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 March 2011
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County for March decreased 13.28 percent to $191,324. The median
sales price decreased 14.70 percent to $150,000. Median sale prices in the Central Area rose 18.53 percent,
Eastern Shore fell 3.01 percent, and Gulf Beach decreased 13.14 percent. The South decreased 10.86 percent to
$88,250, and North decreased 26.37 percent.
Sales: Sales for the whole county rose 84 to 380, or 28.38 percent. They rose 41.67 percent to 34 in the Central
area, 33.33 percent in the South, 20.93 percent on the Eastern Shore, and 1.92 percent for Gulf Beach. In the
North, sales decreased by 9.09 percent
Days on Market: Average days on the market for the whole county decreased from 189 in February to 176 in
March. The North decreased by 84 to 101, by 29 to 160 on the Eastern Shore, and by 26 to 150 in the Central
area. In the South, this number increased 4.91 percent, and rose three percent in Gulf Beach.
U.S.: The number of homes sold in the U.S. decreased by 29.5 percent in January. The median sales price fell
6.5 percent to $157,900, and the average sales price fell to $205,800. The number of months required to sell the
existing inventory decreased to 7.5. The National Association of Realtors recommends a 6 to 8 month range for
a healthy market.
In general, the Baldwin residential market still reflects a national trend. The Central area shows a modest
increase in the median sales price, and the number of sales for the county increased by 28.38 percent.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales
Price
Median
Sales
Price
Inventory
Months
Supply
$170,000
Jan-10
275,000
$212,200
$164,900
7.7
$165,000
Dec-10
404,000
$217,900
$168,800
8.2
$160,000
Jan-11
285,000
$205,800
$157,900
7.5
$155,000
-29.5
-5.6
-6.5
-8.5
$150,000
3.6
-3.0
-4.2
-2.6
Vs. Last
Month (%)
Vs. Last
Year (%)
Median Sales Price
Jan-10
Dec-10
Jan-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 March 2011
Baldwin County
Areas
Total County
Feb-11
% vs prv mo
% vs prv year
North Baldwin
Feb-11
% vs prev mo
% vs prev year
Eastern Shore
Feb-11
% vs prev mo
% vs prev year
Central
Feb-11
% vs prev mo
% vs prev year
South
Feb-11
% vs prev mo
% vs prev year
Gulf Beach
Feb-11
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$191,324
$150,000
380
176
$220,626
-13.28
-12.08
$175,850
-14.70
-13.17
296
28.38
15.15
189
-6.88
0.00
$99,030
$96,450
10
101
$124,514
-20.47
-9.99
$131,000
-26.37
-3.55
11
-9.09
100.00
185
-45.41
-31.76
$204,150
$177,500
104
160
$244,477
-16.50
-11.68
$183,000
-3.01
-10.58
86
20.93
19.54
189
-15.34
-18.37
$90,753
$88,838
34
150
$97,088
-6.53
-32.60
$74,950
18.53
-30.87
24
41.67
0.00
176
-14.77
-9.09
$115,057
$88,250
84
171
$136,883
-15.95
-25.13
$99,000
-10.86
-23.26
63
33.33
21.74
163
4.91
8.23
$266,917
$204,125
106
206
$283,090
-5.71
0.24
$235,000
-13.14
-5.93
104
1.92
-20.30
200
3.00
18.39
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