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 December, 2012
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 2.8 percent from $231,042 in November to
$237,512 in December. Compared to last year, the average sales price rose by 20.79 percent. The median sales
price decreased by 1.41 percent from last month & rose 24.92 percent from last year. The average sale prices in
North Baldwin & South grew relative to last month. In the same time period, the median sales price increased in
South. The median & average sales prices rose in Eastern Shore, South, & Gulf Beach from last year.
Sales: Total sales in Baldwin County increased 9.35 percent from last month’s sales and 16.92 percent from last
year. Sales from last month decreased in North Baldwin by 22.22 percent, but increased in Eastern Shore,
Central, South, and Gulf Beach by 11.24 percent, 5 percent, 2.94 percent, and 16.3 percent, respectively. The
sales increased in all areas compared to last year by the following percentages: North Baldwin at 40 percent,
Eastern Shore at 15.12 percent, Central at 5 percent, South at 12.9 percent, and Gulf Beach at 22.99 percent.
Days on Market: Average days on the market for Baldwin County increased 11.84 percent from last month
from 152 days to 170 days and decreased 5.56 percent from last year from 180 days to 170 days. Compared to
November, North Baldwin decreased 23.96 percent, but the other areas increased in days on market. These three
areas, North Baldwin, Central, and Gulf Beach, decreased relative to last year’s December days on market.
U.S.: The U.S. increased 7.8 percent in sales from September to October. Compared to last year, the U.S. sales
increased 16.9 percent. The average sales price decreased 0.9 percent from last month, but increased 9 percent
from last year. The median sales price dropped 0.8 percent from September to October, but increased relative to
last year. The inventory months supply decreased from last month and year by 5.4 percent and 31.2 percent.
Overall Analysis: For the month of December, 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 median sales
price, number of sales, and average days on market increased, but the median sales price decreased.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Median Sales Price
$180,000
Oct-11
343,000
$205,900
$160,800
7.7
Sep-12
372,000
$226,600
$178,300
5.6
Oct-12
401,000
$224,500
$176,900
5.3
$160,000
Vs. Last
Month
(%)
7.8
-0.9
-0.8
-5.4
$150,000
Oct-11
Vs. Last
Year (%)
16.9
9.0
10.0
$170,000
Sep-12
Oct-12
-31.2
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 December 2012
Baldwin County
Areas
Total County
Nov-12
% vs prv mo
% vs prv year
North Baldwin
Nov-12
% vs prev mo
% vs prev year
Eastern Shore
Nov-12
% vs prev mo
% vs prev year
Central
Nov-12
% vs prev mo
% vs prev year
South
Nov-12
% vs prev mo
% vs prev year
Gulf Beach
Nov-12
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$237,512
$187,313
304
170
$231,042
2.80
20.79
$190,000
-1.41
24.92
278
9.35
16.92
152
11.84
-5.56
$96,667
$61,171
7
73
$74,130
30.40
-50.35
$70,519
-13.26
-59.22
9
-22.22
40.00
96
-23.96
-40.65
$221,047
$189,375
99
177
$244,034
-9.42
27.23
$204,000
-7.17
21.59
89
11.24
15.12
169
4.73
10.63
$132,048
$88,000
21
141
$140,100
-5.75
20.27
$116,250
-24.30
-12.00
20
5.00
5.00
114
23.68
-17.54
$180,125
$147,400
70
169
$138,549
30.01
46.54
$124,950
17.97
54.35
68
2.94
12.90
152
11.18
15.75
$320,200
$250,000
107
176
$321,959
-0.55
9.71
$275,000
-9.09
23.76
92
16.30
22.99
149
18.12
-23.14
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