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 August, 2012
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County for August increased by 18.02 percent, from $220,271 in
2011 to $259,954, but decreased 0.11 percent from last month. The median sales price decreased by 7.58 percent
from last month. The median sale prices in Eastern Shore, Central, South and Gulf Beach increased compared to
last year. In the same time period, the average sales prices increased in Eastern Shore, Central, and Gulf Beach.
The overall Baldwin County median sales price increased 3.83 percent from last year.
Sales: Total sales in Baldwin County decreased from 362 in July to 346 in August, a 4.42 percent change. Sales
from July decreased in North Baldwin, Eastern Shore, South, and Gulf Beach by 14.29 percent, 10.85 percent,
7.32 percent, and 1.64 percent, respectively. However, the sales in Central increased 53.33 percent compared to
last month. The number of sales did increase slightly at 0.58 percent from last year’s August sales.
Days on Market: Average days on the market for Baldwin County were 175 in August, an 8.02 percent increase
compared to July, and a 12.94 percent decrease compared to last year. North Baldwin increased by 62.1 percent,
from 124 in July to 201 in August and Gulf Beach increased 32.56 percent, from 155 to 205 days. Eastern Shore
decreased from 160 to 152 or 5.0 percent, Central decreased from 193 to 184 or 4.66 percent, and South
decreased from 177 to 153 or 13.56 percent from the month of July 2012 to August 2012.
U.S.: The U.S. increased compared to May in sales, average sales price, median sales price, and inventory
months supply. Compared to last year, the U.S. increased in all areas except a 28.6 percent drop for inventory
months supply. Total sales rose from May by 3.3 percent and 5.2 percent from last year. The average sales price
and median sales price grew 3.7 percent and 4.7 percent from May and 5.4 percent and 7.5 percent from last year.
Overall Analysis: For the month of August, the Baldwin residential market showed increases in average sales
price, median sales price, and number of sales compared to last year, but decreases in these areas compared to last
month. The average days on the market decreased relative to last year, but increased compared to July.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Jun-11
440,000
$226,000
$175,600
9.1
May-12
448,000
$229,600
$180,300
6.4
Jun-12
463,000
$238,200
$188,800
6.5
Vs. Last
Month
(%)
3.3
3.7
4.7
1.6
Vs. Last
Year (%)
5.2
5.4
7.5
Median Sales Price
$190,000
$185,000
$180,000
$175,000
$170,000
$165,000
Jun-11
May-12
Jun-12
-28.6
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 August 2012
Baldwin County
Areas
Total County
Jul-12
% vs prv mo
% vs prv year
North Baldwin
Jul-12
% vs prev mo
% vs prev year
Eastern Shore
Jul-12
% vs prev mo
% vs prev year
Central
Jul-12
% vs prev mo
% vs prev year
South
Jul-12
% vs prev mo
% vs prev year
Gulf Beach
Jul-12
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$259,954
$161,450
346
175
$260,235
-0.11
18.02
$174,683
-7.58
3.83
362
-4.42
0.58
162
8.02
-12.94
$89,585
$72,450
12
201
$89,639
-0.06
-0.71
$100,101
-27.62
-11.05
14
-14.29
20.00
124
62.10
148.15
$260,753
$200,000
115
152
$306,198
-14.84
36.00
$210,000
-4.76
21.58
129
-10.85
9.52
160
-5.00
-19.58
$114,235
$123,200
23
184
$105,007
8.79
17.10
$110,000
12.00
76.00
15
53.33
-8.00
193
-4.66
10.18
$126,043
$112,700
76
153
$143,614
-12.23
-4.30
$125,000
-9.84
2.45
82
-7.32
13.43
177
-13.56
-3.16
$388,966
$262,500
120
205
$328,682
18.34
22.57
$232,500
12.90
16.67
122
-1.64
-12.41
155
32.26
-16.67
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