Baldwin Reside
ential Real
R
E
Estate
Cente
er for Rea
al Estate Studies
Baldwin
n Multi List
Go
o to: http:///cres.south
halabama.e
edu for morre data
Repoort for the month
m
of Julyy, 2011
Bald
dwin Coun
nty Residen
ntial Mark
ket
(Total,
(
Northh, Eastern Shore,
S
Centraal, South, Guulf Beach)
Prices: The averrage sales prrice in Baldw
win County for
f July decrreased 4.35 percent,
p
from
m $223,020 in
i June to
$2133,327. The overall mediaan sales price decreased 8.25 percentt to $158,500. Median saale prices deecreased in
Eastern Shore, Central,
C
Soutth, and Gulf Beach by 111.11 percent, 3.78 percennt, 19.29 perrcent, and 3.56 percent,
respeectively. Meedian sale prices increaseed in North Baldwin
B
by 11.57 percennt, from $110,000 to $1222,731 in
July,, 2011.
Sales: The numbber of sales in
i Baldwin County
C
fell from
f
342 to 321, or 6.14 percent. Salles in Easterrn Shore
increeased 36.26 percent
p
com
mpared to Junne, having a total of 124 sales in Julyy, 2011. Salees in North Baldwin
B
decreased from 6 to 2, a 66.6
67 percent chhange. Centrral sales deccreased 33.333 percent, haaving 22 salees comparedd
o by 15 salees. Gulf Beacch sales fell from 141 saales in June tto
to 333 sales in Junne. South deecreased 21.113 percent, or
117, a 17.02 perccent change.
Dayss on Markeet: Average days
d
on the market
m
for all Baldwin County
C
increeased from 183 in June too 189 in Julyy,
a 3.228 percent chhange. Easteern Shore decclined 7.89 percent,
p
falliing from 1900 days to 1755. South deccreased by
6.67 percent, or from 180 to 168 in July,, 2011. Northh Baldwin, Central,
C
and Gulf Beachh showed increases by
2.82 percent, 30..37 percent, and 13.02 percent, respeectively.
U.S.: The numbeer of homes sold in the U.S.
U increaseed by 4.6 perrcent in Mayy, 2011. Thee median salees price rosee
p
to $1169,300, and
d the averagee sales price rose to $2177,600, a 3.5 percent
p
channge. The num
mber of
5.1 percent
monnths requiredd to sell the existing
e
inventory increaased to 9.1, a small changge of 1.1 perrcent.
Overall Analysiis: For the month
m
of Julyy, the Baldw
win residentiaal market shoowed decreaases in averaage sales pricce,
mediian sales price, number of
o sales, andd an increasee in average days
d
on the market.
m
Thoough the num
mbers are
loweer from last month,
m
the Baldwin
B
residdential markket did show
w a 33.75 percent increasee in number of sales
comppared to Julyy, 2010. Eastern Shore had
h an increaase of 49.40 percent and Gulf Beachh also had ann increase of
62.50 percent in number of sales,
s
compaared to last year.
y
United
d States Existing Hoome Pricess for All Housing
H
Tyypes
Tiime
Sales
s
e
Average
Sales Pric
ce
Median Sa
ales
Price
ory
Invento
Month
hs
Supply
Ma
ay-10
526,00
00
$220,900
0
$174,60
00
8.2
$180,000
Ap
pr-11
437,00
00
$210,200
0
$161,10
00
9.0
$170,000
Ma
ay-11
457,00
00
$217,600
0
$169,30
00
9.1
$160,000
Vs. Last
Month (%)
4.6
3.5
5.1
1.1
$150,000
Vs. Last
ar (%)
Yea
1
-13.1
-1.5
-3.0
11.0
0
Med
dian Salles Price
e
May-10
A
Apr-11
M
May-11
Data Sources: All data
d taken from
m the Baldwin Multi-List, Maartha Taylor, Office:
O
251.9477.3777, and thee National Assoociation of
Realtors: www.realltor.com.
For additional
a
infoormation: DeW
Wayne Cochrann, MLS Coordinator, Office: 251.947.3777 or Dr. Don Eppley, Director, Center for Reaal
Estatee Studies, Mitcchell College of
o Business, Unniversity of Souuth Alabama Office:
O
251.4600.6735 or E-maail: depley@ussouthal.edu.
Universsity of South Alabbama takes reasonaable measures to ennsure the quality of
o the data and othher information prooduced. However, USA makes no warranty, express orr
impliedd, nor assumes anyy legal liability or responsibility
r
for the
t accuracy, correectness, or compleeteness of any information, nor repreesents that its use would
w
not infringee
on privately owned rightss. Reference to any
y specific commerrcial product, process, or service doees not constitute ann endorsement, reccommendation, or favoring by USA..
Baldwin County Residential
For the Month of July 2011
Baldwin County
Areas
Total County
Jun-11
% vs prv mo
% vs prv year
North Baldwin
Jun-11
% vs prev mo
% vs prev year
Eastern Shore
Jun-11
% vs prev mo
% vs prev year
Central
Jun-11
% vs prev mo
% vs prev year
South
Jun-11
% vs prev mo
% vs prev year
Gulf Beach
Jun-11
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$213,327
$158,500
321
189
$223,020
-4.35
-1.12
$172,750
-8.25
-6.76
342
-6.14
33.75
183
3.28
8.00
$122,731
$122,731
2
146
$129,983
-5.58
28.39
$110,000
11.57
44.47
6
-66.67
-83.33
142
2.82
-20.65
$201,780
$160,000
124
175
$233,820
-13.70
-14.09
$180,000
-11.11
-20.00
91
36.26
49.40
190
-7.89
11.46
$91,318
$86,500
22
176
$102,509
-10.92
-4.38
$89,900
-3.78
8.46
33
-33.33
10.00
135
30.37
-24.46
$130,157
$113,000
56
168
$152,430
-14.61
-11.56
$140,000
-19.29
-13.08
71
-21.13
5.66
180
-6.67
11.26
$289,862
$217,000
117
217
$283,760
2.15
-2.59
$225,000
-3.56
-6.47
141
-17.02
62.50
192
13.02
10.15
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