Baldwin Residential Real Estate
Center for Real Estate Studies
Baldwin Multi List
Go to http://cres.southalabama.edu for more data
Report for the period ending July, 2010
Baldwin County Residential Market (Total, North, Central, South)
This snapshot view of the residential housing market is designed to provide a useful source of data and
information. We hope you find it useful. Comments are always welcome.
The average sales price in Baldwin County for July increased 5.47 percent to $216,280, and the median sales
price declined 4.03 percent to $169,000. Average sale prices in the North showed a decrease of 12.74 percent to
$196,775, the Central area decreased 1.35 percent to $177,964. The South showed an increase of 19.43 percent
to $293,542.
Sales rose to 24 in the North, decreased to 74 in the South, and dropped to 137 in the Central area. For the
whole county, sales decreased by 41 to 235.
Average days on the market for the whole county increased from 151 in June to 176 in July. The South
increased to 193, Central region increased to 169, and the North increased from 141 in June to 165 in July.
The number of homes sold in the U.S. increased by 0.8 percent in May. Also, the median sales price increased
1.3 percent to $174,600. The number of months required to sell the existing inventory decreased to 8.3. The
National Association of Realtors recommends a 6 to 8 month range for a healthy market.
The second page shows MLS data for the three Baldwin County areas. North is north of I-10. Central is
between I-10 and the International Waterway. South is south of the Waterway. Data for the Total County are
explained above.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Month
Supply
$175,000
May-09
447,000
$218,200
$174,800
9.7
$174,000
Apr-10
522,000
$217,300
$172,300
8.4
$173,000
May-10
526,000
$220,900
$174,600
8.3
0.8
1.7
1.3
-1.2
17.7
1.2
-0.1
-14.4
Vs. Last
Month
(%)
Vs. Last
Year (%)
Median Sales Price
$172,000
$171,000
May-09
Apr-10
May-10
Data Sources: All data taken from the Baldwin Multi-List, Martha Taylor, Office: 251.928.1708, and the National Association of
Realtors, www.realtor.com. For additional information, contact Dr. Don Epley, Director, Center for Real Estate Studies, Mitchell
College of Business, University of South Alabama, Office: 251.460.6735, E-mail: depley@usouthal.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.
July 2010 Baldwin County Residential Report
North Number of Sales
North Average Sales Price
40
$250,000
$200,000
$150,000
$100,000
$50,000
$0
30
20
10
0
Jul-07
Jul-08
Month
Jul-09
Ave. Sales $
Jun-10
Jul-10
Jul-07
Jul-08
Jul-09
% Change
Month
# Sales
Jul-07
15.57
-8.97
Jul-08
29
20
21
19
24
235
226
Jul-07
$180,395
Jul-08
$208,485
Jul-09
$189,776
Jun-10
$225,504
Jul-10
$196,775
-12.74
Jul-10
Annual 08
Annual 09
$204,185
$176,458
-13.58
Annual 08
Annual 09
Jul-09
Jun-10
Jun-10
Jul-10
% Change
-31.03
5.00
26.32
-3.83
Central Number of Sales
Central Average Sales Price
250
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
200
150
100
50
0
Jul-07
Month
Ave. Sales $
Jul-07
$247,052
$262,398
$179,630
$180,391
$177,964
$223,901
$183,317
Jul-08
Jul-09
Jun-10
Jul-10
Annual 08
Annual 09
% Change
6.21
-31.54
Jul-08
Jul-09
Month
# Sales
Jul-07
203
180
156
166
137
1561
1597
Jul-08
Jul-09
Jun-10
-1.35
Jul-10
-18.13
Annual 08
Annual 09
Jun-10
Jul-10
% Change
-11.33
-13.33
-17.47
2.31
South Number of Sales
South Average Sales Price
150
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
100
50
0
Jul-07
Jul-08
Month
Jul-07
Jul-08
Jul-09
Jun-10
Jul-10
Annual 08
Annual 09
Jul-09
Jun-10
Jul-10
Ave. Sales $ % Change
$476,556
$391,752
$305,332
$245,779
$293,542
$404,927
$311,532
-17.80
-22.06
Jul-07
Jul-08
Jul-09
Month
# Sales
Jul-07
102
90
116
91
74
943
1241
Jul-08
Jul-09
Jun-10
19.43
Jul-10
-23.06
Annual 08
Annual 09
Jun-10
Jul-10
% Change
-11.76
28.89
-18.68
31.60