Baldwin County Association of REALTORS® 23280 County Road 65, Robertsdale, AL 36567 Website: http://www.southalabamamls.com Telephone: 251-947-3777 Fax: 251-947-3788 E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Baldwin County Residential Housing Report Quarterly and Annual Price Trends by Region 2013 Quarter 4 This report is available on the CREED website: Center for Real Estate and Economic Development http://creed.southalabama.edu/ USA takes reasonable measures to ensure the quality of the data and other information produced. However, USA makes no warrant y, express or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or completeness of any information, nor represen ts 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. Total Residential Zone / Year / Quarter Avg Sale Price Sold Dollar Volume Median Sale Price Residential Sold Condos Sold Avg Days on Market Total Sold Residential Total Sold Condo Baldwin County *Annual 2013 $250,545 $188,000 3008 1530 169 $645,083,037 $491,890,726 4 $278,054 $208,700 648 393 151 $139,017,153 $150,437,283 3 $255,663 $188,388 832 410 160 $184,953,875 $132,579,835 2 2013 1 *Annual 2012 4 3 2 2012 1 *Annual 2011 4 3 2 2011 1 *Annual 2010 4 3 2 2010 1 *Annual 2009 4 3 2 2009 1 *Annual 2008 4 3 2 $245,539 $220,727 $238,674 $233,503 $254,400 $247,721 $211,558 $210,779 $203,702 $217,540 $217,057 $201,778 $208,150 $202,908 $212,881 $206,953 $210,489 $232,327 $216,051 $239,622 $242,752 $226,770 $285,023 $333,620 $283,321 $265,310 $188,500 $169,000 $174,000 $184,025 $170,000 $177,745 $162,000 $156,000 $155,000 $157,655 $160,300 $154,950 $163,675 $164,950 $165,000 $161,500 $162,875 $179,900 $168,900 $176,400 $186,700 $180,000 $205,000 $225,000 $208,750 $195,000 872 644 2631 617 698 722 544 2564 563 688 699 614 2211 507 550 669 485 2021 502 570 558 391 1823 373 175 538 435 282 1294 276 321 422 275 1217 255 306 400 256 1033 283 204 293 253 999 243 274 313 169 834 258 569 226 182 184 178 169 174 182 186 188 184 190 189 188 173 182 171 167 173 190 185 195 194 184 171 147 215 178 $192,053,170 $126,609,883 $534,579,270 $123,575,524 $157,177,612 $156,031,224 $97,794,910 $487,854,618 $103,904,892 $136,266,323 $138,387,261 $109,296,142 $426,002,271 $95,122,418 $108,023,995 $126,575,993 $96,279,865 $411,241,193 $97,351,900 $119,254,398 $121,246,771 $73,388,124 $441,538,993 $79,396,806 $147,253,428 $133,375,582 $128,866,356 $77,783,752 $402,216,524 $84,942,292 $102,055,700 $139,747,835 $75,470,697 $309,100,360 $62,723,155 $79,968,352 $100,158,068 $66,250,785 $249,236,303 $65,174,600 $52,488,026 $72,512,900 $59,060,777 $290,386,216 $63,606,329 $82,986,242 $90,190,434 $53,603,211 $315,767,368 $131,117,246 $74,869,858 $69,320,926 2008 1 $255,173 $195,000 343 135 186 $81,513,177 $40,459,338 $104,500 $110,000 $102,013 $117,500 $106,500 $82,750 $84,500 $85,000 $75,700 $84,500 128 21 40 31 44 118 26 29 36 27 0 0 0 0 0 2 0 2 0 0 177 158 179 164 182 172 121 155 171 240 $16,024,249 $3,126,200 $4,185,234 $4,031,515 $5,567,885 $12,228,437 $2,856,090 $2,828,226 $3,540,551 $3,003,570 $0 $0 $0 $0 $0 $133,650 $0 $133,650 $0 $0 North Region *Annual 2013 4 3 2 2013 1 *Annual 2012 4 3 2 2012 1 $125,189 $148,867 $104,631 $130,049 $126,543 $103,017 $109,850 $95,544 $98,349 $111,243 Total Residential Zone / Year / Quarter Avg Sale Price Median Sale Price Sold Dollar Volume Residential Sold Condos Sold Avg Days on Market Total Sold Residential Total Sold Condo North Region continued …. Baldwin County *Annual 2011 4 3 2 2011 1 *Annual 2010 4 3 2 $114,475 $106,811 $129,493 $117,283 $106,254 $112,863 $110,837 $105,629 $123,543 $93,000 $70,500 $97,450 $93,000 $98,000 $107,500 $94,000 $97,450 $120,000 97 23 20 29 25 89 27 28 20 0 0 0 0 0 0 0 0 0 151 140 156 164 142 184 204 211 128 $11,104,095 $2,456,651 $2,589,867 $3,401,221 $2,656,356 $10,044,850 $2,992,600 $2,957,600 $2,470,850 $0 $0 $0 $0 $0 $0 $0 $0 $0 2010 1 $115,896 $104,500 14 0 171 $1,623,800 $0 *Annual 2009 4 3 2 2009 1 *Annual 2008 4 3 $112,916 $135,230 $113,941 $80,720 $104,946 $124,923 $107,975 $129,973 $100,000 $132,250 $83,750 $77,500 $97,000 $117,000 $105,000 $112,200 100 30 28 15 27 104 25 22 0 0 0 0 0 1 0 1 162 128 194 170 162 160 154 158 $11,291,600 $4,056,900 $3,190,360 $1,210,800 $2,833,540 $12,984,948 $2,699,375 $2,857,381 $0 $0 $0 $0 $0 $132,000 $0 $132,000 2 $129,942 $122,500 30 0 167 $3,898,272 $0 2008 1 $130,738 $119,000 27 0 159 $3,529,920 $0 $201,275 $195,813 $209,500 $210,000 $188,000 $187,000 $197,500 $193,250 $186,670 $170,000 $172,750 $162,000 $168,184 $184,250 $178,750 $191,745 $201,500 $195,950 $187,000 $182,500 1412 304 391 424 286 1243 267 346 391 237 1100 244 318 288 245 953 221 238 301 193 80 18 23 22 17 70 16 20 24 9 60 14 16 20 9 55 13 14 16 12 163 162 156 166 167 175 176 158 189 175 176 172 166 187 176 172 182 160 166 184 $350,548,082 $74,840,296 $103,156,679 $105,449,811 $65,599,590 $294,256,950 $63,727,195 $91,978,160 $86,047,925 $52,007,000 $232,553,545 $46,427,591 $65,387,694 $65,850,216 $53,328,543 $217,772,585 $51,654,720 $54,594,461 $67,109,263 $44,414,141 $14,187,491 $3,247,390 $2,942,700 $5,211,501 $2,785,900 $8,882,400 $2,431,400 $2,307,500 $2,586,600 $1,007,000 $10,731,380 $2,095,400 $3,394,380 $3,570,800 $1,590,800 $7,965,449 $1,064,474 $2,297,225 $2,903,750 $1,700,000 Eastern Shore Region *Annual 2013 4 3 2 2013 1 *Annual 2012 4 3 2 2012 1 *Annual 2011 4 3 2 2011 1 *Annual 2010 4 3 2 2010 1 $244,461 $242,508 $256,279 $248,120 $225,695 $230,875 $233,776 $257,611 $213,577 $216,780 $209,728 $188,074 $205,934 $225,393 $216,218 $223,946 $225,296 $225,761 $220,861 $224,947 Total Residential Zone / Year / Quarter Avg Sale Price Median Sale Price Residential Sold Sold Dollar Volume Condos Sold Avg Days on Market Total Sold Residential Total Sold Condo Baldwin Shore County Eastern Region continued... *Annual 2009 4 3 2 2009 1 *Annual 2008 4 $235,971 $226,862 $242,735 $246,818 $221,855 $283,805 $253,835 $190,000 $181,000 $189,950 $207,000 $195,000 $225,000 $210,741 808 186 248 211 163 835 162 38 13 6 15 4 59 14 182 177 178 197 174 173 163 $191,626,710 $42,833,795 $60,270,936 $52,119,701 $36,402,278 $240,199,222 $42,255,719 $8,004,350 $2,311,750 $1,383,850 $3,661,250 $647,500 $13,522,399 $2,419,200 3 $305,952 $239,000 267 11 168 $80,658,073 $4,396,500 2 2008 1 $295,342 $264,146 $235,000 $215,000 234 172 15 19 181 180 $70,155,078 $47,130,352 $3,385,156 $3,321,543 Central Region *Annual 2013 4 3 2 2013 1 *Annual 2012 $121,016 $126,644 $111,920 $134,660 $111,833 $117,203 $115,000 $114,000 $116,000 $125,000 $109,700 $100,000 333 77 85 88 80 263 1 0 0 1 0 4 142 138 141 127 161 169 $40,328,220 $9,751,615 $9,513,230 $11,893,765 $8,946,610 $30,955,588 $91,000 $0 $0 $91,000 $0 $337,600 4 $119,490 $95,000 71 2 144 $8,542,750 $180,000 3 2 2012 1 *Annual 2011 4 3 2 2011 1 *Annual 2010 4 3 2 2010 1 *Annual 2009 4 3 2 2009 1 *Annual 2008 4 3 2 2008 1 $122,229 $118,237 $106,854 $102,861 $110,580 $103,454 $98,327 $100,271 $114,257 $109,908 $104,843 $125,717 $117,125 $129,242 $124,581 $138,308 $130,825 $121,576 $145,043 $127,708 $149,478 $145,955 $157,192 $114,000 $101,250 $89,900 $89,950 $99,500 $85,000 $87,700 $90,000 $100,000 $91,500 $87,500 $116,500 $105,000 $115,000 $111,750 $119,586 $112,000 $120,000 $139,450 $120,750 $140,000 $139,000 $148,425 57 67 66 310 62 83 84 77 261 60 69 63 69 252 68 64 71 49 255 59 85 61 50 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 248 128 172 161 168 191 124 165 157 133 173 160 158 184 161 207 186 182 148 141 171 130 142 $6,967,077 $7,917,414 $7,124,347 $31,886,842 $6,855,982 $8,586,650 $8,259,460 $7,720,850 $29,850,226 $6,594,467 $7,253,980 $7,920,170 $8,081,609 $32,568,972 $8,471,486 $8,851,736 $9,288,550 $5,957,200 $36,681,295 $7,212,835 $12,705,590 $8,903,282 $7,859,588 $0 $122,700 $34,900 $0 $0 $0 $0 $0 $85,000 $0 $85,000 $0 $0 $0 $0 $0 $0 $0 $449,650 $449,650 $0 $0 $0 Total Residential Zone / Year / Quarter Avg Sale Price Sold Dollar Volume Median Sale Price Residential Sold Condos Sold Avg Days on Market Total Sold Residential Total Sold Condo Baldwin County South Region *Annual 2013 4 3 2 2013 1 *Annual 2012 4 3 2 2012 1 *Annual 2011 4 3 2 2011 1 *Annual 2010 4 3 2 2010 1 *Annual 2009 4 3 2 2009 1 *Annual 2008 $148,506 $153,729 $152,338 $147,009 $138,225 $140,497 $151,495 $132,881 $149,809 $122,647 $136,622 $136,918 $126,445 $150,807 $129,000 $132,295 $120,334 $138,823 $126,187 $147,806 $143,154 $141,508 $135,380 $147,012 $151,214 $173,020 $129,950 $141,750 $132,750 $126,089 $121,000 $121,900 $135,000 $119,750 $125,000 $107,350 $110,000 $109,900 $109,500 $122,000 $101,001 $110,000 $104,000 $125,000 $107,700 $112,500 $122,000 $121,000 $125,000 $122,000 $120,000 $149,900 762 169 206 221 165 687 183 182 179 140 693 155 161 188 188 597 126 145 196 130 561 149 148 154 110 516 105 21 30 37 17 98 22 30 26 20 136 26 39 46 24 98 39 21 24 14 66 13 27 15 11 45 159 165 148 167 158 165 162 166 158 175 171 156 165 190 170 165 184 158 164 151 186 179 195 178 193 169 $116,039,322 $27,034,442 $31,953,693 $33,474,004 $23,067,833 $98,191,211 $28,597,206 $24,548,989 $27,371,833 $16,944,558 $97,809,060 $21,873,963 $21,022,549 $29,240,599 $25,403,449 $81,993,318 $16,285,231 $21,006,905 $25,065,735 $19,635,447 $80,511,926 $21,783,202 $19,766,088 $22,539,370 $16,423,266 $86,030,970 $12,715,666 $2,174,116 $3,998,150 $4,454,300 $2,089,100 $12,099,165 $2,459,340 $3,621,750 $3,339,100 $2,678,975 $15,450,619 $2,908,172 $4,266,450 $6,048,125 $1,944,455 $9,951,800 $3,569,900 $2,037,750 $2,695,500 $1,648,650 $9,245,780 $1,141,050 $3,925,436 $2,305,700 $1,873,594 $11,033,524 4 $161,511 $144,488 88 4 203 $14,167,477 $691,500 3 2 2008 1 $163,609 $171,558 $191,751 $149,500 $154,775 $150,000 142 150 136 17 11 13 162 154 173 $22,538,483 $24,463,960 $24,861,050 $3,475,355 $3,156,840 $3,709,829 $287,500 $345,000 $289,000 $272,500 $252,000 373 77 110 108 77 1344 354 357 375 249 185 139 171 216 218 $122,143,164 $24,264,600 $36,145,039 $37,204,075 $23,314,550 $464,896,569 $145,015,777 $125,638,985 $119,109,555 $73,179,252 Gulf Beach Region *Annual 2013 4 3 2 2013 1 $341,899 $392,762 $346,433 $323,631 $299,061 Total Residential Zone / Year / Quarter Avg Sale Price Median Sale Price Sold Dollar Volume Residential Sold Condos Sold Avg Days on Market Total Sold Residential Total Sold Condo 318 68 83 99 69 355 73 100 104 77 302 70 64 89 79 299 69 82 106 42 192 40 53 63 36 1121 236 268 371 240 1017 213 249 321 222 876 228 167 254 227 896 217 241 284 154 753 239 186 200 128 189 178 186 194 199 217 222 226 207 221 182 189 189 174 180 202 206 205 200 191 177 118 196 195 217 $98,783,944 $19,688,783 $30,748,660 $31,153,501 $17,331,000 $113,301,776 $25,569,405 $37,592,563 $30,031,865 $19,727,943 $85,241,192 $17,134,500 $21,571,849 $24,009,975 $22,524,868 $95,086,985 $20,206,517 $27,175,278 $35,933,350 $11,771,840 $83,101,852 $13,346,400 $28,493,901 $25,954,990 $15,306,561 $380,932,209 $79,871,552 $95,138,800 $164,852,936 $69,951,922 $281,584,361 $56,955,083 $71,944,105 $88,135,893 $62,478,530 $230,689,654 $60,095,826 $47,653,051 $67,228,650 $55,712,127 $273,451,086 $60,153,529 $77,676,956 $84,538,484 $51,082,117 $296,929,430 $127,556,896 $66,866,003 $62,778,930 $39,727,601 Baldwin County Gulf Beach Region continued... *Annual 2012 4 3 2 2012 1 *Annual 2011 4 3 2 2011 1 *Annual 2010 4 3 2 2010 1 *Annual 2009 4 3 2 2009 1 *Annual 2008 4 3 2 2008 1 $333,368 $327,501 $358,654 $350,751 $282,469 $287,818 $288,547 $313,859 $278,042 $274,938 $268,193 $259,162 $299,675 $266,002 $255,676 $308,400 $280,979 $324,620 $308,902 $320,683 $402,150 $505,030 $398,995 $337,391 $335,574 $250,000 $258,750 $252,000 $261,950 $230,000 $220,000 $205,000 $231,000 $220,000 $222,970 $220,000 $220,000 $234,000 $221,000 $213,250 $260,000 $242,500 $275,000 $275,000 $263,750 $342,000 $550,000 $340,000 $290,000 $287,500 Notes: *Quarterly numbers may not add to the total number due to revisions; all data supplied by the Baldwin County Multi-List; Sales price may include closing costs; 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. For further information, please contact: Professor Donald Epley, Director Center for Real Estate & Economic Development depley@southalabama.edu Email: Phone: 251.460.6735 MLS: 251.947.3777 This report completed by: Andrea Justiniano, Research Associate Center for Real Estate & Economic Development Mitchell College of Business