Baldwin Residential Real Estate
Center for Real Estate Studies
Baldwin Multi List
Go to: http://cres.southalabama.edu
http://cres.southalabama.edufor more data
Report for the month of February, 2012
Baldwin County Residential Market
(Total,
Total, North
North, Eastern Shore, Central, South, Gulf Beach)
Prices: From January to February, the average sales price in all areas of Baldwin County increased. The total
county average sales increased by 28.05 percent, or from $177,290 in January to $227,018 in February. The
following increases occurred in North, Eastern Shore, Central, South, and Gulf Beach, respectively: 17.83, 48.67,
9.04, 20.39, and 8.29 percent. Compared to February, 2011, North, Eastern Shore, and Central all saw increases
of 8.32, 5.16, and 11.20 percent, respectively. South and Gulf Beach both dec
decreased
reased by 5.48 and 1.07 percent,
respectively, from the same month last year. All areas also increased in median sales price in North, Eastern
Shore, Central, South, and Gulf Beach by 8.09, 15.27, 28.92, 23.26, and 13.92 percent, respectively.
respective
Sales: The total number of sales in Baldwin County rose from 229 in January to 261 in February, or by 13.97
percent. However, this is a 9.06 percent decrease from February, 2011, with total sales of 287. Eastern
E
Shore,
South, and Gulf Beach increased, while North Baldwin and Central decreased in total number of sales.
Days on Market: Average days on th
the market for all Baldwin County also increased by 12.92 percent in
February, or from 178 to 201 days. North Baldwin was the only area with a decrease in February,
Febr
a decrease from
291 to 143 days, or by 63.64 percent. Days on the m
market for all Baldwin County also increased from the same
month last year by 8.06 percent.
U.S.: The U.S. market in December saw an increase in sales from $335,000 in November, 2011, to $349,000 in
December, or 4.2 percent. Sales also increased from the prior year by 1.2 percent. Average sales price, median
sales price, and inventory months supply
upply all decreased in De
December,
cember, 2011, by 0.4, 1.1, and 9.9 percent,
respectively. These three price trends also decreased from December, 2010, as well.
Overall Analysis: For the month of February
February, the Baldwin residential market showed an increase for all areas in
prices, sales, and days on the market.
arket. Overall, average sales price and median sales price increased by 28.05
percent and 17.24 percent,, respectively, since January. Average sales price
rice also increased from February, 2011,
while median sales price
rice saw a decrease of 2.86 percent. Number of sales and average
verage days on the market also
increased in February by 13.97 and
nd 12.92 percent, respectively.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median
n
Sales Price
Inventory
Months
Supply
Dec-10
345,000
$217,900
$168,800
8.1
$170,000
Nov-11
335,000
$210,400
$164,000
7.1
$165,000
Dec-11
349,000
$209,500
$162,200
6.4
Vs. Last
Month (%)
4.2
-0.4
-1.1
-9.9
Vs. Last
Year (%)
1.2
-3.9
-3.9
-21.0
Median Sales Price
$160,000
$155,000
Dec-10
Nov-11
Nov
Dec-11
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: Susan Grimsley,
Grimsley Research Associate
For additional information: DeWayne
eWayne Cochran, MLS Coordinator, Office: 251.947.3777or Dr. Don Epley, Director,
Director Center for Real
Estate Studies, Mitchell College of Business, University of South AlabamaO
AlabamaOffice: 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 February 2012
Baldwin County
Areas
Total County
Jan-12
% vs prev mo
% vs prev year
North Baldwin
Jan-12
% vs prev mo
% vs prev year
Eastern Shore
Jan-12
% vs prev mo
% vs prev year
Central
Jan-12
% vs prev mo
% vs prev year
South
Jan-12
% vs prev mo
% vs prev year
Gulf Beach
Jan-12
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$227,018
$177,290
28.05
3.87
$170,000
$145,000
17.24
-2.86
261
229
13.97
-9.06
201
178
12.92
8.06
$134,875
$114,467
17.83
8.32
$124,300
$115,000
8.09
-5.11
4
11
-63.64
-63.64
143
291
-50.86
-22.70
$257,094
$172,925
48.67
5.16
$172,900
$150,000
15.27
-5.52
77
70
10.00
-10.47
188
165
13.94
-0.53
$107,963
$99,011
9.04
11.20
$107,000
$83,000
28.92
42.76
19
24
-20.83
-20.83
176
154
14.29
0.00
$130,492
$108,389
20.39
-5.48
$115,250
$93,500
23.26
15.83
55
48
14.58
-11.29
220
179
22.91
33.33
$280,072
$258,639
8.29
-1.07
$235,250
$206,500
13.92
0.11
106
76
39.47
1.92
206
180
14.44
3.00
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