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 March, 2015
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 4.87 percent, or from $262,253 in February to
$249,488 in March. Compared to last year, average sales price decreased 8.13 percent. Median sales price
decreased 3.20 percent from last month, and increased 6.80 percent from last year. Since last year, the largest
increase in average sales price was 13.28 percent in Central Baldwin. The only region with a decrease in median
sales price during the same time period was Gulf Beach with 14.02 percent.
Sales: Total sales in Baldwin County increased from 344 to 482 sales, or 40.12 percent since last month. The
largest increase since the previous month was 118.75 percent in Central Baldwin, or from 16 to 35 sales.
Compared to last year, the largest increase in sales was in North Baldwin with a 50.00 percent change in number
of sales.
Days on Market: Average days on the market between February and March decreased from 173 to 167 days, or 3.47 percent. Since last year, average days increased 3.73 percent. Compared to February, average days on the
market increased in North Baldwin and Gulf Beach by 12.71 percent and 16.47 percent, respectively.
U.S.: U.S. sales decreased 32.0 percent from December, 2014 to January, 2015. Compared to last year, total sales
remained at 281,000. Average sales price decreased by 3.5 percent since December, and increased by 4.0 percent
from the previous year. Median sales price decreased 5.1 percent from December, and increased by 5.2 percent
relative to last year. The inventory month’s supply increased 4.5 percent from the previous month.
Overall Analysis: For the month of March, the Baldwin residential market showed an increase in the number of
sales, while it showed decreases in average sales price, the median sales price, and average days on the market.
Per the latest national housing statistics, the U.S. market in January showed decreases in sales, average sales
price, and median sales price, while inventory month’s supply increased 4.5 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
Jan-14
281,000
$236,500
$187,900
4.8
Dec-14
413,000
$254,800
$208,200
4.4
Jan-15
281,000
$245,900
$197,600
4.6
Vs. Last
Month (%)
-32.0
-3.5
-5.1
4.5
Vs. Last
Year (%)
0.0
4.0
5.2
-4.2
Median Sales Price
$210,000
$200,000
$190,000
$180,000
$170,000
Jan-14
Dec-14
Jan-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: 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 March 2015
Baldwin County
Areas
Total County
Feb-15
% vs prv mo
% vs prv year
North Baldwin
Feb-15
% vs prev mo
% vs prev year
Eastern Shore
Feb-15
% vs prev mo
% vs prev year
Central
Feb-15
% vs prev mo
% vs prev year
South
Feb-15
% vs prev mo
% vs prev year
Gulf Beach
Feb-15
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$249,488
$205,450
482
167
$262,253
-4.87
-8.13
$212,250
-3.20
6.80
344
40.12
30.98
173
-3.47
3.73
$145,938
$141,450
12
133
$116,150
25.65
8.22
$126,500
11.82
17.39
10
20.00
50.00
118
12.71
6.40
$259,311
$212,500
164
147
$268,047
-3.26
4.88
$226,000
-5.97
2.16
113
45.13
42.61
171
-14.04
-5.16
$149,962
$139,900
35
153
$113,691
31.90
13.28
$124,250
12.60
11.92
16
118.75
29.63
274
-44.16
-8.93
$172,762
$155,000
99
154
$175,621
-1.63
4.04
$145,000
6.90
1.97
71
39.44
8.79
165
-6.67
-17.65
$311,761
$270,850
172
198
$331,910
-6.07
-23.47
$271,800
-0.35
-14.02
134
28.36
35.43
170
16.47
33.78
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