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 September, 2011
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County for September increased 0.25 percent, from $219,983 in
August to $220,523. The overall median sales price increased 0.90 percent to $155,895. Median sale prices
increased in North Baldwin, Eastern Shore, Central, and Gulf Beach by 71.88 percent, 5.25 percent, 21.43
percent, and 11.11 percent, respectively. The median sale price decreased in South Baldwin by 4.14 percent, from
$110,000 to $105,450 in September, 2011.
Sales: The number of sales in Baldwin County fell from 342 to 314, or 8.19 percent. Sales in North Baldwin
decreased 20.00 percent compared to August. Sales in the Eastern Shore totaled to 104 sales in September, 2011
at a 0 percent change. Central sales increased 32.00 percent, having 33 sales compared to 25 sales in August.
South decreased 15.15 percent, or by 10 sales. Gulf Beach sales dropped from 137 sales in August to 93, a 32.12
percent change.
Days on Market: Average days on the market for all Baldwin County decreased from 197 in August to 180 in
September, an 8.63 percent change. Eastern Shore declined by 14.94 percent and Gulf Beach decreased by 15.04
percent. North Baldwin rose 211.11 percent, due to 2 uncommon sales in the 300,000-399,999 range. Central and
South increased by 28.14 percent and 5.03 percent, respectively.
U.S.: The number of homes sold in the U.S. decreased by 0.83 percent in July, 2011. The median sales price fell
2.5 percent to $171,200, and the average sales price fell to $220,400, a 2.5 percent change as well. The number of
months required to sell the existing inventory increased to 9.5, a change of 3.3 percent.
Overall Analysis: For the month of September, the Baldwin residential market showed decreases in number of
sales and average days on the market, but an increase in average sales price and median sales price. Though the
number of sales grew lower from last month, the Baldwin residential market did show a slight increase in average
sale price and median sale price compared to August, 2011. Compared to last year, Eastern Shore, Central, South
and Gulf Beach all had increases in the number of sales, ranging from 20.93 percent to 80.95 percent.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months
Supply
Jul-10
391,000
$231,600
$182,000
12.5
$185,000
Jun-11
515,000
$226,000
$175,600
9.2
$180,000
Median Sales Price
Jul-11
458,000
$220,400
$171,200
9.5
$175,000
Vs. Last
Month (%)
-11.1
-2.5
-2.5
3.3
$170,000
Vs. Last
Year (%)
17.1
-4.8
-5.9
-24.0
$165,000
Jul-10
Jun-11
Jul-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.
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 September 2011
Baldwin County
Areas
Total County
Aug-11
% vs prv mo
% vs prv year
North Baldwin
Aug-11
% vs prev mo
% vs prev year
Eastern Shore
Aug-11
% vs prev mo
% vs prev year
Central
Aug-11
% vs prev mo
% vs prev year
South
Aug-11
% vs prev mo
% vs prev year
Gulf Beach
Aug-11
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$220,523
$155,895
314
180
$219,983
0.25
-3.47
$154,500
0.90
-5.86
342
-8.19
35.93
197
-8.63
7.78
$180,263
$140,000
8
252
$90,230
99.78
65.06
$81,450
71.88
18.14
10
-20.00
-20.00
81
211.11
82.61
$224,616
$172,500
104
148
$190,080
18.17
2.10
$163,893
5.25
-12.61
104
0.00
20.93
174
-14.94
-7.50
$112,818
$85,000
33
214
$97,554
15.65
9.00
$70,000
21.43
-12.37
25
32.00
26.92
167
28.14
35.44
$119,754
$105,450
76
167
$131,053
-8.62
-16.80
$110,000
-4.14
-19.20
66
15.15
80.95
159
5.03
-8.24
$339,976
$250,000
93
209
$317,336
7.13
-5.17
$225,000
11.11
4.17
137
-32.12
38.81
246
-15.04
19.43
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