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 April, 2016
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 0.01%, or from $251,026 in March to $251,053 in
April. Compared to last year, average sales price decreased by 5.76%. Median sales price increased 18.96% from
last month, and increased 14.99% from last year. Since last year, the largest increase in average sales price was
0.36% in North Baldwin. During the same time period, the largest increase in median sales price was in Gulf Beach
with 2.62%.
Sales: Total sales in Baldwin County decreased from 445 to 416 sales, or 6.52% since last month. The largest
increase since the previous month was 2.63% in Central Baldwin, or from 38 to 39 sales. Compared to last year,
the largest increase in sales was also in Central Baldwin with an 8.33% change in number of sales.
Days on Market: Average days on the market between March and April increased from 158 to 159 days, a 0.63%
decrease. Since last year, average days increased by 0.63%. Compared to March, average days on the market
increased in North Baldwin and South Baldwin by 104.85% and 27.94%, respectively.
U.S.: U.S. sales increased 4.0% from January, 2016 to February, 2016. Compared to last year, total sales increased
from 295,000 to 314,000. Average sales price decreased by 0.9% since January, and increased by 3.0% from the
previous year. Median sales price decreased 0.7% from January, and increased by 5.1% relative to last year. The
inventory month’s supply increased by 10.0% from the previous month.
Overall Analysis: For the month of April, the Baldwin residential market showed increases in average sales price,
median sales price and inventory month’s supply, while showing a decrease in number of sales. Per the latest
national housing statistics, the U.S. market in February showed a decrease in average sales price and median sales
price, while showing an increase in sales and inventory month’s supply since the previous month.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median
Sales Price
Inventory
Months
Supply
$215,000
$210,000
Jan-15
295,000
$247,800
$201,900
4.6
Dec-15
302,000
$257,700
$213,700
4.0
Jan-16
314,000
$255,300
$212,100
4.4
Vs. Last
Month (%)
4.0
-0.9
-0.7
10.0
Vs. Last
Year (%)
6.4
3.0
5.1
-4.3
Median Sales Price
$205,000
$200,000
$195,000
Feb-15
Jan-16
Feb-16
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: Inga-Lena Koerner, 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 April 2016
Baldwin County
Areas
Total County
Mar-16
% vs prv mo
% vs prv year
North Baldwin
Mar-16
% vs prev mo
% vs prev year
Eastern Shore
Mar-16
% vs prev mo
% vs prev year
Central
Mar-16
% vs prev mo
% vs prev year
South
Mar-16
% vs prev mo
% vs prev year
Gulf Beach
Mar-16
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$251,053
$251,833
416
159
$251,026
0.01
-5.76
$211,695
18.96
14.99
445
-6.52
-24.23
158
0.63
0.63
$155,639
$123,500
8
211
$144,467
7.73
0.36
$130,000
-5.00
-18.48
15
-46.67
-42.86
103
104.85
19.21
$253,841
$224,000
133
137
$257,717
-1.50
-6.77
$232,950
-3.84
0.00
156
-14.74
-25.28
134
2.24
-3.52
$142,376
$139,900
39
126
$170,958
-16.72
-18.56
$168,063
-16.76
-10.86
38
2.63
8.33
191
-34.03
-21.25
$172,087
$158,500
89
174
$185,841
-7.40
-4.73
$162,900
-2.70
-3.88
95
-6.32
-16.82
136
27.94
14.47
$327,658
$293,500
149
176
$320,457
2.25
0.18
$315,000
-6.83
2.62
141
5.67
-30.37
197
-10.66
1.73
Areas Defined as:
North
Bay Minette, Stapleton, North Baldwin County
Eastern Shore
Central
Spanish Fort, Daphne, Fairhope
Seminole, Loxley, Silverhill, Robertsdale, Summerdale
South
Gulf Beach
Bon Secour, Gulf Shores N-ICW, Magnolia Springs, Foley, Lillian, Elberta
Orange Beach, Gulf Shores S - ICW, Fort Morgan