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 October, 2014
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 7.24 percent, or from $233,848 in September to
$250,790 in October. Compared to last year, average sales price decreased 6.93 percent. Median sales price
decreased 0.53 percent from last month, and decreased 9.44 percent from last year. Since last year, the largest
increase in average sales price was 28.97 percent in Eastern Shore. The two regions with the two largest increases
in median sales price during the same time period were Central Baldwin with 31.31 percent and North Baldwin
with 12.81 percent.
Sales: Total sales in Baldwin County increased from 377 to 411 sales, or 9.02 percent, since last month and
increased 15.77 percent from last year. The largest increase since the previous month was 100 percent in North
Baldwin, or from 10 to 20 sales. Compared to last year, the largest increase in sales was also in North Baldwin
with a 233.33 percent change in number of sales.
Days on Market: Average days on the market between September and October decreased from 165 to 152 days,
or 7.88 percent. Since last year, average days increased 2.01 percent. Compared to September, average days on
the market increased in Eastern Shore and South Baldwin by 5.88 and 21.97, respectively.
U.S.: U.S. sales decreased 3.0 percent from July to August, 2014. Compared to last year, sales decreased 7.5
percent. Average sales price decreased by 1.4 percent since July, and increased by 2.8 percent from the previous
year. Median sales price decreased 1.4 percent from July, and increased by 4.1 percent relative to last year. The
inventory month’s supply did not see a change from the previous month.
Overall Analysis: For the month of October, the Baldwin residential market showed an increase in the average
sales price and the number of sales, while showing a decrease in median sales price and average days on the
market. Per the latest national housing statistics, the U.S. market in August showed decreases in sales, average
sales price, and median sales price since the previous month, while inventory month’s supply did not change.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median
Sales Price
Inventory
Months
Supply
Aug-13
518,000
$256,600
$209,700
5.0
Jul-14
494,000
$267,500
$221,600
5.5
Aug-14
479,000
$263,800
$218,400
5.5
Vs. Last
Month (%)
-3.0
-1.4
-1.4
0.0
Vs. Last
Year (%)
-7.5
2.8
4.1
10.0
Median Sales Price
$225,000
$220,000
$215,000
$210,000
$205,000
$200,000
Aug-13
Jul-14
Aug-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: Paul Leon, 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 October 2014
Baldwin County
Areas
Total County
Sep-14
% vs prv mo
% vs prv year
North Baldwin
Sep-14
% vs prev mo
% vs prev year
Eastern Shore
Sep-14
% vs prev mo
% vs prev year
Central
Sep-14
% vs prev mo
% vs prev year
South
Sep-14
% vs prev mo
% vs prev year
Gulf Beach
Sep-14
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$250,790
$189,000
411
152
$233,848
7.24
-6.93
$190,000
-0.53
-9.44
377
9.02
15.77
165
-7.88
2.01
$122,115
$90,250
20
129
$119,950
1.80
7.09
$110,000
-17.95
12.81
10
100.00
233.33
194
-33.51
-43.91
$263,552
$200,300
135
162
$235,476
11.92
28.97
$208,975
-4.15
8.56
110
22.73
17.39
153
5.88
10.96
$126,934
$130,000
33
121
$146,950
-13.62
-0.91
$137,500
-5.45
31.31
23
43.48
57.14
170
-28.82
-10.37
$153,661
$148,725
78
161
$160,727
-4.40
2.64
$138,000
7.77
9.36
95
-17.89
16.42
132
21.97
1.26
$337,093
$290,000
145
148
$305,108
10.48
-16.24
$260,000
11.54
-16.55
139
-3.39
-0.68
195
-24.10
1.37
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