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 October, 2012
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County decreased from $239,515 in September to $234,370 in
October or by 2.15 percent. Compared to last year, the average sales price rose by 9.59 percent. The median sales
price increased by 1.78 percent from last month and 10.97 percent from last year. The average sale prices in
North Baldwin, Eastern Shore, and South grew compared to last month. In the same time period, the median sales
price increased in Eastern Shore and South. The median sales price rose in all areas except Central from last year.
Sales: Total sales in Baldwin County remained the same as last month’s sales, but increased 4.12 percent from
last year. Sales from last month increased in North Baldwin, Central, and South by 150 percent, 77.78 percent,
and 22.22 percent, respectively. However, the sales in Eastern Shore dropped 23.33 percent and Gulf Beach
decreased 3.74 percent compared to last month. Central’s sales increased 45.45 percent relative to last year.
Days on Market: Average days on the market for Baldwin County were 186 in September, a slight increase from
last month and last year at 1.09 percent. From September 2012 to October 2012, North Baldwin increased by
9.26 percent, from 162 to 177; Eastern Shore increased by 15.82 percent, from 158 to 183; Central decreased by
47.76 percent, from 312 to 163; South remained the same at 167; and Gulf Beach increased 2.99 percent, from
201 to 207 days. From last year, Eastern Shore and Gulf Beach rose, but North Baldwin and Central decreased.
U.S.: The U.S. increased 10.7 percent in sales in August from July. Compared to last year, the U.S. increased in
all areas except a 28.6 percent drop for inventory months supply. Total sales rose by 10.7 percent from last year.
The average sales price and median sales price grew from last year by 6.2 percent and 8.0 percent, respectively.
Overall Analysis: For the month of October, the Baldwin residential market showed increases in average sales
price, median sales price, sales, and average days on market compared to last year. Relative to last month, the
median sales price and the average days on market increased, but the average sales price dropped.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Aug-11
429,000
$219,500
$171,200
8.4
Jul-12
430,000
$236,200
$187,800
6.4
Median Sales Price
$190,000
$180,000
Aug-12
476,000
$233,100
$184,900
6.0
$170,000
Vs. Last
Month
(%)
10.7
-1.3
-1.5
-6.3
$160,000
Aug-11
Vs. Last
Year (%)
11.0
6.2
8.0
-28.6
Jul-12
Aug-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 October 2012
Baldwin County
Areas
Total County
Sep-12
% vs prv mo
% vs prv year
North Baldwin
Sep-12
% vs prev mo
% vs prev year
Eastern Shore
Sep-12
% vs prev mo
% vs prev year
Central
Sep-12
% vs prev mo
% vs prev year
South
Sep-12
% vs prev mo
% vs prev year
Gulf Beach
Sep-12
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$234,370
$172,000
303
186
$239,515
-2.15
9.59
$169,000
1.78
10.97
303
0.00
4.12
184
1.09
1.09
$151,225
$115,500
10
177
$144,225
4.85
57.87
$133,450
-13.45
73.68
4
150.00
25.00
162
9.26
-0.56
$240,641
$194,950
92
183
$204,867
17.46
24.78
$180,513
8.00
16.84
120
-23.33
9.52
158
15.82
0.55
$98,367
$89,351
32
163
$121,643
-19.13
-10.09
$117,500
-23.96
-12.40
18
77.78
45.45
312
-47.76
-7.91
$135,173
$126,950
66
167
$126,206
7.11
-9.49
$117,625
7.93
5.79
54
22.22
-5.71
167
0.00
0.00
$342,657
$252,000
103
207
$358,947
-4.54
13.15
$272,000
-7.35
15.60
107
-3.74
-3.74
201
2.99
4.55
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