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 January, 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 January fell 5.93 percent to $209,222 while the median sales price declined 5.52
percent $160,000. Average sale prices in the North had a substantial increase of 57.21 percent to $207,047,
decreased 23.51 percent in the Central area to $158,000, and increased slightly in the South to $257,226.
Concurrently, sales rose by 2 in the North, declined to 78 in the Central area, and declined to 84 in the South.
For the whole county, sales declined by 77 to 179.
Average days on the market for the whole county fell to 170 from 180 in December. The North increased to
159, decreased to 166 in the Central region, and declined in the South from 177 in December to 175 in January.
The number of sales for November in the U.S. decreased by 5.4 percent while the median sales price declined
1.3 percent to $170,000. The number of months required to sell the existing inventory declined slightly to 6.5.
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
Nov-08
Oct-09
Nov-09
Vs. Last
Month
(%)
Vs. Last
Year (%)
322,000
498,000
471,000
Average
Sales
Price
$223,000
$217,300
$211,800
-5.4
46.3
Med. Sales Price
Median
Sales Price
Inventory
Month Supply
$180,300
$172,200
$170,000
11
7.0
6.5
-2.5
-1.3
-7.1
-5.0
-5.7
-40.9
$185,000
$180,000
$175,000
$170,000
$165,000
$160,000
Nov-08
Oct-09
Nov-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.
January 2010 Baldwin County Residential Report
North No. of Sales
North Avg Sales Price
$300,000
20
$200,000
15
10
$100,000
5
$0
0
Jan-07
Jan-08
Month
Jan-09
Ave. Sales $
Jan-07
$177,509
Jan-08
$249,843
Jan-09
$132,346
Dec-09
Jan-10
Jan-07
Jan-08
Jan-09
% Change
Month
# Sales
Jan-07
40.75
-47.03
Jan-08
12
13
13
15
17
235
226
Jan-09
Dec-09
$131,705
Jan-10
$207,047
Dec-09
57.21
Jan-10
Annual 08
Annual 09
$204,185
$176,458
-13.58
Annual 08
Annual 09
Dec-09
Jan-10
% Change
8.33
0.00
13.33
-3.83
Central No. of Sales
Central Avg. Sales Price
200
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
150
100
50
0
Jan-07
Month
Ave. Sales $
Jan-07
$238,799
$207,429
$194,775
$206,554
$158,000
$223,901
$183,317
Jan-08
Jan-09
Dec-09
Jan-10
Annual 08
Annual 09
% Change
-13.14
-6.10
Jan-08
Jan-09
Month
# Sales
Jan-07
146
92
85
137
78
1561
1597
Jan-08
Jan-09
Dec-09
-23.51
Jan-10
-18.13
Annual 08
Annual 09
Dec-09
Jan-10
% Change
-36.99
-7.61
-43.07
2.31
South No. of Sales
South Avg Sales Price
120
100
80
60
40
20
0
$500,000
$400,000
$300,000
$200,000
$100,000
$0
Jan-07
Jan-08
Month
Jan-07
Jan-08
Jan-09
Dec-09
Jan-10
Annual 08
Annual 09
Jan-09
Dec-09
Jan-10
Ave. Sales $ % Change
$427,994
$305,732
$344,836
$256,408
$257,226
$404,927
$311,532
-28.57
12.79
Jan-07
Jan-08
Jan-09
Month
# Sales
Jan-07
46
35
41
104
84
943
1241
Jan-08
Jan-09
Dec-09
0.32
Jan-10
-23.06
Annual 08
Annual 09
Dec-09
Jan-10
% Change
-23.91
17.14
-19.23
31.60