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 November, 2012
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased 0.82 percent from $233,369 in October to $231,465
in November. Compared to last year, the average sales price rose by 16.01 percent. The median sales price
increased by 10.44 percent from last month & 19.84 percent from last year. The average sale prices in Eastern
Shore, Central, & South grew relative to last month. In the same time period, the median sales price increased in
Eastern Shore, Central, South, & Gulf Beach. The median & average sales prices rose in all areas from last year.
Sales: Total sales in Baldwin County decreased 11.76 percent from last month’s sales, but increased 1.12 percent
from last year. Sales from last month decreased in North Baldwin, Eastern Shore, Central, South, and Gulf Beach
by 10 percent, 6.38 percent, 40.63 percent, 1.49 percent and 14.56 percent, respectively. The sales decreased in
all areas compared to last year except the sales rose by 29.41 percent in South.
Days on Market: Average days on the market for Baldwin County were 153 in November, a decrease from last
month and last year at 17.3 percent and 19.47 percent. Average days on the market decreased in all areas from
October 2012 to November 2012 by the following: North Baldwin at 45.76 percent; Eastern Shore at 7.14
percent; Central at 28.83 percent; South at 6.67 percent; and Gulf Beach at 27.54 percent.
U.S.: The U.S. decreased 21.8 percent in sales from August to September. Compared to last year, the U.S. sales
increased 0.8 percent. The average sale price decreased 2.8 percent from last month, but increased 6.5 percent
from last year. The median sale price dropped 3.6 percent from August to September, but increased relative to
last year. The inventory months supply decreased from last month and year by 6.7 percent and 32.5 percent.
Overall Analysis: For the month of November, 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 decreased, but the median sales price increased.
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
Sep-11
369,000
$212,800
$165,300
8.3
$180,000
Aug-12
476,000
$233,100
$184,900
6.0
$170,000
Sep-12
372,000
$226,600
$178,300
5.6
Vs. Last
Month
(%)
-21.8
-2.8
-3.6
-6.7
Vs. Last
Year (%)
0.8
6.5
7.9
-32.5
$160,000
$150,000
Sep-11
Aug-12
Sep-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 November 2012
Baldwin County
Areas
Total County
Oct-12
% vs prv mo
% vs prv year
North Baldwin
Oct-12
% vs prev mo
% vs prev year
Eastern Shore
Oct-12
% vs prev mo
% vs prev year
Central
Oct-12
% vs prev mo
% vs prev year
South
Oct-12
% vs prev mo
% vs prev year
Gulf Beach
Oct-12
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$231,465
$189,950
270
153
$233,369
-0.82
16.01
$172,000
10.44
19.84
306
-11.76
1.12
185
-17.30
-19.47
$74,130
$70,519
9
96
$151,225
-50.98
3.41
$115,500
-38.94
7.95
10
-10.00
-10.00
177
-45.76
-19.33
$241,943
$203,970
88
169
$238,627
1.39
23.56
$190,000
7.35
25.13
94
-6.38
-3.30
182
-7.14
-2.87
$143,526
$122,500
19
116
$98,367
45.91
28.85
$89,351
37.10
25.06
32
-40.63
-9.52
163
-28.83
-7.20
$138,402
$124,950
66
154
$134,723
2.73
2.24
$126,900
-1.54
11.56
67
-1.49
29.41
165
-6.67
-2.53
$325,861
$280,000
88
150
$342,657
-4.90
20.15
$252,000
11.11
37.42
103
-14.56
-6.38
207
-27.54
-38.52
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