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 November, 2013
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased by 5.49 percent from $264,678 in October to
$250,148 in November. Compared to last year, average sales price increased by 8.84 percent. Median sales price
decreased by 4.88 percent from last month and increased by 2.63 percent from last year. Since October, the
average sales price increased in three regions of Baldwin County: Eastern Shore by 23.9 percent, Central by 0.05
percent, and South by 3.6 percent. Compared to November 2012, average sales price increased by 48.81 percent
in North Baldwin, by 4.22 percent in Eastern Shore, by 11.95 in South, and by 6.52 percent in Gulf Beach.
Sales: Total sales in Baldwin County decreased by 10.6 percent from last month’s sales and rose by 11.03
percent from November 2012. Sales increased in North Baldwin by 33.33 percent and in Central Baldwin County
by 38.1 percent. Compared to last year, sales increased in three areas: Eastern Shore by 21.35 percent, Central by
38.1 percent, and Gulf Beach by 15.96 percent.
Days on Market: Average days on the market between October and November 2013 increased from 151 to 164
days, or 8.61 percent. Between November 2012, and November 2013, average days increased by 5.81 percent.
Compared to October, average days on the market increased in four regions: Eastern Shore by 13.01 percent,
Central by 2.22 percent, South by 18.24 percent, and Gulf Beach by 8.05 percent.
U.S.: U.S. sales decreased by 17.6 percent from August to September, 2013. Compared to last year, U.S. sales
rose 14.8 percent. Average sales price decreased 4 percent from last month, and increased by 8.7 percent from
last year. Median sales price decreased by 5.3 percent from August, and increased by 11.3 percent relative to last
year. The inventory month’s supply decreased by 9.3 percent from last year.
Overall Analysis: For the month of November, the Baldwin residential market showed decreases in both average
sales price and median sales price. Also, there was a decrease in the total number of sales and an increase in the
average days on the market. Central Baldwin had the highest percentage increase in number of sales from
October 2013.North Baldwin County had lowest average days on the market.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Sep-12
372,000
$226,600
$178,300
5.4
Aug-13
518,000
$256,600
$209,700
4.9
Sep-13
427,000
$246,300
$198,500
4.9
Vs. Last
Month (%)
-17.6
-4.0
-5.3
0.0
Vs. Last
Year (%)
14.8
8.7
11.3
-9.3
Median Sales Price
$220,000
$200,000
$180,000
$160,000
Sep-12
Aug-13
Sep-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.
Data gathered by: Andrea Justiniano, Research Associate
$220,000
For additional information: DeWayne Cochran, MLS Coordinator, Office:
251.947.3777 or Dr. Don Epley, Director, Center for Real
$200,000
Estate and Economic Development, Mitchell College of Business, University of South Alabama Office: 251.460.6735 or E-mail:
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, $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 Jul-12
not constitute an endorsement,
or favoring by USA.
Jun-13recommendation,
Jul-13
Baldwin County Residential
For the Month of November 2013
Baldwin County
Areas
Total County
Oct-13
% vs prv mo
% vs prv year
North Baldwin
Oct-13
% vs prev mo
% vs prev year
Eastern Shore
Oct-13
% vs prev mo
% vs prev year
Central
Oct-13
% vs prev mo
% vs prev year
South
Oct-13
% vs prev mo
% vs prev year
Gulf Beach
Oct-13
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$250,148
$195,000
312
164
$264,678
-5.49
8.84
$205,000
-4.88
2.63
349
-10.60
11.03
151
8.61
5.81
$110,313
$81,500
8
106
$114,033
-3.26
48.81
$80,000
1.88
15.57
6
33.33
-11.11
230
-53.91
10.42
$252,920
$205,900
108
165
$204,128
23.90
4.22
$183,750
12.05
0.93
114
-5.26
21.35
146
13.01
-2.37
$128,161
$111,250
29
138
$128,095
0.05
-4.97
$99,000
12.37
1.14
21
38.10
38.10
135
2.22
24.32
$155,109
$141,250
58
188
$149,715
3.60
11.95
$136,000
3.86
13.05
67
-13.43
-14.71
159
18.24
23.68
$340,690
$307,000
109
161
$395,014
-13.75
6.52
$345,000
-11.01
11.64
141
-22.70
15.96
149
8.05
2.55
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