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 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. 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 $247,905 $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 $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 $215,000 425 286 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 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 19 166 167 175 176 158 189 175 176 172 166 187 176 172 182 160 166 184 182 177 178 197 174 173 163 168 181 180 $105,602,011 $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 $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 $201,286 $174,032 $174,900 $188,218 $172,212 $171,672 $169,953 $173,612 $160,646 $163,085 $176,341 $196,823 $190,996 $194,731 $193,410 $178,068 $209,917 $179,000 $145,650 $160,000 $180,000 $155,800 $159,200 $150,000 $151,450 $143,626 $152,950 $150,000 $163,343 $166,457 $157,275 $174,000 $164,800 $181,083 188 111 528 113 125 170 120 495 119 138 118 116 448 91 113 133 87 9 8 37 6 10 14 7 25 6 6 8 4 28 9 6 6 7 154 139 150 154 128 164 148 160 167 144 163 159 164 158 169 165 177 $39,006,891 $20,162,858 $95,943,861 $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 $88,732,105 $18,815,250 $22,685,517 $24,057,635 $19,232,241 $646,501 $547,000 $2,874,500 $542,400 $805,900 $905,200 $621,000 $1,945,050 $487,000 $456,050 $568,500 $353,500 $2,181,950 $657,800 $330,300 $693,850 $500,000 Eastern Shore 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 Daphne 2 2013 1 *Annual 2012 4 3 2 2012 1 *Annual 2011 4 3 2 2011 1 *Annual 2010 4 3 2 2010 1 USA Center for Real Estate and Economic Development Page 2 of 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 $219,444 $221,942 $219,195 $220,682 $217,185 $248,737 $225,159 $269,613 $244,722 $241,530 $190,000 $186,341 $189,950 $194,500 $215,000 $215,450 $200,000 $240,000 $224,000 $206,350 362 87 125 88 59 369 78 115 98 76 20 7 5 7 1 33 9 7 5 11 172 177 167 204 125 159 161 150 148 180 $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 $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 $290,090 $255,366 $282,086 $276,861 $323,011 $248,583 $269,737 $234,099 $208,101 $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 $379,473 $419,240 $317,604 $250,000 $211,300 $215,000 $234,900 $220,000 $209,750 $171,500 $189,900 $171,000 $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 $246,000 $268,000 $242,500 180 126 529 117 168 156 87 440 87 135 123 94 349 87 85 114 59 271 64 78 70 59 293 57 97 77 61 13 9 32 10 9 10 2 32 7 9 11 5 24 3 6 10 4 17 5 1 8 3 11 4 4 2 1 186 183 206 211 182 223 217 196 179 189 211 202 184 212 153 167 217 216 206 198 225 237 197 179 201 219 182 $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 $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 $34,975,636 $31,765,179 $19,326,444 $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 $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 $3,351,100 $1,354,800 $365,000 $266,188 $269,414 $246,367 $232,414 $256,742 $242,801 $257,904 $259,000 $253,500 $243,000 $237,500 $251,708 $235,000 $267,500 57 49 186 37 53 65 30 0 0 1 0 1 0 0 140 190 157 127 154 174 167 $15,172,707 $13,201,286 $45,962,896 $8,599,328 $13,756,355 $15,782,089 $7,737,124 $0 $0 $107,700 $0 $107,700 $0 $0 Eastern Daphne Shore continued …. *Annual 2009 4 3 2 2009 1 *Annual 2008 4 3 2 2008 1 Fairhope 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 Spanish Fort 2 2013 1 *Annual 2012 4 3 2 2012 1 USA Center for Real Estate and Economic Development Page 3 of 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 $226,450 $204,000 $241,500 $228,835 $183,500 $249,950 $252,490 $257,500 $254,900 $195,250 $202,000 $165,000 $192,000 $230,500 $204,450 $248,700 $251,450 $297,000 $249,000 $230,000 165 38 45 47 35 155 42 34 47 29 125 20 35 40 28 120 21 34 42 23 3 1 1 1 0 3 1 1 0 1 1 1 0 0 0 11 1 0 5 5 172 173 160 181 161 166 172 142 167 183 147 109 178 134 154 144 141 140 149 141 $42,172,162 $8,770,829 $13,653,007 $12,019,476 $7,674,850 $39,938,068 $10,692,626 $9,740,570 $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 $339,800 $109,900 $129,900 $100,000 $0 $349,800 $112,900 $117,900 $0 $119,000 $150,850 $150,850 $0 $0 $0 $1,592,900 $149,900 $0 $736,600 $706,400 Eastern Spanish Shore Fort continued… *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 $253,047 $227,711 $299,628 $252,489 $219,281 $254,987 $251,291 $281,671 $254,780 $231,301 $226,887 $174,416 $224,392 $254,200 $230,405 $266,125 $262,820 $272,853 $255,883 $277,743 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 Email: depley@southalabama.edu Phone: 251.460.6735 MLS: 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 4 of 4