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 October, 2013
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 3.86 percent from $261,509 in September to
$251,415 in October. Compared to last year, average sales price increased by 7.40 percent. Median sales price
decreased 3.34 percent from last month and increased 10.47 percent from last year. Median sales price increased
in South and Gulf Beach by 0.42 percent and 7.67 percent, respectively, and decreased in North Baldwin, Eastern
Shore, and Central by 3.61 percent, 15.35 percent, and 10.49 percent, respectively, relative to September.
Sales: Total sales in Baldwin County decreased 13.12 percent from last month’s sales and increased 7.47 percent
from last year. Sales increased in Eastern Shore by 5.66 percent compared to September. Compared to last year,
sales increased in the following areas: Eastern Shore by 17.89 percent and Gulf Beach by 21.15 percent.
Days on Market: Average days on the market between September and October, 2013, fell from 162 to 157 days,
or 3.09 percent. Between October, 2012, and October, 2013, average days declined from 184 to 157 days, or
14.67 percent. Compared to September, North Baldwin decreased 9.09 percent, Eastern Shore decreased 14.12
percent, Central decreased 15.09 percent, South increased 6.67 percent, and Gulf Beach increased 7.10 percent.
U.S.: U.S. sales decreased 0.2 percent from July to August, 2013. Compared to last year, U.S. sales rose 8.8
percent. Average sales price decreased 0.9 percent from last month, and increased 10.1 percent from last year.
Median sales price decreased 1.3 percent from July, and increased 13.4 percent relative to last year. The
inventory month’s supply fell 2.0 percent from last month and 18.3 percent from last year.
Overall Analysis: For the month of October, the Baldwin residential market showed higher sales with decreased
sales price and average days on the market. Gulf Beach had the highest year-to-date increase in number of sales
and median sales price and Eastern Shore had the highest year-to-date decrease in 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
Aug-12
476,000
$233,100
$184,900
6.0
Jul-13
519,000
$259,000
$212,400
5.0
Aug-13
518,000
$256,600
$209,700
4.9
Vs. Last
Month
(%)
-0.2
-0.9
-1.3
-2.0
$180,000
Vs. Last
Year (%)
8.8
10.1
13.4
-18.3
$170,000
Aug-12
Median Sales Price
$220,000
$210,000
$200,000
$190,000
Jul-13
Aug-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: DeWayne Cochran, 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 E-mail:
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 October 2013
Baldwin County
Areas
Total County
Sep-13
% vs prv mo
% vs prv year
North Baldwin
Sep-13
% vs prev mo
% vs prev year
Eastern Shore
Sep-13
% vs prev mo
% vs prev year
Central
Sep-13
% vs prev mo
% vs prev year
South
Sep-13
% vs prev mo
% vs prev year
Gulf Beach
Sep-13
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$251,415
$190,000
331
157
$261,509
-3.86
7.40
$196,565
-3.34
10.47
381
-13.12
7.47
162
-3.09
-14.67
$114,033
$80,000
6
230
$95,179
19.81
-24.59
$83,000
-3.61
-30.74
12
-50.00
-40.00
253
-9.09
29.94
$204,432
$183,750
112
146
$262,342
-22.07
-15.51
$217,075
-15.35
-3.29
106
5.66
17.89
170
-14.12
-20.22
$128,095
$99,000
21
135
$104,707
22.34
30.22
$110,600
-10.49
10.80
30
-30.00
-34.38
159
-15.09
-17.18
$149,332
$132,950
66
160
$151,405
-1.37
10.84
$132,400
0.42
4.77
74
-10.81
-1.49
150
6.67
-3.03
$373,746
$323,000
126
166
$354,335
5.48
9.71
$300,000
7.67
29.20
159
-20.75
21.15
155
7.10
-19.02
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