Baldwin Residential Real Estate
Center for Real Estate & Economic Development
Baldwin Multi List
Go to: http://cres.southalabama.edu for more data
Report for the month of September, 2013
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased by 1.87 percent from $245,603 in August to
$250,206 in September. Compared to last year, average sales price increased by 3.72 percent. Median sales price
increased by 0.27 percent from last month and increased by 9.6 percent from last year. Since August, the average
sales price dropped in four regions of Baldwin County: North Baldwin by 6.04 percent, Central by 7.25 percent,
South by 0.06 percent, and Gulf Beach by 0.29 percent. Compared to September 2012, average sales price
increased by 27.46 percent in Eastern Shore and by 19.97 percent in South Baldwin County.
Sales: Total sales in Baldwin County decreased by 19.56 percent from last month’s sales and rose by 19.08
percent from September 2012. Sales increased in Central Baldwin County by 11.11 percent. Compared to last
year, sales increased in four areas: North Baldwin County by 200 percent, Central by 66.67 percent, South by
37.04 percent, and Gulf Beach by 33.33 percent.
Days on Market: Average days on the market between August and September 2013 increased from 155 to 167
days, or 7.74 percent. Between September 2012, and September 2013, average days declined by 8.74 percent.
Compared to August, average days on the market increased in four regions: North Baldwin by 153 percent,
Eastern Shore by 6.37 percent, Central by 32.5 percent, and South by 12.78 percent.
U.S.: U.S. sales increased by 3.8 percent from June to July, 2013. Compared to last year, U.S. sales rose 20
percent. Average sales price decreased 0.8 percent from last month, and increased by 9.7 percent from last year.
Median sales price decreased by 0.7 percent from June, and increased by 13.1 percent relative to last year. The
inventory month’s supply decreased by 2.0 percent from last month and by 20.6 percent from last year.
Overall Analysis: For the month of September, the Baldwin residential market showed increases in both average
sales price and median sales price. There was a decrease in the total number of sales and an increase in the
average days on the market. North Baldwin had the highest percentage increase in number of sales from
September 2012. South and Central Baldwin County had the 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
Jul-12
430,000
$236,100
$187,800
6.3
Jun-13
500,000
$261,000
$214,000
5.1
Jul-13
519,000
$259,000
$212,400
5.0
Vs. Last
Month (%)
3.8
-0.8
-0.7
-2.0
Vs. Last
Year (%)
20.7
9.7
13.1
-20.6
Median Sales Price
$220,000
$200,000
$180,000
$160,000
Jul-12
Jun-13
Jul-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.
$220,000
$210,000
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:
$190,000
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, $170,000
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.
Jun-12
May-13
Jun-13
Data gathered by: Andrea Justiniano, Research Associate
Baldwin County Residential
For the Month of September 2013
Baldwin County
Areas
Total County
Aug-13
% vs prv mo
% vs prv year
North Baldwin
Aug-13
% vs prev mo
% vs prev year
Eastern Shore
Aug-13
% vs prev mo
% vs prev year
Central
Aug-13
% vs prev mo
% vs prev year
South
Aug-13
% vs prev mo
% vs prev year
Gulf Beach
Aug-13
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$250,206
$185,500
362
167
$245,603
1.87
3.72
$185,000
0.27
9.60
450
-19.56
19.08
155
7.74
-8.74
$95,179
$83,000
12
253
$101,292
-6.04
-34.01
$93,288
-11.03
-37.80
14
-14.29
200.00
100
153.00
56.17
$261,116
$210,875
102
167
$235,930
10.68
27.46
$199,200
5.86
16.82
150
-32.00
-15.00
157
6.37
5.70
$104,707
$110,600
30
159
$112,893
-7.25
-14.39
$106,800
3.56
-5.87
27
11.11
66.67
120
32.50
-49.04
$151,405
$132,400
74
150
$151,489
-0.06
19.97
$133,250
-0.64
12.56
90
-17.78
37.04
133
12.78
-10.18
$336,481
$289,500
144
170
$337,465
-0.29
-7.20
$279,000
3.76
6.43
169
-14.79
33.33
176
-3.41
-15.00
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