Baldwin County Association of REALTORS® 23280 County Road 65, Robertsdale, AL 36567 Telephone: 251-947-3777 Fax: 251-947-3788 Website: http://www.southalabamamls.com E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter North Baldwin Region Residential Housing Report Quarterly and Annual Price Trends by Zone 2013 Quarter 3 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 Sold Dollar Volume Avg Sale Price Median Sale Price Residential Sold Condos Sold Avg Days on Market Total Sold Residential Total Sold Condo 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 4 3 2 2008 1 *Annual 2007 4 3 2 2007 1 *Annual 2006 4 3 2 $104,631 $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 $115,896 $112,916 $135,230 $113,941 $80,720 $104,946 $124,923 $107,975 $129,973 $129,942 $130,738 $145,960 $134,521 $143,805 $170,068 $118,765 $153,155 $132,204 $138,999 $181,979 $102,013 $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 $104,500 $100,000 $132,250 $83,750 $77,500 $97,000 $117,000 $105,000 $112,200 $122,500 $119,000 $131,750 $108,000 $136,750 $145,500 $90,400 $135,000 $124,200 $124,000 $165,000 40 31 44 118 26 29 36 27 97 23 20 29 25 89 27 28 20 14 100 30 28 15 27 104 25 22 30 27 114 19 34 38 23 127 38 31 46 0 0 0 2 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 179 164 182 172 121 155 171 240 151 140 156 164 142 184 204 211 128 171 162 128 194 170 162 160 154 158 167 159 118 162 121 101 107 105 118 108 94 $4,185,234 $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 $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 $16,639,445 $2,555,900 $4,889,380 $6,462,565 $2,731,600 $19,468,899 $5,023,750 $4,308,974 $8,418,000 $0 $0 $0 $133,650 $0 $133,650 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $132,000 $0 $132,000 $0 $0 $0 $0 $0 $0 $0 $135,000 $0 $0 $135,000 2006 1 $143,181 $126,500 12 0 104 $1,718,175 $0 $94,980 $113,022 $123,824 $100,442 $103,426 $100,126 $100,602 $97,685 $108,640 $103,838 $80,525 $89,000 $99,000 $80,000 $70,519 $94,163 $76,900 $81,500 $87,500 $70,250 34 23 29 96 21 22 31 22 83 20 0 0 0 0 0 0 0 0 0 0 183 202 194 188 124 176 189 260 156 146 $3,229,334 $2,599,505 $3,590,900 $9,642,437 $2,171,940 $2,202,776 $3,118,651 $2,149,070 $9,017,095 $2,076,751 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 North Baldwin Bay Minette 3 2 2013 1 *Annual 2012 4 3 2 2012 1 *Annual 2011 4 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 North Bay Minette Baldwin continued…. 3 $125,604 $90,950 16 0 171 $2,009,667 $0 2 2011 1 *Annual 2010 4 3 2 2010 1 *Annual 2009 4 3 2 2009 1 *Annual 2008 4 3 2 2008 1 *Annual 2007 4 3 2 2007 1 *Annual 2006 4 3 2 2006 1 $113,615 $92,077 $112,478 $110,779 $100,548 $128,519 $109,527 $106,784 $126,065 $104,696 $86,100 $99,897 $122,938 $96,019 $112,967 $134,026 $140,040 $129,482 $115,533 $140,823 $141,206 $110,235 $138,194 $117,476 $126,281 $173,426 $116,611 $92,350 $94,900 $107,500 $94,000 $87,000 $122,250 $100,000 $98,000 $119,500 $75,000 $83,000 $98,500 $116,000 $94,950 $110,600 $122,500 $127,000 $116,900 $97,250 $133,750 $125,000 $90,200 $124,700 $119,900 $120,000 $139,000 $92,000 28 19 71 19 21 18 11 73 20 21 13 18 90 20 19 24 27 91 12 30 29 20 116 31 27 39 19 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 1 0 163 144 191 215 247 139 152 164 133 181 183 155 162 154 157 182 154 119 170 121 105 97 106 120 102 96 107 $3,181,221 $1,749,456 $7,985,950 $2,104,800 $2,111,500 $2,313,350 $1,204,800 $7,795,265 $2,521,300 $2,198,625 $1,119,300 $1,798,140 $11,064,438 $1,920,375 $2,146,381 $3,216,612 $3,781,070 $11,782,845 $1,386,400 $4,224,680 $4,094,965 $2,204,700 $15,895,524 $3,641,750 $3,409,574 $6,628,600 $2,215,600 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $135,000 $0 $0 $135,000 $0 $0 $122,055 $93,500 $82,475 $124,000 $82,475 $60,000 $271,000 $92,900 $31,000 $86,650 $0 $175,000 $44,500 $51,000 $35,000 $0 $44,000 $94,750 0 4 6 10 1 4 3 2 5 1 2 0 2 6 4 1 0 1 8 0 0 0 2 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 56 174 114 128 99 53 244 148 36 119 0 234 103 102 78 0 132 157 $0 $587,510 $870,400 $1,285,350 $124,000 $466,950 $152,400 $542,000 $554,300 $31,000 $173,300 $0 $350,000 $398,000 $319,000 $35,000 $0 $44,000 $1,014,500 $0 $0 $0 $133,650 $0 $133,650 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 North Baldwin County 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 $0 $146,878 $145,067 $118,250 $124,000 $100,100 $50,800 $271,000 $110,860 $31,000 $86,650 $0 $175,000 $66,333 $79,750 $35,000 $0 $44,000 $126,813 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 Baldwin County continued…. 4 $137,833 $110,000 3 0 114 $413,500 $0 3 2 2009 1 *Annual 2008 4 3 2 2008 1 *Annual 2007 4 3 2 2007 1 *Annual 2006 4 $79,500 $45,750 $215,000 $179,333 $0 $134,333 $116,500 $0 $178,389 $200,500 $118,500 $207,333 $145,000 $184,855 $218,125 $79,500 $45,750 $215,000 $150,000 $0 $132,000 $116,500 $0 $166,500 $190,000 $118,500 $170,000 $145,000 $225,000 $232,500 1 2 2 5 0 2 2 0 9 3 2 3 1 11 4 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 99 90 316 169 0 175 182 0 91 84 52 73 242 123 125 $79,500 $91,500 $430,000 $944,000 $0 $271,000 $233,000 $0 $1,605,500 $601,500 $237,000 $622,000 $145,000 $2,033,400 $872,500 $0 $0 $0 $132,000 $0 $132,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 3 $198,750 $198,750 2 0 134 $397,500 $0 2 2006 1 $186,500 $101,950 $233,000 $101,950 3 2 0 0 51 212 $559,500 $203,900 $0 $0 3 2 2013 1 *Annual 2012 4 3 $159,317 $211,125 $220,000 $108,388 $140,038 $52,833 $144,950 $195,000 $220,000 $115,000 $163,950 $53,500 6 4 1 12 4 3 0 0 0 0 0 0 158 52 350 96 106 111 $955,900 $844,500 $220,000 $1,300,650 $560,150 $158,500 $0 $0 $0 $0 $0 $0 2 $134,750 $134,750 2 0 68 $269,500 $0 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 $104,167 $170,300 $174,450 $203,450 $220,000 $139,225 $133,727 $126,300 $129,120 $0 $187,500 $153,256 $160,300 $165,247 $0 $116,833 $145,833 $216,667 $0 $112,165 $68,000 $115,000 $195,000 $174,450 $203,450 $220,000 $164,500 $144,900 $144,900 $116,900 $0 $187,500 $142,000 $178,000 $137,500 $0 $97,000 $158,180 $220,000 $0 $111,750 $68,000 3 9 2 2 1 4 11 3 5 0 2 15 7 5 0 3 8 3 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 89 106 135 76 187 85 176 254 113 0 299 184 120 288 0 163 122 181 0 69 161 $312,500 $1,532,700 $348,900 $406,900 $220,000 $556,900 $1,471,000 $378,900 $645,600 $0 $375,000 $2,298,835 $1,122,100 $826,235 $0 $350,500 $1,166,660 $650,000 $0 $448,660 $68,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Stapleton 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 North Baldwin Stapleton continued…. *Annual 2007 $275,291 $245,000 11 0 129 $3,028,200 $0 4 3 2 2007 1 *Annual 2006 4 3 2 2006 1 $202,500 $213,850 $329,120 $274,950 $243,618 $217,250 $250,950 $266,225 $217,438 $202,500 $213,850 $229,900 $274,950 $217,250 $217,250 $250,950 $217,500 $217,438 2 2 5 2 10 2 2 4 2 0 0 0 0 0 0 0 0 0 190 193 81 122 111 116 152 89 109 $405,000 $427,700 $1,645,600 $549,900 $2,436,175 $434,500 $501,900 $1,064,900 $434,875 $0 $0 $0 $0 $0 $0 $0 $0 $0 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 completenes s 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 and Economic Development depley@southalabama.edu Email: Phone: 251.460.6735 MLS: 251.947.3777 Report completed by: Andrea Justiniano, Research Associate Center for Real Estate and Economic Development Mitchell College of Business