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 March, 2013
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 11.72 percent from $207,993 in February to
$232,372 in March. Compared to last year, the average sales price grew by 31.54 percent. The median sales price
increased by 10 percent from last month and 21.8 percent from last year. The average sales price grew 18.31
percent in Eastern Shore and 4.54 percent in Gulf Beach relative to February. In the same time period, the median
sales price increased in Eastern Shore & Central by 11.68 percent and 3.69 percent, respectively.
Sales: Total sales in Baldwin County increased 32.99 percent from last month’s sales and rose 67.53 percent
from last year. Sales from last month increased in all areas except North Baldwin including: Eastern Shore by
15.15 percent, Central by 25.93 percent, South by 28.57 percent, and Gulf Beach by 71.43 percent. The sales
compared to last year increased by the following: North Baldwin by 9.09 percent, Eastern Shore by 60.56
percent, Central by 41.67 percent, South by 46.94 percent, and Gulf Beach by 105.26 percent.
Days on Market: Average days on the market for Baldwin County increased 3.23 percent from last month from
186 days to 192 days and rose 7.87 percent from last year from 178 days to 192 days. Compared to February,
North Baldwin decreased 3.11 percent, Eastern Shore increased 0.59 percent, Central grew 19.05 percent, South
dropped by 20.9 percent, and Gulf Beach rose by 7.31 percent.
U.S.: The U.S. sales decreased 22.2 percent from December 2012 to January 2012. Compared to last year, the
U.S. sales increased 15 percent. The average sales price decreased 5.3 percent from last month, & rose 7.9
percent from last year. The median sales price decreased 5.3 percent from December, & grew 9.3 percent relative
to last year. The inventory months supply dropped last month and year by 4.4 percent and 50 percent.
Overall Analysis: For the month of February 2013, the Baldwin residential market showed increases in the
average sales price, median sales price, number of sales and the average days on market compared to February
2013 and compared to March 2012.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Jan-12
253,000
$202,300
$156,100
8.6
Dec-12
374,000
$230,600
$180,200
4.5
Jan-13
291,000
$218,300
$170,600
4.3
Vs. Last
Month
(%)
-22.2
-5.3
-5.3
-4.4
Vs. Last
Year (%)
15.0
7.9
9.3
-50.0
Median Sales Price
$190,000
$180,000
$170,000
$160,000
$150,000
$140,000
Jan-12
Dec-12
Jan-13
Data Sources: All data taken from the Baldwin Multi-List, Martha Taylor, Office: 251.947.3777, and the National Association of
Data gathered by: Meredith McCutchen, Senior Research Analyst
Realtors: www.realtor.com.
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 March 2013
Baldwin County
Areas
Total County
Feb-13
% vs prv mo
% vs prv year
North Baldwin
Feb-13
% vs prev mo
% vs prev year
Eastern Shore
Feb-13
% vs prev mo
% vs prev year
Central
Feb-13
% vs prev mo
% vs prev year
South
Feb-13
% vs prev mo
% vs prev year
Gulf Beach
Feb-13
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$232,372
$176,000
387
192
$207,993
11.72
31.54
$160,000
10.00
21.80
291
32.99
67.53
186
3.23
7.87
$104,233
$74,250
12
187
$141,500
-26.34
-8.94
$102,000
-27.21
-35.43
16
-25.00
9.09
193
-3.11
-35.74
$247,591
$207,078
114
170
$209,266
18.31
44.18
$185,425
11.68
38.05
99
15.15
60.56
169
0.59
3.66
$106,399
$113,950
34
175
$114,275
-6.89
7.46
$109,900
3.69
37.29
27
25.93
41.67
147
19.05
13.64
$141,732
$120,000
72
140
$142,276
-0.38
30.48
$121,000
-0.83
26.32
56
28.57
46.94
177
-20.90
-22.65
$300,191
$236,250
156
235
$287,152
4.54
16.07
$260,000
-9.13
14.41
91
71.43
105.26
219
7.31
30.56
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