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Report for the month of September, 2014 for more data
( Total, North, Eastern Shore, Central, South, Gulf Beach )
Prices: The average sales price in Baldwin County decreased 6.50 percent, or from $48,133 in August to
$232,012 in September. Compared to last year, average sales price decreased 11.01 percent. Median sales price decreased 4.28 percent from last month, and decreased 2.71 percent from last year. Since last year, the largest increase in average sales price was 40.34 percent in Central Baldwin. The two regions with the two largest increases in median sales price during the same time period were North Baldwin with 32.53 percent and Central
Baldwin with 24.32 percent.
Sales: Total sales in Baldwin County decreased from 432 to 369 sales, or 14.58 percent, since last month and decreased 3.91 percent from last year. The largest decrease since the previous month was 33.33 percent in North
Baldwin, or from 15 to 10 sales. Compared to last year, the largest increase in sales was in South Baldwin with a
27.03 percent change in number of sales.
Days on Market: Average days on the market between August and September increased from 162 to 165 days, or 1.85 percent. Since last year, average days increased 2.48 percent. Compared to August, average days on the market increased in North Baldwin, Eastern Shore, and Gulf Beach by 6.59, 12.5, and 4.32 percent, respectively.
U.S.: U.S. sales decreased 2.4 percent from June to July, 2014. Compared to last year, sales decreased 4.8 percent. Average sales price decreased by 0.2 percent since June, and increased by 3.3 percent from the previous year. Median sales price decreased 0.2 percent from June, and increased by 4.3 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 September, the Baldwin residential market showed decreases in average and median sales price and number of sales, while showing a increase in the average days on the market. Per the latest national housing statistics, the U.S. market in July showed decreases in sales, average sales price, and median sales price since the previous month, while inventory month’s supply did not change.
Time Sales
Average
Sales Price
Median
Sales Price
Inventory
Months
Supply
$225,000
Jul-13 519,000 $259,000 $212,400 5.0
$220,000
Jun-14 506,000 $268,100 $222,000 5.5
$215,000
Jul-14 494,000 $267,500 $221,600 5.5
Vs. Last
Month (%)
-2.4 -0.2 -0.2 0.0
$210,000
$205,000
Vs. Last
Year (%)
-4.8 3.3 4.3 10.0
Jul-13 Jun-14 Jul-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.

For the Month of September 2014
Baldwin County
Areas
Total County
Aug-14
% vs prv mo
% vs prv year
North Baldwin
Aug-14
% vs prev mo
% vs prev year
Eastern Shore
Aug-14
% vs prev mo
% vs prev year
Central
Aug-14
% vs prev mo
% vs prev year
South
Aug-14
% vs prev mo
% vs prev year
Average
Sale Price
$232,012
$248,133
-6.50
-11.01
$119,950
$130,225
-7.89
26.03
$234,976
$250,633
-6.25
-9.46
$146,950
$112,667
30.43
40.34
$160,724
$155,265
3.52
6.16
Median
Sale Price
$190,000
$198,500
-4.28
-2.71
$110,000
$121,000
-9.09
32.53
$208,975
$224,500
-6.92
-2.46
$137,500
$107,900
27.43
24.32
$136,500
$141,250
-3.36
3.10
Number of
Sales
369
432
-14.58
-3.91
10
15
-33.33
-16.67
108
151
-28.48
-0.92
23
29
-20.69
-23.33
94
84
11.90
27.03
Average Days on Market
165
162
1.85
2.48
194
182
6.59
-23.32
153
136
12.50
-8.38
170
199
-14.57
6.92
133
147
-9.52
-11.33
Gulf Beach
Aug-14
% vs prev mo
% vs prev year
$302,594
$333,889
-9.37
-14.60
$255,500
$270,000
-5.37
-14.83
134
153
-3.39
-15.72
193
185
4.32
24.52
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