Baldwin Residential Real Estate
Center for Real Estate & Economic Development
Baldwin Multi List
Go to: http://creed.southalabama.edu for more data
Special Notice to Readers
The December, 2013, Baldwin County Real Estate Report shows numbers that are higher than
the expected trends due to a large number of Gulf condo sales reported in December.
Our report is designed to report actual numbers as they appear in the market which are shown for
December. Historically, residential and condo sales are combined.
In addition, we have attached for December a separate page that shows the residential sales
reported separately from the condo sales for each region.
For additional information, contact Don Epley, Director. depley@southalabama.edu,
251.460.6735.
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 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 December, 2013
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 22.53 percent, or from $251,867 in November to
$308,605 in December. Compared to last year, average sales price increased 30.72 percent. Median sales price
increased 12.05 percent from last month and 18.11 percent from last year. Since November, the two largest
increases in average sales price were 101.96 percent in North Baldwin and 20.94 percent in Gulf Beach.
Compared to November 2012, the two largest increases in median sales price were 253.11 percent in North
Baldwin and 54.00 percent in Gulf Beach.
Sales: Total sales in Baldwin County increased 18.15 percent from last month’s sales and 20.45 percent from last
year. Sales increased in South by 12.07 percent and in Gulf Beach by 55.86 percent. 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 November and December decreased from 163 to 144
days, or 11.66 percent. Since last year, average days decreased 14.79 percent. Compared to November, average
days on the market decreased in three areas: Central by 1.42 percent, South by 9.52 percent, and Gulf Beach by
30.29 percent.
U.S.: U.S. sales decreased 0.7 percent from September to October, 2013. Compared to last year, U.S. sales rose
5.7 percent. Average sales price decreased 0.5 percent from last month, and increased 9.1 percent from last year.
Median sales price decreased 0.5 percent from September, and increased 11.6 percent relative to last year. The
inventory month’s supply decreased 5.8 percent from last year.
Overall Analysis: For the month of December, the Baldwin residential market showed increases in average sales
price, median sales price and number of sales. Also, there was a decrease in the average days on the market. With
exception to North Baldwin, Gulf Beach had the highest overall percentage increase in all four sales indicators
compared to both last month and last year.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Oct-12
401,000
$224,500
$176,900
5.2
Sep-13
427,000
$246,300
$198,500
4.9
Oct-13
424,000
$245,000
$197,500
4.9
Vs. Last
Month (%)
-0.7
-0.5
-0.5
0.0
Vs. Last
Year (%)
5.7
9.1
11.6
-5.8
Median Sales Price
$210,000
$200,000
$190,000
$180,000
$170,000
$160,000
Oct-12
Sep-13
Oct-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 December 2013
Baldwin County
Areas
Total County
Nov-13
% vs prv mo
% vs prv year
North Baldwin
Nov-13
% vs prev mo
% vs prev year
Eastern Shore
Nov-13
% vs prev mo
% vs prev year
Central
Nov-13
% vs prev mo
% vs prev year
South
Nov-13
% vs prev mo
% vs prev year
Gulf Beach
Nov-13
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$308,605
$218,500
371
144
$251,867
22.53
30.72
$195,000
12.05
18.11
314
18.15
20.45
163
-11.66
-14.79
$222,786
$216,000
7
156
$110,313
101.96
130.47
$81,500
165.03
253.11
8
-12.50
0.00
106
47.17
113.70
$275,472
$195,000
99
177
$252,920
8.92
25.17
$205,900
-5.29
3.21
108
-8.33
-1.00
165
7.27
0.57
$123,887
$118,900
27
139
$128,161
-3.33
-6.18
$111,250
6.88
35.11
29
-6.90
28.57
138
0.72
-1.42
$156,635
$146,900
65
152
$155,109
0.98
-12.18
$141,250
4.00
0.65
58
12.07
-9.72
188
-19.15
-9.52
$415,932
$385,000
173
122
$343,921
20.94
30.54
$307,000
25.41
54.00
111
55.86
60.19
158
-22.78
-30.29
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
Baldwin County Residential and Condo Sales
Reported Separately
Special Edition for the Month of
December 2013
Total Residential
Sales
212
Total Condo
Sales
217
97
7
8
0
0
91
105
8
3
Nov-13
27
29
0
0
Nov-13
57
54
8
4
30
21
144
90
Baldwin County
Areas
Total County
Nov-13
North Baldwin
Nov-13
Eastern Shore
Nov-13
Central
South
Gulf Beach
Nov-13
160
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