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 March, 2012
Baldwin County Residential Market
(Total,
Total, North
North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County for March decreased from last month by 1.54 percent, from
$225,509 to $222,040. The overall median sales price also decreased 2.35 percent from $170,000
$
in February to
$166,000 in March. The median
edian sale price decreased in North Baldwin by 42.48 percent and Central by 8.88
percent from last month. However, in the same time period, tthe median sale pricee increased
in
in Eastern Shore,
South Baldwin, and Gulf Beach by 0.42 percent, 4.39 percent, and 1.85 percent,, respectively.
Sales: The number of sales in Baldwin County rose from 265 to 316, or 19.25 percent. Sales in North Baldwin
increased 200 percent compared to February
February. Sales in the Eastern Shore totaled to 98
8 sales in March, 2012, at a
positive 25.64 percent change. Gulf Beach sales increased 20.75 percent, having 128 sales compared to 106 sales
in February. South Baldwin sales remained the same from February to March
March. From last year, the number of sales
grew in North Baldwin and Gulf Beach by 20.00 percent and 17.43 percent, respectively.
Days on Market: Average days on thee market for all of Baldwin County decreased from 201 in February to 179 in
March, a 10.95 percent change. From last month, North Baldwin considerably rose by 57.34 percent and Gulf
Beach rose slightly by 2.99 percent. Eastern Shore, Central, and South declined from February by 7.49, 24.40, and
42.73 percent, respectively. Relative to last year, North Baldwin rose 122.77 percent, but South dropped 25.44
percent.
U.S.: The number of homes sold inn the U.S. decreased by 25.5 percent from December
ber to January, but had a 5.3
percent increase from last year. All the measures decreased from last month
month: average sales price by 4.1 percent,
median sales price by 4.7 percent,
cent, and inventory months supply by 6.3 percent.
Overall Analysis: For the month of March
March, the Baldwin residential market showed decrease
creases in average sale price,
median sale price, and average days on market
market, compared to last month. However, the overall number of sales
increased from last month by 19.25 percent
percent. Compared to last year, average sale price, median sale price, and
average days on market increased by 19.53 percent, 11.66 percent, and 3.47 percent,, respectively.
respectively
United States Existing Home Prices for All H
Housing
ousing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Jan-11
247,000
$205,800
$157,900
7.7
Dec-11
349,000
$209,500
$162,200
6.4
Jan-12
260,000
$200,900
$154,600
6.0
$155,000
Vs. Last
Month
(%)
-25.5
-4.1
-4.7
-6.3
$150,000
Vs. Last
Year (%)
5.3
-2.4
-2.1
-22.1
Median Sales Price
$165,000
$160,000
Jan-11
Dec-11
Dec
Jan-12
Data Sources: All data taken from the Baldwin
win Multi
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
eWayne Cochran, MLS Coordinator, Office: 251.947.3777 or Dr. Don Epley, Director,
Director Center for Real
Estate Studies, Mitchell College of Business, University of South Alabama Office: 251.460.6735 or E-mail:
mail: depley@usouthal.edu.
University of South Alabama takes reasonable measures to ensure the quality of the data and other information produced. Howev
However,
er, USA makes no warranty, express or
implied, nor assumes any legal liability or responsibility forr th
the accuracy, correctness, or completeness of any information, nor repres
resents that its use would not infringe
on privately owned rights. Reference to any specific commerc
ercial product, process, or service does not constitute an endorsement, recommendation,
rec
or favoring by USA.
Baldwin County Residential
For the Month of March 2012
Baldwin County
Areas
Total County
Feb-11
% vs prv mo
% vs prv year
North Baldwin
Feb-11
% vs prev mo
% vs prev year
Eastern Shore
Feb-11
% vs prev mo
% vs prev year
Central
Feb-11
% vs prev mo
% vs prev year
South
Feb-11
% vs prev mo
% vs prev year
Gulf Beach
Feb-11
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$222,040
$166,000
316
179
$225,509
-1.54
19.53
$170,000
-2.35
11.66
265
19.25
-8.14
201
-10.95
3.47
$100,411
$134,875
-25.55
1.39
$71,500
$124,300
-42.48
-25.87
12
4
200.00
20.00
225
143
57.34
122.77
$216,264
$256,785
-15.78
6.61
$178,450
$177,700
0.42
2.12
98
78
25.64
-5.77
173
187
-7.49
8.81
$113,354
$109,010
3.98
23.46
$97,500
$107,000
-8.88
8.33
22
21
4.76
-37.14
158
209
-24.40
4.64
$129,346
$128,169
0.92
9.24
$116,000
$111,125
4.39
29.61
56
56
0.00
-34.88
126
220
-42.73
-25.44
$297,100
$280,421
5.95
13.95
$239,600
$235,250
1.85
16.88
128
106
20.75
17.43
207
201
2.99
1.47
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