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 Eastern Shore Residential Housing Report Quarterly and Annual Price Trends by Zone 2013 Quarter 4 This report is available on the CREED website: Center for Real Estate and Economic Development http://creed.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 *Annual 2013 4 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 $244,461 $242,508 $256,279 $248,120 $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 $289,819 $296,741 $285,555 $299,575 $275,297 $285,752 $294,047 $279,814 $284,411 $201,275 $195,813 $209,500 $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 $238,900 $228,450 $239,000 $249,500 $227,900 $235,100 $230,250 $240,450 $241,750 1412 304 391 425 286 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 1,096 189 295 356 256 1,143 245 312 399 80 18 23 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 76 37 16 14 9 56 9 16 23 163 162 156 166 167 175 176 158 189 175 176 172 166 187 176 172 182 160 166 184 182 177 178 197 174 173 163 168 181 180 155 187 156 148 138 125 144 136 115 $350,548,082 $74,840,296 $103,156,679 $105,449,811 $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 $319,283,630 $54,691,040 $85,660,673 $108,429,080 $70,502,837 $332,495,169 $73,335,275 $88,627,854 $116,255,835 $14,187,491 $3,247,390 $2,942,700 $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 $20,384,153 $12,372,488 $3,146,928 $2,413,737 $2,451,000 $9,835,850 $1,352,600 $3,151,200 $3,765,650 2006 1 $287,848 $220,000 187 8 103 $54,276,205 $1,566,400 $201,831 $221,610 $203,114 $201,286 $174,032 $174,900 $175,070 $180,500 $189,950 $179,000 $145,650 $160,000 617 150 163 188 111 528 38 8 13 9 8 37 143 140 138 154 139 150 $128,840,029 $34,081,521 $34,515,318 $39,006,891 $20,162,858 $95,943,861 $3,359,101 $932,900 $1,232,700 $646,501 $547,000 $2,874,500 Eastern Shore Daphne *Annual 2013 4 3 2 2013 1 *Annual 2012 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 Daphne continued …. Eastern Shore 4 3 2 2012 1 *Annual 2011 4 3 2 2011 1 $188,218 $172,212 $171,672 $169,953 $173,612 $160,646 $163,085 $176,341 $196,823 $180,000 $155,800 $159,200 $150,000 $151,450 $143,626 $152,950 $150,000 $163,343 113 125 170 120 495 119 138 118 116 6 10 14 7 25 6 6 8 4 154 128 164 148 160 167 144 163 159 $21,855,547 $22,442,760 $30,682,483 $20,963,071 $88,333,201 $19,593,785 $23,028,224 $21,650,487 $23,265,204 $542,400 $805,900 $905,200 $621,000 $1,945,050 $487,000 $456,050 $568,500 $353,500 *Annual 2010 $190,996 $166,457 448 28 164 $88,732,105 $2,181,950 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 $194,731 $193,410 $178,068 $209,917 $219,444 $221,942 $219,195 $220,682 $217,185 $248,737 $225,159 $269,613 $244,722 $241,530 $273,609 $233,615 $284,558 $297,783 $256,310 $270,017 $281,121 $271,324 $157,275 $174,000 $164,800 $181,083 $190,000 $186,341 $189,950 $194,500 $215,000 $215,450 $200,000 $240,000 $224,000 $206,350 $239,450 $200,750 $248,900 $264,900 $228,100 $240,000 $248,285 $245,000 91 113 133 87 362 87 125 88 59 369 78 115 98 76 447 69 129 151 109 555 126 133 9 6 6 7 20 7 5 7 1 33 9 7 5 11 29 9 6 10 4 39 5 10 158 169 165 177 172 177 167 204 125 159 161 150 148 180 144 168 158 141 116 122 135 125 $18,815,250 $22,685,517 $24,057,635 $19,232,241 $81,428,071 $20,158,580 $27,696,406 $20,151,615 $12,947,618 $94,885,612 $18,543,517 $31,847,432 $24,281,530 $19,082,133 $125,817,846 $16,945,588 $35,690,819 $43,232,897 $27,543,788 $143,288,612 $34,663,041 $34,224,834 $657,800 $330,300 $693,850 $500,000 $2,399,650 $704,000 $798,950 $813,200 $83,500 $5,106,470 $1,045,300 $1,045,400 $924,856 $1,931,014 $4,419,837 $1,276,372 $1,017,128 $1,732,337 $394,000 $6,300,650 $758,200 $1,861,200 2 $269,693 $240,750 178 16 114 $45,721,575 $2,283,850 2006 1 $259,031 $211,750 114 8 112 $27,873,092 $1,397,400 $282,303 $268,324 $302,944 $290,090 $255,366 $282,086 $276,861 $323,011 $248,583 $269,737 $234,099 $208,101 $225,000 $208,850 $229,950 $250,000 $211,300 $215,000 $234,900 $220,000 $209,750 $171,500 $189,900 $171,000 586 106 172 180 126 529 117 168 156 87 440 87 38 8 8 13 9 32 10 9 10 2 32 7 184 186 179 188 183 206 211 182 223 217 196 179 $165,781,972 $28,508,054 $53,039,359 $51,422,413 $32,235,446 $152,349,833 $33,272,320 $55,779,045 $39,583,353 $23,620,615 $102,048,182 $18,062,977 $10,375,300 $2,080,900 $1,490,500 $4,565,000 $2,238,900 $5,900,200 $1,889,000 $1,393,900 $1,681,400 $386,000 $8,446,530 $1,498,500 Fairhope *Annual 2013 4 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 Fairhope continued …. Eastern Shore 3 2 2011 1 *Annual 2010 4 3 2 2010 1 *Annual 2009 4 3 2 2009 1 *Annual 2008 4 $218,853 $261,810 $238,644 $252,806 $246,679 $242,722 $256,802 $266,558 $278,056 $266,996 $304,297 $291,415 $240,121 $361,671 $304,557 $185,000 $211,000 $185,000 $197,900 $201,435 $200,000 $190,000 $209,000 $200,950 $183,691 $202,000 $223,250 $193,500 $250,000 $225,387 135 123 94 349 87 85 114 59 271 64 78 70 59 293 57 9 11 5 24 3 6 10 4 17 5 1 8 3 11 4 189 211 202 184 212 153 167 217 216 206 198 225 237 197 179 $28,706,463 $32,180,253 $22,388,489 $88,862,917 $21,907,349 $20,588,674 $29,633,519 $15,712,175 $74,626,172 $16,965,837 $23,454,525 $19,882,300 $14,323,510 $103,653,211 $17,353,952 $2,808,430 $2,902,300 $1,237,300 $5,433,699 $293,774 $1,499,025 $2,209,900 $1,081,000 $5,453,850 $1,456,900 $584,900 $2,848,050 $564,000 $6,294,900 $1,224,000 3 $379,473 $246,000 97 4 201 $34,975,636 $3,351,100 2 2008 1 *Annual 2007 4 3 2 2007 1 *Annual 2006 4 $419,240 $317,604 $347,101 $393,295 $329,991 $344,607 $336,644 $330,187 $361,940 $268,000 $242,500 $263,790 $268,500 $260,000 $265,950 $261,950 $249,750 $244,850 77 61 402 70 111 136 90 458 80 2 1 27 17 4 3 3 19 4 219 182 179 239 164 170 155 130 147 $31,765,179 $19,326,444 $135,960,939 $24,610,420 $35,327,655 $46,312,607 $28,621,935 $147,409,532 $28,360,772 $1,354,800 $365,000 $13,292,550 $9,606,250 $1,301,400 $553,900 $1,676,000 $3,816,200 $594,400 3 $315,038 $249,500 111 6 148 $33,679,256 $1,290,000 2 2006 1 $318,060 $336,925 $259,000 $246,950 141 124 7 2 115 116 $43,364,623 $41,328,701 $1,481,800 $450,000 $264,691 $249,686 $272,785 $266,188 $269,414 $246,367 $232,414 $256,742 $242,801 $257,904 $253,047 $227,711 $299,628 $252,489 $219,281 $254,987 $251,291 $281,671 $253,839 $232,150 $270,000 $259,000 $253,500 $243,000 $237,500 $251,708 $235,000 $267,500 $226,450 $204,000 $241,500 $228,835 $183,500 $249,950 $252,490 $257,500 209 48 56 57 49 186 37 53 65 30 165 38 45 47 35 155 42 34 4 2 2 0 0 1 0 1 0 0 3 1 1 1 0 3 1 1 159 174 139 140 190 157 127 154 174 167 172 173 160 181 161 166 172 142 $55,926,081 $12,250,721 $15,602,002 $15,172,707 $13,201,286 $45,962,896 $8,599,328 $13,756,355 $15,782,089 $7,737,124 $42,172,162 $8,770,829 $13,653,007 $12,019,476 $7,674,850 $39,938,068 $10,692,626 $9,740,570 $453,090 $233,590 $219,500 $0 $0 $107,700 $0 $107,700 $0 $0 $339,800 $109,900 $129,900 $100,000 $0 $349,800 $112,900 $117,900 Spanish Fort *Annual 2013 4 3 2 2013 1 *Annual 2012 4 3 2 2012 1 *Annual 2011 4 3 2 2011 1 *Annual 2010 4 3 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 $254,900 $195,250 $202,000 $165,000 $192,000 $230,500 $204,450 $248,700 $251,450 $297,000 $249,000 $230,000 $259,000 $265,000 $254,000 $279,500 $251,250 $260,000 $212,500 $283,450 $310,500 $219,355 47 29 125 20 35 40 28 120 21 34 42 23 145 33 40 51 26 175 25 50 57 41 0 1 1 1 0 0 0 11 1 0 5 5 16 11 5 0 0 2 0 0 0 2 167 183 147 109 178 134 154 144 141 140 149 141 113 107 93 123 132 130 109 118 132 156 $11,974,667 $6,820,025 $28,436,967 $3,511,878 $7,853,730 $10,168,009 $6,451,350 $33,269,444 $5,632,150 $9,277,000 $11,289,894 $7,070,400 $40,778,674 $10,058,500 $9,974,500 $13,933,652 $6,812,022 $50,846,714 $6,257,308 $15,000,013 $18,813,944 $10,115,449 $0 $119,000 $150,850 $150,850 $0 $0 $0 $1,592,900 $149,900 $0 $736,600 $706,400 $2,163,266 $1,489,866 $673,400 $0 $0 $350,000 $0 $0 $0 $350,000 Spanish Fort continued… Eastern Shore 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 $254,780 $231,301 $226,887 $174,416 $224,392 $254,200 $230,405 $266,125 $262,820 $272,853 $255,883 $277,743 $266,720 $262,463 $266,198 $273,209 $262,001 $292,553 $250,292 $300,000 $330,069 $255,255 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 depley@southalabama.edu Email: Phone: 251.460.6735 MLS: 251.947.3777 This report completed by: Andrea Justiniano, Research Associate Center for Real Estate & Economic Development Mitchell College of Business