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 February, 2015
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 7.63 percent, or from $243,761 in January to
$262,361 in February. Compared to last year, average sales price decreased 3.35 percent. Median sales price
increased 13.37 percent from last month, and increased 11.58 percent from last year. Since last year, the largest
increase in average sales price was 24.44 percent in South Baldwin. The two regions with decreases in median
sales price during the same time period were Central Baldwin with 0.60 percent and Gulf Beach with 14.38
percent.
Sales: Total sales in Baldwin County increased from 305 to 343 sales, or 12.46 percent since last month. The
largest decrease since the previous month was 36.00 percent in Central Baldwin, or from 25 to 16 sales.
Compared to last year, the largest increase in sales was in North Baldwin with a 25.00 percent change in number
of sales.
Days on Market: Average days on the market between January and February increased from 163 to 173 days, or
6.13 percent. Since last year, average days increased 7.45 percent. Compared to January, average days on the
market increased in Central Baldwin and Eastern Shore by 132.20 percent and 9.62 percent, respectively.
U.S.: U.S. sales increased 17.7 percent from November to December, 2014. Compared to last year, total sales
increased 6.7 percent. Average sales price increased by 0.4 percent since November, and increased by 3.3 percent
from the previous year. Median sales price increased 0.5 percent from November, and increased by 5.3 percent
relative to last year. The inventory month’s supply decreased 12.0 percent from the previous month.
Overall Analysis: For the month of February, the Baldwin residential market showed increases in the average
sales price, the median sales price, number of sales, and average days on the market. Per the latest national
housing statistics, the U.S. market in December showed increases in sales, average sales price, and median sales
price, while inventory month’s supply decreased 12.0 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
Dec-13
387,000
$246,700
$197,700
4.6
Nov-14
351,000
$253,800
$207,200
5.0
Dec-14
413,000
$254,800
$208,200
4.4
Vs. Last
Month (%)
17.7
0.4
0.5
-12.0
Vs. Last
Year (%)
6.7
3.3
5.3
-4.3
Median Sales Price
$210,000
$205,000
$200,000
$195,000
$190,000
Dec-13
Nov-14
Dec-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: Paul Leon, 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 February 2015
Baldwin County
Areas
Total County
Jan-15
% vs prv mo
% vs prv year
North Baldwin
Jan-15
% vs prev mo
% vs prev year
Eastern Shore
Jan-15
% vs prev mo
% vs prev year
Central
Jan-15
% vs prev mo
% vs prev year
South
Jan-15
% vs prev mo
% vs prev year
Gulf Beach
Jan-15
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$262,361
$212,000
343
173
$243,761
7.63
-3.35
$187,000
13.37
11.58
305
12.46
0.00
163
6.13
7.45
$116,150
$126,500
10
118
$136,286
-14.77
7.51
$135,000
-6.30
30.34
7
42.86
25.00
167
-29.34
-9.92
$268,047
$226,000
113
171
$259,212
3.41
11.93
$228,000
-0.88
25.77
109
3.67
3.67
156
9.62
4.91
$113,691
$124,250
16
274
$112,530
1.03
-3.92
$118,500
4.85
-0.60
25
-36.00
-36.00
118
132.20
86.39
$175,621
$145,000
71
165
$156,421
12.27
24.44
$132,190
9.69
14.17
69
2.90
22.41
157
5.10
-4.62
$332,714
$272,000
133
170
$331,922
0.24
-13.49
$299,000
-9.03
-14.38
95
40.00
-6.99
188
-9.57
6.92
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