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 November, 2014
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 2.42 percent, or from $249,848 in October to
$243,808 in November. Compared to last year, average sales price decreased 3.38 percent. Median sales price
increased 0.82 percent from last month, and decreased 2.82 percent from last year. Since last year, the largest
increase in average sales price was 16.88 percent in South Baldwin. The two regions with the two largest
increases in median sales price during the same time period were Central Baldwin with 13.71 percent and North
Baldwin with 16.50 percent.
Sales: Total sales in Baldwin County decreased from 416 to 348 sales, or 16.35 percent, since last month and
increased 10.48 percent from last year. The largest decrease since the previous month was 60 percent in North
Baldwin, or from 20 to 8 sales. Compared to last year, the largest increase in sales was in South Baldwin with a
43.10 percent change in number of sales.
Days on Market: Average days on the market between October and November increased from 152 to 173 days,
or 13.82 percent. Since last year, average days increased 6.13 percent. Compared to October, average days on the
market decreased in Eastern Shore by 8.54 percent.
U.S.: U.S. sales decreased 9.0 percent from August to September, 2014. Compared to last year, total sales
decreased 9.0 percent. Average sales price decreased by 3.3 percent since August, and increased by 3.5 percent
from the previous year. Median sales price decreased 4.3 percent from August, and increased by 5.3 percent
relative to last year. The inventory month’s supply decreased 3.6 percent from the previous month.
Overall Analysis: For the month of November, the Baldwin residential market showed a decrease in the average
sales price and the number of sales, while showing increases in median sales price and average days on the
market. Per the latest national housing statistics, the U.S. market in September showed decreases in sales, average
sales price, median sales price, 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
Sep-13
479,000
$246,300
$198,500
5.0
Aug-14
479,000
$263,800
$218,400
5.5
Sep-14
436,000
$255,000
$209,100
5.3
Vs. Last
Month (%)
-9.0
-3.3
-4.3
-3.6
Vs. Last
Year (%)
-9.0
3.5
5.3
6.0
Median Sales Price
$220,000
$210,000
$200,000
$190,000
$180,000
Sep-13
Aug-14
Sep-14
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: Andrea Justiniano, 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 November 2014
Baldwin County
Areas
Total County
Oct-14
% vs prv mo
% vs prv year
North Baldwin
Oct-14
% vs prev mo
% vs prev year
Eastern Shore
Oct-14
% vs prev mo
% vs prev year
Central
Oct-14
% vs prev mo
% vs prev year
South
Oct-14
% vs prev mo
% vs prev year
Gulf Beach
Oct-14
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$243,808
$189,500
348
173
$249,848
-2.42
-3.38
$187,963
0.82
-2.82
416
-16.35
10.48
152
13.82
6.13
$100,890
$94,950
8
147
$122,115
-17.38
-8.54
$90,250
5.21
16.50
20
-60.00
0.00
129
13.95
38.68
$244,630
$214,500
124
150
$261,734
-6.53
-3.28
$198,990
7.79
4.18
138
-10.14
14.81
164
-8.54
-9.09
$136,619
$126,500
25
131
$126,934
7.63
6.60
$130,000
-2.69
13.71
33
-24.24
-13.79
121
8.26
-5.07
$181,298
$153,000
83
186
$153,851
17.84
16.88
$148,725
2.87
8.32
80
3.75
43.10
158
17.72
-1.06
$326,303
$261,250
108
201
$337,093
-3.20
-5.26
$290,000
-9.91
-14.97
145
-25.52
-3.57
148
35.81
26.42
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