Baldwin Residential Real Estate
Center for Real Estate & Economic Development
Baldwin County Association of REALTORS® MLS
Go to: http://creed.southalabama.edu for more data
Report for the month of October, 2015
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 8.99%, or from $238,412 in September to $259,845
in October. Compared to last year, average sales price increased by 5.30%. Median sales price increased 0.31%
from last month, and increased 7.89% from last year. Since last year, the largest increase in average sales price
was 34.44% in North Baldwin. During the same time period, the largest increase in median sales price was also in
North Baldwin with 36.15%.
Sales: Total sales in Baldwin County decreased from 458 to 411 sales, or 10.26% since last month. The largest
increase since the previous month was 15.49% in Eastern Shore, or from 142 to 164 sales. Compared to last year,
the largest increase in sales was also in Eastern Shore with a 29.13% change in number of sales.
Days on Market: Average days on the market between September and October increased from 143 in September
to 148 days in October. Since last year, average days decreased by 5.13%. Compared to September, average days
on the market decreased in South Baldwin and Central Baldwin by 13.64% and 6.25%, respectively.
U.S.: U.S. sales decreased 8.5% from July, 2015 to August, 2015. Compared to last year, total sales increased
from 479,000 to 504,000. Average sales price decreased by 1.7% since July, and increased by 2.8% from the
previous year. Median sales price decreased 1.4% from June, and increased by 4.6% relative to last year. The
inventory month’s supply increased by 4.1% from the previous month.
Overall Analysis: For the month of October, the Baldwin residential market showed increases in average sales
price, median sales price, and average days on market, while showing a decrease in number of sales. Per the latest
national housing statistics, the U.S. market in August showed decreases in sales, average sales price, median sales
price, while inventory month’s supply increased since the previous month.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median
Sales Price
Inventory
Months
Supply
Aug-14
479,000
$263,800
$218,400
5.6
Jul-15
551,000
$275,900
$231,800
4.9
Aug-15
504,000
$271,300
$228,500
5.1
Vs. Last
Month (%)
-8.5
-1.7
-1.4
4.1
Vs. Last
Year (%)
5.2
2.8
4.6
-8.9
Median Sales Price
$235,000
$230,000
$225,000
$220,000
$215,000
$210,000
Aug-14
Jul-15
Aug-15
Data Sources: All data taken from the Baldwin County Association of REALTORS® Multiple Listing Service, Sheila Dodson, Office:
251.947.3777, and National Association of Realtors: www.realtor.com.
Report by: Paul Leon, Senior Research Associate
For additional information: Contact Dr. J. 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 October 2015
Baldwin County
Areas
Total County
Sep-15
% vs prv mo
% vs prv year
North Baldwin
Sep-15
% vs prev mo
% vs prev year
Eastern Shore
Sep-15
% vs prev mo
% vs prev year
Central
Sep-15
% vs prev mo
% vs prev year
South
Sep-15
% vs prev mo
% vs prev year
Gulf Beach
Sep-15
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$259,845
$238,412
8.99
5.30
$205,000
$204,375
0.31
7.89
411
458
-10.26
5.12
148
143
3.50
-5.13
$181,000
$154,596
17.08
34.44
$145,000
$152,500
-4.92
36.15
5
17
-70.59
-72.22
177
160
10.63
6.63
$259,090
$245,239
5.65
-1.03
$220,000
$225,450
-2.42
15.79
164
142
15.49
29.13
155
143
8.39
1.31
$140,280
$146,000
29
105
$153,769
-8.77
6.94
$149,426
-2.29
4.32
56
-48.21
7.41
112
-6.25
-14.63
$201,405
$168,565
98
133
$179,559
12.17
24.21
$157,500
7.03
12.38
108
-9.26
24.05
154
-13.64
-15.29
$344,302
$310,300
115
161
$323,979
6.27
8.42
$276,500
12.22
7.02
135
-14.81
-17.86
145
11.03
-1.23
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