Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Website: http://www.southalabamamls.com Telephone: 251-928-1708 Fax: 251-928-1046 E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Baldwin County Baldwin MSA Residential Housing Market 2003 - Current Quarterly and Annual Housing Unit Building Permits Private Permits Only (Census) Summer, 2010 Sum of the seven Baldwin County jurisdictions: Baldwin County Unincorporated Area, Daphne, Fairhope, Foley, Gulf Shores, Orange Beach and Robertsdale. This report is available on the Center for Real Estate Studies website: http://cres.southalabama.edu/ Center for Real Estate Studies Mitchell College of Business University of South Alabama USA 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. Private Permits Only Page - 1 of 10 Summer 2010 Baldwin County Building Permits - Private Permits Only Total Year / Qtr Total # 1 Family Cost 1 Family 2 Family # Cost Two Family 3-4 Family # Cost 3-4 Family 5+ Family # Cost 5+ Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 2008 2 2008 1 Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 175 206 727 196 222 176 169 1117 187 327 254 443 752 102 135 222 293 3,296 532 827 1,303 634 6,583 4,697 3,856 2,168 175 204 722 123 220 176 168 1101 187 323 250 440 597 92 129 207 169 950 191 231 249 279 4,017 3,380 2,870 1,971 $37,908,116 $36,645,217 $153,289,359 $36,084,079 $34,915,671 $23,208,132 $21,750,214 $181,430,480 $33,883,495 $50,145,569 $67,818,298 $69,498,155 $145,912,576 $21,606,972 $31,711,039 $50,983,511 $41,611,054 $209,626,504 $45,265,436 $45,615,879 $58,748,861 $59,996,328 $538,526,032 $418,501,008 $314,170,088 $265,386,625 0 0 3 0 0 0 1 9 0 3 0 0 14 2 0 4 8 12 4 0 2 6 32 44 16 16 $0 $0 $222,492 $0 $0 $0 $136,700 $1,372,900 $0 $373,000 $0 $0 $1,589,550 $200,000 $0 $508,548 $881,002 $1,129,514 $306,650 $0 $285,714 $537,150 $3,819,266 $3,659,170 $1,133,018 $1,181,904 0 1 0 0 0 0 0 3 1 0 2 0 18 0 0 3 15 23 8 0 15 0 4 55 28 8 $0 $235,000 $0 $0 $0 $0 $0 $453,200 $185,000 $0 $268,200 $0 $2,704,518 $0 $0 $571,518 $2,133,000 $3,448,361 $734,075 $0 $2,714,286 $0 $355,500 $5,492,450 $2,698,350 $613,450 0 1 2 0 2 0 0 3 0 1 2 3 123 8 6 8 101 2,311 329 596 1,037 349 2,530 1,218 942 173 $0 $350,000 $1,521,757 $0 $15,217,757 $0 $0 $7,371,009 $0 $463,253 $1,019,712 $1,875,469 $9,450,991 $741,205 $423,786 $600,000 $7,686,000 $606,247,638 $74,873,388 $260,897,814 $183,728,980 $86,747,456 $432,121,457 $224,430,527 $112,176,973 $10,196,000 Private Permits Only Page - 2 of 10 Summer 2010 Baldwin County Building Permits - Private Permits Only County Unincorporated Year / Qtr Total # 1 Family Cost 1 Family 2 Family # Cost Two Family 3-4 Family # Cost 3-4 Family 5+ Family # Cost 5+ Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 2008 2 2008 1 Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 67 86 294 73 91 74 85 477 93 161 67 164 0 0 0 0 0 0 0 0 0 0 1,786 1,322 1,414 894 67 86 291 0 91 74 84 471 93 161 67 164 0 0 0 0 0 0 0 0 0 0 1,786 1,322 1,408 888 $16,082,939 $11,860,407 $71,301,741 $9,649,452 $12,028,770 $11,765,902 $10,165,194 $62,390,984 $13,224,005 $23,295,885 $27,781,428 $26,071,915 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $183,121,339 $129,248,115 $110,067,599 $120,114,683 0 0 3 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 6 $0 $0 $222,492 $0 $0 $0 $136,700 $914,900 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $385,450 $529,990 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Private Permits Only Page - 3 of 10 Summer 2010 Baldwin County Building Permits - Private Permits Only Daphne Year / Qtr Total # 1 Family Cost 1 Family 2 Family # Cost Two Family 3-4 Family # Cost 3-4 Family 5+ Family # Cost 5+ Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 2008 2 2008 1 Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 26 22 146 33 50 40 23 190 14 38 33 105 155 22 40 48 45 225 42 55 58 70 349 247 268 191 26 22 144 33 48 40 23 188 14 38 31 105 155 22 40 48 45 225 42 55 58 70 349 247 268 191 $3,725,220 $3,194,200 $21,601,930 $5,790,540 $7,011,870 $4,585,440 $4,214,080 $20,766,370 $5,364,630 $1,772,910 $5,126,850 $8,501,980 $26,992,645 $3,554,820 $7,594,710 $7,701,020 $8,142,095 $38,324,280 $6,953,550 $8,525,630 $10,458,820 $12,386,280 $56,442,019 $38,495,576 $42,551,900 $27,580,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 2 0 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $268,200 $0 $0 $268,200 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 2 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $1,521,757 $0 $15,217,757 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Private Permits Only Page - 4 of 10 Summer 2010 Baldwin County Building Permits - Private Permits Only Fairhope Year / Qtr Total # 1 Family Cost 1 Family 2 Family # Cost Two Family 3-4 Family # Cost 3-4 Family 5+ Family # Cost 5+ Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 2008 2 2008 1 Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 46 46 113 38 37 20 18 183 24 45 51 73 374 47 48 115 164 457 61 95 163 138 552 424 308 324 46 45 113 38 37 20 18 179 24 42 49 73 266 47 48 107 64 375 61 73 107 134 520 424 304 324 $11,350,311 $8,746,900 $30,490,961 $11,289,714 $7,942,191 $476,305 $694,751 $53,975,159 $7,680,475 $13,458,192 $14,351,228 $21,931,784 $79,986,405 $13,517,706 $14,703,746 $32,652,638 $19,112,315 $102,235,311 $18,403,792 $21,333,958 $28,641,700 $33,855,861 $97,590,881 $74,203,532 $52,395,901 $51,150,520 0 0 0 0 0 0 0 3 0 3 0 0 4 0 0 0 4 4 0 0 0 4 8 0 4 0 $0 $0 $0 $0 $0 $0 $0 $373,000 $0 $373,000 $0 $0 $459,002 $0 $0 $0 $459,002 $455,150 $0 $0 $0 $455,150 $408,736 $0 $127,200 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 1 0 0 0 0 0 1 0 0 2 0 104 0 0 8 96 78 0 22 56 0 24 0 0 0 $0 $350,000 $0 $0 $0 $0 $0 $425,000 $0 $0 $1,019,712 $0 $7,575,000 $0 $0 $600,000 $6,975,000 $35,739,191 $0 $6,127,037 $29,612,154 $0 $1,500,000 $0 $0 $0 Private Permits Only Page - 5 of 10 Summer 2010 Baldwin County Building Permits - Private Permits Only Foley Year / Qtr Total # 1 Family Cost 1 Family 2 Family # Cost Two Family 3-4 Family # Cost 3-4 Family 5+ Family # Cost 5+ Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 2008 2 2008 1 Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 21 18 77 17 21 20 24 108 27 44 54 60 0 0 0 0 0 0 0 0 0 0 755 455 398 201 21 18 77 17 21 20 24 107 27 44 54 57 0 0 0 0 0 0 0 0 0 0 611 455 318 201 $2,520,738 $2,182,878 $9,242,707 $2,061,607 $2,546,691 $2,425,420 $2,641,597 $12,976,000 $2,971,797 $4,842,928 $5,943,595 $7,236,033 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $78,435,627 $53,279,608 $34,513,472 $21,480,440 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 1 0 0 0 3 0 0 0 0 0 0 0 0 0 0 144 0 80 0 $0 $0 $0 $0 $0 $0 $0 $420,000 $0 $0 $0 $1,875,469 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $6,200,000 $0 $3,341,973 $0 Private Permits Only Page - 6 of 10 Summer 2010 Baldwin County Building Permits - Private Permits Only Gulf Shores Year / Qtr Total # 1 Family Cost 1 Family 2 Family # Cost Two Family 3-4 Family # Cost 3-4 Family 5+ Family # Cost 5+ Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 2008 2 2008 1 Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 10 16 48 16 17 8 9 81 13 22 31 27 182 20 36 44 82 1,212 226 9 809 168 2,339 1,356 691 286 10 16 48 16 17 8 9 81 13 22 31 27 143 18 30 37 58 129 22 9 54 44 504 556 331 196 $2,676,155 $4,176,277 $12,077,209 $3,877,379 $4,334,657 $1,842,339 $1,958,089 $21,237,323 $2,727,134 $4,420,853 $12,406,955 $4,315,786 $31,381,403 $3,181,786 $6,423,919 $7,902,699 $13,872,999 $32,743,427 $9,912,615 $2,499,673 $12,874,850 $7,456,289 $91,808,742 $83,521,558 $49,496,054 $28,475,279 0 0 0 0 0 0 0 0 0 0 0 0 10 2 0 4 4 8 4 0 2 2 24 44 6 10 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,130,548 $200,000 $0 $508,548 $422,000 $674,364 $306,650 $0 $285,714 $82,000 $3,410,530 $3,659,170 $620,368 $651,914 0 0 0 0 0 0 0 0 0 0 0 0 18 0 0 3 15 15 0 0 15 0 4 55 28 8 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,704,518 $0 $0 $571,518 $2,133,000 $2,714,286 $0 $0 $2,714,286 $0 $355,500 $5,492,450 $2,698,350 $613,450 0 0 0 0 0 0 0 0 0 0 0 0 11 0 6 0 5 1,060 200 0 738 122 1,807 701 326 72 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,134,786 $0 $423,786 $0 $711,000 $88,817,670 $40,873,388 $0 $42,196,826 $5,747,456 $204,263,957 $120,868,094 $26,725,000 $3,300,000 Private Permits Only Page - 7 of 10 Summer 2010 Baldwin County Building Permits - Private Permits Only Orange Beach Year / Qtr Total # 1 Family Cost 1 Family 2 Family # Cost Two Family 3-4 Family # Cost 3-4 Family 5+ Family # Cost 5+ Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 2008 2 2008 1 Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 3 8 14 3 4 3 4 21 5 6 6 2 41 13 11 15 2 1,402 203 668 273 258 703 802 700 214 3 8 14 3 4 3 4 20 5 5 6 2 33 5 11 15 2 221 66 94 30 31 148 285 164 113 $790,753 $5,281,555 $3,690,181 $892,937 $841,492 $606,276 $1,455,584 $3,665,767 $848,635 $1,230,699 $1,112,105 $342,252 $7,552,123 $1,352,660 $2,988,664 $2,727,154 $483,645 $36,323,486 $9,995,479 $13,256,618 $6,773,491 $6,297,898 $22,128,301 $31,262,609 $18,755,607 $11,729,147 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8 8 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $734,075 $734,075 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 1 0 1 0 0 8 8 0 0 0 1,173 129 574 243 227 555 517 536 101 $0 $0 $0 $0 $0 $0 $0 $6,526,009 $0 $463,253 $0 $0 $741,205 $741,205 $0 $0 $0 $481,690,777 $34,000,000 $254,770,777 $111,920,000 $81,000,000 $220,157,500 $103,562,433 $82,110,000 $6,896,000 Private Permits Only Page - 8 of 10 Summer 2010 Baldwin County Building Permits - Private Permits Only Robertsdale Year / Qtr Total # 1 Family Cost 1 Family 2 Family # Cost Two Family 3-4 Family # Cost 3-4 Family 5+ Family # Cost 5+ Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 2008 2 2008 1 Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 2 10 35 16 2 11 6 57 11 11 12 12 0 0 0 0 0 0 0 0 0 0 99 91 77 58 2 9 35 16 2 11 6 55 11 11 12 12 0 0 0 0 0 0 0 0 0 0 99 91 77 58 $762,000 $1,203,000 $4,884,630 $2,522,450 $210,000 $1,506,450 $620,919 $6,418,877 $1,066,819 $1,124,102 $1,096,137 $1,098,405 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $8,999,123 $8,490,010 $6,389,555 $4,856,556 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $85,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $235,000 $0 $0 $0 $0 $0 $185,000 $185,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Disclaimer: Annual totals may not total quarterly totals. Notes: All data supplied by the U.S. Bureau of the Census;. Private Permits Only Page - 9 of 10 Summer 2010 Baldwin County Building Permits - Private Permits Only For additional information, contact: Dr. Don Epley, Director, Center for Real Estate Studies Mitchell College of Business, University of South Alabama 251.460.6736 Phone: E-mail: depley@usouthal.edu Analysis by: Private Permits Only Shirley Harvey, MBA Student Mitchell College of Business Page - 10 of 10 Summer 2010