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 1 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 2013 1 4.11 Annual 2012 2012 4 Total Sold Average Days on Market Daphne 10.59 303 167 2013 1 10.08 8.25 1313 175 Annual 2012 0.74 5.65 565 150 24.30 21.91 283 176 2012 4 17.16 25.33 119 154 2012 3 25.09 14.90 366 158 2012 3 5.59 1.86 135 128 2012 2 -5.24 1.31 415 189 2012 2 -2.65 6.13 184 164 2012 1 0.26 4.89 246 175 2012 1 -13.65 28.93 127 148 Annual 2011 -6.35 -9.91 1160 176 Annual 2011 -9.10 -9.02 520 160 4 -16.52 -19.60 258 172 4 -17.50 -8.68 125 167 3 -8.78 -14.17 334 166 3 -15.68 -12.10 144 144 2 2.05 -1.47 308 187 2 -0.97 -8.98 126 163 2011 1 -3.88 -2.05 254 176 2011 1 -6.24 -9.80 120 159 Annual 2010 -5.10 0.92 1008 172 Annual 2010 -12.96 -12.39 476 164 4 -0.69 11.33 234 182 4 -12.26 -15.60 100 158 3 -6.99 3.16 252 160 3 -11.76 -8.40 119 169 2 -10.52 -9.66 317 166 2 -19.31 -15.27 139 165 1.39 -6.41 205 184 2010 1 -3.35 -15.78 94 177 2010 1 2.40 -2.90 119 139 Annual 2009 -16.85 -15.56 846 182 Annual 2009 -11.78 -11.81 382 172 4 -10.63 -14.11 199 177 4 -1.43 -6.83 94 177 3 -20.66 -20.52 254 178 3 -18.70 -20.85 130 167 2 -16.43 -11.91 226 197 2 -9.82 -13.17 95 204 2009 1 -16.01 -9.30 167 174 2009 1 -10.08 4.19 60 125 Annual 2008 -2.08 -5.82 894 173 Annual 2008 -9.09 -10.02 402 159 4 -14.46 -7.75 176 163 4 -3.62 -0.37 87 161 3 7.14 0.00 278 168 3 -5.25 -3.58 122 150 2 -1.41 -5.81 249 181 2 -17.82 -15.44 103 148 2008 1 -4.05 -5.66 191 180 2008 1 -5.77 -9.54 87 180 Annual 2007 1.42 1.62 1,172 155 Annual 2007 1.33 -0.23 476 144 4 0.92 -0.78 226 187 4 -16.90 -19.15 78 168 3 2.05 -0.60 311 156 3 4.88 1.59 135 158 2 5.33 3.21 370 148 2 10.42 10.03 161 141 2007 1 -4.36 3.59 265 138 2007 1 -1.05 7.72 113 116 Fairhope Spanish Fort 2013 1 -5.33 23.21 135 183 2013 1 4.46 -5.23 49 190 Annual 2012 20.49 13.22 561 206 Annual 2012 -2.64 7.31 187 157 2012 4 33.04 37.37 127 211 2012 4 2.07 16.42 37 127 2012 3 47.59 18.91 177 182 2012 3 -14.31 4.23 54 154 2012 2 -5.05 -0.59 166 223 2012 2 -3.84 2.69 65 174 2012 1 13.03 -7.29 89 217 2012 1 17.61 45.78 30 167 Eastern Shore by Zone 4-Qtr 4-Qtr Average Median Sale Price* Sale Price* % % Zone Year Quarter Total Sold Average Days on Market Fairhope continued… 4-Qtr 4-Qtr Average Median Sale Price* Sale Price* % % Zone Year Quarter Total Sold Average Days on Market Spanish Fort continued… Annual 2011 -7.40 -4.04 472 196 Annual 2011 -0.76 -9.40 168 172 4 -15.64 -15.11 94 179 4 -9.38 -19.20 39 173 3 -9.83 -7.50 144 189 3 6.38 -6.21 46 160 2 1.95 11.05 134 211 2 -0.9 -10.23 48 181 2011 1 -10.47 -11.48 99 202 2011 1 -5.2 -6.02 35 161 Annual 2010 -9.08 -1.52 373 184 Annual 2010 12.39 23.74 158 166 4 -7.61 9.66 90 212 4 44.08 53.02 43 172 3 -20.24 -0.99 91 153 3 25.53 34.11 35 142 2 -11.88 -14.89 124 167 2 0.23 10.59 47 167 2010 1 11.01 8.01 63 217 2010 1 0.39 -4.50 30 183 Annual 2009 -23.12 -19.62 288 216 Annual 2009 -14.74 -18.78 126 147 4 -12.33 -18.50 69 206 4 -33.64 -34.38 21 109 3 -19.81 -17.89 79 198 3 -17.76 -35.35 35 178 2 -30.49 -16.70 78 225 2 -0.66 -7.43 40 134 2009 1 -24.40 -20.21 62 237 2009 1 -17.04 -11.11 28 154 4.20 -5.23 304 197 Annual 2008 -0.22 -3.98 131 144 4 -22.56 -16.06 61 179 4 0.14 -5.11 22 141 3 14.99 -5.38 101 201 3 2.50 16.93 34 140 2 21.66 0.77 79 219 2 -6.34 -10.91 47 149 Annual 2008 2008 1 -5.66 -7.43 62 182 2008 1 6.01 -8.46 28 141 Annual 2007 5.12 5.62 429 179 Annual 2007 -8.83 -0.38 161 113 4 8.66 9.66 87 239 4 4.86 24.71 44 107 3 4.75 4.21 115 164 3 -11.27 -10.39 5 93 2 8.35 2.68 139 170 2 -17.23 -9.98 51 123 2007 1 -0.08 6.07 93 155 2007 1 2.64 14.54 26 132 * 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 depley@southalabama.edu Email: Phone: 251.460.6735 MLS Office: 251.947.3777 This report completed by: Meredith McCutchen, Senior Research Analyst Center for Real Estate & Economic Development Mitchell College of Business