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 August, 2014
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 2.60 percent, or from $242,185 in July to $248,477
in August. Compared to last year, average sales price increased 1.42 percent. Median sales price decreased 1.30
percent from last month, but increased 8.03 percent from last year. Since last year, the largest increase in average
sales price was 28.56 percent in North Baldwin. The two regions with the two largest increases in median sales
price during the same time period were North Baldwin with 29.71 percent and Eastern Shore with 13.10 percent.
Sales: Total sales in Baldwin County increased from 398 to 431 sales, or 8.29 percent, since last month’s sales
and decreased 4.65 percent from last year. The largest increase since the previous month was 87.50 percent in
North Baldwin, or from 8 to 15 sales. Compared to last year, the largest increase in sales was also in North
Baldwin with a 7.14 percent change in number of sales.
Days on Market: Average days on the market between July and August increased from 152 to 161 days, or 5.92
percent. Since last year, average days increased 3.21 percent. Compared to July, average days on the market
increased in Central Baldwin, North Baldwin, and Gulf Beach by 20.86, 15.92, and 9.47 percent, respectively.
U.S.: U.S. sales increased 7.0 percent from May to June, 2014. Compared to last year, sales increased 1.2
percent. Average sales price increased by 3.4 percent since May, and increased by 2.7 percent from the previous
year. Median sales price increased 4.7 percent from May, and increased by 3.7 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 August, the Baldwin residential market showed increases in average sales
price, number of sales, and average days on the market, while showing a decrease in the median sales price. Per
the latest national housing statistics, the U.S. market in June showed increases 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
Jun-13
500,000
$261,000
$214,000
5.0
May-14
473,000
$259,400
$212,000
5.5
Jun-14
506,000
$268,100
$222,000
5.5
Vs. Last
Month (%)
7.0
3.4
4.7
0.0
Vs. Last
Year (%)
1.2
2.7
3.7
10.0
Median Sales Price
$225,000
$220,000
$215,000
$210,000
$205,000
Jun-13
May-14
Jun-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 August 2014
Baldwin County
Areas
Total County
Jul-14
% vs prv mo
% vs prv year
North Baldwin
Jul-14
% vs prev mo
% vs prev year
Eastern Shore
Jul-14
% vs prev mo
% vs prev year
Central
Jul-14
% vs prev mo
% vs prev year
South
Jul-14
% vs prev mo
% vs prev year
Gulf Beach
Jul-14
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$248,477
$198,500
431
161
$242,185
2.60
1.42
$201,113
-1.30
8.03
398
8.29
-4.65
152
5.92
3.21
$130,225
$121,000
15
182
$145,597
-10.56
28.56
$140,750
-14.03
29.71
8
87.50
7.14
157
15.92
82.00
$250,633
$224,500
151
136
$239,838
4.50
6.65
$210,000
6.90
13.10
155
-2.58
0.00
130
4.62
-12.82
$113,119
$109,950
28
197
$162,718
-30.48
-0.28
$143,750
-23.51
1.43
20
40.00
0.00
163
20.86
49.24
$155,265
$141,250
84
147
$173,976
-10.75
2.49
$140,500
0.53
6.00
84
0.00
-6.67
163
-9.82
10.53
$333,889
$270,000
153
185
$306,731
8.85
-1.06
$241,000
12.03
-3.23
131
-3.39
-9.47
169
9.47
5.11
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