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 July, 2014
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 6.38 percent, or from $259,296 in June to $242,757
in July. Compared to last year, average sales price decreased 6.99 percent. Median sales price increased 8.33
percent from last month and increased 7.39 percent from last year. Since last year, the two largest increases in
average sales price were 36.44 percent in Central Baldwin and 12.07 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 19.17
percent and North Baldwin with 8.31 percent.
Sales: Total sales in Baldwin County decreased from 519 to 343 sales, or 33.91 percent since last month’s sales
and decreased 17.94 percent from last year. The largest decrease since the previous month was 37.59 percent in
South Baldwin, or from 133 to 83 sales. Compared to last year, the largest decrease in sales was in North
Baldwin with a 42.86 percent change in number of sales.
Days on Market: Average days on the market between June and July increased from 143 to 153 days, or 6.99
percent. Since last year, average days decreased 6.13 percent. Compared to June, average days on the market
increased in Central Baldwin, South Baldwin, and Gulf Beach by 23.48, 10.88, and 32.03 percent, respectively.
U.S.: U.S. sales increased 12.1 percent from April to May, 2014. Compared to last year, sales decreased 8.0
percent. Average sales price increased by 3.5 percent since April, and increased by 3.3 percent from the previous
year. Median sales price increased 5.2 percent from April, and increased by 4.4 percent relative to last year. The
inventory month’s supply decreased by 3.5 percent from the previous month.
Overall Analysis: For the month of July, the Baldwin residential market showed decreases in average sales price
and number of sales and increases in median sales price and average days on the market. Per the latest national
housing statistics, the U.S. market in April showed increases 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
May-13
514,000
$251,100
$203,100
5.0
Apr-14
422,000
$250,700
$201,500
5.7
May-14
473,000
$259,400
$212,000
5.5
Vs. Last
Month (%)
12.1
3.5
5.2
-3.5
Vs. Last
Year (%)
-8.0
3.3
4.4
10.0
Median Sales Price
$215,000
$210,000
$205,000
$200,000
$195,000
May-13
Apr-14
May-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 July 2014
Baldwin County
Areas
Total County
Jun-14
% vs prv mo
% vs prv year
North Baldwin
Jun-14
% vs prev mo
% vs prev year
Eastern Shore
Jun-14
% vs prev mo
% vs prev year
Central
Jun-14
% vs prev mo
% vs prev year
South
Jun-14
% vs prev mo
% vs prev year
Gulf Beach
Jun-14
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$242,757
$202,305
343
153
$259,296
-6.38
-6.99
$186,750
8.33
7.39
519
-33.91
-17.94
143
6.99
-6.13
$145,597
$140,750
8
157
$147,611
-1.36
25.44
$129,950
8.31
15.37
12
-33.33
-42.86
159
-1.26
-19.90
$239,927
$212,500
152
132
$260,144
-7.77
-11.50
$213,540
-0.49
-5.13
180
-15.56
-5.59
154
-14.29
-9.59
$160,638
$143,000
19
163
$117,735
36.44
38.28
$120,000
19.17
21.19
25
-24.00
-34.48
132
23.48
16.43
$175,132
$141,000
83
163
$156,276
12.07
13.46
$139,305
1.22
5.22
133
-37.59
15.28
147
10.88
-1.21
$306,731
$241,000
131
169
$368,340
-16.73
-11.73
$295,000
-18.31
-14.77
169
-3.39
-7.75
128
32.03
-6.63
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