Baldwin County Residential Market

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Baldwin Residential Real Estate
Center for Real Estate Studies
Baldwin Multi List
Go to http://cres.southalabama.edu for more data
Report for the period ending June, 2010
Baldwin County Residential Market (Total, North, Central, South)
This snapshot view of the residential housing market is designed to provide a useful source of data and
information. We hope you find it useful. Comments are always welcome.
The average sales price in Baldwin County for June decreased 0.91 percent to $206,539, and the median sales
price increased 17.34 percent to $177,500. Average sale prices in the North showed an increase of 7.65 percent
to $229,656, decreased 9.97 percent to $245,094 in the South region, and increased 9.89 percent to $182,188 in
the Central area.
Concurrently, sales remained unchanged at 18 in the North, decreased to 89 in the South, and dropped to 158 in
the Central area. For the whole county, sales decreased by 47 to 265.
Average days on the market for the whole county decreased from 170 in May to 150 in June. The South
decreased to 151, Central region decreased to 150, and the North decreased from 146 in May to 145.
The number of homes sold in the U.S. increased by 21.7 percent in April. Also, the median sales price increased
1.6 percent to $172,300. The number of months required to sell the existing inventory increased to 8.4.
The second page shows MLS data for the three Baldwin County areas. North is north of I-10. Central is
between I-10 and the International Waterway. South is south of the Waterway. Data for the Total County are
explained above.
United States Existing Home Prices for All Housing Types
Time
Ave.
Sales
Price
413,000 $208,600
Sales
Apr-09
Mar-10 429,000 $218,300
Apr-10 522,000 $217,300
Vs. Last
Month
21.7
-0.5
(%)
Vs. Last
Year
26.4
4.2
(%)
Med.
Sales
Price
$166,500
$169,600
$172,300
Inventory
Mo.
Supply
10.1
8.1
8.4
1.6
3.7
Median Sales Price
$174,000
$172,000
$170,000
$168,000
$166,000
$164,000
$162,000
3.5
-16.8
Apr-09
Mar-10
Apr-10
Data Sources: All data taken from the Baldwin Multi-List, Martha Taylor, Office: 251. 928.1708, and the National Association of
Realtors, www.realtor.com. For additional information, contact Dr. Don Epley, Director, Center for Real Estate Studies, Mitchell
College of Business, University of South Alabama, Office: 251.460.6735, E-mail: [email protected]
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.
June 2010 Baldwin County Residential Report
North No. of Sales
North Avg Sales Price
$300,000
40
$200,000
30
20
$100,000
10
$0
0
Jun-07
Jun-08
Month
Jun-09
Ave. Sales $
Jun-07
$256,336
Jun-08
$197,672
Jun-09
$256,836
May-10
Jun-10
Jun-07
Jun-08
Jun-09
% Change
Month
# Sales
Jun-07
-22.89
29.93
Jun-08
32
33
18
18
18
235
226
Jun-09
May-10
$213,326
Jun-10
$229,656
May-10
7.65
Jun-10
Annual 08
Annual 09
$204,185
$176,458
-13.58
Annual 08
Annual 09
May-10
Jun-10
% Change
3.13
-45.45
0.00
-3.83
Central No. of Sales
Central Avg. Sales Price
250
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
200
150
100
50
0
Jun-07
Month
Ave. Sales $
Jun-07
$254,730
$198,249
$196,892
$165,795
$182,188
$223,901
$183,317
Jun-08
Jun-09
May-10
Jun-10
Annual 08
Annual 09
% Change
-22.17
-0.68
Jun-08
Jun-09
Month
# Sales
Jun-07
220
151
146
177
158
1561
1597
Jun-08
Jun-09
May-10
9.89
Jun-10
-18.13
Annual 08
Annual 09
May-10
Jun-10
% Change
-31.36
-3.31
-10.73
2.31
South No. of Sales
South Avg Sales Price
$500,000
200
$400,000
150
$300,000
100
$200,000
50
$100,000
0
$0
Jun-07
Jun-08
Month
Jun-07
Jun-08
Jun-09
May-10
Jun-10
Annual 08
Annual 09
Jun-09
May-10
Jun-10
Ave. Sales $ % Change
$408,117
$430,513
$316,534
$272,244
$245,094
$404,927
$311,532
5.49
-26.48
Jun-07
Jun-08
Jun-09
Month
# Sales
Jun-07
74
87
146
117
89
943
1241
Jun-08
Jun-09
May-10
-9.97
Jun-10
-23.06
Annual 08
Annual 09
May-10
Jun-10
% Change
17.57
67.82
-23.93
31.60
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