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 January, 2014
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 4.08 percent, or from $309,318 in December to
$296,698 in January. Compared to last year, average sales price increased 36.33 percent. Median sales price
increased 5.02 percent from last month and 39.44 percent from last year. Since December, the two largest
increases in average sales price were 20.40 percent in Central Baldwin and 8.45 percent in South Baldwin.
Compared to January 2013, the two largest increases in median sales price were 44.47 in Gulf Beach and 35.26
percent in Central Baldwin.
Sales: Total sales in Baldwin County decreased 17.35 percent from last month’s sales and increased by 6.5
percent from last year. The highest decrease during last month was in Eastern Shore by 34 percent from 100 to 66
sales. Compared to last year, sales increased in two areas: Central by 28.57 percent, and Gulf Beach by 60.19
percent.
Days on Market: Average days on the market between December and January decreased from 143 to 127 days,
or 11.19 percent. Since last year, average days decreased 25.73 percent. Compared to December, average days on
the market decreased in three areas: North by 11.54, Eastern Shore by 9.14, and Gulf Beach by 27.05 percent.
U.S.: U.S. sales decreased 14.6 percent from October to November, 2013. Compared to last year, U.S. sales
declined 6.0 percent. Average sales price decreased 0.6 percent from October, and increased 6.9 percent from
November 2012. Median sales price decreased 1.0 percent from October, and increased 9.0 percent relative to last
year. The inventory month’s supply increased 6.3 percent from last year.
Overall Analysis: For the month of January, the Baldwin residential market showed decreases in average sales
price, number of sales, and average days on the market. With exception to North Baldwin, all areas have
increased both average and median sales price since January 2013. Gulf Beach has the highest annual percentage
increase in both average and median sales price.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Nov-12
385,000
$227,900
$179,400
4.8
Oct-13
424,000
$245,000
$197,500
4.9
Nov-13
362,000
$243,600
$195,500
5.1
Vs. Last
Month (%)
-14.6
-0.6
-1.0
4.1
Vs. Last
Year (%)
-6.0
6.9
9.0
6.3
Median Sales Price
$200,000
$190,000
$180,000
$170,000
Nov-12
Oct-13
Nov-13
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.
$210,000
$200,000
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$190,000
of South Alabama, Office: 251.460.6735 or Email:
$180,000
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 does not constitute an endorsement, recommendation, or favoring by USA.
Oct-12
Sep-13
Oct-13
Data gathered by: Andrea Justiniano, Research Associate
Baldwin County Residential
For the Month of January 2014
Baldwin County
Areas
Total County
Dec-13
% vs prv mo
% vs prv year
North Baldwin
Dec-13
% vs prev mo
% vs prev year
Eastern Shore
Dec-13
% vs prev mo
% vs prev year
Central
Dec-13
% vs prev mo
% vs prev year
South
Dec-13
% vs prev mo
% vs prev year
Gulf Beach
Dec-13
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$296,698
$230,000
262
127
$309,318
-4.08
36.33
$219,000
5.02
39.44
317
-17.35
6.50
143
-11.19
-25.73
$153,817
$129,950
6
138
$222,786
-30.96
5.49
$216,000
-39.84
-7.18
7
-14.29
-25.00
156
-11.54
-34.60
$243,145
$205,750
66
159
$279,418
-12.98
12.55
$195,000
5.51
22.44
100
-34.00
-26.67
175
-9.14
-0.63
$149,156
$128,500
22
145
$123,887
20.40
26.31
$118,900
8.07
35.26
27
-18.52
15.79
139
4.32
-8.81
$169,877
$146,200
54
160
$156,635
8.45
31.33
$146,900
-0.48
20.08
65
-16.92
0.00
152
5.26
-2.44
$423,769
$411,750
114
89
$415,794
1.92
34.10
$386,500
6.53
44.47
118*
-3.39
52.00
122
-27.05
-52.91
* Average for the last quarter
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