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 June, 2013
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 1.82 percent from $248,495 in May to $253,027 in
June. Compared to last year, average sales price increased by 1.23 percent. Median sales price decreased by 2.76
percent from last month and increased 8.68 percent from last year. The average sales price rose in Eastern Shore,
Central and South by 1.60 percent, 10.85 percent, and 3.26 percent, respectively, relative to May. Compared to
June, 2012, average sales price decreased by 10.79 percent in Gulf Beach.
Sales: Total sales in Baldwin County decreased 18.94 percent from last month’s sales and fell 0.75 percent from
last year. Sales decreased in South Baldwin by 25.25 percent from May. Compared to last year, sales increased in
the following areas: Eastern Shore by 1.42 percent, Central by 33.33 percent, and South by 1.37 percent.
Days on Market: Average days on the market between May and June, 2013, rose from 172 to 201 days, or 16.86
percent. Between June, 2012, and June, 2013, average days declined from 181 to 201 days, or 11.05 percent.
Compared to May, North Baldwin decreased 13.29 percent, Eastern Shore increased 6.75 percent, Central rose
30.00 percent, South decreased 1.78 percent, and Gulf Beach rose 32.12 percent.
U.S.: U.S. sales increased 17.3 percent from March to April, 2013. Compared to last year, U.S. sales rose 13.5
percent. Average sales price increased 3.7 percent from last month, and 9.0 percent from last year. Median sales
price increased 4.3 percent from March, and 10.4 percent relative to last year. The inventory month’s supply rose
from last month by 10.6 percent and declined last year by 21.2 percent.
Overall Analysis: For the month of June, the Baldwin residential market showed increases in average 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.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Apr-12
400,000
$221,700
$173,700
6.6
Mar-13
387,000
$233,100
$183,900
4.7
Apr-13
454,000
$241,700
$191,800
5.2
Vs. Last
Month
(%)
17.3
3.7
4.3
10.6
Vs. Last
Year (%)
13.5
9.0
10.4
-21.2
Median Sales Price
$200,000
$190,000
$180,000
$170,000
$160,000
Apr-12
Mar-13
Apr-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 June 2013
Baldwin County
Areas
Total County
May-13
% vs prv mo
% vs prv year
North Baldwin
May-13
% vs prev mo
% vs prev year
Eastern Shore
May-13
% vs prev mo
% vs prev year
Central
May-13
% vs prev mo
% vs prev year
South
May-13
% vs prev mo
% vs prev year
Gulf Beach
May-13
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$253,027
$184,750
398
201
$248,495
1.82
1.23
$190,000
-2.76
8.68
491
-18.94
-0.75
172
16.86
11.05
$101,533
$117,500
9
150
$130,218
-22.03
3.09
$85,100
38.07
43.03
11
-18.18
-35.71
173
-13.29
-17.13
$254,066
$210,000
143
174
$250,065
1.60
23.10
$204,000
2.94
23.60
174
-17.82
1.42
163
6.75
-2.79
$137,234
$128,500
24
156
$123,803
10.85
45.30
$102,000
25.98
56.04
31
-22.58
33.33
120
30.00
38.05
$146,556
$135,500
74
166
$141,928
3.26
5.40
$117,000
15.81
13.87
99
-25.25
1.37
169
-1.78
-4.60
$333,249
$257,250
148
255
$336,242
-0.89
-10.79
$279,375
-7.92
-3.29
176
-15.91
-4.52
193
32.12
30.77
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