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 Central 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: http://cres.southalabama.edu/ The data was assembled by Meredith McCutchen, 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. 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 $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 $177,758 $168,390 $174,537 $181,914 $184,686 $177,158 $172,633 $177,679 $181,627 $174,255 $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 $152,500 $150,000 $152,925 $150,000 $155,000 $152,000 $147,950 $147,975 $166,950 $139,450 66 310 62 83 84 77 261 60 69 63 69 252 68 64 71 49 255 59 85 61 50 386 90 88 115 93 317 79 95 98 45 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 3 1 0 0 2 6 0 1 2 3 172 161 168 191 124 165 157 133 173 160 158 184 161 207 186 182 148 141 171 130 142 140 130 133 119 180 141 126 151 158 111 $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 $68,236,526 $15,111,972 $15,359,264 $20,920,131 $16,845,159 $56,142,306 $13,638,045 $16,949,507 $17,613,292 $7,941,462 $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 $911,500 $211,500 $0 $0 $700,000 $1,079,884 $0 $107,700 $549,384 $422,800 $119,000 $131,526 $100,175 $180,821 $114,500 $118,450 $113,394 $143,400 $83,600 $111,800 $103,667 $170,647 $217,967 $208,000 $128,000 $0 $107,000 $105,000 $84,700 $118,500 $63,000 $118,450 $94,350 $114,000 $74,950 $111,800 $102,000 $168,750 $178,900 $208,000 $165,000 $0 3 21 8 7 4 2 16 6 4 2 3 8 3 1 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 147 95 117 84 68 105 232 156 217 629 178 165 187 139 206 0 $357,000 $2,762,050 $801,400 $1,265,750 $458,000 $236,900 $1,814,300 $860,400 $334,400 $223,600 $311,000 $1,365,172 $653,900 $208,000 $384,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Central 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 Seminole 2012 1 *Annual 2011 4 3 2 2011 1 *Annual 2010 4 3 2 2010 1 *Annual 2009 4 3 2 2009 1 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 Seminole continued …. *Annual 2008 4 3 2 2008 1 *Annual 2007 4 3 2 2007 1 *Annual 2006 4 3 2 2006 1 $175,942 $118,926 $238,950 $160,933 $260,950 $168,355 $207,667 $133,633 $192,467 $125,300 $166,817 $190,000 $175,950 $207,000 $126,000 $177,450 $112,500 $238,950 $179,900 $260,950 $160,000 $211,500 $86,000 $161,500 $125,300 $177,500 $190,000 $175,950 $207,000 $126,000 12 4 2 3 2 10 2 3 3 2 6 1 2 1 2 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 172 74 340 226 173 103 141 131 59 70 79 64 100 76 67 $2,111,305 $475,705 $477,900 $482,800 $521,900 $1,640,400 $411,500 $400,900 $577,400 $250,600 $1,000,900 $190,000 $351,900 $207,000 $252,000 $0 $0 $0 $0 $0 $211,500 $211,500 $0 $0 $0 $0 $0 $0 $0 $0 $110,018 $100,059 $92,091 $101,732 $97,760 $103,995 $126,998 $128,453 $91,686 $146,131 $135,740 $135,360 $126,867 $124,750 $123,023 $146,750 $156,523 $143,653 $161,842 $149,954 $155,268 $203,348 $185,694 $184,114 $210,050 $210,620 $210,830 $204,977 $253,004 $205,731 $177,096 $89,900 $95,000 $88,450 $90,000 $89,900 $100,950 $119,400 $115,000 $75,500 $137,000 $117,450 $125,750 $111,500 $142,706 $125,000 $143,200 $146,950 $143,015 $138,799 $146,950 $157,415 $165,900 $174,200 $159,950 $156,950 $186,000 $171,605 $166,000 $176,706 $192,623 $137,450 17 105 18 31 33 20 73 19 18 15 18 62 18 16 13 16 77 20 22 18 15 133 26 31 39 35 116 34 28 30 20 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 2 0 0 0 2 3 0 1 2 0 114 163 148 221 143 125 169 132 203 164 181 175 133 267 161 141 165 185 193 98 183 158 178 146 131 165 123 131 95 140 86 $1,870,300 $10,506,222 $1,657,631 $3,153,700 $3,226,096 $2,079,895 $9,312,825 $2,440,600 $1,657,030 $2,191,970 $2,443,325 $8,392,300 $2,283,600 $2,283,300 $1,599,300 $2,348,000 $12,052,249 $2,873,055 $3,560,515 $2,699,165 $2,329,014 $26,751,916 $4,828,050 $5,707,522 $8,191,935 $6,671,709 $23,799,221 $6,969,226 $6,976,412 $5,622,540 $3,541,912 $0 $0 $0 $0 $0 $0 $85,000 $0 $85,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $700,000 $0 $0 $0 $700,000 $657,084 $0 $107,700 $549,384 $0 Loxley 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 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 $121,833 $104,485 $85,279 $107,111 $125,834 $97,708 $147,283 $174,750 $135,700 $152,660 $143,336 $168,384 $139,825 $154,896 $234,939 $139,318 $160,788 $141,143 $165,825 $178,602 $157,990 $200,999 $208,672 $258,350 $161,076 $162,425 $222,572 $227,858 $165,975 $250,991 $236,798 $90,500 $97,951 $76,000 $88,000 $119,900 $98,450 $145,000 $174,750 $120,000 $147,500 $147,750 $153,350 $137,000 $155,000 $170,000 $155,500 $155,120 $146,560 $153,000 $165,000 $169,500 $185,710 $198,484 $188,898 $163,500 $170,000 $201,500 $247,989 $170,900 $233,000 $197,610 12 37 7 9 9 12 26 2 7 10 7 34 6 8 9 11 37 8 12 7 10 62 24 12 16 8 30 5 8 13 4 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 0 0 0 0 175 146 107 248 98 127 167 134 154 143 225 271 262 242 296 277 177 150 230 142 159 135 139 145 137 95 114 118 75 160 30 $1,462,001 $3,865,950 $596,951 $964,000 $1,132,504 $1,172,495 $3,829,350 $349,500 $949,900 $1,526,600 $1,003,350 $5,725,065 $838,950 $1,239,165 $2,114,450 $1,532,500 $5,949,152 $1,129,140 $1,989,900 $1,250,212 $1,579,900 $12,461,933 $5,008,117 $3,100,196 $2,577,220 $1,299,400 $6,677,159 $1,139,289 $1,327,800 $3,262,880 $947,190 $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 $0 $0 $0 $0 $102,676 $92,863 $115,709 $70,028 $92,351 $96,210 $99,641 $93,307 $105,534 $94,780 $96,211 $106,041 $106,771 $95,000 $111,750 $90,726 $88,500 $78,450 $103,750 $62,000 $83,200 $70,300 $84,000 $82,500 $91,900 $82,250 $84,000 $100,500 $104,000 $110,183 $103,800 $87,000 25 106 22 25 28 30 104 23 25 22 31 107 28 27 32 19 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 225 146 151 122 135 174 142 138 166 137 137 162 162 201 149 132 $2,566,911 $9,843,425 $2,545,600 $1,750,700 $2,585,815 $2,886,310 $10,362,701 $2,146,067 $2,638,350 $2,085,150 $2,982,534 $11,346,337 $2,989,588 $2,974,949 $3,576,000 $1,723,800 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Silverhill 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 Robertsdale 2012 1 *Annual 2011 4 3 2 2011 1 *Annual 2010 4 3 2 2010 1 *Annual 2009 4 3 2 2009 1 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 Robertsdale continued …. *Annual 2008 4 3 2 2008 1 *Annual 2007 4 3 2 2007 1 *Annual 2006 4 3 2 2006 1 $123,830 $89,994 $130,215 $124,682 $140,626 $132,055 $130,163 $121,751 $130,333 $143,958 $142,170 $132,879 $141,284 $143,595 $150,168 $120,000 $85,000 $122,250 $128,675 $125,000 $134,000 $133,000 $128,000 $135,000 $141,000 $138,115 $133,000 $137,950 $139,900 $139,900 102 17 39 28 18 135 25 29 40 37 140 25 35 40 39 0 0 0 0 0 0 0 0 0 0 2 0 0 0 2 114 76 120 130 111 117 100 120 102 154 122 127 140 107 118 $12,630,654 $1,529,900 $5,078,375 $3,491,105 $2,531,274 $17,827,387 $3,254,065 $3,530,776 $5,213,326 $5,326,450 $19,613,891 $3,321,980 $4,944,950 $5,743,796 $5,566,665 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $289,900 $0 $0 $0 $289,900 $90,304 $119,736 $179,200 $132,045 $85,705 $103,481 $107,882 $79,790 $110,985 $113,864 $134,140 $141,927 $134,529 $206,394 $114,013 $130,725 $146,065 $110,379 $157,238 $144,375 $179,500 $213,270 $140,394 $191,322 $263,834 $227,925 $156,018 $148,888 $135,023 $188,435 $154,733 $91,168 $93,000 $169,900 $156,000 $74,500 $62,500 $84,500 $66,000 $85,000 $63,000 $116,000 $110,000 $114,500 $105,000 $91,250 $119,000 $115,000 $92,900 $157,450 $122,500 $85,000 $165,000 $79,750 $146,000 $221,513 $190,500 $140,950 $137,950 $136,500 $182,450 $115,750 9 41 7 11 10 13 42 10 13 7 10 41 12 9 16 4 24 7 8 4 5 43 10 9 16 8 59 13 19 14 12 1 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 1 0 0 0 1 144 241 393 283 79 249 136 109 160 148 129 184 149 142 206 296 172 141 265 151 82 126 88 172 133 110 129 123 104 106 194 $868,135 $4,909,195 $1,254,400 $1,452,500 $857,045 $1,345,250 $4,531,050 $797,900 $1,442,800 $797,050 $1,341,400 $5,818,998 $1,614,348 $1,857,550 $1,824,200 $522,900 $3,505,550 $772,650 $1,257,900 $577,500 $897,500 $9,170,590 $1,403,940 $1,721,900 $4,221,350 $1,823,400 $9,072,173 $1,935,550 $2,565,430 $2,638,093 $1,723,900 $34,900 $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 $132,900 $0 $0 $0 $132,900 Summerdale 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 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. 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; For further information, please contact: Professor Donald Epley, Director Center for Real Estate Studies depley@usouthal.edu Email: 251.460.6735 Phone: 251.947.3777 MLS: This report completed by: Meredith McCutchen, Researcher Center for Real Estate Studies Mitchell College of Business