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 March, 2014
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 1.03 percent, or from $269,576 in February to
$266,811 in March. Compared to last year, average sales price increased 15.24 percent. Median sales price
increased 1.20 percent from last month and increased 9.09 percent from last year. Since last year, the two largest
increases in average sales price were 33.43 percent in Gulf Beach and 31.68 percent in North Baldwin. These two
regions also had the two largest increases in median sales price with 65.66 percent in North Baldwin and 30.79
percent in Gulf Beach.
Sales: Total sales in Baldwin County increased from 342 to 357 sales or 4.39 percent since last month’s sales and
decreased 9.16 percent from last year. The largest increase during last month was 55.17 percent in South
Baldwin, or from 58 to 90 sales. Compared to last year, Gulf Beach had a 37.50 percent increase in number of
sales.
Days on Market: Average days on the market between February and March increased from 161 to 163 days, or
1.24 percent. Since last year, average days decreased 14.66 percent. Compared to February, average days on the
market increased in Central and South Baldwin by 14.29 and 8.09 percent, respectively.
U.S.: U.S. sales decreased 27.4 percent from December 2013 to January 2014. Compared to last year, U.S. sales
decreased 3.4 percent. Average sales price decreased 4.1 percent from December, and increased 8.4 percent from
the previous year. Median sales price decreased 5.0 percent from December, and increased 10.1 percent relative
to last year. The inventory month’s supply increased 6.5 percent from the previous month.
Overall Analysis: For the month of March, 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. Thus, these indicators
show that more lower-priced sales drove the market in March. Per the latest national housing statistics, the U.S.
market in January showed a decrease in sales, average sales price, and median sales price while inventory
month’s supply increased.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Jan-13
291,000
$218,300
$170,600
4.4
Dec-13
387,000
$246,700
$197,700
4.6
Jan-14
281,000
$236,600
$187,900
4.9
Vs. Last
Month (%)
-27.4
-4.1
-5.0
6.5
Vs. Last
Year (%)
-3.4
8.4
10.1
11.4
Median Sales Price
$200,000
$180,000
$160,000
$140,000
Jan-13
Dec-13
Jan-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, Research Associate
$200,000
For additional information: Will Berry, MLS Coordinator, Office: 251.947.3777
$190,000 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.
$180,000
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, $170,000
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 does not constitute an endorsement, recommendation, or favoring by USA.
Dec-12
Nov-13
Dec-13
Baldwin County Residential
For the Month of March2014
Baldwin County
Areas
Total County
Feb-14
% vs prv mo
% vs prv year
North Baldwin
Feb-14
% vs prev mo
% vs prev year
Eastern Shore
Feb-14
% vs prev mo
% vs prev year
Central
Feb-14
% vs prev mo
% vs prev year
South
Feb-14
% vs prev mo
% vs prev year
Gulf Beach
Feb-14
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$266,811
$192,000
357
163
$269,576
-1.03
15.24
$189,725
1.20
9.09
342
4.39
-9.16
161
1.24
-14.66
$137,257
$123,000
7
114
$108,038
27.05
31.68
$97,051
26.74
65.66
8
-12.50
-41.67
131
-12.98
-39.04
$247,234
$207,875
112
157
$237,925
3.91
-0.14
$179,638
15.72
0.38
110
1.82
-1.75
162
-3.09
-7.65
$132,383
$125,000
27
168
$118,332
11.87
26.34
$125,000
0.00
10.72
25
8.00
-22.86
147
14.29
-1.75
$166,178
$151,950
90
187
$141,125
17.75
17.25
$127,000
19.65
26.63
58
55.17
25.00
173
8.09
33.57
$397,274
$309,000
121
152
$383,087
3.70
33.43
$317,700
-2.74
30.79
141
-3.39
37.50
159
-4.40
-35.04
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