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 December, 2011
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in both North Baldwin and Gulf Beach increased in December, by 171.60 percent
and 7.93 percent. The overall average sales price, however, decreased by 1.80 percent from last month. Median
sale prices decreased in Eastern Shore, South, and Gulf Beach by 1.90 percent, 15.04 percent, and 1.84 percent,
respectively. Median sale prices increased in North Baldwin and Central by 129.62 percent and 1.03 percent. The
overall median sales price decreased 6.22 percent from last month and 16.76 percent from last year.
Sales: The total number of sales in Baldwin County fell from 266 to 252, or 5.26 percent. Sales in North
Baldwin, Eastern Shore, Central, and Gulf Beach all decreased from November by 50.00 percent, 5.56 percent,
13.64 percent, and 10.64 percent, respectively. South sales increased from 50 in November to 59 in December, or
18.00 percent.
Days on Market: Average days on the market for all Baldwin County decreased from 192 in November to 177
in December, a 7.81 percent change. North Baldwin increased 3.36 percent, rising from 119 days to 123. Central
rose by 0.63 percent, from 160 to 161 in December, 2011. Eastern Shore dropped from 174 to 160 days, a change
of 8.05 percent. South declined by 8.92 percent, falling from 157 days to 143 in December. Gulf Beach also
decreased from 244 to 225 days, a change of 7.79 percent.
U.S.: The U.S. market in October showed a decrease of 7 percent in sales from September to October, 2011, and
showed a 4.5 percent decrease compared to last year. The average sales price decreased to $205,900, resulting in
a 5.7 percent change from last year. The median sales price also decreased 5.7 percent, from $170,600 to
$160,800. The inventory months supply was 7.7 months in October, a 7.2 percent drop from September.
Overall Analysis: For the month of December, the Baldwin residential market showed a decrease in all areas for
both last month and last year. Average sale price and median sale price fell by 1.80 percent and 6.22 percent,
respectively, since November, 2011. Number of sales decreased by 5.26 percent in the last month and 13.99
percent in the last year. Average days on market declined by 7.81 percent since November, 2011, and 7.33
percent from December, 2010.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median
Sales Price
Inventory
Months
Supply
Oct-10
359,000
$218,300
$170,600
8.2
$175,000
Sep-11
369,000
$212,800
$165,300
8.3
$170,000
Oct-11
343,000
$205,900
$160,800
7.7
$165,000
Vs. Last
Month (%)
-7.0
-3.2
-2.7
-7.2
Vs. Last
Year (%)
-4.5
-5.7
-5.7
-6.1
Median Sales Price
$160,000
$155,000
Oct-10
Sep-11
Oct-11
Data Sources: All data taken from the Baldwin Multi-List, Martha Taylor, Office: 251.947.3777, and the National Association of
Data gathered by: Susan Grimsley, Research Associate
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 December 2011
Baldwin County
Areas
Total County
Nov-11
% vs prev mo
% vs prev year
North Baldwin
Nov-11
% vs prev mo
% vs prev year
Eastern Shore
Nov-11
% vs prev mo
% vs prev year
Central
Nov-11
% vs prev mo
% vs prev year
South
Nov-11
% vs prev mo
% vs prev year
Gulf Beach
Nov-11
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$197,236
$150,000
252
177
$200,861
-1.80
-7.16
$159,950
-6.22
-16.76
266
-5.26
-13.99
192
-7.81
-7.33
$194,700
$150,000
5
123
$71,685
171.60
77.55
$65,326
129.62
30.43
10
-50.00
-66.67
119
3.36
-44.84
$174,577
$160,000
85
160
$196,383
-11.10
-26.24
$163,100
-1.90
-28.87
90
-5.56
-7.61
174
-8.05
-18.78
$99,779
$100,000
19
161
$124,467
-19.83
-28.21
$98,976
1.03
-23.20
22
-13.64
-13.64
160
0.63
2.55
$125,552
$96,000
59
143
$136,118
-7.76
-9.35
$113,000
-15.04
-18.30
50
18.00
13.46
157
-8.92
-16.86
$292,708
$200,000
84
225
$271,207
7.93
14.75
$203,750
-1.84
-8.88
94
-10.64
-25.00
244
-7.79
14.80
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