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 April, 2013
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 0.87 percent from $231,970 in March to $233,986
in April. Compared to last year, average sales price decreased by 0.11 percent. The median sales price increased
by 6.22 percent from last month and 0.97 percent from last year. The average sales price grew in North Baldwin,
Central, South and Gulf Beach by 46.99 percent, 29.36 percent, 7.02 percent, and 1.05 percent, respectively,
relative to March. In the same time period, the median sales price increased in all areas; thus, the median sales
price for Baldwin County overall increased 6.22 percent, or from $176,338 to $187,308.
Sales: Total sales in Baldwin County increased 3.08 percent from last month’s sales and rose 16.18 percent from
last year. Sales from last month increased in Eastern Shore by 11.40 percent, and in South Baldwin by 15.28
percent. The sales compared to last year increased by the following: North Baldwin by 83.33 percent, Eastern
Shore by 18.69 percent, Central by 32.00 percent, and South by 38.33 percent.
Days on Market: Average days on the market between March and April, 2013, declined from 190 to 173 days,
or 8.95 percent. Between April, 2012, and April, 2013, average days declined from 175 to 173 days, or 1.14
percent. Compared to March, North Baldwin decreased 11.23 percent, Eastern Shore decreased 5.29 percent,
Central declined 33.92 percent, South increased 19.29 percent, and Gulf Beach decreased 14.59 percent.
U.S.: U.S. sales increased 4.5 percent from January to February, 2013. Compared to last year, U.S. sales
increased 5.9 percent. Average sales price increased 1.2 percent from last month, and 9.6 percent from last year.
Median sales price increased 1.5 percent from January, and 11.3 percent relative to last year. The inventory
months supply rose from last month by 7.0 percent and dropped last year by 28.1 percent.
Overall Analysis: For the month of April, the Baldwin residential market showed increases in the average sales
price, median sales price, and number of sales while average days on market decreased compared to last month
and compared to April, 2012.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Feb-12
287,000
$201,600
$155,600
6.4
Jan-13
291,000
$218,300
$170,600
4.3
$170,000
$160,000
Feb-13
304,000
$220,900
$173,200
4.6
Vs. Last
Month
(%)
4.5
1.2
1.5
7.0
Vs. Last
Year (%)
5.9
9.6
11.3
-28.1
Median Sales Price
$180,000
$150,000
$140,000
Feb-12
Jan-13
Feb-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 April 2013
Baldwin County
Areas
Total County
Mar-13
% vs prv mo
% vs prv year
North Baldwin
Mar-13
% vs prev mo
% vs prev year
Eastern Shore
Mar-13
% vs prev mo
% vs prev year
Central
Mar-13
% vs prev mo
% vs prev year
South
Mar-13
% vs prev mo
% vs prev year
Gulf Beach
Mar-13
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$233,986
$187,308
402
173
$231,970
0.87
-0.11
$176,338
6.22
0.97
390
3.08
16.18
190
-8.95
-1.14
$153,210
$137,000
11
166
$104,233
46.99
140.64
$74,250
84.51
163.46
12
-8.33
83.33
187
-11.23
50.91
$239,596
$216,990
127
161
$247,591
-3.23
7.77
$207,078
4.79
8.50
114
11.40
18.69
170
-5.29
-16.15
$135,553
$125,000
33
113
$104,787
29.36
-0.92
$112,900
10.72
9.17
35
-5.71
32.00
171
-33.92
-28.48
$151,679
$131,000
83
167
$141,732
7.02
-7.98
$120,000
9.17
0.19
72
15.28
38.33
140
19.29
-5.11
$303,282
$275,000
148
199
$300,126
1.05
3.03
$237,000
16.03
13.40
157
-5.73
0.00
233
-14.59
19.16
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