-14
Sep-15
Oct-15
Data Sources: All data taken from the Baldwin County Association of REALTORS® Multiple Listing Service, Sheila Dodson, Office:
251.947.3777, and National Association of Realtors: www.realtor.com.
Report by: Paul Leon, Senior Research Associate
For additional information: Contact Dr. J. Reid Cummings, Director, Center for Real Estate and Economic Development, Mitchell
College of Business, University of South Alabama, Office: 251.460.6710 or Email: cummings@southalabama.edu.
University of South Alabama takes reasonable measures to ensure the quality of the data and other information produced. However, USA makes no warranty, express or
implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or completeness of any information, nor represents that its use would not infringe
on privately owned rights. Reference to any specific commercial product, process, or service does not constitute an endorsement, recommendation, or favoring by USA.
Baldwin County Residential
For the Month of December 2015
Baldwin County
Areas
Total County
Nov-15
% vs prv mo
% vs prv year
North Baldwin
Nov-15
% vs prev mo
% vs prev year
Eastern Shore
Nov-15
% vs prev mo
% vs prev year
Central
Nov-15
% vs prev mo
% vs prev year
South
Nov-15
% vs prev mo
% vs prev year
Gulf Beach
Nov-15
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$262,884
$261,712
0.45
13.31
$206,764
$209,500
-1.31
3.80
372
366
1.64
19.23
153
158
-3.16
-8.93
$188,257
$119,748
57.21
45.95
$117,000
$125,000
-6.40
8.84
7
9
-22.22
-30.00
191
131
45.80
16.46
$274,860
$286,012
-3.90
11.29
$223,000
$230,425
-3.22
-1.33
121
122
-0.82
11.01
125
152
-17.76
-24.70
$144,315
$128,000
30
140
$156,921
-8.03
12.12
$160,000
-20.00
-5.19
27
11.11
-9.09
141
-0.71
-28.21
$176,105
$148,975
78
143
$171,290
2.81
-4.03
$158,250
-5.86
-10.53
70
11.43
21.88
161
-11.18
-13.33
$331,996
$272,750
136
186
$315,857
5.11
13.09
$267,850
1.83
11.10
138
-1.45
41.67
166
12.05
14.11
Areas Defined as:
North
Eastern Shore
Central
South
Gulf Beach
Bay Minette, Stapleton, North Baldwin County
Spanish Fort, Daphne, Fairhope
Seminole, Loxley, Silverhill, Robertsdale, Summerdale
Bon Secour, Gulf Shores N-ICW, Magnolia Springs, Foley, Lillian, Elberta
Orange Beach, Gulf Shores S - ICW, Fort Morgan