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 Four-Quarter Price Appreciation Change % by Zone 2013 Quarter 2 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. Eastern Shore by Zone 4-Qtr 4-Qtr Average Median Sale Price* Sale Price* % % Zone Year Quarter Total Sold Average Days on Market 4-Qtr 4-Qtr Average Median Sale Price* Sale Price* % % Zone Year Quarter Eastern Shore Total Sold Average Days on Market Daphne 2 16.07 12.50 447 166 2 17.25 12.44 197 154 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 4.11 10.08 24.30 25.09 -5.24 0.26 -6.35 -16.52 -8.78 2.05 -3.88 -5.10 -0.69 -6.99 -10.52 1.39 -16.85 -10.63 -20.66 -16.43 -16.01 -2.08 -14.46 7.14 -1.41 -4.05 10.59 8.25 21.91 14.90 1.31 4.89 -9.91 -19.60 -14.17 -1.47 -2.05 0.92 11.33 3.16 -9.66 -6.41 -15.56 -14.11 -20.52 -11.91 -9.30 -5.82 -7.75 0.00 -5.81 -5.66 303 1313 283 366 415 246 1160 258 334 308 254 1008 234 252 317 205 846 199 254 226 167 894 176 278 249 191 167 175 176 158 189 175 176 172 166 187 176 172 182 160 166 184 182 177 178 197 174 173 163 168 181 180 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 2.40 0.74 17.16 5.59 -2.65 -13.65 -9.10 -17.50 -15.68 -0.97 -6.24 -12.96 -12.26 -11.76 -19.31 -3.35 -11.78 -1.43 -18.70 -9.82 -10.08 -9.09 -3.62 -5.25 -17.82 -5.77 -2.90 5.65 25.33 1.86 6.13 28.93 -9.02 -8.68 -12.10 -8.98 -9.80 -12.39 -15.60 -8.40 -15.27 -15.78 -11.81 -6.83 -20.85 -13.17 4.19 -10.02 -0.37 -3.58 -15.44 -9.54 119 565 119 135 184 127 520 125 144 126 120 476 100 119 139 94 382 94 130 95 60 402 87 122 103 87 139 150 154 128 164 148 160 167 144 163 159 164 158 169 165 177 172 177 167 204 125 159 161 150 148 180 Fairhope Spanish Fort 2 16.70 19.19 193 186 2 9.63 10.21 57 140 2013 1 -5.33 23.21 135 183 2013 1 4.46 -5.23 49 190 Annual 2012 4 3 2 2012 1 Annual 2011 4 3 2 2011 1 Annual 2010 4 3 2 2010 1 20.49 33.04 47.59 -5.05 13.03 -7.40 -15.64 -9.83 1.95 -10.47 -9.08 -7.61 -20.24 -11.88 11.01 13.22 37.37 18.91 -0.59 -7.29 -4.04 -15.11 -7.50 11.05 -11.48 -1.52 9.66 -0.99 -14.89 8.01 561 127 177 166 89 472 94 144 134 99 373 90 91 124 63 206 211 182 223 217 196 179 189 211 202 184 212 153 167 217 Annual 2012 4 3 2 2012 1 Annual 2011 4 3 2 2011 1 Annual 2010 4 3 2 2010 1 -2.64 2.07 -14.31 -3.84 17.61 -0.76 -9.38 6.38 -0.9 -5.2 12.39 44.08 25.53 0.23 0.39 7.31 16.42 4.23 2.69 45.78 -9.40 -19.20 -6.21 -10.23 -6.02 23.74 53.02 34.11 10.59 -4.50 187 37 54 65 30 168 39 46 48 35 158 43 35 47 30 157 127 154 174 167 172 173 160 181 161 166 172 142 167 183 USA Center for Real Estate and Economic Development Page 2 of 3 Eastern Shore by Zone Zone Year Quarter 4-Qtr 4-Qtr Average Median Sale Price* Sale Price* % % Total Sold Average Days on Market Eastern Shore Fairhope continued… Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 -23.12 -12.33 -19.81 -30.49 -24.40 4.20 -22.56 14.99 21.66 -5.66 -19.62 -18.50 -17.89 -16.70 -20.21 -5.23 -16.06 -5.38 0.77 -7.43 Zone Year Quarter 4-Qtr 4-Qtr Average Median Sale Price* Sale Price* % % Total Sold Average Days on Market Daphne Spanish Fort continued… 288 69 79 78 62 304 61 101 79 62 216 206 198 225 237 197 179 201 219 182 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 -14.74 -33.64 -17.76 -0.66 -17.04 -0.22 0.14 2.50 -6.34 6.01 -18.78 -34.38 -35.35 -7.43 -11.11 -3.98 -5.11 16.93 -10.91 -8.46 126 21 35 40 28 131 22 34 47 28 147 109 178 134 154 144 141 140 149 141 * Figures represent 4-quarter or annual price appreciation calculated from the same quarter one year earlier. For example, Daphne median percent change between 2008 Q2 and 2009 Q2 equaled -13.17% change on the 95 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 For further information, please contact: Professor Donald Epley, Director Center for Real Estate & Economic Development Email: depley@southalabama.edu Phone: 251.460.6735 MLS Office: 251.947.3777 USA Center for Real Estate and Economic Development This report completed by: Michelle Pinochet, Senior Research Analyst Center for Real Estate & Economic Development Mitchell College of Business University of South Alabama Page 3 of 3