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 2012 Quarter 1 This report is available on the Center for Real Estate Studies website (CRES): http://cres.southalabama.edu/ University of South Alabama Mitchell College of Business Center for Real Estate Studies The data was assembled by Meredith McCutchen, Research Associate 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 $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 $143,181 $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 $126,500 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 12 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 0 240 151 140 156 164 142 184 204 211 128 171 162 128 194 170 162 160 154 158 167 159 118 162 121 101 107 105 118 108 94 104 $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 $1,718,175 $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 $0 $97,685 $108,640 $103,838 $125,604 $113,615 $92,077 $112,478 $110,779 $100,548 $128,519 $109,527 $106,784 $126,065 $104,696 $86,100 $99,897 $81,500 $87,500 $70,250 $90,950 $92,350 $94,900 $107,500 $94,000 $87,000 $122,250 $100,000 $98,000 $119,500 $75,000 $83,000 $98,500 22 83 20 16 28 19 71 19 21 18 11 73 20 21 13 18 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 260 156 146 171 163 144 191 215 247 139 152 164 133 181 183 155 $2,149,070 $9,017,095 $2,076,751 $2,009,667 $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 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 North Baldwin 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 2006 1 Bay Minette 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 $122,938 $116,000 90 0 162 $11,064,438 $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 $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 20 19 24 27 91 12 30 29 20 116 31 27 39 19 0 0 0 0 0 0 0 0 0 1 0 0 1 0 154 157 182 154 119 170 121 105 97 106 120 102 96 107 $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 $135,000 $0 $0 $135,000 $0 $271,000 $110,860 $31,000 $86,650 $0 $175,000 $66,333 $79,750 $35,000 $0 $44,000 $126,813 $137,833 $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 $198,750 $186,500 $101,950 $271,000 $92,900 $31,000 $86,650 $0 $175,000 $44,500 $51,000 $35,000 $0 $44,000 $94,750 $110,000 $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 $198,750 $233,000 $101,950 2 5 1 2 0 2 6 4 1 0 1 8 3 1 2 2 5 0 2 2 0 9 3 2 3 1 11 4 2 3 2 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 0 0 0 0 0 244 148 36 119 0 234 103 102 78 0 132 157 114 99 90 316 169 0 175 182 0 91 84 52 73 242 123 125 134 51 212 $542,000 $554,300 $31,000 $173,300 $0 $350,000 $398,000 $319,000 $35,000 $0 $44,000 $1,014,500 $413,500 $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 $397,500 $559,500 $203,900 $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 $0 $0 $0 $0 $0 $104,167 $115,000 3 0 89 $312,500 $0 Bay Minette continued…. 4 3 2 2008 1 *Annual 2007 4 3 2 2007 1 *Annual 2006 4 3 2 2006 1 $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 North Baldwin County 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 2006 1 Stapleton 2012 1 *Annual 2011 $170,300 $195,000 9 0 106 $1,532,700 $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 Stapleton continued…. 4 $174,450 $174,450 2 0 135 $348,900 $0 3 $203,450 $203,450 2 0 76 $406,900 $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 $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 $275,291 $202,500 $213,850 $329,120 $274,950 $243,618 $217,250 $250,950 $266,225 $217,438 $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 $245,000 $202,500 $213,850 $229,900 $274,950 $217,250 $217,250 $250,950 $217,500 $217,438 1 4 11 3 5 0 2 15 7 5 0 3 8 3 0 4 1 11 2 2 5 2 10 2 2 4 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 187 85 176 254 113 0 299 184 120 288 0 163 122 181 0 69 161 129 190 193 81 122 111 116 152 89 109 $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 $3,028,200 $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 $0 $0 $0 $0 $0 $0 $0 $0 $0 $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 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 Studies Email: depley@usouthal.edu Phone: 251.460.6735 MLS: 251.947.3777 Report completed by: Meredith McCutchen, Researcher Center for Real Estate Studies Mitchell College of Business