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 May, 2012
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County for May increased by 10.17 percent, or from $233,549 in
April to $257,298. The median sales price decreased by 0.05 percent from last month, but increased 16.96 percent
from last year. Compared to last month, average sale prices increased in North Baldwin by 78.55 percent and in
Gulf Beach by 29.73 percent. Average sale price decreased in Eastern Shore, Central and South by 3.68 percent,
14.64 percent and 6.39 percent, respectively, from April to May 2012.
Sales: Total sales in Baldwin County increased from 344 to 439, a 27.62 percent change. Sales in North Baldwin
increased 150 percent compared to April, with a total of 15 sales in May. Sales in Eastern Shore increased by 59,
resulting in a 55.14 percent change. South sales increased by 11, and Gulf Beach increased by 16, in the same
period. Central sales remained the same at 25 for May 2012.
Days on Market: Average days on the market for Baldwin County were 187, a 7.47 percent increase compared
to April, but a 1.58 percent decrease compared to last year. North Baldwin increased by 70 percent, from 110 in
April to 187 in May. Gulf Beach also increased by 31.1 percent, with an average of 215 days for May. Eastern
shore rose slightly from 192 to 195 from April to May. Central and South decreased during the same times frame
at 31.01 percent and 28.65 percent, respectively.
U.S.: Total sales in the U.S. increased by 25.4 percent in March, 2012. Compared to February, the average sales
price and median sales price rose by 5.2 and 5.9 percent, respectively. The number of months required to sell the
existing inventory decreased to 6.2 in March, a change of 25.3 percent from the previous year.
Overall Analysis: For the month of May, the Baldwin residential market showed increases in average sales price,
average days on the market and number of sales, and a decrease in median sales price. The largest increase in
sales and average sales price occurred in North Baldwin.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Median Sales Price
$170,000
Mar-11
347,000
$207,300
$159,800
8.3
$165,000
Feb-12
287,000
$201,600
$155,600
6.3
$160,000
Mar-12
360,000
$212,100
$164,800
6.2
Vs. Last
Month
(%)
25.4
5.2
5.9
-1.6
Vs. Last
Year (%)
3.7
2.3
3.1
$155,000
$150,000
Mar-11
Feb-12
Mar-12
-25.3
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,
College
of Business,
University
of South
Office:
251.460.6735
or E-mail:
University
of SouthMitchell
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measures to
ensure the quality
of theAlabama
data and other
information
produced. However,
USAdepley@usouthal.edu.
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 May 2012
Baldwin County
Areas
Total County
Apr-12
% vs prv mo
% vs prv year
North Baldwin
Apr-12
% vs prev mo
% vs prev year
Eastern Shore
Apr-12
% vs prev mo
% vs prev year
Central
Apr-12
% vs prev mo
% vs prev year
South
Apr-12
% vs prev mo
% vs prev year
Gulf Beach
Apr-12
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$257,298
$183,625
439
187
$233,549
10.17
15.92
$183,715
-0.05
16.96
344
27.62
18.97
174
7.47
-1.58
$113,677
$92,500
15
187
$63,667
78.55
27.58
$52,000
77.88
-3.50
6
150.00
7.14
110
70.00
68.47
$214,137
$194,750
166
195
$222,316
-3.68
-13.25
$200,000
-2.63
-7.26
107
55.14
48.21
192
1.56
-5.34
$116,785
$114,950
25
109
$136,816
-14.64
34.15
$114,500
0.39
36.04
25
0.00
31.58
158
-31.01
0.00
$150,066
$125,500
70
127
$160,313
-6.39
8.13
$126,500
-0.79
9.85
59
18.64
-14.63
178
-28.65
-27.84
$382,072
$283,000
163
215
$294,504
29.73
35.71
$242,500
16.70
41.50
147
10.88
14.79
164
31.10
5.39
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