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 April, 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 April decreased 24.98 percent to $212,963, and the median sales
price declined 22.42 percent to $164,850. Average sale prices in the North showed a slight decrease of 3.82
percent to $205,620, declined 8.7 percent to $164,853 in the Central area, and increased 8.12 percent to
$287,488 in the South region.
Concurrently, sales rose to 194 in the Central area, increased to 28 in the North, and decreased to 128 in the
South. For the whole county, sales increased by 28 to 350.
Average days on the market for the whole county increased to 177 from 166 in March. The Central region
increased to 175, the South increased to 179, and the North decreased from 189 in March to 181.
The number of homes sold in the U.S. increased by 9.1 percent in February. Also, the median sales price
declined by 0.2 percent to $164,600. The number of months required to sell the existing inventory increased to
8.5. The National Association of Realtors recommends a 6 to 8 month range for a healthy market.
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
Sales
Feb-09
280,000
Average
Sales
Price
$210,300
Jan-10
275,000
Feb-10
Vs. Last
Month
(%)
Vs. Last
Year (%)
Median
Sales Price
Inventory
Mo. Supply
$168,200
9.7
$212,200
$164,900
7.8
300,000
$208,700
$164,600
8.5
9.1
-1.6
-0.2
9.0
7.1
-0.8
-2.1
-12.4
Median Sales Price
$172,000
$170,000
$168,000
$166,000
$164,000
$162,000
$160,000
Jan-09
Dec-09
Jan-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: 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.
April 2010 Baldwin County Residential Report
North No. of Sales
North Avg Sales Price
40
$250,000
$200,000
$150,000
$100,000
$50,000
$0
30
20
10
0
Apr-07
Apr-08
Month
Apr-09
Ave. Sales $
Apr-07
$200,202
Apr-08
$202,789
Apr-09
$144,124
Mar-10
Apr-10
Apr-07
Apr-08
Apr-09
% Change
Month
# Sales
Apr-07
1.29
-28.93
Apr-08
29
20
15
16
28
235
226
Apr-09
Mar-10
$213,791
Apr-10
$205,620
Mar-10
-3.82
Apr-10
Annual 08
Annual 09
$204,185
$176,458
-13.58
Annual 08
Annual 09
Mar-10
Apr-10
% Change
-31.03
-25.00
75.00
-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
Apr-07
Month
Ave. Sales $
Apr-07
$246,499
$255,948
$169,594
$180,565
$164,853
$223,901
$183,317
Apr-08
Apr-09
Mar-10
Apr-10
Annual 08
Annual 09
% Change
3.83
-33.74
Apr-08
Apr-09
Month
# Sales
Apr-07
205
117
134
179
194
1561
1597
Apr-08
Apr-09
Mar-10
-8.70
Apr-10
-18.13
Annual 08
Annual 09
Mar-10
Apr-10
% Change
-42.93
14.53
8.38
2.31
South No. of Sales
South Avg Sales Price
150
$500,000
$400,000
100
$300,000
$200,000
50
$100,000
0
$0
Apr-07
Apr-08
Month
Apr-07
Apr-08
Apr-09
Mar-10
Apr-10
Annual 08
Annual 09
Apr-09
Mar-10
Apr-10
Ave. Sales $ % Change
$398,500
$326,770
$296,938
$265,891
$287,488
$404,927
$311,532
-18.00
-9.13
Apr-07
Apr-08
Apr-09
Month
# Sales
Apr-07
88
84
125
134
128
943
1241
Apr-08
Apr-09
Mar-10
8.12
Apr-10
-23.06
Annual 08
Annual 09
Mar-10
Apr-10
% Change
-4.55
48.81
-4.48
31.60