5811 USA Drive South | Mobile, AL 36688
http://creed.southalabama.edu
Telephone: (251) 460-6735
Baldwin County, AL
Quarterly Residential Housing Update
2014 | Quarter 1
Baldwin County Association of REALTORS®
23280 County Road 65 | Robertsdale, AL 36567
www.southalabamamls.com
Telephone: (251) 947-3777
Baldwin Quarterly Residential Housing Update
Table of Contents
Baldwin County Sales Data ..................................... 2
Baldwin County Sales Data by Region .................... 4
Eastern Shore Region Sales Data by Zone .............. 6
Central Baldwin Region Sales Data by Zone ........... 7
South Baldwin Region Sales Data by Zone.............. 8
Gulf Beach Region Sales Data by Zone ................... 9
Credentials and Contact Information ................... 10
2014 – Quarter 1
1
Baldwin Quarterly Residential Housing Update
Baldwin County Sales Data
Total unit sales for the first quarter of 2014 in Baldwin County were 976. Compared to the first quarter of
2013, total unit sales increased by 4.16% in the first quarter of 2014. Of the 976 sales, 63.52% were single family
homes and 36.48% were condo/multifamily homes. Most residential properties sold in the $100,000-$199,999
price range, with most of them being single family properties. In the condo/multifamily category, 108 properties
sold in the $300,000-$499,999 price range, which represent 30.34% of all condo/multifamily properties sold.
Total Unit Sales by Price Range
2014 - Q1
Price Range
Single Family Condo/Multifamily
$0-$99,999
$100,000-$199,999
$200,000-$299,999
$300,000-$499,999
$500,000-$999,999
Over $1 million
Total
% of Total Sales
Total Unit Sales
Total
92
287
134
76
26
5
30
70
55
108
79
14
122
357
189
184
105
19
620
63.52%
356
36.48%
976
100%
Total Unit Sales by Property Type
976
1000
Single Family
937
Condo/Multifamily
950
900
869
+ 4.16%
647
613
819
850
620
543
256
276
290
2011 - Q1
2012 - Q1
2013 - Q1
800
356
750
700
2011 - Q1
2012 - Q1
2013 - Q1
2014 - Q1
Average days on the market (DOM) for the first quarter of 2014
were 151 days. Compared to the first quarter of 2013, average
DOM decreased by 17.93%.
2014 - Q1
Avg. DOM
200
187
186
184
151
150
100
- 17.93%
50
0
2011 - Q1
2012 - Q1
2013 - Q1
2014 - Q1
2014 – Quarter 1
2
Baldwin Quarterly Residential Housing Update
Baldwin County Sales Data (continued)
Average sales price in Baldwin County increased to $277,082 in the first quarter of 2014, a 25.62% change from
the first quarter of 2013. Median sales price was 20.94% higher in the same period. Both average and median
sales price have been on an increasing trend since the first quarter of 2011.
Quarterly Average & Median Sales Price by Year
Single Family, Condo/Multifamily
$300,000
+ 25.62%
$250,000
$200,000
+ 20.94%
$150,000
$100,000
Average Sale Price
Median Sale Price
2011 - Q1
$201,573
$154,900
2012 - Q1
$211,558
$162,000
2013 - Q1
$220,567
$169,500
Total Quarterly Sold Dollar Volume by
Property Type
Total Sold Dollar Volume
2014 - Q1
$150,000,000
Single Family
2014 - Q1
$277,082
$205,000
+ 6.14%
Condo/Multifamily
$125,000,000
$100,000,000
$134,908,597
49.89%
$135,523,050
50.11%
+ 70.32%
$75,000,000
$50,000,000
2011 - Q1
2012 - Q1
Single Family
2013 - Q1
2014 - Q1
Condo/Multifamily
Total Sold Dollar Volume
Single Family, Condo/Multifamily
$300,000,000
$270,431,647
$250,000,000
$200,000,000
$206,671,535
$175,166,927
$173,265,607
$150,000,000
+ 30.85%
$100,000,000
2011 - Q1
2012 - Q1
2013 - Q1
2014 - Q1
2014 – Quarter 1
3
Baldwin Quarterly Residential Housing Update
Baldwin County Sales Data by Region
Total Unit Sales
Region
2013 - Q1
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
2014 - Q1
36
304
81
182
334
23
291
76
204
382
Change
2014 - Q1
North Baldwin
2%
-36.11%
-4.28%
-6.17%
12.09%
14.37%
39%
Eastern Shore
Central Baldwin
30%
South Baldwin
21%
8%
Gulf Beach
Average Sales Price
Region
2013 - Q1
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
$130,036
$225,692
$111,069
$138,225
$297,084
2014 - Q1
$126,378
$242,796
$133,410
$159,790
$403,495
Change
-2.81%
7.58%
20.11%
15.60%
35.82%
2013 - Q1
2014 - Q1
$500,000
$400,000
$300,000
$200,000
$100,000
$0
North
Baldwin
Eastern
Shore
Central
Baldwin
South
Baldwin
Gulf Beach
Median Sales Price
Region
2013 - Q1
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
$102,000
$188,500
$109,500
$121,000
$250,000
2014 - Q1
$118,000
$196,215
$126,500
$142,200
$335,000
Change
15.69%
4.09%
15.53%
17.52%
34.00%
2013 - Q1
2014 - Q1
$500,000
$400,000
$300,000
$200,000
$100,000
$0
North
Baldwin
Eastern
Shore
Central
Baldwin
South
Baldwin
Gulf Beach
Average Days on the Market
Region
2013 - Q1
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
195
167
160
158
217
2014 - Q1
128
160
151
175
134
Change
-34.36%
-4.19%
-5.63%
10.76%
-38.25%
2013 - Q1
2014 - Q1
300
200
100
0
North
Baldwin
Eastern
Shore
Central
Baldwin
South
Baldwin
Gulf Beach
Total Home Sales Sold Dollar Volume
Region
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
2013 - Q1
2014 - Q1
$4,681,300
$68,610,490
$8,996,610
$25,156,933
$99,226,202
$2,906,701
$70,653,564
$10,139,195
$32,597,187
$154,135,000
Change
-37.91%
2.98%
12.70%
29.58%
55.34%
2014 - Q1
North Baldwin
1%
Eastern Shore
Central Baldwin
26%
57%
4%
12%
South Baldwin
Gulf Beach
2014 – Quarter 1
4
Baldwin Quarterly Residential Housing Update
North Baldwin Region Sales Data by Zone
Total Unit Sales
Zone
2013 - Q1
Bay Minette
Stapleton
North Baldwin County
2014 - Q1
29
1
6
22
0
1
Change
2014 - Q1
Bay Minette
4%
0%
-24.14%
-100.00%
-83.33%
Stapleton
96%
North Baldwin County
Average Sales Price
Zone
2013 - Q1
Bay Minette
Stapleton
North Baldwin County
$123,824
$220,000
$145,067
2014 - Q1
$125,991
$0
$134,900
2013 - Q1
Change
$300,000
1.75%
-100.00%
-7.01%
$200,000
2014 - Q1
$100,000
$0
Bay Minette
Stapleton
North Baldwin
County
Median Sales Price
Zone
2013 - Q1
Bay Minette
Stapleton
North Baldwin County
$99,000
$220,000
$93,500
2014 - Q1
$115,550
$0
$134,900
Change
16.72%
-100.00%
44.28%
2013 - Q1
2014 - Q1
$300,000
$200,000
$100,000
$0
Bay Minette
Stapleton
North Baldwin
County
Average Days on the Market
Zone
2013 - Q1
Bay Minette
Stapleton
North Baldwin County
194
350
174
2014 - Q1
126
0
158
2013 - Q1
Change
400
-35.05%
-100.00%
-9.20%
200
2014 - Q1
0
Bay Minette
Stapleton
North Baldwin
County
Total Home Sales Sold Dollar Volume
Zone
Bay Minette
Stapleton
North Baldwin County
2013 - Q1
$3,590,900
$220,000
$870,400
2014 - Q1
$2,771,801
$0
$134,900
Change
-22.81%
-100.00%
-84.50%
2014 - Q1
Bay Minette
0%
5%
Stapleton
95%
North Baldwin
County
2014 – Quarter 1
5
Baldwin Quarterly Residential Housing Update
Eastern Shore Region Sales Data by Zone
Total Unit Sales
Zone
2013 - Q1
Spanish Fort
Daphne
Fairhope
2014 - Q1
49
120
135
37
127
127
Change
2014 - Q1
Spanish Fort
13%
-24.49%
5.83%
-5.93%
Daphne
44%
43%
Fairhope
Average Sales Price
Zone
2013 - Q1
Spanish Fort
Daphne
Fairhope
$269,414
$174,457
$255,366
2014 - Q1
$272,102
$215,589
$261,464
Change
1.00%
23.58%
2.39%
2013 - Q1
2014 - Q1
$300,000
$200,000
$100,000
$0
Spanish Fort
Daphne
Fairhope
Median Sales Price
Zone
2013 - Q1
Spanish Fort
Daphne
Fairhope
$253,500
$146,325
$211,300
2014 - Q1
$277,275
$177,000
$205,000
Change
9.38%
20.96%
-2.98%
2013 - Q1
2014 - Q1
$300,000
$200,000
$100,000
$0
Spanish Fort
Daphne
Fairhope
Average Days on the Market
Zone
2013 - Q1
Spanish Fort
Daphne
Fairhope
190
139
183
2014 - Q1
170
138
179
Change
-10.53%
-0.72%
-2.19%
2013 - Q1
2014 - Q1
200
100
0
Spanish Fort
Daphne
Fairhope
Total Home Sales Sold Dollar Volume
Zone
Spanish Fort
Daphne
Fairhope
2013 - Q1
2014 - Q1
$13,201,286
$20,934,858
$34,474,346
$10,067,778
$27,379,817
$33,205,969
Change
-23.74%
30.79%
-3.68%
2014 - Q1
Spanish Fort
14%
Daphne
47%
39%
Fairhope
2014 – Quarter 1
6
Baldwin Quarterly Residential Housing Update
Central Baldwin Region Sales Data by Zone
Total Unit Sales
Zone
2013 - Q1
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
2014 - Q1
2
21
9
33
16
2
30
8
24
12
Change
2014 - Q1
Seminole
3%
16%
0.00%
42.86%
-11.11%
-27.27%
-25.00%
Loxley
Silverhill
39%
32%
Robertsdale
Summerdale
10%
Average Sales Price
Zone
2013 - Q1
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
$39,000
$124,226
$122,954
$100,120
$118,708
2014 - Q1
$240,000
$137,340
$121,244
$133,134
$114,486
Change
515.38%
10.56%
-1.39%
32.97%
-3.56%
2013 - Q1
2014 - Q1
$300,000
$200,000
$100,000
$0
Seminole
Loxley
Silverhill RobertsdaleSummerdale
Median Sales Price
2013 - Q1
Zone
2013 - Q1
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
$39,000
$125,000
$125,000
$87,000
$87,450
2014 - Q1
$240,000
$135,000
$120,500
$126,000
$89,000
Change
515.38%
8.00%
-3.60%
44.83%
1.77%
2014 - Q1
$300,000
$200,000
$100,000
$0
Seminole
Loxley
Silverhill Robertsdale Summerdale
Average Days on the Market
Zone
2013 - Q1
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
225
177
147
155
147
2014 - Q1
384
145
109
185
86
Change
70.67%
-18.08%
-25.85%
19.35%
-41.50%
2013 - Q1
2014 - Q1
600
400
200
0
Seminole
Loxley
Silverhill RobertsdaleSummerdale
Total Home Sales Sold Dollar Volume
Zone
2013 - Q1
2014 - Q1
Change
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
$78,000
$2,608,750
$1,106,585
$3,303,950
$1,899,325
$480,000
$4,120,200
$969,950
$3,195,210
$1,373,835
515.38%
57.94%
-12.35%
-3.29%
-27.67%
2014 - Q1
Seminole
13% 5%
Loxley
Silverhill
31%
10%
41%
Robertsdale
Summerdale
2014 – Quarter 1
7
Baldwin Quarterly Residential Housing Update
South Baldwin Region Sales Data by Zone
Total Unit Sales
Zone
2013 - Q1
2014 - Q1
Bon Secour
0
Gulf Shores - North ICW
42
Magnolia Springs
3
Foley
91
Lillian
37
Elberta
9
Average Sales Price
Zone
2013 - Q1
1
44
2
119
29
9
2014 - Q1
Change
Zone
Change
Bon Secour
$0
$46,900
Gulf Shores - North ICW
$167,250
$187,000
Magnolia Springs
$135,900
$170,500
Foley
$115,500
$144,000
Lillian
$74,900
$100,000
Elberta
$135,000
$136,000
Average Days on the Market
100.00%
11.81%
25.46%
24.68%
33.51%
0.74%
Zone
Change
2013 - Q1
2014 - Q1
Bon Secour
0
81
Gulf Shores - North ICW
186
169
Magnolia Springs
191
81
Foley
151
176
Lillian
137
196
Elberta
184
153
Total Home Sales Sold Dollar Volume
100.00%
-9.14%
-57.59%
16.56%
43.07%
-16.85%
Zone
Change
2013 - Q1
2014 - Q1
Bon Secour
$0
$46,900
Gulf Shores - North ICW $7,152,507 $8,677,296
Magnolia Springs
$383,900
$341,000
Foley
$12,394,926 $19,087,591
Lillian
$3,699,050 $2,818,200
Elberta
$1,526,550 $1,626,200
100.00%
21.32%
-11.17%
54.00%
-23.81%
6.53%
1%
Gulf Shores - North ICW
14%
Magnolia Springs
22%
1%
58%
Foley
Lillian
Elberta
Change
100.00%
15.80%
33.24%
17.76%
-2.80%
6.53%
2014 - Q1
Bon Secour
4%
100.00%
4.76%
-33.33%
30.77%
-21.62%
0.00%
Bon Secour
$0
$46,900
Gulf Shores - North ICW
$170,298
$197,211
Magnolia Springs
$127,967
$170,500
Foley
$136,208
$160,400
Lillian
$99,974
$97,179
Elberta
$169,617
$180,689
Median Sales Price
2013 - Q1
2014 - Q1
2013 - Q1
2014 - Q1
2013 - Q1
2014 - Q1
2013 - Q1
2014 - Q1
$300,000
$200,000
$100,000
$0
$200,000
$100,000
$0
300
200
100
0
Bon Secour
2014 - Q1
9%
5%
0%
Gulf Shores - North ICW
Magnolia Springs
27%
58%
1%
Foley
Lillian
Elberta
2014 – Quarter 1
8
Baldwin Quarterly Residential Housing Update
Gulf Beach Region Sales Data by Zone
Total Unit Sales
Zone
2013 - Q1
Orange Beach
Gulf Shores - South ICW
Fort Morgan
2014 - Q1
169
141
24
250
107
25
Change
2014 - Q1
Orange Beach
7%
47.93%
-24.11%
4.17%
Gulf Shores - South ICW
28%
65%
Fort Morgan
Average Sales Price
Zone
2013 - Q1
Orange Beach
Gulf Shores - South ICW
Fort Morgan
2014 - Q1
$377,205
$214,970
$215,329
$477,054
$248,660
$330,596
Change
26.47%
15.67%
53.53%
2013 - Q1
2014 - Q1
$600,000
$400,000
$200,000
$0
Orange Beach
Gulf Shores - South
ICW
Fort Morgan
Median Sales Price
Zone
2013 - Q1
Orange Beach
Gulf Shores - South ICW
Fort Morgan
$314,000
$175,000
$165,000
2014 - Q1
$415,000
$230,000
$317,000
Change
32.17%
31.43%
92.12%
2013 - Q1
2014 - Q1
$600,000
$400,000
$200,000
$0
Orange Beach
Gulf Shores - South
ICW
Fort Morgan
Average Days on the Market
Zone
2013 - Q1
Orange Beach
Gulf Shores - South ICW
Fort Morgan
216
208
279
2014 - Q1
89
216
234
Change
-58.80%
3.85%
-16.13%
2013 - Q1
2014 - Q1
300
200
100
0
Orange Beach
Gulf Shores - South
ICW
Fort Morgan
Total Home Sales Sold Dollar Volume
Zone
2013 - Q1
2014 - Q1
Orange Beach
$63,747,600 $119,263,525
Gulf Shores - South ICW $30,310,702 $26,606,575
Fort Morgan
$5,167,900 $8,264,900
Change
87.09%
-12.22%
59.93%
2014 - Q1
Orange Beach
5%
17%
Gulf Shores - South ICW
78%
Fort Morgan
2014 – Quarter 1
9
Baldwin Quarterly Residential Housing Update
Credentials and Contact Information
Data Source:
All data is provided by the Baldwin Association of REALTORS® Multiple Listing Service.
For further information about the data, contact Martha Taylor at marthataylor@baldwinrealtors.org or
(251) 947-3777.
All inquiries regarding this report should be directed to:
Don Epley, Director
Center for Real Estate & Economic Development
Email: depley@southalabama.edu
Phone: (251) 460-6735
This report was prepared by:
Michelle Pinochet, Senior Research Analyst
Center for Real Estate & Economic Development
Mitchell College of Business
University of South Alabama
Disclaimer:
USA takes reasonable measures to ensure the quality of the data and other information produced. However,
warranty, expressed or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or
USA makes no 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.
2014 – Quarter 1
10