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 July, 2012
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County for July increased by 3.9 percent, from $250,954 in June to
$260,734, and increased 22.58 percent from last year. The median sales price increased by 2.75 percent from last
month. The average sale prices decreased in North Baldwin by 14.75 percent and in Gulf Beach by 11.61, but it
increased in Eastern Shore by 48.65 percent, Central by 11.18 percent, and South by 3.29 percent from June to
July, 2012. The overall Baldwin County median sales price increased 10.21 percent from last year.
Sales: Total sales in Baldwin County decreased from 397 to 360, a 9.32 percent change. Sales from last month
increased from June in North Baldwin by 7.69 percent and in South by 12.33 percent. The sales decreased in
Eastern Shore by 7.25 percent, Central by 16.67 percent, and in Gulf Beach by 21.94 percent compared to last
month. Sales increased by 8.76 percent from last July’s total sales for Baldwin County.
Days on Market: Average days on the market for Baldwin County were 162 in July, 10.99 percent decrease
compared to June, and a 14.29 percent decrease compared to last year. North Baldwin decreased by 36.08
percent, from 194 in June to 124 in July, Eastern Shore decreased from 196 to 160 or 18.37 percent, and Gulf
Beach decreased by 20.51 percent, from 195 days to 155 days for July. Central increased from 113 to 193, which
is 70.8 percent. South also increased slightly, by 1.72 percent, compared to last month.
U.S.: Total sales in the U.S. increased from last month by 12 percent for May, 2012. Compared to April, the
average sales price and median sales price rose by 3.6 and 3.8 percent, respectively. The number of months
required to sell the existing inventory decreased to 6.4 in May, a change of 29.7 percent from the previous year.
Overall Analysis: For the month of July, the Baldwin residential market showed increases in average sales price
and median sales price compared to last month and last year. The number of sales and average days on the market
decreased relative to June, but the number of sales increased compared to last year.
United States Existing Home Prices for All Housing Types
Time
May-11
Sales
391,000
Average
Sales
Price
Median
Sales Price
$217,600
$169,300
Inventory
Months
Supply
9.1
Apr-12
400,000
$221,700
$173,700
6.5
May-12
448,000
$229,600
$180,300
6.4
Vs. Last
Month
(%)
12.0
3.6
3.8
-1.5
Vs. Last
Year (%)
14.6
5.5
6.5
Median Sales Price
$185,000
$180,000
$175,000
$170,000
$165,000
$160,000
May-11
Apr-12
May-12
-29.7
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 July 2012
Baldwin County
Areas
Total County
Jun-12
% vs prv mo
% vs prv year
North Baldwin
Jun-12
% vs prev mo
% vs prev year
Eastern Shore
Jun-12
% vs prev mo
% vs prev year
Central
Jun-12
% vs prev mo
% vs prev year
South
Jun-12
% vs prev mo
% vs prev year
Gulf Beach
Jun-12
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$260,734
$174,683
360
162
$250,954
3.90
22.58
$170,000
2.75
10.21
397
-9.32
8.76
182
-10.99
-14.29
$89,639
$100,101
14
124
$105,145
-14.75
-26.96
$91,800
9.04
-18.44
13
7.69
600.00
194
-36.08
-15.07
$307,067
$212,500
128
160
$206,576
48.65
51.02
$169,200
25.59
32.81
138
-7.25
2.40
196
-18.37
-8.05
$105,007
$110,000
15
193
$94,449
11.18
6.39
$82,350
33.58
15.79
18
-16.67
-44.44
113
70.80
3.76
$143,614
$125,000
82
177
$139,044
3.29
9.12
$119,000
5.04
10.62
73
12.33
41.38
174
1.72
5.36
$330,192
$233,000
121
155
$373,575
-11.61
14.08
$266,000
-12.41
7.37
155
-21.94
1.68
195
-20.51
-27.91
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