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 February, 2014
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 8.20 percent, or from $295,343 in January to
$271,131 in February. Compared to last year, average sales price increased 30.11 percent. Median sales price
decreased 17.51 percent from last month and increased 18.58 percent from last year. Since last year, the two
largest increases in average sales price were 35.62 percent in Gulf Beach and 14.23 percent in Eastern Shore. In
the same period, the two largest increases in median sales price were 24.07 percent in Gulf Beach and 14.19
percent in Central Baldwin.
Sales: Total sales in Baldwin County increased 26.59 percent from last month’s sales and 14.58 percent from last
year. The largest increase during last month was 58.82 percent in Eastern Shore, or from 68 to 108 sales.
Compared to last year, Gulf Beach had a 45.82 percent increase in number of sales.
Days on Market: Average days on the market between January and February increased from 127 to 161 days, or
26.77 percent. Since last year, average days decreased 12.97 percent. Compared to January, average days on the
market increased in Central, South and Gulf Beach by 7.97 percent, 8.81 percent, and 79.78 percent, respectively.
U.S.: U.S. sales increased 6.9 percent from November to December, 2013. Compared to last year, U.S. sales rose
3.5 percent. Average sales price increased 1.3 percent from November, and 7.0 percent from the previous year.
Median sales price increased 1.1 percent from November, and 9.7 percent relative to last year. The inventory
month’s supply decreased 9.8 percent from the previous month.
Overall Analysis: For the month of February, the Baldwin residential market showed decreases in sales price
indicators and increases in number of sales and average days on the market. Thus, these indicators show that
more lower-priced sales drove the market in February.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Dec-12
374,000
$230,600
$180,200
4.5
Nov-13
362,000
$243,600
$195,500
5.1
Dec-13
387,000
$246,700
$197,700
4.6
Vs. Last
Month (%)
6.9
1.3
1.1
-9.8
Vs. Last
Year (%)
3.5
7.0
9.7
2.2
Median Sales Price
$200,000
$190,000
$180,000
$170,000
Dec-12
Nov-13
Dec-13
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 February 2014
Baldwin County
Areas
Total County
Jan-14
% vs prv mo
% vs prv year
North Baldwin
Jan-14
% vs prev mo
% vs prev year
Eastern Shore
Jan-14
% vs prev mo
% vs prev year
Central
Jan-14
% vs prev mo
% vs prev year
South
Jan-14
% vs prev mo
% vs prev year
Gulf Beach
Jan-14
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$271,131
$189,725
338
161
$295,343
-8.20
30.11
$230,000
-17.51
18.58
267
26.59
14.58
127
26.77
-12.97
$108,038
$97,051
8
131
$153,817
-29.76
-23.65
$129,950
-25.32
-4.85
6
33.33
-50.00
138
-5.07
-32.12
$239,225
$179,638
108
161
$241,759
-1.05
14.23
$204,500
-12.16
-3.79
68
58.82
8.00
161
0.00
-4.73
$122,221
$125,500
24
149
$149,720
-18.37
6.95
$130,000
-3.46
14.19
23
4.35
-11.11
138
7.97
1.36
$141,125
$127,000
58
173
$169,107
-16.55
-0.81
$142,400
-10.81
4.96
55
5.45
3.57
159
8.81
-2.26
$384,452
$318,850
140
160
$423,910
-9.31
35.62
$408,500
-21.95
24.07
115
-3.39
45.83
89
79.78
-26.27
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