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 February,2013
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 3.99 percent from $216,830 in January to $208,183
in February. Compared to last year, the average sales price fell by 7.68 percent. The median sales price decreased
by 2.97 percent from last month and 5.88 percent from last year. The average sales price in South Baldwin grew
relative to last month, but the other areas decreased. In the same time period, the median sales price increased in
Eastern Shore & Central by 10.35 percent & 15.68 percent, respectively.
Sales: Total sales in Baldwin County increased 17.96 percent from last month’s sales and rose 9.06 percent from
last year. Sales from last month increased in all areas: North Baldwin by 100 percent, Eastern Shore by 10
percent, Central by 42.11 percent, South by 3.7 percent, and Gulf Beach by 22.97 percent. The sales compared to
last year increased by the following: North Baldwin by 300 percent, Eastern Shore by 26.92 percent, and Central
by 28.57 percent. Gulf Beach decreased by 14.15 percent and South remained the same from last year.
Days on Market: Average days on the market for Baldwin County increased 8.77 percent from last month from
171 days to 186 days and rose 3.91 percent from last year from 179 days to 186 days. Compared to December,
North Baldwin decreased 8.53 percent, Eastern Shore increased 5.63 percent, Central fell 7.55 percent, South
rose 7.93 percent, and Gulf Beach increased 15.87 percent.
U.S.: The U.S. increased 7.2 percent in sales from December 2011 to December 2012. Compared to November,
the U.S. sales dropped 6.7 percent. The average sales price increased 2.7 percent from last month, & 10.1 percent
from last year. The median sales price rose 1.9 percent from November to December, & grew 11.1 percent
relative to last year. The inventory months supply dropped last month & year by 15.1 percent & 29.7 percent.
Overall Analysis: For the month of February 2013, the Baldwin residential market showed increases in the
number of sales and the average days on market compared to January and compared to February 2012. The
average sale price and the median sale price decreased for the same time periods.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Median Sales Price
$190,000
Dec-11
349,000
$209,500
$162,200
6.4
$180,000
Nov-12
401,000
$224,500
$176,900
5.3
$170,000
Dec-12
374,000
$230,600
$180,200
4.5
Vs. Last
Month
(%)
-6.7
2.7
1.9
-15.1
Vs. Last
Year (%)
7.2
10.1
11.1
$160,000
$150,000
Dec-11
Nov-12
Dec-12
-29.7
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 February 2013
Baldwin County
Areas
Total County
Jan-13
% vs prv mo
% vs prv year
North Baldwin
Jan-13
% vs prev mo
% vs prev year
Eastern Shore
Jan-13
% vs prev mo
% vs prev year
Central
Jan-13
% vs prev mo
% vs prev year
South
Jan-13
% vs prev mo
% vs prev year
Gulf Beach
Jan-13
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$208,183
$160,000
289
186
$216,830
-3.99
-7.68
$164,900
-2.97
-5.88
245
17.96
9.06
171
8.77
3.91
$141,500
$102,000
16
193
$145,813
-2.96
4.91
$140,000
-27.14
-17.94
8
100.00
300.00
211
-8.53
34.97
$208,266
$185,425
99
169
$216,031
-3.59
-18.89
$168,038
10.35
4.35
90
10.00
26.92
160
5.63
-9.63
$114,275
$109,900
27
147
$118,086
-3.23
4.83
$95,000
15.68
2.71
19
42.11
28.57
159
-7.55
-29.67
$142,276
$121,000
56
177
$129,348
9.99
11.01
$121,750
-0.62
8.89
54
3.70
0.00
164
7.93
-19.55
$287,152
$260,000
91
219
$314,672
-8.75
2.40
$282,500
-7.96
10.52
74
22.97
-14.15
189
15.87
8.96
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