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 April, 2014
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 3.98 percent, or from $267,735 in March to
$257,074 in April. Compared to last year, average sales price increased 9.71 percent. Median sales price
increased 6.74 percent from last month and increased 7.36 percent from last year. Since last year, the two largest
increases in average sales price were 15.86 percent in Gulf Beach and 3.73 percent in South Baldwin. These two
regions also had the two largest increases in median sales price during the same time period with 14.34 percent in
South Baldwin and 10.06 percent in Gulf Beach.
Sales: Total sales in Baldwin County increased from 360 to 376 sales, or 4.44 percent since last month’s sales
and decreased 9.40 percent from last year. The largest increase since the previous month was 3.70 percent in
Central Baldwin, or from 27 to 28 sales. Compared to last year, Eastern Shore had a 17.83 percent decrease in
number of sales.
Days on Market: Average days on the market between March and April increased from 162 to 171 days, or 5.56
percent. Since last year, average days decreased 0.58 percent. Compared to March, average days on the market
increased in North Baldwin, Eastern Shore and Gulf Beach by 57.60, 24.36 and 7.28 percent, respectively.
U.S.: U.S. sales increased 0.4 percent from January to February, 2014. Compared to last year, sales decreased 7.2
percent. There was no change in average sales price since January, yet it increased 7.1 percent from the previous
year. Median sales price increased 0.2 percent from January, and increased 8.7 percent relative to last year. The
inventory month’s supply increased 2.0 percent from the previous month.
Overall Analysis: For the month of April, the Baldwin residential market showed a decrease in average sales
price and increases in median sales price, number of sales, and average days on the market. Per the latest national
housing statistics, the U.S. market in February showed a slight increase in sales, median sales price, and
inventory month’s supply.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Feb-13
304,000
$220,900
$173,200
4.6
Jan-14
281,000
$236,600
$187,900
4.9
Feb-14
282,000
$236,600
$188,300
5.0
Vs. Last
Month (%)
0.4
0.0
0.2
2.0
Vs. Last
Year (%)
-7.2
7.1
8.7
8.7
Median Sales Price
$190,000
$180,000
$170,000
$160,000
Feb-13
Jan-14
Feb-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 April 2014
Baldwin County
Areas
Total County
Mar-14
% vs prv mo
% vs prv year
North Baldwin
Mar-14
% vs prev mo
% vs prev year
Eastern Shore
Mar-14
% vs prev mo
% vs prev year
Central
Mar-14
% vs prev mo
% vs prev year
South
Mar-14
% vs prev mo
% vs prev year
Gulf Beach
Mar-14
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$257,074
$203,875
376
171
$267,735
-3.98
9.71
$191,000
6.74
7.36
360
4.44
-9.40
162
5.56
-0.58
$98,050
$85,750
8
197
$134,850
-27.29
-36.00
$120,500
-28.84
-37.41
8
0.00
-27.27
125
57.60
18.67
$241,918
$211,200
106
194
$246,595
-1.90
1.26
$207,750
1.66
-0.89
113
-6.19
-17.83
156
24.36
20.50
$131,623
$130,250
28
151
$132,383
-0.57
-7.79
$125,000
4.20
3.58
27
3.70
-17.65
168
-10.12
34.82
$157,259
$150,000
78
162
$166,178
-5.37
3.73
$151,950
-1.28
14.34
90
-13.33
-7.14
187
-13.37
-2.41
$347,952
$299,900
156
162
$400,902
-13.21
15.86
$312,000
-3.88
10.06
122
-3.39
-0.64
151
7.28
-17.77
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