Baldwin Residential Real Estate
Center for Real Estate Studies
Baldwin Multi List
Go to: http://cres.southalabama.edu for more data
Report for the month of January, 2013
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 8.21 percent from $236,078 in December to
$216,704 in January. Compared to last year, the average sales price rose by 22.67 percent. The median sales price
decreased by 10.86 percent from last month and rose 14.12 percent from last year. The average sale prices in
North Baldwin grew relative to last month, but the other areas decreased. In the same time period, the median
sales price increased in North, Central, & Gulf Beach by 128.87 percent, 2.39 percent, & 12 percent, respectively.
Sales: Total sales in Baldwin County decreased 21.1 percent from last month’s sales and rose 5.19 percent from
last year. Sales from last month increased in North Baldwin by 14.29 percent, but decreased in Eastern Shore,
Central, South, and Gulf Beach by 10 percent, 4.76 percent, 27.78 percent, and 32.41 percent, respectively. The
sales increased in Baldwin County from last year at 5.19 percent. The sales grew in Eastern Shore at 26.76
percent and in South at 6.12 percent, compared last year.
Days on Market: Average days on the market for Baldwin County increased 1.78 percent from last month from
169 days to 172 days and decreased 3.37 percent from last year from 178 days to 172 days. Compared to
December, North Baldwin increased 189.04 percent, Eastern Shore decreased 9.09 percent, Central rose 9.3
percent, South dropped 1.19 percent, and Gulf Beach increased 9.14 percent.
U.S.: The U.S. increased 14.9 percent in sales from November 2011 to November 2012. Compared to last month,
the U.S. sales dropped 4 percent. The average sales price increased 1.5 percent from last month, and 8.3 percent
from last year. The median sales price rose 1.4 percent from October to November, and increased 9.4 percent
relative to last year. The inventory months supply dropped last month and year by 9.4 percent and 37.7 percent.
Overall Analysis: For the first month of 2013, the Baldwin residential market showed increases in average sales
price, median sales price, and number of sales compared to last year. Relative to last month, the average sales
price, the median sales price, and the number of sales decreased.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Nov-11
335,000
$210,400
$164,000
7.7
Oct-12
401,000
$224,500
$176,900
5.3
Nov-12
385,000
$227,900
$179,400
4.8
Vs. Last
Month
(%)
-4.0
1.5
1.4
-9.4
Vs. Last
Year (%)
14.9
8.3
9.4
-37.7
Median Sales Price
$185,000
$180,000
$175,000
$170,000
$165,000
$160,000
$155,000
Nov-11
Oct-12
Nov-12
Data Sources: All data taken from the Baldwin Multi-List, Martha Taylor, Office: 251.947.3777, and the National Association of
Realtors: www.realtor.com.
Data gathered by: Meredith McCutchen, Research Associate
For additional information: DeWayne Cochran, MLS Coordinator, Office: 251.947.3777 or Dr. Don Epley, Director, Center for Real
Estate Studies, Mitchell College of Business, University of South Alabama Office: 251.460.6735 or E-mail: depley@usouthal.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 January 2013
Baldwin County
Areas
Total County
Dec-12
% vs prv mo
% vs prv year
North Baldwin
Dec-12
% vs prev mo
% vs prev year
Eastern Shore
Dec-12
% vs prev mo
% vs prev year
Central
Dec-12
% vs prev mo
% vs prev year
South
Dec-12
% vs prev mo
% vs prev year
Gulf Beach
Dec-12
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$216,704
$164,900
243
172
$236,078
-8.21
22.67
$185,000
-10.86
14.12
308
-21.10
5.19
169
1.78
-3.37
$145,813
$140,000
8
211
$96,667
50.84
27.38
$61,171
128.87
21.74
7
14.29
-27.27
73
189.04
-27.49
$216,031
$168,038
90
160
$220,087
-1.84
25.80
$188,938
-11.06
12.03
100
-10.00
26.76
176
-9.09
-2.44
$115,331
$90,100
20
155
$132,048
-12.66
16.48
$88,000
2.39
8.55
21
-4.76
-16.67
141
9.93
0.65
$130,645
$121,750
52
166
$178,363
-26.75
20.27
$145,950
-16.58
28.16
72
-27.78
6.12
168
-1.19
-8.29
$314,379
$280,000
73
191
$318,624
-1.33
21.55
$250,000
12.00
35.59
108
-32.41
-3.95
175
9.14
6.11
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