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 May, 2014
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased by 1.25 percent, or from $257,269 in April to
$260,491 in May. Compared to last year, average sales price increased 4.75 percent. Median sales price
decreased 0.83 percent from last month and increased 7.37 percent from last year. Since last year, the two largest
increases in average sales price were 30.54 percent in South Baldwin Co. and 8.17 percent in North Baldwin Co.
These two regions also had the two largest increases in median sales price during the same time period with 32.83
percent in South Baldwin Co. and 40.89 percent in North Baldwin Co.
Sales: Total sales in Baldwin County increased from 386 to 457 sales, or 18.39 percent since last month’s sales
and decreased 7.11 percent from last year. The largest increase since the previous month was 62.50 percent in
North Baldwin, or from 8 to 13sales. Compared to last year, Eastern Shore the largest decrease in sales was in
Central Baldwin with a 29.03 percent decrease in number of sales.
Days on Market: Average days on the market between April and May decreased from 169 to 154 days, or 8.88
percent. Since last year, average days decreased 10.98 percent. Compared to April, average days on the market
increased in Central and South Baldwin, by 60.0 and 6.83 percent, respectively.
U.S.: U.S. sales increased 25.9 percent from February to March, 2014. Compared to last year, sales decreased 8.3
percent. Average sales price increased by 3.5 percent since February, and increased by 5.0 percent from the
previous year. Median sales price increased 4.5 percent from February, and increased by 6.9 percent relative to
last year. The inventory month’s supply increased by 2.0 percent from the previous month.
Overall Analysis: For the month of May, the Baldwin residential market showed increases in average sales price
and number of sales and decreases in median sales price and average days on the market. Per the latest national
housing statistics, the U.S. market in March showed an increase in sales, average sales price, median sales price,
and inventory month’s supply since the precious month.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Mar-13
387,000
$233,100
$184,000
4.7
Feb-14
282,000
$236,600
$188,300
5.0
Mar-14
355,000
$244,800
$196,700
5.1
Vs. Last
Month (%)
25.9
3.5
4.5
2.0
Vs. Last
Year (%)
-8.3
5.0
6.9
8.5
Median Sales Price
$200,000
$190,000
$180,000
$170,000
Mar-13
Feb-14
Mar-14
Data Sources: All data taken from the Baldwin Multi-List, Martha Taylor, Office: 251.947.3777, and National Association of Realtors:
Median Sales Price
www.realtor.com.
Data gathered by: Andrea Justiniano, Senior Research Associate $190,000
For additional information: Will Berry, MLS Coordinator, Office: 251.947.3777
$180,000 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.
$170,000
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, $160,000
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 doesFeb-13
not constitute an endorsement,
or favoring by USA.
Jan-14recommendation,
Feb-14
Baldwin County Residential
For the Month of May 2014
Baldwin County
Areas
Total County
Apr-14
% vs prv mo
% vs prv year
North Baldwin
Apr-14
% vs prev mo
% vs prev year
Eastern Shore
Apr-14
% vs prev mo
% vs prev year
Central
Apr-14
% vs prev mo
% vs prev year
South
Apr-14
% vs prev mo
% vs prev year
Gulf Beach
Apr-14
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$260,491
$204,000
457
154
$257,269
1.25
4.75
$205,700
-0.83
7.37
386
18.39
-7.11
169
-8.88
-10.98
$140,858
$119,900
13
152
$98,050
43.66
8.17
$85,750
39.83
40.89
8
62.50
18.18
197
-22.84
-12.14
$248,967
$226,608
158
141
$241,228
3.21
-0.44
$212,500
6.64
11.08
109
44.95
-9.20
191
-26.18
-13.50
$130,342
$111,500
22
240
$129,326
0.79
5.28
$124,000
-10.08
9.31
29
-24.14
-29.03
150
60.00
100.00
$185,269
$155,408
98
172
$157,854
17.37
30.54
$150,000
3.61
32.83
81
20.99
-1.01
161
6.83
1.78
$342,487
$274,950
166
146
$350,258
-2.22
1.86
$300,000
-8.35
-1.80
159
-3.39
-6.21
160
-8.75
-24.74
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