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 2 This report is available on the CREED website: Center for Real Estate and Economic Development http://cres.southalabama.edu/ 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. 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 $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 $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 373 175 538 343 434 282 1294 276 321 422 275 1217 255 306 400 256 1033 283 204 293 253 999 243 274 313 169 834 258 569 226 135 182 184 178 169 174 182 186 188 184 190 189 188 173 182 171 167 173 190 185 195 194 184 171 147 215 178 186 $192,070,370 $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 $81,513,177 $128,531,356 $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 $40,459,338 $117,500 $106,500 $82,750 $84,500 $85,000 $75,700 $84,500 $93,000 $70,500 $97,450 $93,000 $98,000 $107,500 $94,000 $97,450 $120,000 31 44 118 26 29 36 27 97 23 20 29 25 89 27 28 20 0 0 2 0 2 0 0 0 0 0 0 0 0 0 0 0 164 182 172 121 155 171 240 151 140 156 164 142 184 204 211 128 $4,031,515 $5,567,885 $12,228,437 $2,856,090 $2,828,226 $3,540,551 $3,003,570 $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 $133,650 $0 $133,650 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Baldwin County 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 2008 1 $245,484 $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 $255,173 North Region 2 2013 1 *Annual 2012 4 3 2 2012 1 *Annual 2011 4 3 2 2011 1 *Annual 2010 4 3 2 $130,049 $126,543 $103,017 $109,850 $95,544 $98,349 $111,243 $114,475 $106,811 $129,493 $117,283 $106,254 $112,863 $110,837 $105,629 $123,543 USA Center for Real Estate and Economic Development Page 2 of 5 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 $104,500 $100,000 $132,250 $83,750 $77,500 $97,000 $117,000 $105,000 $112,200 $122,500 $119,000 14 100 30 28 15 27 104 25 22 30 27 0 0 0 0 0 0 1 0 1 0 0 171 162 128 194 170 162 160 154 158 167 159 $1,623,800 $11,291,600 $4,056,900 $3,190,360 $1,210,800 $2,833,540 $12,984,948 $2,699,375 $2,857,381 $3,898,272 $3,529,920 $0 $0 $0 $0 $0 $0 $132,000 $0 $132,000 $0 $0 $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 $190,000 $181,000 $189,950 $207,000 $195,000 $225,000 $210,741 $239,000 $235,000 $215,000 425 286 1243 267 346 391 237 1100 244 318 288 245 953 221 238 301 193 808 186 248 211 163 835 162 267 234 172 22 17 70 16 20 24 9 60 14 16 20 9 55 13 14 16 12 38 13 6 15 4 59 14 11 15 19 166 167 175 176 158 189 175 176 172 166 187 176 172 182 160 166 184 182 177 178 197 174 173 163 168 181 180 $105,602,011 $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 $191,626,710 $42,833,795 $60,270,936 $52,119,701 $36,402,278 $240,199,222 $42,255,719 $80,658,073 $70,155,078 $47,130,352 $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 $8,004,350 $2,311,750 $1,383,850 $3,661,250 $647,500 $13,522,399 $2,419,200 $4,396,500 $3,385,156 $3,321,543 $125,000 $109,700 $100,000 $95,000 88 80 263 71 1 0 4 2 127 161 169 144 $11,893,765 $8,946,610 $30,955,588 $8,542,750 $91,000 $0 $337,600 $180,000 Baldwin County North Region continued …. 2010 1 *Annual 2009 4 3 2 2009 1 *Annual 2008 4 3 2 2008 1 $115,896 $112,916 $135,230 $113,941 $80,720 $104,946 $124,923 $107,975 $129,973 $129,942 $130,738 Eastern Shore Region 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 2008 1 $247,905 $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 $235,971 $226,862 $242,735 $246,818 $221,855 $283,805 $253,835 $305,952 $295,342 $264,146 Central Region 2 2013 1 *Annual 2012 4 $134,660 $111,833 $117,203 $119,490 USA Center for Real Estate and Economic Development Page 3 of 5 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 $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 $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 $125,000 221 165 687 183 182 179 140 693 155 161 188 188 597 126 145 196 130 561 149 148 37 17 98 22 30 26 20 136 26 39 46 24 98 39 21 24 14 66 13 27 167 158 165 162 166 158 175 171 156 165 190 170 165 184 158 164 151 186 179 195 $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 $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 BaldwinRegion Countycontinued …. Central 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 South Region 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 $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 USA Center for Real Estate and Economic Development Page 4 of 5 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 $122,000 $120,000 $149,900 $144,488 $149,500 $154,775 $150,000 154 110 516 88 142 150 136 15 11 45 4 17 11 13 178 193 169 203 162 154 173 $22,539,370 $16,423,266 $86,030,970 $14,167,477 $22,538,483 $24,463,960 $24,861,050 $2,305,700 $1,873,594 $11,033,524 $691,500 $3,475,355 $3,156,840 $3,709,829 $272,500 $252,000 $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 $287,500 107 77 318 68 83 99 69 355 73 100 104 77 302 70 64 89 79 299 69 82 106 42 192 40 53 63 36 374 249 1121 236 268 371 240 1017 213 249 321 222 876 228 167 254 227 896 217 241 284 154 753 239 186 200 128 216 218 189 178 186 194 199 217 222 226 207 221 182 189 189 174 180 202 206 205 200 191 177 118 196 195 217 $37,069,075 $23,314,550 $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 $118,774,555 $73,179,252 $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 South Region continued… 2 2009 1 *Annual 2008 4 3 2 2008 1 $147,012 $151,214 $173,020 $161,511 $163,609 $171,558 $191,751 Gulf Beach Region 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 2008 1 $323,999 $299,061 $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 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 Email: depley@southalabama.edu Phone: 251.460.6735 MLS: 251.947.3777 USA Center for Real Estate and Economic Development This report completed by: Michelle Pinochet, Senior Research Analyst Center for Real Estate & Economic Development Mitchell College of Business University of South Alabama Page 5 of 5