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 2012 Quarter 4 This report is available on the Center for Real Estate Studies website (CRES): 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 $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 $287,848 $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 $220,000 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 1,143 245 312 399 187 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 8 175 176 158 189 175 176 172 166 187 176 172 182 160 166 184 182 177 178 197 174 173 163 168 181 180 155 187 156 148 138 125 144 136 115 103 $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 $54,276,205 $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 $1,566,400 $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 $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 $164,800 528 113 125 170 120 495 119 138 118 116 448 91 113 133 37 6 10 14 7 25 6 6 8 4 28 9 6 6 150 154 128 164 148 160 167 144 163 159 164 158 169 165 $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 $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 Eastern Shore *Annual 2012 2012 4 2012 3 2012 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 2006 1 Daphne *Annual 2012 2012 4 2012 3 2012 2 2012 1 *Annual 2011 4 3 2 2011 1 *Annual 2010 4 3 2 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 $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 $269,693 $259,031 $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 $240,750 $211,750 87 362 87 125 88 59 369 78 115 98 76 447 69 129 151 109 555 126 133 178 114 7 20 7 5 7 1 33 9 7 5 11 29 9 6 10 4 39 5 10 16 8 177 172 177 167 204 125 159 161 150 148 180 144 168 158 141 116 122 135 125 114 112 $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 $45,721,575 $27,873,092 $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 $2,283,850 $1,397,400 $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 $347,101 $393,295 $329,991 $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 $263,790 $268,500 $260,000 529 117 168 156 87 440 87 135 123 94 349 87 85 114 59 271 64 78 70 59 293 57 97 77 61 402 70 111 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 27 17 4 206 211 182 223 217 196 179 189 211 202 184 212 153 167 217 216 206 198 225 237 197 179 201 219 182 179 239 164 $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 $135,960,939 $24,610,420 $35,327,655 $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 $13,292,550 $9,606,250 $1,301,400 Daphne continued …. 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 Fairhope *Annual 2012 2012 4 2012 3 2012 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 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 $344,607 $336,644 $330,187 $361,940 $315,038 $318,060 $336,925 $265,950 $261,950 $249,750 $244,850 $249,500 $259,000 $246,950 136 90 458 80 111 141 124 3 3 19 4 6 7 2 170 155 130 147 148 115 116 $46,312,607 $28,621,935 $147,409,532 $28,360,772 $33,679,256 $43,364,623 $41,328,701 $553,900 $1,676,000 $3,816,200 $594,400 $1,290,000 $1,481,800 $450,000 $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 $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 $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 $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 $219,355 186 37 53 65 30 165 38 45 47 35 155 42 34 47 29 125 20 35 40 28 120 21 34 42 23 145 33 40 51 26 175 25 50 57 41 1 0 1 0 0 3 1 1 1 0 3 1 1 0 1 1 1 0 0 0 11 1 0 5 5 16 11 5 0 0 2 0 0 0 2 157 127 154 174 167 172 173 160 181 161 166 172 142 167 183 147 109 178 134 154 144 141 140 149 141 113 107 93 123 132 130 109 118 132 156 $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 $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 $107,700 $0 $107,700 $0 $0 $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 $2,163,266 $1,489,866 $673,400 $0 $0 $350,000 $0 $0 $0 $350,000 Fairhope continued …. 2 2007 1 *Annual 2006 4 3 2 2006 1 Spanish Fort *Annual 2012 2012 4 2012 3 2012 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 2006 1 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. Total Residential Zone / Year / Quarter Avg Sale Price Median Sale Price Residential Sold Sold Dollar Volume Condos Sold Avg Days on Market Total Sold Residential Total Sold Condo For further information, please contact: Professor Donald Epley, Director Center for Real Estate Studies This report completed by: Meredith McCutchen, Researcher Email: depley@usouthal.edu Center for Real Estate Studies Phone: 251.460.6735 Mitchell College of Business MLS: 251.947.3777