5811 USA Drive South | Mobile, AL 36688
http://creed.southalabama.edu
Telephone: (251) 460-6710
Baldwin County, AL
Quarterly Residential Housing Update
2016 | Quarter 1
Baldwin County Association of REALTORS®
23280 County Road 65 | Robertsdale, AL 36567
www.southalabamamls.com
Telephone: (251) 947-3777
Baldwin Quarterly Residential Housing Update
Table of Contents
Baldwin County Sales Data ............................................. 2
Baldwin County Sales Data by Region ............................ 4
North Baldwin Region Sales Data by Zone...................... 5
Eastern Shore Region Sales Data by Zone ...................... 6
Central Baldwin Region Sales Data by Zone ................... 7
South Baldwin Region Sales Data by Zone...................... 8
Gulf Beach Region Sales Data by Zone ........................... 9
Credentials and Contact Information ........................... 10
2016 – Quarter 1
1
Baldwin Quarterly Residential Housing Update
Baldwin County Sales Data
Total unit sales for the first quarter of 2016 in Baldwin County were 1,143. Compared to the first quarter
of 2015, total unit sales did not see a change in the first quarter of 2016. Of the 1,143 sales, 71.13% were single
family homes and 28.87% were condo/multifamily homes. Most residential properties sold in the $100,000$199,999 price range, with most of them being single family properties.
Total Unit Sales by Price Range
2016 - Q1
Price Range
Single Family Condo/Multifamily
$0-$99,999
$100,000-$199,999
$200,000-$299,999
$300,000-$499,999
$500,000-$999,999
Over $1 million
Total
% of Total Sales
Total Unit Sales
1200
1150
1100
1050
1000
950
900
850
800
87
337
195
151
39
4
31
97
63
115
23
1
118
434
258
266
62
5
813
71.13%
330
28.87%
1143
100%
Total Unit Sales by Property Type
Single Family
1143
1143
0.0%
3.89%
982
647
2015 - Q1
2016 - Q1
813
622
290
2014 - Q1
Condo/Multifamily
792
937
2013 - Q1
Total
2013 - Q1
Average days on the market (DOM) for the first quarter of 2016
were 159 days. Average DOM decreased by 4.79% compared to
the first quarter of 2015.
360
351
330
2014 - Q1
2015 - Q1
2016 - Q1
Avg. DOM
200
- 4.79%
184
152
167
159
2015 - Q1
2016 - Q1
150
100
50
0
2013 - Q1
2014 - Q1
2016 – Quarter 1
2
Baldwin Quarterly Residential Housing Update
Baldwin County Sales Data (continued)
Average sales price in Baldwin County decreased to $249,201 in the first quarter of 2016, a 1.35% change from
the first quarter of 2015. Median sales price increased to $207,350 in the first quarter of 2016, a 1.15% increase
compared to the first quarter of 2015.
Quarterly Average & Median Sales Price by Year
Single Family, Condo/Multifamily
$300,000
- 1.35%
$250,000
$200,000
+ 1.15%
$150,000
$100,000
Average Sale Price
Median Sale Price
2013 - Q1
$220,567
$169,500
2014 - Q1
$277,990
$205,000
2015 - Q1
$252,604
$205,000
2016 - Q1
$249,201
$207,350
Total Quarterly Sold Dollar Volume by
Property Type
Total Sold Dollar Volume
2016 - Q1
$200,000,000
Single Family
Condo/Multifamily
+ 3..97%
$150,000,000
$92,191,146
32.37%
$100,000,000
- 10.87%
$192,645,687
67.63%
$50,000,000
2013 - Q1
2014 - Q1
Single Family
2015 - Q1
2016 - Q1
Condo/Multifamily
Total Sold Dollar Volume
Single Family, Condo/Multifamily
$272,986,247
$300,000,000
$250,000,000
$288,726,085
$284,836,833
$206,671,535
$200,000,000
- 1.35%
$150,000,000
$100,000,000
2013 - Q1
2014 - Q1
2015 - Q1
2016 - Q1
2016 – Quarter 1
3
Baldwin Quarterly Residential Housing Update
Baldwin County Sales Data by Region
Total Unit Sales
Region
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
2015 - Q1
2016 - Q1
29
391
79
241
403
30
387
93
255
384
Change
2016 - Q1
North Baldwin
3%
3.45%
-1.02%
17.72%
5.81%
-4.71%
Eastern Shore
Central Baldwin
33% 34%
South Baldwin
Gulf Beach
8%
22%
Average Sales Price
Region
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
2015 - Q1
2016 - Q1
$133,336
$263,307
$132,126
$169,426
$324,160
$145,734
$254,654
$160,657
$178,546
$320,170
Change
9.30%
-3.29%
21.59%
5.38%
-1.23%
2015 - Q1
$400,000
$300,000
$200,000
$100,000
$0
North
Baldwin
Eastern
Shore
2016 - Q1
Central
Baldwin
South
Baldwin
Gulf Beach
South
Baldwin
Gulf Beach
South
Baldwin
Gulf Beach
Median Sales Price
Region
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
2015 - Q1
$134,900
$220,000
$122,500
$150,000
$275,000
2016 - Q1
$112,450
$225,000
$154,900
$155,000
$299,950
Change
-16.64%
2.27%
26.45%
3.33%
9.07%
2015 - Q1
$500,000
$400,000
$300,000
$200,000
$100,000
$0
North
Baldwin
Eastern
Shore
2016 - Q1
Central
Baldwin
Average Days on the Market
Region
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
2015 - Q1
136
156
163
158
185
2016 - Q1
180
140
152
146
186
Change
32.35%
-10.26%
-6.75%
-7.59%
0.54%
2015 - Q1
200
2016 - Q1
100
0
North
Baldwin
Eastern
Shore
Central
Baldwin
Total Home Sales Sold Dollar Volume
Region
2015 - Q1
2016 - Q1
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
$3,866,755
$102,953,189
$10,437,962
$40,831,661
$130,636,518
$4,372,010
$98,551,201
$14,941,080
$45,529,225
$122,945,369
Change
13.07%
-4.28%
43.14%
11.50%
-5.89%
2016 - Q1
North Baldwin
2%
Eastern Shore
43% 34%
Central Baldwin
South Baldwin
16%
5%
Gulf Beach
2016 – Quarter 1
4
Baldwin Quarterly Residential Housing Update
North Baldwin Region Sales Data by Zone
Total Unit Sales
Zone
2015 - Q1
Bay Minette
Stapleton
North Baldwin County
2016 - Q1
25
2
2
Change
28
1
1
2016 - Q1
Bay Minette
3%
4%
12.00%
-50.00%
-50.00%
Stapleton
93%
North Baldwin County
Average Sales Price
Zone
2015 - Q1
Bay Minette
Stapleton
North Baldwin County
2016 - Q1
$132,390
$152,003
$126,500
$146,572
$49,000
$219,000
Change
10.71%
-67.76%
73.12%
2015 - Q1
$300,000
2016 - Q1
$200,000
$100,000
$0
Bay Minette
Stapleton
North Baldwin County
Median Sales Price
Zone
2015 - Q1
Bay Minette
Stapleton
North Baldwin County
2016 - Q1
$134,900
$152,003
$126,500
$112,450
$49,000
$219,000
Change
-16.64%
-67.76%
73.12%
2015 - Q1
$300,000
2016 - Q1
$200,000
$100,000
$0
Bay Minette
Stapleton
North Baldwin County
Average Days on the Market
Zone
2015 - Q1
Bay Minette
Stapleton
North Baldwin County
2016 - Q1
142
75
121
182
32
281
Change
28.17%
-57.33%
132.23%
2015 - Q1
300
2016 - Q1
200
100
0
Bay Minette
Stapleton
North Baldwin County
Total Home Sales Sold Dollar Volume
Zone
Bay Minette
Stapleton
North Baldwin County
2015 - Q1
$3,309,750
$304,005
$253,000
2016 - Q1
$4,104,010
$49,000
$219,000
Change
24.00%
-83.88%
-13.44%
2016 - Q1
Bay Minette
1%
5%
Stapleton
94%
North Baldwin County
2016 – Quarter 1
5
Baldwin Quarterly Residential Housing Update
Eastern Shore Region Sales Data by Zone
Total Unit Sales
Zone
Spanish Fort
Daphne
Fairhope
2015 - Q1
2016 - Q1
52
164
175
58
156
174
Change
2016 - Q1
Spanish Fort
15%
11.54%
-4.88%
-0.57%
Daphne
45%
40%
Fairhope
Average Sales Price
Zone
Spanish Fort
Daphne
Fairhope
2015 - Q1
2016 - Q1
$282,700
$226,797
$291,760
$267,290
$212,927
$288,081
Change
-5.45%
-6.12%
-1.26%
$400,000
2015 - Q1
2016 - Q1
$200,000
$0
Spanish Fort
Daphne
Fairhope
Median Sales Price
Zone
Spanish Fort
Daphne
Fairhope
2015 - Q1
$269,950
$188,000
$229,000
2016 - Q1
$260,000
$197,000
$238,700
Change
-3.69%
4.79%
4.24%
$300,000
2015 - Q1
2016 - Q1
$200,000
$100,000
$0
Spanish Fort
Daphne
Fairhope
Average Days on the Market
Zone
Spanish Fort
Daphne
Fairhope
2015 - Q1
127
151
171
2016 - Q1
145
143
136
Change
14.17%
-5.30%
-20.47%
200
2015 - Q1
2016 - Q1
100
0
Spanish Fort
Total Home Sales Sold Dollar Volume
Zone
Spanish Fort
Daphne
Fairhope
2015 - Q1
$14,700,423
$37,194,699
$51,058,067
2016 - Q1
$15,502,844
$33,216,579
$50,126,023
Change
5.46%
-10.70%
-1.83%
Daphne
2016 - Q1
Fairhope
Spanish Fort
16%
Daphne
51% 33%
Fairhope
2016 – Quarter 1
6
Baldwin Quarterly Residential Housing Update
Central Baldwin Region Sales Data by Zone
Total Unit Sales
Zone
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
2015 - Q1
2016 - Q1
3
23
11
28
14
Change
1
38
19
14
22
2016 - Q1
-66.67%
65.22%
72.73%
-50.00%
57.14%
Seminole
1%
Loxley
23% 41%
Silverhill
Robertsdale
15%
Summerdale
20%
Average Sales Price
Zone
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
2015 - Q1
2016 - Q1
$156,477
$116,119
$186,616
$114,984
$144,678
$290,000
$174,485
$148,329
$106,072
$175,843
Change
85.33%
50.26%
-20.52%
-7.75%
21.54%
2015 - Q1
$400,000
2016 - Q1
$200,000
$0
Seminole
Loxley
Silverhill Robertsdale Summerdale
Median Sales Price
Zone
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
2015 - Q1
$90,000
$129,900
$162,000
$105,000
$142,400
2016 - Q1
$290,000
$156,000
$161,295
$106,000
$155,375
Change
222.22%
20.09%
-0.44%
0.95%
9.11%
2015 - Q1
$400,000
2016 - Q1
$200,000
$0
Seminole
Loxley
Silverhill Robertsdale Summerdale
Average Days on the Market
Zone
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
2015 - Q1
85
170
118
147
234
2016 - Q1
97
165
132
119
170
Change
14.12%
-2.94%
11.86%
-19.05%
-27.35%
2015 - Q1
300
2016 - Q1
200
100
0
Seminole
Loxley
Silverhill Robertsdale Summerdale
Total Home Sales Sold Dollar Volume
Zone
2015 - Q1
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
$469,431
$2,670,730
$2,052,776
$3,219,538
$2,025,487
2016 - Q1
$290,000
$6,630,448
$2,818,246
$1,485,001
$3,868,550
Change
-38.22%
148.26%
37.29%
-53.88%
90.99%
2016 - Q1
Seminole
2%
25%
10%
19%
Loxley
Silverhill
44%
Robertsdale
Summerdale
2016 – Quarter 1
7
Baldwin Quarterly Residential Housing Update
South Baldwin Region Sales Data by Zone
Total Unit Sales
Zone
Bon Secour
Gulf Shores - North ICW
Magnolia Springs
Foley
Lillian
Elberta
Zone
Bon Secour
Gulf Shores - North ICW
Magnolia Springs
Foley
Lillian
Elberta
Zone
2015 - Q1
2016 - Q1
4
48
7
121
40
21
Average Sales Price
2015 - Q1
2016 - Q1
$115,100
$239,503
$208,643
$153,136
$116,510
$201,181
Median Sales Price
2015 - Q1
1
71
2
123
41
13
$120,000
$225,990
$217,500
$157,213
$143,740
$234,023
2016 - Q1
Bon Secour
$126,250
$120,000
Gulf Shores - North ICW
$220,000
$196,890
Magnolia Springs
$130,000
$217,500
Foley
$141,750
$145,700
Lillian
$114,350
$126,900
Elberta
$164,900
$167,900
Average Days on the Market
Zone
2015 - Q1
2016 - Q1
Bon Secour
202
258
Gulf Shores - North ICW
154
165
Magnolia Springs
50
236
Foley
155
146
Lillian
190
116
Elberta
144
109
Total Home Sales Sold Dollar Volume
Zone
2015 - Q1
2016 - Q1
Bon Secour
Gulf Shores - North ICW
Magnolia Springs
Foley
Lillian
Elberta
$460,400
$11,496,136
$1,460,500
$18,529,425
$4,660,400
$4,224,800
$120,000
$16,045,257
$435,000
$19,337,166
$5,893,350
$3,042,300
Change
2016 - Q1
Bon Secour
16%
Magnolia Springs
28%
2015 - Q1
$300,000
Change
-73.94%
39.57%
-70.22%
4.36%
26.46%
-27.99%
2016 - Q1
$200,000
$100,000
$0
Bon Secour Gulf Shores - Magnolia
North ICW Springs
2015 - Q1
$300,000
Foley
Lillian
Elberta
2016 - Q1
$200,000
$100,000
$0
Bon Secour Gulf Shores Magnolia
- North ICW Springs
Change
27.72%
7.14%
372.00%
-5.81%
-38.95%
-24.31%
Lillian
Elberta
Change
-4.95%
-10.50%
67.31%
2.79%
10.98%
1.82%
Foley
1%
49%
Change
4.26%
-5.64%
4.25%
2.66%
23.37%
16.32%
Gulf Shores - North ICW
5% 1%
-75.00%
47.92%
-71.43%
1.65%
2.50%
-38.10%
2015 - Q1
300
Foley
Lillian
Elberta
Lillian
Elberta
2016 - Q1
200
100
0
Bon Secour Gulf Shores Magnolia
- North ICW Springs
Bon Secour
2016 - Q1
13%
Foley
7%
0%
Gulf Shores - North ICW
Magnolia Springs
36%
Foley
43%
Lillian
1%
Elberta
2016 – Quarter 1
8
Baldwin Quarterly Residential Housing Update
Gulf Beach Region Sales Data by Zone
Total Unit Sales
Zone
2015 - Q1
Orange Beach
Gulf Shores - South ICW
Fort Morgan
2016 - Q1
233
135
35
207
152
25
Change
2016 - Q1
Orange Beach
6%
-11.16%
12.59%
-28.57%
Gulf Shores - South ICW
40% 54%
Fort Morgan
Average Sales Price
Zone
2015 - Q1
Orange Beach
Gulf Shores - South ICW
Fort Morgan
$366,459
$271,581
$245,374
2016 - Q1
$362,829
$270,524
$268,802
Change
-0.99%
-0.39%
9.55%
2015 - Q1
$400,000
2016 - Q1
$200,000
$0
Orange Beach
Gulf Shores - South
ICW
Fort Morgan
Median Sales Price
Zone
2015 - Q1
Orange Beach
Gulf Shores - South ICW
Fort Morgan
$316,200
$220,000
$210,000
2016 - Q1
$330,000
$237,500
$180,000
Change
4.36%
7.95%
-14.29%
2015 - Q1
$400,000
2016 - Q1
$200,000
$0
Orange Beach
Gulf Shores - South
ICW
Fort Morgan
Average Days on the Market
Zone
2015 - Q1
Orange Beach
Gulf Shores - South ICW
Fort Morgan
2016 - Q1
176
187
244
213
143
227
Change
21.02%
-23.53%
-6.97%
2015 - Q1
300
2016 - Q1
200
100
0
Orange Beach
Gulf Shores - South
ICW
Fort Morgan
Total Home Sales Sold Dollar Volume
Zone
2015 - Q1
2016 - Q1
Orange Beach
Gulf Shores - South ICW
Fort Morgan
$85,384,934
$36,663,484
$8,588,100
$75,105,691
$41,119,628
$6,720,050
Change
-12.04%
12.15%
-21.75%
2016 - Q1
Orange Beach
6%
Gulf Shores - South ICW
33%
61%
Fort Morgan
2016 – Quarter 1
9
Baldwin Quarterly Residential Housing Update
Credentials and Contact Information
Data Source:
All data is provided by the Baldwin Association of REALTORS® Multiple Listing Service.
For further information about the data, contact Martha Taylor at marthataylor@baldwinrealtors.org or
(251) 947-3777.
All inquiries regarding this report should be directed to:
Dr. J. Reid Cummings, Director
Center for Real Estate & Economic Development
Email: cummings@southalabama.edu
Phone: (251) 460-6710
This report was prepared by:
Paul Leon, Senior Research Associate
Center for Real Estate & Economic Development
Mitchell College of Business
University of South Alabama
Disclaimer:
USA takes reasonable measures to ensure the quality of the data and other information produced. However,
warranty, expressed or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or
USA makes no 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.
2016 – Quarter 1
10