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 April, 2012
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County for April increased by 5.06 percent, or from $222,565 in
March to $233,816. The median sales price increased by 11.25 percent to $185,000. Compared to last month,
average sale prices increased in Eastern Shore, Central, and South by 2.80 percent, 10.85 percent, and 23.94
percent, respectively. Average sale price decreased in North and Gulf Beach by 36.59 percent and 0.44 percent,
respectively, in April, 2012.
Sales: Total sales in Baldwin County increased from 318 to 343, a 7.86 percent change. Sales in Gulf Beach
increased 13.18 percent compared to March, having a total of 146 sales in April. Sales in Eastern Shore increased
by 9 sales, resulting in a 9.18 percent change. Central sales increased by 2 sales in the same period, and North
Baldwin sales decreased by 50.00 percent, having 6 sales in April.
Days on Market: Average days on the market for Baldwin County were 174, a 2.25 percent decrease compared
to March and an 11.22 percent decrease compared to April, 2011. North Baldwin decreased by 51.11 percent,
falling from 225 days to 110. Gulf Beach decreased by 19.51 percent, having an average of 165 days for April.
South increased from 126 days to 178, a 41.27 percent change. Eastern Shore increased by 19 days and Central
increased by 7 days.
U.S.: Total sales in the U.S. increased by 13.4 percent in February, 2012. The average sales price and median
sales price declined by 0.3 percent, compared to January. The number of months required to sell the existing
inventory decreased to 6.3 in February, a change of 26.7 percent from the previous month.
Overall Analysis: For the month of April, the Baldwin residential market showed increases in average sales
price, median sales price and number of sales, and a decrease in average days on the market. The largest increase
in sales occurred in Gulf Beach and the largest increase in median sales price occurred in Central Baldwin.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months
Supply
Feb-11
347,000
$207,300
$159,800
8.5
Jan-12
253,000
$202,300
$156,100
8.6
Feb-12
287,000
$201,600
$155,600
6.3
$156,000
Vs. Last
Month (%)
13.4
-0.3
-0.3
-26.7
$154,000
Vs. Last
Year (%)
-17.3
-2.7
-2.6
-25.9
$152,000
Feb-11
Median Sales Price
$162,000
$160,000
$158,000
Jan-12
Feb-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.
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 April 2012
Baldwin County
Areas
Total County
Mar-12
% vs prv mo
% vs prv year
North Baldwin
Mar-12
% vs prev mo
% vs prev year
Eastern Shore
Mar-12
% vs prev mo
% vs prev year
Central
Mar-12
% vs prev mo
% vs prev year
South
Mar-12
% vs prev mo
% vs prev year
Gulf Beach
Mar-12
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$233,816
$185,000
343
174
$222,565
5.06
12.56
$166,295
11.25
18.21
318
7.86
-8.78
178
-2.25
-11.22
$63,667
$52,000
6
110
$100,411
-36.59
-58.29
$71,500
-27.27
-44.09
12
-50.00
-33.33
225
-51.11
-57.69
$222,316
$200,000
107
192
$216,264
2.80
13.13
$178,450
12.08
23.00
98
9.18
0.94
173
10.98
17.79
$136,816
$114,500
25
158
$123,425
10.85
35.86
$100,000
14.50
20.53
23
8.70
-21.88
151
4.64
29.51
$160,313
$126,500
59
178
$129,346
23.94
-0.77
$116,000
9.05
6.75
56
5.36
-27.16
126
41.27
-16.43
$295,549
$242,500
146
165
$296,859
-0.44
10.49
$240,000
1.04
10.98
129
13.18
-1.35
205
-19.51
-25.68
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