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 June, 2015
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 2.07 percent, or from $273,087 in May to $267,425
in June. Compared to last year, average sales price increased 2.67 percent. Median sales price increased 4.19
percent from last month, and increased 22.58 percent from last year. Since last year, the largest increase in
average sales price was 25.67 percent in South Baldwin. During the same time period, the largest increase in
median sales price was in Central Baldwin with 24.92 percent.
Sales: Total sales in Baldwin County increased from 528 to 534 sales, or 1.14 percent since last month. The
largest increase since the previous month was 30.30 percent in Central Baldwin, or from 33 to 43 sales.
Compared to last year, the largest increase in sales was also in Central Baldwin with a 72.0 percent change in
number of sales.
Days on Market: Average days on the market between May and June decreased from 172 to 154 days, or
10.47 percent. Since last year, average days increased 8.45 percent. Compared to May, average days on the
market decreased in North Baldwin and Eastern Shore by 31.93 percent and 16.36 percent, respectively.
U.S.: U.S. sales increased 10.9 percent from March, 2015 to April, 2015. Compared to last year, total sales
increased from 422,000 to 449,000. Average sales price increased by 3.0 percent since March, and increased by
5.3 percent from the previous year. Median sales price increased 3.8 percent from March, and increased by 8.5
percent relative to last year. The inventory month’s supply increased 13.0 percent from the previous month.
Overall Analysis: For the month of June, the Baldwin residential market showed increases in median sales price
and the number of sales, while showing decreases in the average sales price and the average days on the market.
Per the latest national housing statistics, the U.S. market in April showed increases in sales, average sales price,
median sales price, and inventory month’s supply increased 13.0 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
Apr-14
422,000
$250,700
$201,500
5.6
Mar-15
405,000
$256,300
$210,700
4.6
Apr-15
449,000
$263,900
$218,700
5.2
Vs. Last
Month (%)
10.9
3.0
3.8
13.0
Vs. Last
Year (%)
6.4
5.3
8.5
-7.1
Median Sales Price
$220,000
$210,000
$200,000
$190,000
Apr-14
Mar-15
Apr-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 June 2015
Baldwin County
Areas
Total County
May-15
% vs prv mo
% vs prv year
North Baldwin
May-15
% vs prev mo
% vs prev year
Eastern Shore
May-15
% vs prev mo
% vs prev year
Central
May-15
% vs prev mo
% vs prev year
South
May-15
% vs prev mo
% vs prev year
Gulf Beach
May-15
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$267,425
$273,087
-2.07
2.67
$229,220
$220,000
4.19
22.58
534
528
1.14
2.10
154
172
-10.47
8.45
$133,659
$130,711
2.26
-9.45
$130,000
$114,950
13.09
0.04
17
18
-5.56
41.67
113
166
-31.93
-28.93
$282,859
$264,984
6.75
8.52
$256,600
$225,590
13.75
20.16
193
205
-5.85
6.04
138
165
-16.36
-9.80
$164,602
$149,900
43
133
$143,219
14.93
39.81
$144,950
3.41
24.92
33
30.30
72.00
135
-1.48
0.76
$196,391
$161,000
94
170
$172,418
13.90
25.67
$159,750
0.78
15.57
92
2.17
-29.32
164
3.66
15.65
$323,008
$315,000
187
173
$371,817
-13.13
-12.72
$310,500
1.45
6.78
180
3.89
9.36
193
-10.36
36.22
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