5811 USA Drive South | Mobile, AL 36688
http://creed.southalabama.edu
Telephone: (251) 460-6735
Baldwin County, AL
Quarterly Residential Housing Update
2015 | 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
2015 – Quarter 1
1
Baldwin Quarterly Residential Housing Update
Baldwin County Sales Data
Total unit sales for the first quarter of 2015 in Baldwin County were 1,132. Compared to the first quarter
of 2014, total unit sales increased by 15.51% in the first quarter of 2015. Of the 1,132 sales, 69.17% were single
family homes and 30.83% 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
2015 - 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
1150
1100
1050
1000
950
900
850
800
94
339
199
99
42
10
21
96
83
114
35
0
115
435
282
213
77
10
783
69.17%
349
30.83%
1132
100%
Total Unit Sales by Property Type
Single Family
1132
980
937
Total
+ 15.51%
3.89%
Condo/Multifamily
783
647
543
622
276
290
2012 - Q1
2013 - Q1
358
349
2014 - Q1
2015 - Q1
819
2012 - Q1
2013 - Q1
2014 - Q1
2015 - Q1
Average days on the market (DOM) for the first quarter of 2015
were 167 days. Average DOM increased by 10.6% compared to
the first quarter of 2014.
Avg. DOM
200
186
184
167
151
150
+10.6%
100
50
0
2012 - Q1
2013 - Q1
2014 - Q1
2015 - Q1
2015 – Quarter 1
2
Baldwin Quarterly Residential Housing Update
Baldwin County Sales Data (continued)
Average sales price in Baldwin County decreased to $251,738 in the first quarter of 2015, a 9.30% change from
the first quarter of 2014. Median sales price decreased to $204,700 in the first quarter of 2015, down by 0.15%
compared to the first quarter of 2014.
Quarterly Average & Median Sales Price by Year
Single Family, Condo/Multifamily
$300,000
- 9.30%
$250,000
$200,000
- 0.15%
$150,000
$100,000
Average Sale Price
Median Sale Price
2012 - Q1
$211,558
$162,000
2013 - Q1
$220,567
$169,500
2015 - Q1
$251,738
$204,700
Total Quarterly Sold Dollar Volume by
Property Type
Total Sold Dollar Volume
2015 - Q1
Single Family
2014 - Q1
$277,537
$205,000
Condo/Multifamily
$102,433,442
35.95%
$182,534,363
64.05%
+ 34.91%
$200,000,000
$175,000,000
$150,000,000
$125,000,000
$100,000,000
$75,000,000
$50,000,000
- 25.06%
2012 - Q1
2013 - Q1
Single Family
2014 - Q1
2015 - Q1
Condo/Multifamily
Total Sold Dollar Volume
Single Family, Condo/Multifamily
$300,000,000
$271,986,247
$250,000,000
$200,000,000
$284,967,805
$206,671,535
$173,265,607
+ 4.77%
$150,000,000
$100,000,000
2012 - Q1
2013 - Q1
2014 - Q1
2015 - Q1
2015 – 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
2014 - Q1
2015 - Q1
24
292
77
204
384
29
386
76
240
401
Change
2015 - Q1
North Baldwin
3%
20.83%
32.19%
-1.30%
17.65%
4.43%
Eastern Shore
Central Baldwin
35% 34%
South Baldwin
Gulf Beach
7%
21%
Average Sales Price
Region
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
2014 - Q1
2015 - Q1
$126,378
$243,069
$132,648
$159,790
$404,407
$133,336
$261,841
$130,013
$168,825
$323,271
Change
5.51%
7.72%
-1.99%
5.65%
-20.06%
2014 - Q1
$500,000
$400,000
$300,000
$200,000
$100,000
$0
North
Baldwin
Eastern
Shore
2015 - 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
2014 - Q1
$118,000
$196,290
$126,000
$142,200
$335,000
2015 - Q1
$134,900
$219,950
$122,250
$148,750
$272,500
Change
14.32%
12.05%
-2.98%
4.61%
-18.66%
2014 - Q1
$500,000
$400,000
$300,000
$200,000
$100,000
$0
North
Baldwin
Eastern
Shore
2015 - Q1
Central
Baldwin
Average Days on the Market
Region
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
2014 - Q1
128
159
149
175
135
2015 - Q1
136
157
167
158
186
Change
6.25%
-1.26%
12.08%
-9.71%
37.78%
2014 - Q1
200
2015 - Q1
100
0
North
Baldwin
Eastern
Shore
Central
Baldwin
Total Home Sales Sold Dollar Volume
Region
2014 - Q1
2015 - Q1
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
$2,906,701
$70,976,064
$10,213,895
$32,597,187
$155,292,400
$3,866,755
$101,070,484
$9,880,962
$40,518,086
$129,631,518
Change
33.03%
42.40%
-3.26%
24.30%
-16.52%
2015 - Q1
North Baldwin
1%
Eastern Shore
46% 35%
Central Baldwin
South Baldwin
14%
4%
Gulf Beach
2015 – Quarter 1
4
Baldwin Quarterly Residential Housing Update
5
North Baldwin Region Sales Data by Zone
Total Unit Sales
Zone
2014 - Q1
Bay Minette
Stapleton
North Baldwin County
2015 - Q1
22
0
1
25
2
2
Change
2015 - Q1
Bay Minette
7%
7%
13.64%
#DIV/0!
100.00%
Stapleton
86%
North Baldwin County
Average Sales Price
Zone
2014 - Q1
Bay Minette
Stapleton
North Baldwin County
2015 - Q1
$125,991
$0
$134,900
$132,390
$152,003
$126,500
Change
5.08%
#DIV/0!
-6.23%
2014 - Q1
2015 - Q1
$200,000
$100,000
$0
Bay Minette
Stapleton
North Baldwin
County
Median Sales Price
Zone
2014 - Q1
Bay Minette
Stapleton
North Baldwin County
2015 - Q1
$115,550
$0
$134,900
$134,900
$152,003
$126,500
2014 - Q1
Change
$200,000
16.75%
#DIV/0!
-6.23%
$100,000
2015 - Q1
$0
Bay Minette
Stapleton
North Baldwin
County
Average Days on the Market
Zone
2014 - Q1
Bay Minette
Stapleton
North Baldwin County
2015 - Q1
126
0
158
142
75
121
2014 - Q1
Change
200
12.70%
#DIV/0!
-23.42%
100
2015 - Q1
0
Bay Minette
Stapleton
North Baldwin
County
Total Home Sales Sold Dollar Volume
Zone
Bay Minette
Stapleton
North Baldwin County
2014 - Q1
$2,771,801
$0
$134,900
2015 - Q1
$3,309,750
$304,005
$253,000
Change
19.41%
#DIV/0!
87.55%
2015 - Q1
8%
Bay Minette
6%
Stapleton
86%
North Baldwin
County
2015 – Quarter 1
Baldwin Quarterly Residential Housing Update
Eastern Shore Region Sales Data by Zone
Total Unit Sales
Zone
2014 - Q1
Spanish Fort
Daphne
Fairhope
2015 - Q1
37
127
128
50
162
174
Change
2015 - Q1
Spanish Fort
13%
35.14%
27.56%
35.94%
Daphne
45%
42%
Fairhope
Average Sales Price
Zone
2014 - Q1
Spanish Fort
Daphne
Fairhope
$272,102
$215,589
$261,941
2015 - Q1
$279,208
$225,235
$290,931
Change
2.61%
4.47%
11.07%
2014 - Q1
2015 - Q1
$400,000
$200,000
$0
Spanish Fort
Daphne
Fairhope
Median Sales Price
Zone
2014 - Q1
Spanish Fort
Daphne
Fairhope
$277,275
$177,000
$206,250
2015 - Q1
$269,950
$188,000
$228,500
Change
-2.64%
6.21%
10.79%
2014 - Q1
2015 - Q1
$300,000
$200,000
$100,000
$0
Spanish Fort
Daphne
Fairhope
Average Days on the Market
Zone
2014 - Q1
Spanish Fort
Daphne
Fairhope
170
138
178
2015 - Q1
127
150
172
Change
-25.29%
8.70%
-3.37%
2014 - Q1
2015 - Q1
200
100
0
Spanish Fort
Total Home Sales Sold Dollar Volume
Zone
Spanish Fort
Daphne
Fairhope
2014 - Q1
2015 - Q1
$10,067,778 $13,960,423
$27,379,817 $36,487,994
$33,528,469 $50,622,067
Change
38.66%
33.27%
50.98%
2015 - Q1
Daphne
Fairhope
Spanish Fort
14%
Daphne
50%
36%
Fairhope
2015 – Quarter 1
6
Baldwin Quarterly Residential Housing Update
Central Baldwin Region Sales Data by Zone
Total Unit Sales
Zone
2014 - Q1
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
2015 - Q1
2
30
8
25
12
2
22
10
28
14
Change
2015 - Q1
Seminole
3%
0.00%
-26.67%
25.00%
12.00%
16.67%
18%
Loxley
Silverhill
29%
Robertsdale
37%
Summerdale
13%
Average Sales Price
Zone
2014 - Q1
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
$240,000
$137,340
$121,244
$130,796
$114,486
2015 - Q1
$72,216
$119,806
$185,578
$114,984
$144,678
Change
-69.91%
-12.77%
53.06%
-12.09%
26.37%
2014 - Q1
2015 - Q1
$300,000
$200,000
$100,000
$0
Seminole
Loxley
Silverhill Robertsdale Summerdale
Median Sales Price
2014 - Q1
Zone
2014 - Q1
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
$240,000
$135,000
$120,500
$125,000
$89,000
2015 - Q1
$72,216
$134,925
$159,000
$105,000
$142,400
Change
-69.91%
-0.06%
31.95%
-16.00%
60.00%
2015 - Q1
$300,000
$200,000
$100,000
$0
Seminole
Loxley
Silverhill Robertsdale Summerdale
Average Days on the Market
Zone
2014 - Q1
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
384
145
109
177
86
2015 - Q1
101
174
125
147
234
Change
-73.70%
20.00%
14.68%
-16.95%
172.09%
2014 - Q1
2015 - Q1
600
400
200
0
Seminole
Loxley
Silverhill Robertsdale Summerdale
Total Home Sales Sold Dollar Volume
Zone
2014 - Q1
2015 - Q1
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
$480,000
$4,120,200
$969,950
$3,269,910
$1,373,835
$144,431
$2,635,730
$1,855,776
$3,219,538
$2,025,487
Change
-69.91%
-36.03%
91.33%
-1.54%
47.43%
2015 - Q1
Seminole
1%
Loxley
20% 27%
Silverhill
33% 19%
Robertsdale
Summerdale
2015 – 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
2014 - Q1
2015 - Q1
1
44
2
119
29
9
Average Sales Price
2014 - Q1
2015 - Q1
$46,900
$197,211
$170,500
$160,400
$97,179
$180,689
Median Sales Price
2014 - Q1
4
48
7
120
40
21
$115,100
$239,503
$208,643
$151,799
$116,510
$201,181
2015 - Q1
Bon Secour
$46,900
$126,250
Gulf Shores - North ICW
$187,000
$220,000
Magnolia Springs
$170,500
$130,000
Foley
$144,000
$141,118
Lillian
$100,000
$114,350
Elberta
$136,000
$164,900
Average Days on the Market
Zone
2014 - Q1
2015 - Q1
Bon Secour
81
202
Gulf Shores - North ICW
169
154
Magnolia Springs
81
50
Foley
176
156
Lillian
196
190
Elberta
153
144
Total Home Sales Sold Dollar Volume
Zone
2014 - Q1
2015 - Q1
Bon Secour
Gulf Shores - North ICW
Magnolia Springs
Foley
Lillian
Elberta
$46,900
$8,677,296
$341,000
$19,087,591
$2,818,200
$1,626,200
$460,400
$11,496,136
$1,460,500
$18,215,850
$4,660,400
$4,224,800
Change
2015 - Q1
Bon Secour
Change
881.66%
32.49%
328.30%
-4.57%
65.37%
159.80%
Foley
3%
Lillian
Elberta
2014 - Q1
$300,000
2015 - Q1
$200,000
$100,000
$0
Bon Secour Gulf Shores - Magnolia
North ICW Springs
2014 - Q1
$300,000
Foley
Lillian
Elberta
2015 - Q1
$200,000
$100,000
$0
Bon Secour Gulf Shores Magnolia
- North ICW Springs
Change
149.38%
-8.88%
-38.27%
-11.36%
-3.06%
-5.88%
Magnolia Springs
50%
Change
169.19%
17.65%
-23.75%
-2.00%
14.35%
21.25%
20%
17%
Change
145.42%
21.45%
22.37%
-5.36%
19.89%
11.34%
Gulf Shores - North ICW
9% 1%
300.00%
9.09%
250.00%
0.84%
37.93%
133.33%
2014 - Q1
300
Foley
Lillian
Elberta
Lillian
Elberta
2015 - Q1
200
100
0
Bon Secour Gulf Shores Magnolia
- North ICW Springs
Foley
Bon Secour
2015 - Q1
Gulf Shores - North ICW
10% 1%
Magnolia Springs
12%
28%
45%
Foley
4%
Lillian
Elberta
2015 – Quarter 1
8
Baldwin Quarterly Residential Housing Update
Gulf Beach Region Sales Data by Zone
Total Unit Sales
Zone
2014 - Q1
Orange Beach
Gulf Shores - South ICW
Fort Morgan
2015 - Q1
251
108
25
231
135
35
Change
2015 - Q1
Orange Beach
9%
-7.97%
25.00%
40.00%
Gulf Shores - South ICW
34%
57%
Fort Morgan
Average Sales Price
Zone
2014 - Q1
Orange Beach
Gulf Shores - South ICW
Fort Morgan
$477,883
$250,731
$330,596
2015 - Q1
$365,281
$271,581
$245,374
Change
-23.56%
8.32%
-25.78%
2014 - Q1
$600,000
2015 - Q1
$400,000
$200,000
$0
Orange Beach
Gulf Shores - South
ICW
Fort Morgan
Median Sales Price
Zone
2014 - Q1
Orange Beach
Gulf Shores - South ICW
Fort Morgan
$415,000
$231,500
$317,000
2015 - Q1
$316,200
$220,000
$210,000
Change
-23.81%
-4.97%
-33.75%
2014 - Q1
$600,000
2015 - Q1
$400,000
$200,000
$0
Orange Beach
Gulf Shores - South
ICW
Fort Morgan
Average Days on the Market
Zone
2014 - Q1
Orange Beach
Gulf Shores - South ICW
Fort Morgan
90
215
234
2015 - Q1
177
187
244
Change
96.67%
-13.02%
4.27%
2014 - Q1
300
2015 - Q1
200
100
0
Orange Beach
Gulf Shores - South
ICW
Fort Morgan
Total Home Sales Sold Dollar Volume
Zone
2014 - Q1
2015 - Q1
Orange Beach
Gulf Shores - South ICW
Fort Morgan
$119,948,525
$27,078,975
$8,264,900
$84,379,934
$36,663,484
$8,588,100
Change
-29.65%
35.39%
3.91%
2015 - Q1
Orange Beach
7%
Gulf Shores - South ICW
28%
65%
Fort Morgan
2015 – 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:
Don Epley, Director
Center for Real Estate & Economic Development
Email: depley@southalabama.edu
Phone: (251) 460-6735
This report was prepared by:
Andrea Justiniano, 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.
2015 – Quarter 1
10