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 Junee, 2011
Baldw
win Countty Residen
ntial Mark
ket
(Total, Northh, Eastern Shhore, Centraal, South, Guulf Beach)
Prices: The averrage sales prrice in Baldw
win County for
f June incrreased 0.25 percent
p
to $2222,607 from
m $222,061
in May.
M The meddian sales prrice in the enntire county increased 9.87 percent too $172,500. Median salee prices
increeased in Norrth Baldwin, Central, Souuth, and Gullf Beach by 14.76 percennt, 6.39 perccent, 25.67 percent,
p
and
12.50 percent, reespectively. Median salee prices decreeased in Easstern Shore by
b 14.29 percent.
Sales: The numbber of sales in
i the entire county fell from
f
365 to 335, or 8.222 percent. Hoowever, Cenntral showed
an inncrease of 733.68 percent compared too last monthh, having a tootal of 33 salles in June, 2011.
2
Sales in
i North
Balddwin decreassed from 14 to
t 6, a 57.144 percent chaange. Easternn Shore salees decreased 20.72 percent, having a
total of 88 sales compared to
o 111 sales inn May. Soutth decreasedd 13.58 perceent, or by 11 sales. Gulf Beach
show
wed the smalllest decrease in numberr of sales, droopping from
m 140 sales inn May to 1388, a 1.43 perrcent changee.
Dayss on Markeet: Average days
d
on the market
m
for all Baldwin County
C
decreeased from 191
1 in May to
t 183 in
Junee, a 4.19 perccent change. Eastern Shoore declined 7.25 percennt, falling froom 207 days to 192. Gulf Beach alsoo
decreased by 5.885 percent, or
o from 205 to
t 193 in Junne, 2011. Noorth Baldwinn, Central, annd South shoowed
increeases in averrage days on
n the market by 27.93 percent, 23.85 percent, andd 1.69 percent, respectivvely.
U.S.: The numbeer of homes sold in the U.S.
U increaseed by 8.7 perrcent in Aprril, 2011. Thee median salles price
rose 0.8 percent to $161,100
0, and the aveerage sales price
p
rose to $210,200, a 1.4 percentt change. The number off
e
inventory increaased to 9.0, or
o 8.4 percennt.
monnths requiredd to sell the existing
Overall Analysiis: For the month
m
of June, the Baldw
win residential market shhowed increaases in averaage sales
pricee and mediann sales pricee. Significanttly higher saales occurredd in North Baaldwin, whicch showed an
a increase
of 455.88 percentt in average sales
s
price, and
a South Baldwin, whicch showed an
a increase of
o 25.67 perccent in
mediian sales price, leading to
t a 10.18 peercent increaase in averagge sales pricee.
United
d States Exxisting Home Pricess for All Housing
H
Tyypes
Tiime
Sales
s
e
Average
Sales Pric
ce
Median Sa
ales
Price
ory
Invento
Month
hs
Supply
Ap
pr-10
522,00
00
$217,300
0
$172,30
00
8.3
Ma
ar-11
402,00
00
$207,300
0
$159,80
00
8.3
Ap
pr-11
437,00
00
$210,200
0
$161,10
00
9.0
Vs. Last
Month (%)
8.7
1.4
0.8
8.4
Vs. Last
ar (%)
Yea
3
-16.3
-3.3
-6.5
8.4
Med
dian Salles Price
e
$175,000
$170,000
$165,000
$160,000
$155,000
$150,000
Ap
pr-10
M
Mar-11
A
Apr-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
Real Estate
E
Studies,, Mitchell Colllege of Businesss, University of
o South Alabaama Office: 251.460.6735 or E-mail:
depleey@usouthal.eddu.
Univerrsity of South Alabbama takes reason
nable measures to ensure
e
the quality of the data and othher information prroduced. However, USA makes no warranty,
w
express oor
implieed, nor assumes anny legal liability orr responsibility for the accuracy, corrrectness, or complleteness of any info
formation, nor reprresents that its use would not infringe
on privvately owned rightts. Reference to an
ny specific commeercial product, proccess, or service dooes not constitute an
a endorsement, reecommendation, orr favoring by USA
A.
Baldwin County Residential
For the Month of June 2011
Baldwin County
Areas
Total County
May-11
% vs prv mo
% vs prv year
North Baldwin
May-11
% vs prev mo
% vs prev year
Eastern Shore
May-11
% vs prev mo
% vs prev year
Central
May-11
% vs prev mo
% vs prev year
South
May-11
% vs prev mo
% vs prev year
Gulf Beach
May-11
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$222,607
$172,500
335
183
$222,061
0.25
7.04
$157,000
9.87
-2.73
365
-8.22
19.64
191
-4.19
18.06
$129,983
$110,000
6
142
$89,102
45.88
-0.12
$95,850
14.76
-15.32
14
-57.14
100.00
111
27.93
144.83
$234,496
$180,000
88
192
$246,068
-4.70
-4.15
$210,000
-14.29
-14.29
111
-20.72
-10.20
207
-7.25
23.87
$102,509
$89,900
33
135
$87,057
17.75
-13.99
$84,500
6.39
-18.27
19
73.68
57.14
109
23.85
2.27
$152,964
$140,750
70
181
$138,830
10.18
30.53
$112,000
25.67
34.05
81
-13.58
11.11
178
1.69
14.56
$283,099
$225,000
138
193
$282,800
0.11
12.15
$200,000
12.50
-2.17
140
-1.43
45.26
205
-5.85
19.14
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