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 Four-Quarter Price Appreciation Change % by Zone Winter 2011 This report is available on the Center for Real Estate Studies website (CRES): http://cres.southalabama.edu/ The data was assembled by Susan Grimsley, Research Associate University of South Alabama Mitchell College of Business Center for Real Estate Studies 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. North Baldwin County by Zone 4-Qtr 4-Qtr Average Median Sale Sale Price* % Price* % Zone Year Quarter Total Avg Days Sold on Market 4-Qtr Average Sale Price* % Zone Year Quarter North Region 4-Qtr Median Sale Price* % Total Avg Days Sold on Market Bay Minette Annual 2011 1.43 -13.49 97 151 Annual 2011 -3.41 -18.60 83 156 4 -3.63 -25.00 23 140 4 -6.27 -25.27 20 146 3 22.59 0.00 20 156 3 24.92 4.54 16 171 2 -5.07 -22.50 29 164 2 -11.6 -24.46 28 163 2011 1 -8.32 -6.22 25 142 2011 1 -15.93 -5.1 19 144 Annual 2010 -0.05 7.5 89 184 Annual 2010 5.33 9.69 71 191 4 -18.04 -28.92 27 204 4 -12.13 -21.34 19 215 3 -7.3 16.36 28 211 3 -4.96 4.82 21 247 2 53.05 54.84 20 128 2 49.27 47.29 18 139 2010 1 10.43 7.73 14 171 2010 1 9.64 1.52 11 152 Annual 2009 -9.61 -14.53 100 162 Annual 2009 -13.14 -15.52 73 164 4 25.24 25.95 30 128 4 31.29 25.86 20 133 3 -12.33 -25.36 28 194 3 -7.32 -32.19 21 181 2 -37.88 -36.73 15 170 2 -35.76 -32.24 13 183 2009 1 -19.73 -18.49 27 162 2009 1 -28.67 -22.44 18 155 Annual 2008 -14.41 -11.20 105 160 Annual 2008 -5.05 -0.77 90 162 4 -19.73 -2.78 25 154 4 -16.89 -2.37 20 154 3 -9.62 -17.95 23 158 3 -19.78 -17.31 19 157 2 -23.59 -15.81 30 167 2 -5.08 -2.00 24 182 2008 1 10.08 31.64 27 159 2008 1 27.04 40.80 27 154 Annual 2007 -4.70 -2.41 114 118 Annual 2007 -6.30 -6.26 91 119 4 1.75 -13.04 19 162 4 -1.65 -18.89 12 170 3 3.46 10.28 34 121 3 11.52 11.46 30 121 2 -6.55 -11.82 38 101 2 -18.58 -10.07 29 105 2007 1 -17.05 -28.54 23 107 2007 1 -5.47 -1.96 20 97 Stapleton North Baldwin County Annual 2011 27.35 34.58 9 106 Annual 2011 67.13 108.76 5 148 4 38.12 20.39 2 135 4 -61.13 -39.22 1 36 3 57.57 74.04 2 76 3 147.57 147.57 2 119 2 100.00 100.00 1 87 2 0.00 0.00 0 0 2011 1 -25.75 -12.27 4 85 2011 1 297.73 197.73 2 234 Annual 2010 -12.74 2.04 11 176 Annual 2010 -47.69 -53.03 6 103 4 -21.21 -18.59 3 254 4 -42.14 -53.64 4 102 3 -21.86 -14.98 5 113 3 -55.97 -55.97 1 78 2 0.00 0.00 0 0 2 -100.00 -100.00 0 0 2010 1 60.49 93.30 2 299 2010 1 -79.53 -79.53 1 132 Annual 2009 5.09 -10.23 15 184 Annual 2009 -29.29 -36.83 8 157 -26.02 -19.09 7 120 4 100.00 100.00 3 114 4 3 100.00 100.00 5 288 3 -40.82 -39.77 1 99 North Baldwin County by Zone 4-Qtr 4-Qtr Average Median Sale Sale Price* % Price* % Zone Year Quarter Stapleton continued… 2 4-Qtr Average Sale Price* % Zone Year Quarter Total Avg Days Sold on Market 4-Qtr Median Sale Price* % Total Avg Days Sold on Market North Baldwin County continued… -100.00 -100.00 0 0 2 -60.73 -60.73 2 90 2009 1 71.81 42.65 3 49 2009 1 100.00 100.00 2 316 Annual 2008 -47.03 -35.44 8 122 Annual 2008 0.53 -9.91 6 169 4 7.00 8.64 3 181 4 -100.00 -100.00 0 0 3 -100.00 -100.00 0 0 3 13.36 11.39 3 175 2 -65.92 -51.39 4 69 2 -43.81 -31.47 2 182 2008 1 -75.27 -75.27 1 161 2008 1 -100.00 -100.00 0 0 Annual 2007 13.00 12.77 11 129 Annual 2007 -3.50 -26.00 9 91 4 -6.79 -6.79 2 190 4 -8.08 -18.28 3 84 3 -14.78 -14.78 2 193 3 -40.38 -40.38 2 52 2 23.62 5.70 5 81 2 11.17 -27.04 3 73 2007 1 26.45 26.45 2 122 2007 1 42.23 42.23 1 242 Notes: All data supplied by the Baldwin County Multi-List * Figures represent 4-quarter or annual price appreciation calculated from the same quarter one year earlier. For example, the Bay Minette median percent change between 2008 Q2 and 2009 Q2 equaled -32.24% change on the 13 sold properties. 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 depley@usouthal.edu Email: Phone: 251.460.6735 MLS Office: 251.947.3777 This report completed by: Susan Grimsley, Researcher Center for Real Estate Studies Mitchell College of Business