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 July, 2015
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 2.80 percent, or from $267,425 in June to $259,946
in July. Compared to last year, average sales price increased 7.43 percent. Median sales price decreased 4.57
percent from last month, but increased 9.38 percent from last year. Since last year, the largest increase in average
sales price was 33.73 percent in North Baldwin. During the same time period, the largest increase in median sales
price was also in North Baldwin with 35.70 percent.
Sales: Total sales in Baldwin County decreased from 534 to 531 sales, or 0.56 percent since last month. The
largest increase since the previous month was 12.77 percent in South Baldwin, or from 94 to 106 sales.
Compared to last year, the largest increase in sales was in Central Baldwin with a 105.0 percent change in
number of sales.
Days on Market: Average days on the market between June and July did not change from 154 days. Since last
year, average days increased 1.32 percent. Compared to June, average days on the market increased in North
Baldwin and Eastern Shore by 38.94 percent and 4.35 percent, respectively.
U.S.: U.S. sales increased 10.2 percent from April, 2015 to May, 2015. Compared to last year, total sales
increased from 473,000 to 495,000. Average sales price increased by 3.4 percent since April, and increased by
5.2 percent from the previous year. Median sales price increased 4.7 percent from April, and increased by 8.0
percent relative to last year. The inventory month’s supply decreased 1.9 percent from the previous month.
Overall Analysis: For the month of July, the Baldwin residential market showed decreases in average and
median sales price, the number of sales, while there was no change in average days on market. Per the latest
national housing statistics, the U.S. market in May showed increases in sales, average sales price, median sales
price, and inventory month’s supply decreased 1.9 percent since the previous month.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median
Sales Price
Inventory
Months
Supply
May-14
473,000
$259,400
$212,000
5.5
Apr-15
449,000
$263,900
$218,700
5.2
May-15
495,000
$273,000
$228,900
5.1
Vs. Last
Month (%)
10.2
3.4
4.7
-1.9
Vs. Last
Year (%)
4.7
5.2
8.0
-7.3
Median Sales Price
$240,000
$230,000
$220,000
$210,000
$200,000
May-14
Apr-15
May-15
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: Paul Leon, 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 July 2015
Baldwin County
Areas
Total County
Jun-15
% vs prv mo
% vs prv year
North Baldwin
Jun-15
% vs prev mo
% vs prev year
Eastern Shore
Jun-15
% vs prev mo
% vs prev year
Central
Jun-15
% vs prev mo
% vs prev year
South
Jun-15
% vs prev mo
% vs prev year
Gulf Beach
Jun-15
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$259,946
$267,425
-2.80
7.43
$218,750
$229,220
-4.57
9.38
531
534
-0.56
33.08
154
154
0.00
1.32
$194,712
$133,659
45.68
33.73
$191,000
$130,000
46.92
35.70
12
17
-29.41
50.00
157
113
38.94
0.00
$273,468
$282,859
-3.32
14.28
$230,975
$256,600
-9.99
9.99
202
193
4.66
29.49
144
138
4.35
10.77
$147,263
$149,000
41
130
$164,602
-10.53
-9.50
$149,900
-0.60
3.65
43
-4.65
105.00
133
-2.26
-20.25
$190,657
$158,475
106
148
$196,391
-2.92
9.59
$161,000
-1.57
12.79
94
12.77
26.19
170
-12.94
-9.20
$318,864
$278,000
170
175
$323,008
-1.28
3.96
$315,000
-11.75
15.35
187
-9.09
29.77
173
1.16
3.55
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