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 February, 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 February fell 3.88 percent to $204,288 while the median sales
price increased 5.14 percent to $160,000. Average sale prices in the North showed a substantial decrease of
28.77 percent to $147,489, increased 7.8 percent to $176,909 in the Central area, and declined 2.7 percent to
$249,324 in the South region.
Concurrently, sales rose to 117 in the Central area, declined to 11 in the North, and declined to 85 in the South.
For the whole county, sales increased by 28 to 213.
Average days on the market for the whole county rose to 183 from 166 in January. The North increased to 197,
decreased to 163 in the Central region, and increased in the South from 170 in January to 208 in February.
The number of sales for December in the U.S. decreased by 12.3 percent while the median sales price grew by
0.3 percent to $170,500. The number of months required to sell the existing inventory increased to 7.2. 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
Median Sales Price
Time
Sales
Dec-08
Nov-09
Dec-09
Vs. Last
Month
(%)
Vs. Last
Year (%)
361,000
471,000
413,000
Ave.
Sales
Price
$217,600
$211,800
$218,700
-12.3
3.3
0.3
10.8
14.4
0.5
-3.0
-23.4
Med. Sales
Price
Inventory
Mo. Supply
$175,700
$170,000
$170,500
9.4
6.5
7.2
$178,000
$176,000
$174,000
$172,000
$170,000
$168,000
$166,000
Dec-08
Nov-09
Dec-09
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.
February 2010 Baldwin County Residential Report
North No. of Sales
North Avg Sales Price
25
$300,000
20
$200,000
15
10
$100,000
5
$0
0
Feb-07
Feb-08
Month
Feb-09
Ave. Sales $
Feb-07
$244,460
Feb-08
$169,470
Feb-09
$191,980
Jan-10
Feb-10
Feb-07
Feb-08
Feb-09
% Change
Month
# Sales
Feb-07
-30.68
13.28
Feb-08
13
23
23
17
11
235
226
Feb-09
Jan-10
$207,047
Feb-10
$147,489
-28.77
Feb-10
Jan-10
Annual 08
Annual 09
$204,185
$176,458
-13.58
Annual 08
Annual 09
Jan-10
Feb-10
% Change
76.92
0.00
-35.29
-3.83
Central No. of Sales
Central Avg. Sales Price
200
$250,000
150
$200,000
$150,000
100
$100,000
$50,000
50
$0
0
Feb-07
Month
Ave. Sales $
Feb-07
$229,440
$219,536
$168,131
$164,418
$176,909
$223,901
$183,317
Feb-08
Feb-09
Jan-10
Feb-10
Annual 08
Annual 09
% Change
Feb-08
Feb-09
Month
# Sales
Feb-07
175
128
104
79
117
1561
1597
-4.32
-23.42
Feb-08
7.60
Feb-10
-18.13
Annual 08
Annual 09
Feb-09
Jan-10
Jan-10
Feb-10
% Change
-26.86
-18.75
48.10
2.31
South No. of Sales
South Avg Sales Price
100
$400,000
80
$300,000
60
$200,000
40
$100,000
20
$0
0
Feb-07
Feb-08
Month
Feb-07
Feb-08
Feb-09
Jan-10
Feb-10
Annual 08
Annual 09
Feb-09
Jan-10
Feb-10
Ave. Sales $ % Change
$340,294
$377,581
$306,067
$256,230
$249,324
$404,927
$311,532
Feb-07
Feb-08
Feb-09
Month
# Sales
Feb-07
75
52
67
89
85
943
1241
10.96
-18.94
Feb-08
-2.70
Feb-10
-23.06
Annual 08
Annual 09
Feb-09
Jan-10
Jan-10
Feb-10
% Change
-30.67
28.85
-4.49
31.60