Baldwin Residential Real Estate
Center for Real Estate & Economic Development
Baldwin Multi List
Go to: http://creed.southalabama.edu for more data
Report for the month of January, 2015
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 6.10 percent, or from $229,573 in December to
$243,373 in January. Compared to last year, average sales price decreased 16.96 percent. Median sales price
decreased 10.05 percent from last month, and decreased 18.93 percent from last year. Since last year, the largest
decrease in average sales price was 23.58 percent in Central Baldwin. The two regions with increases in median
sales price during the same time period were North Baldwin with 8.00 percent and Eastern Shore with 11.74
percent.
Sales: Total sales in Baldwin County decreased from 361 to 302 sales, or 16.34 percent since last month and
increased 11.85 percent from last year. The largest decrease since the previous month was 30.00 percent in North
Baldwin, or from 10 to 7 sales. Compared to last year, the largest increase in sales was in Easter Shore with a
57.35 percent change in number of sales.
Days on Market: Average days on the market between December and January decreased from 168 to 164 days,
or 2.38 percent. Since last year, average days increased 30.16 percent. Compared to December, average days on
the market increased in North Baldwin and Gulf Beach by 11.33 percent and 5.62 percent, respectively.
U.S.: U.S. sales decreased 20.8 percent from October to November, 2014. Compared to last year, total sales
decreased 3.0 percent. Average sales price decreased by 0.2 percent since October, and increased by 4.1 percent
from the previous year. Median sales price decreased 0.1 percent from October, and increased by 6.0 percent
relative to last year. The inventory month’s supply remained at 5.1 from the previous month.
Overall Analysis: For the month of January, the Baldwin residential market showed decreases in the median
sales price, number of sales, and average days on the market, while showing an increase in average sales price.
Per the latest national housing statistics, the U.S. market in November showed decreases in sales, average sales
price, and median sales price, while inventory month’s supply remained the same since the previous month.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median
Sales Price
Inventory
Months
Supply
Nov-13
362,000
$243,600
$195,500
5.1
Oct-14
443,000
$254,100
$207,500
5.1
Nov-14
351,000
$253,700
$207,200
5.1
Vs. Last
Month (%)
-20.8
-0.2
-0.1
0.0
Vs. Last
Year (%)
-3.0
4.1
6.0
0.0
Median Sales Price
$210,000
$205,000
$200,000
$195,000
$190,000
$185,000
Nov-13
Oct-14
Nov-14
Data Sources: All data taken from the Baldwin Multi-List, Martha Taylor, Office: 251.947.3777, and National Association of Realtors:
www.realtor.com.
Data gathered by: Andrea Justiniano, Senior Research Associate
For additional information: Will Berry, MLS Coordinator, Office: 251.947.3777 or Dr. Don Epley, Director, Center for Real Estate
and Economic Development, Mitchell College of Business, University of South Alabama, Office: 251.460.6735 or Email:
depley@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 January 2015
Baldwin County
Areas
Total County
Dec-14
% vs prv mo
% vs prv year
North Baldwin
Dec-14
% vs prev mo
% vs prev year
Eastern Shore
Dec-14
% vs prev mo
% vs prev year
Central
Dec-14
% vs prev mo
% vs prev year
South
Dec-14
% vs prev mo
% vs prev year
Gulf Beach
Dec-14
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$243,373
$184,303
302
164
$229,573
6.01
-16.96
$204,900
-10.05
-18.93
361
-16.34
11.85
168
-2.38
30.16
$136,286
$135,000
7
167
$120,040
13.53
-1.00
$97,450
38.53
8.00
10
-30.00
0.00
150
11.33
30.47
$259,847
$228,500
107
156
$244,365
6.34
7.48
$225,000
1.56
11.74
129
-17.05
57.35
157
-0.64
-3.11
$112,530
$118,500
25
118
$129,898
-13.37
-23.58
$139,900
-15.30
-8.85
33
-24.24
0.00
197
-40.10
-9.23
$152,868
$131,095
68
158
$184,669
-17.22
-9.60
$168,000
-21.97
-7.94
71
-4.23
23.64
159
-0.63
-0.63
$331,922
$299,000
95
188
$277,579
19.58
-21.70
$261,250
14.45
-26.81
118
-19.49
-17.39
178
5.62
111.24
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