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Report for the month of August, 2013
( Total, North, Eastern Shore, Central, South, Gulf Beach )
Prices: The average sales price in Baldwin County decreased 6.23 percent from $262,463 in July to $246,110 in
August. Compared to last year, average sales price decreased by 5.21 percent. Median sales price decreased 2.34 percent from last month and increased 14.90 percent from last year. The average sales price fell in North
Baldwin, Eastern Shore, Central, South and Gulf Beach by 12.73 percent, 13.88 percent, 5.36 percent, 1.86 percent, and 1.83 percent, respectively, relative to July.
Sales: Total sales in Baldwin County increased 6.01 percent from last month’s sales and 26.00 percent from last year. Sales decreased in Eastern Shore by 6.88 percent and Gulf Beach by 7.14 percent compared to July.
Compared to last year, sales increased in the following areas: North Baldwin by 7.69 percent, Eastern Shore by
28.45 percent, Central by 18.18 percent, South Baldwin by 15.58 percent, and Gulf Beach by 33.61 percent.
Days on Market: Average days on the market between July and August, 2013, fell from 163 to 155 days, or 4.91 percent. Between August, 2012, and August, 2013, average days declined from 174 to 155 days, or 10.92 percent.
Compared to July, North Baldwin decreased 48.98 percent, Eastern Shore increased 6.80 percent, Central decreased 16.90 percent, South decreased 19.39 percent, and Gulf Beach decreased 3.31 percent.
U.S.: U.S. sales decreased 2.7 percent from May to June, 2013. Compared to last year, U.S. sales rose 8.0 percent. Average sales price increased 3.9 percent from last month, and 9.6 percent from last year. Median sales price increased 5.4 percent from May, and 13.3 percent relative to last year. The inventory month’s supply rose from last month by 2.0 percent and decreased by 20.3 percent from last year.
Overall Analysis: For the month of August, the Baldwin residential market showed higher sales with decreased sales price and average days on the market. Eastern Shore and Gulf Beach had the most number of sales and
North Baldwin had the lowest average days on the market.
Time Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
$220,000
Jun-12 463,000 $238,200 $188,800 6.4
$210,000
May-13 514,000 $251,100 $203,100 5.0
$200,000
Jun-13 500,000 $261,000 $214,000 5.1
$190,000
Vs. Last
Month
(%)
-2.7 3.9 5.4 2.0
$180,000
$170,000
Vs. Last
Year (%)
8.0 9.6 13.3 -20.3
Jun-12 May-13 Jun-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.

For the Month of August 2013
Baldwin County
Areas
Total County
Jul-13
% vs prv mo
% vs prv year
Average
Sale Price
$246,110
$262,463
-6.23
-5.21
Median
Sale Price
$185,500
$189,950
-2.34
14.90
Number of
Sales
441
416
6.01
26.00
Average Days on Market
155
163
-4.91
-10.92
North Baldwin
Jul-13
% vs prev mo
% vs prev year
$101,292
$116,071
-12.73
16.53
$93,288
$122,000
-23.53
33.46
14
14
0.00
7.69
100
196
-48.98
-46.52
Eastern Shore
Jul-13
% vs prev mo
% vs prev year
$235,641
$273,610
-13.88
-9.04
$198,500
$224,475
-11.57
0.00
149
160
-6.88
28.45
157
147
6.80
2.61
Central
Jul-13
% vs prev mo
% vs prev year
South
Jul-13
% vs prev mo
% vs prev year
$112,350
$118,711
-5.36
-1.03
$151,485
$154,359
-1.86
20.20
$98,150
$118,950
-17.49
-19.62
$132,000
$134,000
-1.49
16.40
26
28
-7.14
18.18
89
72
23.61
15.58
118
142
-16.90
-37.57
133
165
-19.39
-13.64
Gulf Beach
Jul-13
% vs prev mo
% vs prev year
North
Eastern Shore
Central
South
Gulf Beach
$341,120
$347,494
-1.83
-12.36
$280,000
$282,750
-0.97
3.70
163
142
14.79
33.61
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
175
181
-3.31
-13.79