Baldwin Residential Real Estate
Center for Real Estate Studies
Baldwin Multi List
http://cres.southalabama.edu
Report for the period ending November, 2009
Baldwin County Residential Market (Total, North, Central, South)
We hope you find this new report interesting and useful. It is designed to provide a snapshot view of the
residential housing market. Comments are always welcome.
The average sales price in November declined 8.32 percent to $204,187 while the median sales price declined
1.52 percent to $168,900. Average sale prices in the North decreased 10.59 percent to $151,125, increased 0.12
percent in the Central area to $164,594, and increased 72.41 percent in the South to $283,432.
Concurrently, sales rose by one to 18 in the North, increased to 146 in the Central area, and declined to 85 in the
South. For the whole county, sales rose by 9 to 249.
Average days on the market for the whole county fell to 176 from 206 in October. This same number for the
North rose by one to 18, increased to 146 in the Central region, and declined in the South from 100 in October
to 85 in November.
The number of sales for September in the U.S. increased by 7.8 percent while the median sales price declined
6.5 percent to $174,900. The number of months required to sell the existing inventory declined significantly to
7.8. 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
Ave.
Sales
Price
Med.
Sales
Price
Inventory
Mo. Supply
Sep-08
438,000
$235,000
$191,200
10.1
Aug-09
413,000
$222,400
$177,300
9.3
Sep-09
472,000
$219,800
$174,900
7.8
Vs. Last
Year (%)
7.8
-6.5
-8.5
-22.8
Median Sales Price
$195,000
$190,000
$185,000
$180,000
$175,000
$170,000
$165,000
Sep-08
Aug-09
Sep-09
Data Sources: All data taken from the Baldwin Multi-List, Martha Taylor, Office: 251. 928.1708, and the National Association of
Realtors. 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.
November 2009 Baldwin County Residential Report
North No. of Sales
North Avg Sales Price
$250,000
20
$200,000
15
$150,000
10
$100,000
5
$50,000
0
$0
Nov-06
Nov-07
Month
Nov-08
Ave. Sales $
Nov-06
$213,718
Nov-07
$207,511
Nov-08
$209,457
Oct-09
Nov-06
Nov-09
Nov-07
Nov-08
% Change
Month
# Sales
Nov-06
-2.90
0.94
Nov-07
17
18
14
17
18
274
235
Nov-08
Oct-09
$169,018
Nov-09
$151,125
-10.59
Nov-09
Oct-09
Annual 07
Annual 08
$215,698
$204,185
-5.34
Annual 07
Annual 08
Oct-09
Nov-09
% Change
5.88
-22.22
5.88
-14.23
Central No. of Sales
Average Sales Price
200
$300,000
$250,000
150
$200,000
100
$150,000
$100,000
50
$50,000
$0
0
Nov-06
Nov-07
Nov-08
Month
Ave. Sales $
Nov-06
$233,534
$273,496
$192,430
$164,392
$164,594
$238,721
$223,901
Nov-07
Nov-08
Oct-09
Nov-09
Annual 07
Annual 08
Oct-09
Nov-09
Nov-06
% Change
Nov-07
Nov-08
Month
# Sales
Nov-06
159
115
88
123
146
2085
1561
17.11
-29.64
Nov-07
0.12
Nov-09
-6.21
Annual 07
Annual 08
Nov-08
Oct-09
Oct-09
Nov-09
% Change
-27.67
-23.48
18.70
-25.13
South No. of Sales
South Avg Sales Price
120
100
80
60
40
20
0
$800,000
$600,000
$400,000
$200,000
$0
Nov-06
Nov-07
Month
Nov-06
Nov-07
Nov-08
Oct-09
Nov-09
Annual 07
Annual 08
Nov-08
Oct-09
Nov-09
Ave. Sales $ % Change
$233,534
$273,496
$192,430
$164,392
$283,432
$407,403
$404,927
Nov-06
Nov-07
Nov-08
Month
# Sales
Nov-06
63
57
71
100
85
913
943
17.11
-29.64
Nov-07
72.41
Nov-09
-0.61
Annual 07
Annual 08
Nov-08
Oct-09
Oct-09
Nov-09
% Change
-9.52
24.56
-15.00
3.29