Baldwin County Residential Market

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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 April, 2015
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 7.58 percent, or from $249,102 in March to
$267,973 in April. Compared to last year, average sales price increased 4.16 percent. Median sales price
increased 6.83 percent from last month, and increased 6.47 percent from last year. Since last year, the largest
increase in average sales price was 57.73 percent in North Baldwin. During the same time period, the largest
increase in median sales price was also North Baldwin with 66.12 percent.
Sales: Total sales in Baldwin County increased from 484 to 493 sales, or 1.86 percent since last month. The
largest increase since the previous month was 16.67 percent in North Baldwin, or from 12 to 14 sales. Compared
to last year, the largest increase in sales was in North Baldwin with a 75.00 percent change in number of sales.
Days on Market: Average days on the market between March and April decreased from 166 to 153 days, or
-7.83 percent. Since last year, average days decreased 7.83percent. Compared to March, average days on the
market increased in North Baldwin and Central Baldwin by 42.11 percent and 9.33 percent, respectively.
U.S.: U.S. sales increased 5.0 percent from January, 2015 to February, 2015. Compared to last year, total sales
increased to 295,000. Average sales price increased by 0.8 percent since January, and increased by 4.7 percent
from the previous year. Median sales price increased 2.2 percent from January, and increased by 7.2 percent
relative to last year. The inventory month’s supply increased 2.2 percent from the previous month.
Overall Analysis: For the month of April, the Baldwin residential market showed an increase in the number of
sales, average sales price, and median sales price, while showing a decrease in average days on the market. Per
the latest national housing statistics, the U.S. market in February showed increases in sales, average sales price,
median sales price, and inventory month’s supply increased 2.2 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
Feb-14
282,000
$236,600
$188,400
4.9
Jan-15
281,000
$245,900
$197,600
4.6
Feb-15
295,000
$247,800
$201,900
4.7
Vs. Last
Month (%)
5.0
0.8
2.2
2.2
Vs. Last
Year (%)
4.6
4.7
7.2
-4.1
Median Sales Price
$205,000
$200,000
$195,000
$190,000
$185,000
$180,000
Feb-14
Jan-15
Feb-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, 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:
[email protected]
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 April 2015
Baldwin County
Areas
Total County
Mar-15
% vs prv mo
% vs prv year
North Baldwin
Mar-15
% vs prev mo
% vs prev year
Eastern Shore
Mar-15
% vs prev mo
% vs prev year
Central
Mar-15
% vs prev mo
% vs prev year
South
Mar-15
% vs prev mo
% vs prev year
Gulf Beach
Mar-15
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$267,973
$219,000
493
153
$249,102
7.58
4.16
$205,000
6.83
6.47
484
1.86
27.72
166
-7.83
-8.93
$154,655
$142,450
14
189
$145,938
5.97
57.73
$141,450
0.71
66.12
12
16.67
75.00
133
42.11
-4.06
$264,422
$221,000
158
142
$258,436
2.32
9.50
$210,000
5.24
4.27
165
-4.24
46.30
147
-3.40
-25.26
$168,560
$149,900
33
164
$151,268
11.43
30.34
$139,900
7.15
20.89
36
-8.33
13.79
150
9.33
9.33
$179,716
$158,395
92
146
$172,762
4.03
13.40
$155,000
2.19
5.60
99
-7.07
12.20
154
-5.19
-8.18
$337,095
$305,000
196
160
$311,761
8.13
-3.76
$270,850
12.61
1.67
172
13.95
23.27
198
-19.19
0.00
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
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