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Report for the month of October, 2011
( Total, North, Eastern Shore, Central, South, Gulf Beach )
Prices: The average sales price in South for October increased 24.71 percent, from $119,754 in September to
$149,344. The overall average sales price decreased 4.09 percent from last month, but increased 4.60 percent from October, 2010. Median sale prices decreased in North Baldwin, Eastern Shore, and Gulf Beach by 52.50 percent, 7.24 percent, and 14.00 percent, respectively. Median sale prices increased in Central and South by
20.00 percent and 13.80 percent. The overall median sales price decreased 3.85 percent from last month and 7.41 percent from last year.
Sales: The total number of sales in Baldwin County fell from 315 to 283, or 10.16 percent. Sales in Eastern
Shore, Central, and South all decreased from September by 22.86 percent, 39.39 percent, and 7.89 percent, respectively. North Baldwin had a 0.0 percent change, selling 8 properties in both September and October. Gulf
Beach sales increased from 93 in September to 104 in October, or 11.83 percent.
Days on Market: Average days on the market for all Baldwin County increased from 180 in September to 186 in
October, a 3.33 percent change. North Baldwin declined 29.37 percent, falling from 252 days to 178. Central decreased by 14.02 percent, or from 214 to 184 in October, 2011. Gulf Beach dropped from 209 to 201 days, a change of 3.83 percent. South remained the same in September and October with 167 days each month. Eastern
Shore showed an increase of 25.68 percent.
U.S.: The number of homes sold in the U.S increased by 9.8 percent in August. The median sales price remained the same at $171,200, and the average sales price fell slightly to $219,500, a 0.4 percent change. The number of months required to sell the existing inventory decreased to 8.4, a change of 11.6 percent.
Overall Analysis: For the month of October, the Baldwin residential market showed an increase in average days on the market as well as an increase from October, 2010, by 19.23 percent. The average sales price, median sales price, and number of sales all showed decreases from September, 2011. However, the average sales price and number of sales both showed increases from October, 2010, by 4.60 percent and 10.12 percent, respectively.
Time Sales
Average
Sales Price
Median
Sales Price
Inventory
Months
Supply
Aug-10 414,000 $225,900 $177,300 11.7 $180,000
Jul-11 458,000 $220,400 $171,200 9.5
$175,000
Aug-11 503,000 $219,500 $171,200 8.4
Vs. Last
Month (%)
9.8 -0.4 0.0 -11.6
$170,000
Vs. Last
Year (%)
21.5 -2.8 -3.4 -28.2
$165,000
Aug-10 Jul-11 Aug-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 : Susan Ramsay, Research Associate
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.

For the Month of October 2011
Baldwin County
Areas
Total County
Sep-11
% vs prev mo
% vs prev year
Average
Sale Price
$211,547
$220,579
-4.09
4.60
Median
Sale Price
$150,000
$156,000
-3.85
-7.41
Number of
Sales
283
315
-10.16
10.12
Average Days on Market
186
180
3.33
19.23
North Baldwin
Sep-11
% vs prev mo
% vs prev year
$95,788
$180,263
-46.86
-17.17
$66,500
$140,000
-52.50
-41.67
8
8
0.00
33.33
178
252
-29.37
-17.21
Eastern Shore
Sep-11
% vs prev mo
% vs prev year
Central
Sep-11
% vs prev mo
% vs prev year
South
Sep-11
% vs prev mo
% vs prev year
$191,673
$224,744
-14.71
-11.56
$107,850
$112,818
-4.40
16.69
$149,344
$119,754
24.71
36.32
$160,478
$173,000
-7.24
-11.34
$102,000
$85,000
20.00
20.71
$120,000
$105,450
13.80
13.74
81
105
-22.86
15.71
20
33
-39.39
-9.09
70
76
-7.89
25.00
186
148
25.68
18.47
184
214
-14.02
50.82
167
167
0.00
33.60
Gulf Beach
Sep-11
% vs prev mo
% vs prev year
North
Eastern Shore
Central
South
Gulf Beach
$297,741
$339,976
-12.42
9.74
$215,000
$250,000
-14.00
-6.52
104
93
11.83
0.97
201
209
-3.83
14.20
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