5811 USA Drive South | Mobile, AL 36688
Telephone: (251) 460-6735
2014 | Quarter 4
®
23280 County Road 65 | Robertsdale, AL 36567
Telephone: (251) 947-3777

Baldwin Quarterly Residential Housing Update 1
Baldwin County Sales Data ............................................. 2
Baldwin County Sales Data by Region ............................ 4
North Baldwin Region Sales Data by Zone ...................... 5
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 4

Baldwin Quarterly Residential Housing Update 2
Baldwin County Sales Data
Total unit sales for the fourth quarter of 2014 in Baldwin County were 1,126. Compared to the fourth quarter of 2013, total unit sales increased by 7.24% in the fourth quarter of 2014. Of the 1,126 sales, 71.49% were single family homes and 28.51% were condo/multifamily homes. Most residential properties sold in the $100,000-
$199,999 price range, with most of them being single family properties.
Price Range
$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 by Price Range
2014 - Q4
Single Family Condo/Multifamily
96
352
189
125
37
6
805
71.49%
26
101
77
85
30
28.51%
2
321
Total
122
453
266
210
67
8
1126
100%
1150
1100
1050
1000
950
900
850
800
818
897
1050
1126
+ 7.24%
3.89%
2011 - Q4 2012 - Q4 2013 - Q4 2014 - Q4
Average days on the market (DOM) for the fourth quarter of
2014 were 164 days. Average DOM increased by 8.61% compared to the fourth quarter of 2013.
563
255
2011 - Q4
200
150
100
50
0
Single Family
619
278
2012 - Q4
184
Condo/Multifamily
652
170
398
2013 - Q4
151
805
321
2014 - Q4
+8.61%
164
2011 - Q4 2012 - Q4 2013 - Q4 2014 - Q4
2014 – Quarter 4

Baldwin Quarterly Residential Housing Update 3
Baldwin County Sales Data (continued)
Average sales price in Baldwin County decreased to $241,613 in the fourth quarter of 2014, a 13.08% change from the fourth quarter of 2013. Median sales price decreased to $191,500 in the fourth quarter of 2014, down by
8.04% compared to the fourth quarter of 2013.
Single Family, Condo/Multifamily
$300,000
- 13.08%
$250,000
$200,000
- 8.04%
$150,000
$100,000
2011 - Q4
Average Sale Price $203,702
Median Sale Price $155,000
2012 - Q4
$233,441
$184,025
2013 - Q4
$277,982
$208,250
2014 - Q4
$241,613
$191,500
$90,793,490
33.37%
2014 - Q4
Single Family Condo/Multifamily
$181,263,221
66.63%
Total Quarterly Sold Dollar Volume by
Property Type
$200,000,000
+ 29.85%
$175,000,000
$150,000,000
$125,000,000
$100,000,000
$75,000,000
$50,000,000
- 40.38%
2011 - Q4 2012 - Q4 2013 - Q4 2014 - Q4
Single Family Condo/Multifamily
Single Family, Condo/Multifamily
$350,000,000
$300,000,000
$250,000,000
$200,000,000
$150,000,000
$100,000,000
$166,628,047
$209,396,516
2011 - Q4 2012 - Q4
$291,880,901
$272,056,711
2013 - Q4
- 6.79%
2014 - Q4
2014 – Quarter 4

Baldwin County Sales Data by Region
Total Unit Sales
Region
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
2013 - Q4
22
323
80
191
434
2014 - Q4 Change
38 72.73%
390 20.74%
92 15.00%
233 21.99%
373 -14.06%
Region
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
Region
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
Average Sales Price
2013 - Q4
$149,373
$243,832
$127,051
$153,286
$392,616
2014 - Q4 Change
$117,101 -21.60%
$250,499 2.73%
$132,002
$172,852
3.90%
12.76%
$314,996 -19.77%
Median Sales Price
2013 - Q4
$126,000
$196,625
$114,000
$141,000
$345,000
2014 - Q4 Change
$95,200 -24.44%
$214,500 9.09%
$130,000
$153,000
14.04%
8.51%
$267,500 -22.46%
Region
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
Average Days on the Market
2013 - Q4
155
161
138
165
139
2014 - Q4 Change
138 -10.97%
158 -1.86%
152 10.14%
168 1.82%
172 23.74%
Total Home Sales Sold Dollar Volume
Region
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
2013 - Q4 2014 - Q4 Change
$3,286,200 $4,449,819
$78,757,686 $97,694,721
$10,164,080 $12,144,214
35.41%
24.04%
19.48%
$29,277,558 $40,274,557 37.56%
$170,395,377 $117,493,400 -31.05%
Baldwin Quarterly Residential Housing Update 4
2014 - Q4
3%
33%
35%
21%
8%
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
2013 - Q4 2014 - Q4
$500,000
$400,000
$300,000
$200,000
$100,000
$0
North
Baldwin
Eastern
Shore
Central
Baldwin
South
Baldwin
Gulf Beach
2013 - Q4 2014 - Q4
$500,000
$400,000
$300,000
$200,000
$100,000
$0
North
Baldwin
Eastern
Shore
Central
Baldwin
South
Baldwin
Gulf Beach
2013 - Q4 2014 - Q4
200
100
0
North
Baldwin
Eastern
Shore
Central
Baldwin
South
Baldwin
Gulf Beach
2014 - Q4
2%
43% 36%
15%
4%
North Baldwin
Eastern Shore
Central Baldwin
South Baldwin
Gulf Beach
2014 – Quarter 4

Baldwin Quarterly Residential Housing Update 5
North Baldwin Region Sales Data by Zone
Total Unit Sales
2013 - Q4 Zone
Bay Minette
Stapleton
North Baldwin County
16
5
1
2014 - Q4 Change
33 106.25%
2 -60.00%
3 200.00%
Zone
Bay Minette
Stapleton
North Baldwin County
Average Sales Price
2013 - Q4
$134,088
$214,300
$69,300
2014 - Q4 Change
$113,088
$141,450
-15.66%
-33.99%
$145,000 109.24%
Zone
Bay Minette
Stapleton
North Baldwin County
Median Sales Price
2013 - Q4
$100,000
$216,000
$69,300
2014 - Q4
$92,900
$141,450
$110,000
Change
-7.10%
-34.51%
58.73%
Zone
Bay Minette
Stapleton
North Baldwin County
Average Days on the Market
2013 - Q4
167
116
159
2014 - Q4
147
110
62
Change
-11.98%
-5.17%
-61.01%
Total Home Sales Sold Dollar Volume
Zone
Bay Minette
Stapleton
North Baldwin County
2013 - Q4 2014 - Q4 Change
$2,145,400 $3,731,919
$1,071,500 $282,900
$69,300
73.95%
-73.60%
$435,000 527.71%
2014 - Q4
5%
8%
87%
Bay Minette
Stapleton
North Baldwin County
2013 - Q4 2014 - Q4
$300,000
$200,000
$100,000
$0
Bay Minette Stapleton North Baldwin County
2013 - Q4 2014 - Q4
$300,000
$200,000
$100,000
$0
Bay Minette Stapleton North Baldwin County
2013 - Q4 2014 - Q4
200
100
0
Bay Minette Stapleton North Baldwin County
2014 - Q4
6%
10%
84%
Bay Minette
Stapleton
North Baldwin County
2014 – Quarter 4

Baldwin Quarterly Residential Housing Update 6
Eastern Shore Region Sales Data by Zone
Total Unit Sales
Zone
Spanish Fort
Daphne
Fairhope
2013 - Q4 2014 - Q4 Change
50
158
115
52
145
193
4.00%
-8.23%
67.83%
2014 - Q4
13%
50%
37%
Spanish Fort
Daphne
Fairhope
Zone
Spanish Fort
Daphne
Fairhope
Average Sales Price
2013 - Q4 2014 - Q4 Change
$249,686
$221,610
$271,817
$273,338
$204,909
$278,598
9.47%
-7.54%
2.49%
2013 - Q4 2014 - Q4
$300,000
$200,000
$100,000
$0
Spanish Fort Daphne Fairhope
Zone
Spanish Fort
Daphne
Fairhope
Median Sales Price
2013 - Q4 2014 - Q4 Change
$232,150
$180,500
$209,000
$250,545
$170,000
$229,000
7.92%
-5.82%
9.57%
2013 - Q4 2014 - Q4
$300,000
$200,000
$100,000
$0
Spanish Fort Daphne Fairhope
Zone
Spanish Fort
Daphne
Fairhope
Average Days on the Market
2013 - Q4 2014 - Q4 Change
174 151 -13.22%
140
184
129
181
-7.86%
-1.63%
2013 - Q4 2014 - Q4
200
100
0
Spanish Fort Daphne Fairhope
Zone
Spanish Fort
Daphne
Fairhope
Total Home Sales Sold Dollar Volume
2013 - Q4
$12,484,311
$35,014,421
$31,258,954
2014 - Q4
$14,213,563
$29,711,753
$53,769,405
Change
13.85%
-15.14%
72.01%
2014 - Q4
15%
55%
30%
Spanish Fort
Daphne
Fairhope
2014 – Quarter 4

Baldwin Quarterly Residential Housing Update 7
Central Baldwin Region Sales Data by Zone
Total Unit Sales
Zone
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
2013 - Q4 2014 - Q4 Change
4 3 -25.00%
26
6
35
9
28
35
14
7.69%
12 100.00%
0.00%
55.56%
2014 - Q4
15%
3%
38%
31%
13%
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
Zone
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
Zone
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
Average Sales Price
2013 - Q4 2014 - Q4 Change
$146,100 $189,967 30.03%
$121,566 $126,058
$123,317 $122,100
3.70%
-0.99%
$109,356 $121,366 10.98%
$205,733 $166,550 -19.05%
Median Sales Price
2013 - Q4
$160,000
2014 - Q4
$220,000
$121,700 $132,250
$121,200 $121,000
Change
37.50%
8.67%
-0.17%
$97,000 $124,950 28.81%
$172,600 $175,400 1.62%
Zone
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
Average Days on the Market
2013 - Q4 2014 - Q4 Change
221 163 -26.24%
132
202
115
166
116 -12.12%
319 57.92%
123
150
6.96%
-9.64%
Zone
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
Total Home Sales Sold Dollar Volume
2013 - Q4
$584,400
2014 - Q4
$569,900
Change
-2.48%
$3,160,715 $3,529,624 11.67%
$739,900 $1,465,200 98.03%
$3,827,465 $4,247,795 10.98%
$1,851,600 $2,331,695 25.93%
2013 - Q4 2014 - Q4
$300,000
$200,000
$100,000
$0
Seminole Loxley Silverhill Robertsdale Summerdale
2013 - Q4 2014 - Q4
$300,000
$200,000
$100,000
$0
Seminole Loxley Silverhill Robertsdale Summerdale
2013 - Q4 2014 - Q4
400
200
0
Seminole Loxley Silverhill Robertsdale Summerdale
2014 - Q4
5%
19%
29%
35%
12%
Seminole
Loxley
Silverhill
Robertsdale
Summerdale
2014 – Quarter 4

Baldwin Quarterly Residential Housing Update 8
South Baldwin Region Sales Data by Zone
Total Unit Sales
Zone 2013 - Q4 2014 - Q4 Change
Bon Secour
Gulf Shores - North ICW
Magnolia Springs
Foley
Lillian
Elberta
1
46
5
102
25
12
Average Sales Price
3 200.00%
46
13
0.00%
8 60.00%
123 20.59%
40 60.00%
8.33%
Zone
Elberta
2013 - Q4 2014 - Q4 Change
Bon Secour $235,000
Gulf Shores - North ICW $185,496
Magnolia Springs
Foley
Lillian
$211,580
$146,316
$100,769
$172,500
$244,759
$220,638
$161,877
$110,079
-26.60%
31.95%
4.28%
10.64%
9.24%
$167,367
Median Sales Price
$186,077 11.18%
Zone 2013 - Q4 2014 - Q4 Change
Bon Secour $235,000
Gulf Shores - North ICW $180,680
$195,000
$223,266
-17.02%
23.57%
Magnolia Springs
Foley
Lillian
Elberta
$175,000
$141,750
$75,000
$124,500
$170,000
$149,900
$116,900
$156,000
Average Days on the Market
-2.86%
5.75%
55.87%
25.30%
Zone 2013 - Q4 2014 - Q4 Change
Bon Secour
Gulf Shores - North ICW
Magnolia Springs
Foley
Lillian
Elberta
116
137
248
164
188
193
120
172
159
151
218
186
Total Home Sales Sold Dollar Volume
3.45%
25.55%
-35.89%
-7.93%
15.96%
-3.63%
Zone 2013 - Q4 2014 - Q4 Change
Bon Secour $235,000 $517,500 120.21%
Gulf Shores - North ICW $8,532,832 $11,258,898 31.95%
Magnolia Springs
Foley
Lillian
$1,057,900
$14,924,201
$2,519,225
$1,765,100
$19,910,884
$4,403,175
66.85%
33.41%
74.78%
Elberta $2,008,400 $2,419,000 20.44%
2014 - Q4
17%
6%
1%
20%
53%
3%
Bon Secour
Gulf Shores - North ICW
Magnolia Springs
Foley
Lillian
Elberta
2013 - Q4 2014 - Q4
$300,000
$200,000
$100,000
$0
Bon Secour Gulf Shores
- North ICW
Magnolia
Springs
Foley Lillian Elberta
2013 - Q4 2014 - Q4
$300,000
$200,000
$100,000
$0
Bon Secour Gulf Shores
- North ICW
Magnolia
Springs
Foley Lillian Elberta
2013 - Q4 2014 - Q4
300
200
100
0
Bon Secour Gulf Shores
- North ICW
Magnolia
Springs
Foley Lillian Elberta
2014 - Q4
11%
6%
1%
28%
50%
4%
Bon Secour
Gulf Shores - North ICW
Magnolia Springs
Foley
Lillian
Elberta
2014 – Quarter 4

Baldwin Quarterly Residential Housing Update 9
Gulf Beach Region Sales Data by Zone
Total Unit Sales
Zone
Orange Beach
Gulf Shores - South ICW
Fort Morgan
2013 - Q4
267
140
27
2014 - Q4 Change
183 -31.46%
152 8.57%
38 40.74%
Zone
Orange Beach
Gulf Shores - South ICW
Fort Morgan
Average Sales Price
2013 - Q4
$486,913
$240,313
$249,844
2014 - Q4 Change
$370,028 -24.01%
$254,715 5.99%
$291,097 16.51%
Zone
Orange Beach
Gulf Shores - South ICW
Fort Morgan
Median Sales Price
2013 - Q4
$481,500
$217,500
$239,900
2014 - Q4 Change
$315,000 -34.58%
$225,500
$257,000
3.68%
7.13%
Average Days on the Market
Zone
Orange Beach
Gulf Shores - South ICW
Fort Morgan
2013 - Q4
118
168
207
2014 - Q4 Change
170 44.07%
167
207
-0.60%
0.00%
Total Home Sales Sold Dollar Volume
Zone 2013 - Q4 2014 - Q4 Change
Orange Beach $130,005,827 $67,715,037 -47.91%
Gulf Shores - South ICW $33,643,750 $38,716,663 15.08%
Fort Morgan $6,745,800 $11,061,700 63.98%
2014 - Q4
10%
41%
49%
Orange Beach
Gulf Shores - South ICW
Fort Morgan
2013 - Q4 2014 - Q4
$600,000
$400,000
$200,000
$0
Orange Beach Gulf Shores - South
ICW
Fort Morgan
2013 - Q4 2014 - Q4
$600,000
$400,000
$200,000
$0
Orange Beach Gulf Shores - South
ICW
Fort Morgan
2013 - Q4 2014 - Q4
300
200
100
0
Orange Beach Gulf Shores - South
ICW
Fort Morgan
2014 - Q4
9%
33%
58%
Orange Beach
Gulf Shores - South ICW
Fort Morgan
2014 – Quarter 4

Baldwin Quarterly Residential Housing Update 10
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:
Paul Leon, Research Associate
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 4