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 August, 2015
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 5.42 percent, or from $259,946 in July to $245,847
in August. Compared to last year, average sales price decreased 2.52 percent. Median sales price decreased 3.43
percent from last month, but increased 5.63 percent from last year. Since last year, the largest increase in average
sales price was 31.70 percent in Central Baldwin. During the same time period, the largest increase in median
sales price was also in Central Baldwin with 17.06 percent.
Sales: Total sales in Baldwin County decreased from 531 to 470 sales, or 11.49 percent since last month. The
largest decrease since the previous month was 33.33 percent in North Baldwin, or from 12 to 8 sales. Compared
to last year, the largest increase in sales was in South Baldwin with a 35.71 percent change in number of sales.
Days on Market: Average days on the market between July and August decreased from 154 in July to 152 days
in August. Since last year, average days decreased 6.75 percent. Compared to July, average days on the market
increased in North Baldwin and South Baldwin by 21.02 percent and 13.51 percent, respectively.
U.S.: U.S. sales increased 15.6 percent from May, 2015 to June, 2015. Compared to last year, total sales
increased from 506,000 to 572,000. Average sales price increased by 2.6 percent since May, and increased by 4.5
percent from the previous year. Median sales price increased 3.2 percent from May, and increased by 6.4 percent
relative to last year. The inventory month’s supply decreased 3.9 percent from the previous month.
Overall Analysis: For the month of August, the Baldwin residential market showed decreases in average and
median sales price, the number of sales, and in average days on market. Per the latest national housing statistics,
the U.S. market in June showed increases in sales, average sales price, median sales price, while showing a
decrease of 3.9 percent in 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
Jun-14
506,000
$268,100
$222,000
5.5
May-15
495,000
$273,000
$228,900
5.1
Jun-15
572,000
$280,200
$236,300
4.9
Vs. Last
Month (%)
15.6
2.6
3.2
-3.9
Vs. Last
Year (%)
13.0
4.5
6.4
-10.9
Median Sales Price
$240,000
$230,000
$220,000
$210,000
Jun-14
May-15
Jun-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. 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 August 2015
Baldwin County
Areas
Total County
Jul-15
% vs prv mo
% vs prv year
North Baldwin
Jul-15
% vs prev mo
% vs prev year
Eastern Shore
Jul-15
% vs prev mo
% vs prev year
Central
Jul-15
% vs prev mo
% vs prev year
South
Jul-15
% vs prev mo
% vs prev year
Gulf Beach
Jul-15
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$245,847
$259,946
-5.42
-2.52
$211,250
$218,750
-3.43
5.63
470
531
-11.49
15.76
152
154
-1.30
-6.75
$162,400
$194,712
-16.59
17.07
$134,500
$191,000
-29.58
3.46
8
12
-33.33
-46.67
190
157
21.02
-1.55
$261,120
$273,468
-4.52
5.35
$230,475
$230,975
-0.22
1.09
178
202
-11.88
17.11
138
144
-4.17
-2.13
$147,368
$129,000
39
105
$147,263
0.07
31.70
$149,000
-13.42
17.06
41
-4.88
30.00
130
-19.23
-45.31
$183,827
$155,000
95
168
$190,657
-3.58
14.69
$158,475
-2.19
9.73
106
-10.38
35.71
148
13.51
11.26
$297,057
$260,750
150
168
$318,864
-6.84
-14.08
$278,000
-6.21
-9.30
170
-11.76
7.91
175
-4.00
-8.20
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