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 July, 2013
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 3.51 percent from $252,767 in June to $261,647 in
July. Compared to last year, average sales price increased by 0.50 percent. Median sales price increased 2.65
percent from last month and 8.91 percent from last year. The average sales price rose in North Baldwin, Eastern
Shore, South and Gulf Beach by 14.32 percent, 7.69 percent, 2.47 percent, and 4.82 percent, respectively, relative
to June.
Sales: Total sales in Baldwin County increased 2.74 percent from last month’s sales and 13.15 percent from last
year. Sales decreased in South Baldwin by 5.33 percent and Gulf Beach by 7.28 percent compared to June.
Compared to last year, sales increased in the following areas: Eastern Shore by 22.14 percent, Central by 75.00
percent, and Gulf Beach by 14.75 percent.
Days on Market: Average days on the market between June and July, 2013, fell from 203 to 162 days, or 20.20
percent. Between July, 2012, and July, 2013, average days declined from 166 to 162 days, or 2.41 percent.
Compared to June, North Baldwin increased 30.67 percent, Eastern Shore decreased 15.52 percent, Central
decreased 8.97 percent, South showed no change, and Gulf Beach fell 31.80 percent.
U.S.: U.S. sales increased 13.2 percent from April to May, 2013. Compared to last year, U.S. sales rose 14.7
percent. Average sales price increased 3.9 percent from last month, and 9.4 percent from last year. Median sales
price increased 5.9 percent from April, and 12.6 percent relative to last year. The inventory month’s supply fell
from last month by 3.8 percent and 23.1 percent from last year.
Overall Analysis: For the month of July, the Baldwin residential market showed increases in sales and selling
price with decreasing average days on the market. Eastern Shore and Gulf Beach had the most number of sales
and Central Baldwin 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
May-12
448,000
$229,600
$180,300
6.5
Apr-13
454,000
$241,700
$191,800
5.2
May-13
514,000
$251,100
$203,100
5.0
Vs. Last
Month
(%)
13.2
3.9
5.9
-3.8
$170,000
Vs. Last
Year (%)
14.7
9.4
12.6
-23.1
$160,000
May-12
Median Sales Price
$210,000
$200,000
$190,000
$180,000
Apr-13
May-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 July 2013
Baldwin County
Areas
Total County
Jun-13
% vs prv mo
% vs prv year
North Baldwin
Jun-13
% vs prev mo
% vs prev year
Eastern Shore
Jun-13
% vs prev mo
% vs prev year
Central
Jun-13
% vs prev mo
% vs prev year
South
Jun-13
% vs prev mo
% vs prev year
Gulf Beach
Jun-13
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$261,647
$189,900
413
162
$252,767
3.51
0.50
$185,000
2.65
8.91
402
2.74
13.15
203
-20.20
-2.41
$116,071
$122,000
14
196
$101,533
14.32
29.49
$117,500
3.83
21.88
9
55.56
0.00
150
30.67
58.06
$273,610
$224,475
160
147
$254,066
7.69
-9.82
$210,000
6.89
6.89
143
11.89
22.14
174
-15.52
-9.26
$118,711
$118,950
28
142
$137,234
-13.50
-11.66
$128,500
-7.43
6.92
24
16.67
75.00
156
-8.97
-46.82
$152,238
$132,000
71
165
$148,575
2.47
6.00
$136,000
-2.94
5.60
75
-5.33
-13.41
165
0.00
-6.78
$346,607
$282,750
140
178
$330,664
4.82
5.45
$252,000
12.20
21.61
151
-7.28
14.75
261
-31.80
14.84
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