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 June, 2014
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 0.28 percent, or from $259,409 in May to $258,671
in June. Compared to last year, average sales price increased 2.41 percent. Median sales price decreased 7.90
percent from last month and increased 0.95 percent from last year. Since last year, the two largest increases in
average sales price were 10.11 percent in Gulf Beach and 5.93 percent in North Baldwin. These two regions also
had the two largest increases in median sales price during the same time period with 14.12 percent in Gulf Beach
and 8.34 percent in North Baldwin.
Sales: Total sales in Baldwin County increased from 466 to 511 sales, or 9.66 percent since last month’s sales
and increased 26.17 percent from last year. The largest increase since the previous month was 34.34 percent in
South Baldwin, or from 99 to 133 sales. Compared to last year, the largest increase in sales was in South
Baldwin with a 72.73 percent change in number of sales.
Days on Market: Average days on the market between May and June decreased from 153 to 144 days, or 5.88
percent. Since last year, average days decreased 29.06 percent. Compared to May, average days on the market
increased in North Baldwin and Eastern Shore by 9.21 and 10.00 percent, respectively.
U.S.: U.S. sales increased 18.9 percent from March to April, 2014. Compared to last year, sales decreased 7.0
percent. Average sales price increased by 2.4 percent since March, and increased by 3.7 percent from the
previous year. Median sales price increased 2.4 percent from March, and increased by 5.1 percent relative to last
year. The inventory month’s supply increased by 11.8 percent from the previous month.
Overall Analysis: For the month of June, the Baldwin residential market showed increases in number of sales
and decreases in average sales price, median sales price and average days on the market. Per the latest national
housing statistics, the U.S. market in April showed an increase 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
Apr-13
454,000
$241,700
$191,800
5.2
Mar-14
355,000
$244,800
$196,700
5.1
Apr-14
422,000
$250,700
$201,500
5.7
Vs. Last
Month (%)
18.9
2.4
2.4
11.8
Vs. Last
Year (%)
-7.0
3.7
5.1
9.6
Median Sales Price
$205,000
$200,000
$195,000
$190,000
$185,000
Apr-13
Mar-14
Apr-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: Michelle Pinochet, Senior Research Analyst
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 June 2014
Baldwin County
Areas
Total County
May-14
% vs prv mo
% vs prv year
North Baldwin
May-14
% vs prev mo
% vs prev year
Eastern Shore
May-14
% vs prev mo
% vs prev year
Central
May-14
% vs prev mo
% vs prev year
South
May-14
% vs prev mo
% vs prev year
Gulf Beach
May-14
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$258,671
$186,750
511
144
$259,409
-0.28
2.41
$202,768
-7.90
0.95
466
9.66
26.17
153
-5.88
-29.06
$149,212
$129,900
11
166
$140,858
5.93
46.96
$119,900
8.34
10.55
13
-15.38
22.22
152
9.21
10.67
$260,144
$213,540
180
154
$250,605
3.81
2.68
$226,608
-5.77
1.71
160
12.50
25.00
140
10.00
-12.99
$117,735
$120,000
25
132
$130,342
-9.67
-14.21
$111,500
7.62
-6.61
22
13.64
4.17
240
-45.00
-15.38
$156,276
$139,305
133
147
$184,307
-15.21
2.13
$154,815
-10.02
2.43
99
34.34
72.73
175
-16.00
-9.82
$370,282
$295,000
162
132
$336,294
10.11
12.21
$258,500
14.12
17.06
172
-3.39
7.28
142
-7.04
-49.43
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