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 May, 2015
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 2.19 percent, or from $267,230 in April to $273,087
in May. Compared to last year, average sales price increased 4.89 percent. Median sales price increased 2.33
percent from last month, and increased 8.40 percent from last year. Since last year, the largest increase in average
sales price was 10.03 percent in Gulf Beach. During the same time period, the largest increase in median sales
price was in Central Baldwin with 30.0 percent.
Sales: Total sales in Baldwin County increased from 504 to 528 sales, or 4.76 percent since last month. The
largest increase since the previous month was 27.33 percent in Eastern Shore, or from 161 to 205 sales.
Compared to last year, the largest increase in sales was in Central Baldwin with a 50.0 percent change in number
of sales.
Days on Market: Average days on the market between April and May increased from 157 to 172 days, or
9.55 percent. Since last year, average days increased 13.16 percent. Compared to April, average days on the
market increased in Gulf Beach and Eastern Shore by 14.88 percent and 13.79 percent, respectively.
U.S.: U.S. sales increased 37.3 percent from February, 2015 to March, 2015. Compared to last year, total sales
increased from 355,000 to 405,000. Average sales price increased by 3.4 percent since February, and increased
by 4.7 percent from the previous year. Median sales price increased 4.4 percent from February, and increased by
7.1 percent relative to last year. The inventory month’s supply decreased 2.1 percent from the previous month.
Overall Analysis: For the month of May, the Baldwin residential market showed increases in average sales price,
median sales price, the number of sales, and the average days on the market. Per the latest national housing
statistics, the U.S. market in March showed increases in sales, average sales price, median sales price, while
inventory month’s supply decreased 2.1 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
Mar-14
355,000
$244,800
$196,700
5.0
Feb-15
295,000
$247,800
$201,900
4.7
Mar-15
405,000
$256,300
$210,700
4.6
Vs. Last
Month (%)
37.3
3.4
4.4
-2.1
Vs. Last
Year (%)
14.1
4.7
7.1
-8.0
Median Sales Price
$220,000
$210,000
$200,000
$190,000
$180,000
Mar-14
Feb-15
Mar-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. 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 May 2015
Baldwin County
Areas
Total County
Apr-15
% vs prv mo
% vs prv year
North Baldwin
Apr-15
% vs prev mo
% vs prev year
Eastern Shore
Apr-15
% vs prev mo
% vs prev year
Central
Apr-15
% vs prev mo
% vs prev year
South
Apr-15
% vs prev mo
% vs prev year
Gulf Beach
Apr-15
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$273,087
$267,230
2.19
4.89
$220,000
$215,000
2.33
8.40
528
504
4.76
12.58
172
157
9.55
13.16
$130,711
$157,611
-17.07
-7.20
$114,950
$145,000
-20.72
-4.13
18
15
20.00
38.46
166
191
-13.09
9.21
$264,984
$268,558
-1.33
6.14
$225,590
$223,000
1.16
0.04
205
161
27.33
26.54
165
145
13.79
19.57
$143,219
$144,950
33
135
$168,639
-15.07
9.88
$150,700
-3.82
30.00
35
-5.71
50.00
164
-17.68
-43.75
$172,418
$159,750
92
164
$179,950
-4.19
-6.97
$158,790
0.60
2.79
93
-1.08
-6.12
148
10.81
-6.82
$371,817
$310,500
180
193
$332,222
11.92
10.03
$302,500
2.64
17.73
200
-10.00
3.45
168
14.88
37.86
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