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 May, 2011
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County for May increased 6.55 percent to $221,678 from $208,055
in April. The median sales price decreased 0.32 percent to $156,000. Median sale prices increased in North by
3.06 percent and in Eastern Shore by 28.54 percent. Median sale prices decreased in Central by 13.95 percent,
in South by 3.59 percent, and in Gulf Beach by 9.09 percent in May, 2011.
Sales: Sales for the entire county fell from 373 to 358, or 4.02 percent. North Baldwin showed a total of 14
sales, an increase of 55.56 percent compared to April. Sales in Eastern Shore also increased from 106 to 110 in
May, or 3.77 percent. Gulf Beach decreased 6.21 percent, having a total of 136 sales compared to 145 sales in
April. Central sales decreased 43.75 percent, or from 32 to 18 sales, and South decreased 1.23 percent by a
change of one sale less than the total of 81 sales in April.
Days on Market: Average days on the market for the whole county decreased from 196 in April to 189 in May,
a 3.57 percent change. Eastern Shore increased by 27.61 percent, or from 163 to 208. Decreases resulted in
North Baldwin, by 57.31 percent, Central Baldwin, by 10.66 percent, South Baldwin, by 17.37 percent, and
Gulf Beach, by 10.31 percent – as compared to the previous month.
U.S.: The number of homes sold in the U.S. increased by 36.3 percent in March, 2011. The median sales price
rose 2.4 percent to $159,800, and the average sales price rose to $207,300, a 2.50 percent change. The number
of months required to sell the existing inventory decreased to 8.3. The National Association of Realtors
recommends a 6 to 8 month range for a healthy market.
Overall, the Baldwin residential market showed an increase in all aspects compared to last year. Eastern Shore
showed significant increases compared to both April and last year. Also, North Baldwin showed a 55.56 percent
increase from April in number of sales, which, compared to last year, is a 250 percent increase.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months
Supply
Mar-10
429,000
$214,500
$169,600
8.0
Feb-11
295,000
$202,300
$156,100
8.5
Mar-11
402,000
$207,300
$159,800
8.3
Vs. Last
Month (%)
36.3
2.5
2.4
-2.4
Vs. Last
Year (%)
-6.3
-3.4
-5.8
3.8
Median Sales Price
$180,000
$170,000
$160,000
$150,000
$140,000
Mar-10
Feb-11
Mar-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 May 2011
Baldwin County
Areas
Total County
Apr-11
% vs prv mo
% vs prv year
North Baldwin
Apr-11
% vs prev mo
% vs prev year
Eastern Shore
Apr-11
% vs prev mo
% vs prev year
Central
Apr-11
% vs prev mo
% vs prev year
South
Apr-11
% vs prev mo
% vs prev year
Gulf Beach
Apr-11
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$221,678
$208,055
6.55
6.87
$156,000
$156,500
-0.32
3.13
358
373
-4.02
12.58
189
196
-3.57
12.50
$89,102
$152,656
-41.63
-10.22
$95,850
$93,000
3.06
-17.37
14
9
55.56
250.00
111
260
-57.31
-18.38
$240,993
$196,508
22.64
11.70
$209,000
$162,600
28.54
19.81
110
106
3.77
7.84
208
163
27.61
26.06
$87,116
$100,706
-13.49
-22.25
$81,750
$95,000
-13.95
-14.58
18
32
-43.75
-14.29
109
122
-10.66
-34.73
$139,731
$161,557
-13.51
10.24
$114,250
$118,500
-3.59
3.86
80
81
-1.23
6.67
176
213
-17.37
10.69
$285,717
$269,602
5.98
4.56
$200,000
$220,000
-9.09
-9.09
136
145
-6.21
17.24
200
223
-10.31
12.36
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