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 August, 2011
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County for August increased 3.36 percent, from $213,159 in July to
$220,314. The median sales price decreased 1.90 percent to $155,000. Compared to last month, average sale
prices increased in Central, South, and Gulf Beach by 0.58 percent, 1.45 percent, and 9.85 percent, respectively.
Median sale prices decreased in North Baldwin by 33.64 percent, from $122,731 to $81,450 in August, 2011.
Sales: Total sales in Baldwin County increased from 327 to 341, a 4.28 percent change. Sales in South increased
15.79 percent compared to July, having a total of 66 sales in August, 2011. Sales in North Baldwin increased
from 2 to 10, a 400.00 percent change. Gulf Beach sales increased 15.25 percent, having 136 sales compared to
118 sales in July. Eastern Shore sales decreased by 16.80 percent, or by 21 sales. Twenty-five sales occurred in
Central Baldwin, resulting in no change from last month.
Days on Market: Average days on the market for Baldwin County increased by 3.17 percent in August. North
Baldwin decreased by 44.52 percent, falling from 146 days to 81. Central decreased by 9.24 percent, and South
decreased by 5.92 percent, or by 10 days. Gulf Beach increased by 12.04 percent, increasing from 216 to 242.
Eastern Shore showed no change from last month, having a total of 174 average days on the market.
U.S.: Total sales in the U.S. increased by 12.7 percent in June, 2011. The median sales price rose 3.7 percent to
$175,600, and the average sales price rose to $226,000, a 3.9 percent change. The number of months required to
sell the existing inventory increased to 9.2, a change of 1.1 percent from May, 2011.
Overall Analysis: For the month of August, the Baldwin residential market showed increases in average sales
price, number of sales, and average days on the market. Overall, Baldwin County increased by 22.22 percent in
number of sales compared to August, 2010. Gulf Beach sales increased significantly compared to August of last
year, showing a 47.83 percent increase. The number of homes sold in North Baldwin occurred in lower price
ranges compared to July, resulting in the median sales price declining by 33.64 percent in August, 2011.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months
Supply
Jun-10
555,000
$229,800
$182,800
8.9
$190,000
May-11
457,000
$217,600
$169,300
9.1
$180,000
Jun-11
515,000
$226,000
$175,600
9.2
Vs. Last
Month (%)
12.7
3.9
3.7
1.1
Vs. Last
Year (%)
-7.2
-1.7
-3.9
3.4
Median Sales Price
$170,000
$160,000
Jun-10
May-11
Jun-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 August 2011
Baldwin County
Areas
Total County
Jul-11
% vs prv mo
% vs prv year
North Baldwin
Jul-11
% vs prev mo
% vs prev year
Eastern Shore
Jul-11
% vs prev mo
% vs prev year
Central
Jul-11
% vs prev mo
% vs prev year
South
Jul-11
% vs prev mo
% vs prev year
Gulf Beach
Jul-11
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$220,314
$213,159
3.36
11.28
$155,000
$158,000
-1.90
-2.52
341
327
4.28
22.22
195
189
3.17
12.72
$90,230
$122,731
-26.48
-24.64
$81,450
$122,731
-33.64
-43.83
10
2
400.00
66.67
81
146
-44.52
-79.02
$190,080
$203,325
-6.51
-14.39
$163,893
$160,000
2.43
-12.33
104
125
-16.80
23.81
174
174
0.00
7.41
$97,554
$96,992
0.58
-14.49
$70,000
$95,000
-26.32
-29.26
25
25
0.00
4.17
167
184
-9.24
20.14
$131,053
$129,179
1.45
2.27
$110,000
$111,000
-0.90
-6.70
66
57
15.79
-9.59
159
169
-5.92
3.92
$318,883
$290,286
9.85
23.38
$225,000
$223,500
0.67
-0.44
136
118
15.25
47.83
242
216
12.04
25.39
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