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 November, 2011
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County for November increased 4.66 percent, to $200,907. The
overall median sales price increased 3.23 percent from $155,000 in October to $160,000 in November. The
median sale price increased in Central and Gulf Beach by 23.99 percent and 5.3 percent, respectively. The
median sale price decreased in North Baldwin, Eastern Shore, and South Baldwin by 19.3 percent, 13.48 percent,
and 30.0 percent, in November, 2011.
Sales: The number of sales in Baldwin County fell from 286 to 259, or 9.44 percent. Sales in North Baldwin
increased 66.67 percent compared to October. Sales in the Eastern Shore totaled to 89 sales in November, 2011 at
a positive 66.67 percent change. Central sales increased 31.25 percent, having 21 sales compared to 16 sales in
October. South decreased 30.0 percent, or by 21 sales. Gulf Beach sales increased from 86 sales in October to 90
in November, a 4.65 percent change.
Days on Market: Average days on the market for all Baldwin County increased from 186 in October to 195 in
November, a 4.84 percent change. North Baldwin decreased by 19.05 percent, Eastern Shore declined by 5.38
percent and South decreased by 5.39 percent. Central’s days on the market rose by 46.49 percent. Also, Gulf
Beach’s days on market increased by 24.62 percent.
U.S.: The number of homes sold in the U.S. decreased by 13.9 percent from last month, but a 14.6 percent
increase from last year in September, 2011. The median sales price fell 3.2 percent to $165,800, and the average
sales price fell to $213,500, a 2.7 percent change as well. The inventory months supply decreased 1.2 percent.
Overall Analysis: For the month of November, the Baldwin residential market showed decreases in average sale
price and number of sales, but an increase in median sale price and average days on market compared to last
month. Though the number of sales decreased from last month, the Baldwin residential market did show a slight
increase in median sale price compared to October, 2011. Compared to last year, the number of sales increased at
25 percent, to 8.54 percent, to 5.0 percent in North Baldwin, Eastern Shore, and Central, respectively.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
Sep-10
378,000
$218,100
$171,400
10.9
Aug-11
503,000
$219,500
$171,200
8.4
Sep-11
433,000
$213,500
$165,800
8.3
-13.9
-2.7
-3.2
-1.2
14.6
-2.1
-3.3
-23.9
Vs. Last
Month (%)
Vs. Last
Year (%)
Median Sales Price
$172,000
$170,000
$168,000
$166,000
$164,000
$162,000
Sep-10
Aug-11
Sep-11
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.
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 November 2011
Baldwin County
Areas
Total County
Oct-11
% vs prv mo
% vs prv year
North Baldwin
Oct-11
% vs prev mo
% vs prev year
Eastern Shore
Oct-11
% vs prev mo
% vs prev year
Central
Oct-11
% vs prev mo
% vs prev year
South
Oct-11
% vs prev mo
% vs prev year
Gulf Beach
Oct-11
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$200,907
$160,000
259
195
$214,620
-6.39
4.66
$155,000
3.23
5.09
286
-9.44
7.92
186
4.84
-2.99
$71,685
$65,326
10
119
$108,967
-34.21
-25.16
$80,950
-19.30
-1.77
6
66.67
25.00
147
-19.05
-33.15
$194,881
$163,000
89
176
$218,363
-10.75
1.11
$188,400
-13.48
0.16
73
21.92
8.54
186
-5.38
-4.86
$125,632
$97,951
21
167
$93,970
33.69
16.49
$79,000
23.99
-3.97
16
31.25
5.00
114
46.49
-9.24
$137,671
$114,000
49
158
$149,344
-7.82
19.23
$120,000
-5.00
56.16
70
-30.00
-16.95
167
-5.39
-36.80
$273,216
$203,750
90
248
$246,040
11.05
-10.06
$193,500
5.30
-8.01
86
4.65
-15.09
199
24.62
24.00
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