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 December, 2009
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 December rose 9.78 percent to $224,163 while the median sales price declined
slightly to $168,000. Average sale prices in the North decreased 12.85 percent to $131,705, increased 26.03
percent in the Central area to $207,430, and declined 8.15 percent in the South to $260,341.
Concurrently, sales declined by 3 in the North, declined to 129 in the Central area, and rose to 98 in the South.
For the whole county, sales declined by 7 to 242.
Average days on the market for the whole county fell to 172 from 176 in November. This same number for the
North fell to 116, increased 172 in the Central region, and declined in the South from 218 in November to 180
in December.
The number of sales for October in the U.S. increased by 6.4 percent while the median sales price declined 2.2
percent to $172,200. The number of months required to sell the existing inventory declined significantly to 7.0.
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
Average
Sales
Price
Median
Sales
Price
Inventory
Mo. Supply
Oct-08
413,000
$229,600
$186,400
10.2
Sep-09
468,000
$221,900
$176,000
8.0
Oct-09
498,000
$217,300
$172,200
7.0
Median Sales Price
$190,000
$185,000
$180,000
$175,000
$170,000
$165,000
Vs. Last
Month
(%)
6.4
-2.1
-2.2
-12.5
Oct-08
Sep-09
Oct-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.
December 2009 Baldwin County Residential Report
North No. of Sales
North Avg Sales Price
$300,000
20
$200,000
15
10
$100,000
5
$0
0
Dec-06
Dec-07
Month
Dec-08
Ave. Sales $
Dec-06
$186,023
Dec-07
$244,868
Dec-08
$180,572
Nov-09
Dec-09
Dec-06
Dec-07
Dec-08
% Change
Month
# Sales
Dec-06
31.63
-26.26
Dec-07
18
19
15
18
15
274
235
Dec-08
Nov-09
$151,125
Dec-09
$131,705
-12.85
Dec-09
Nov-09
Annual 07
Annual 08
$215,698
$204,185
-5.34
Annual 07
Annual 08
Nov-09
Dec-09
% Change
5.56
-21.05
-16.67
-14.23
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
Dec-06
Month
Ave. Sales $
Dec-06
$239,438
$203,814
$216,739
$164,594
$207,430
$238,721
$223,901
Dec-07
Dec-08
Nov-09
Dec-09
Annual 07
Annual 08
% Change
Dec-07
Dec-08
Month
# Sales
Dec-06
193
132
103
146
129
2085
1561
-14.88
6.34
Dec-07
Dec-08
Nov-09
26.03
Dec-09
-6.21
Annual 07
Annual 08
Nov-09
Dec-09
% Change
-31.61
-21.97
-11.64
-25.13
South No. of Sales
South Avg Sales Price
150
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
100
50
0
Dec-06
Dec-07
Month
Dec-06
Dec-07
Dec-08
Nov-09
Dec-09
Annual 07
Annual 08
Dec-08
Nov-09
Dec-09
Ave. Sales $ % Change
$533,735
$379,323
$515,905
$283,432
$260,341
$407,403
$404,927
-28.93
36.01
Dec-06
Dec-07
Dec-08
Month
# Sales
Dec-06
72
47
120
85
98
913
943
Dec-07
Dec-08
Nov-09
-8.15
Dec-09
-0.61
Annual 07
Annual 08
Nov-09
Dec-09
% Change
-34.72
155.32
15.29
3.29