Baldwin County Association of REALTORS® 23280 County Road 65, Robertsdale, AL 36567 Telephone: 251-947-3777 Fax: 251-947-3788 E-mail: Marthataylor@baldwinrealtors.org Website: http://www.southalabamamls.com Gulf Beach Residential Housing Report Four-Quarter Price Appreciation Change % by Zone 2012 Quarter 1 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. Gulf Beach by Zone 4-Qtr Average Sale Price* % Zone Year Quarter 4-Qtr Median Sale Price* % Total Avg Days Sold on Market 4-Qtr Average Sale Price* % Zone Year Quarter Gulf Beach 4-Qtr Median Sale Price* % Total Avg Days Sold on Market Orange Beach 2012 1 2.74 3.15 309 199 2012 1 4.37 -1.95 166 202 Annual 2011 7.32 0.00 1372 217 Annual 2011 10.09 -2.58 690 217 4 11.34 -6.82 286 222 4 19.61 7.69 152 232 3 4.73 -1.28 349 226 3 0.82 -6.57 178 230 2 4.53 -0.45 425 207 2 10.95 -1.72 210 208 2011 1 7.53 4.56 299 221 2011 1 12.36 -1.80 147 200 Annual 2010 -13.04 -15.38 1178 182 Annual 2010 -3.68 -10.32 549 189 4 -7.76 -9.28 298 189 4 -0.42 -0.76 145 173 3 -7.68 -14.91 231 189 3 11.33 -11.84 102 217 2 -13.89 -19.64 343 174 2 -6.82 -13.43 153 156 2010 1 -20.27 -19.15 306 180 2010 1 -17.03 -15.88 120 222 Annual 2009 -23.31 -23.98 1195 202 Annual 2009 -27.73 -19.07 498 210 4 -44.36 -55.91 286 206 4 -51.04 -62.44 110 216 3 -18.64 -19.12 323 205 3 -15.90 -12.05 139 202 2 -8.44 -5.17 390 200 2 -6.65 -13.66 149 201 2009 1 -4.44 -8.26 196 191 2009 1 -1.49 -5.48 92 223 Annual 2008 1.14 7.89 945 177 Annual 2008 2.77 2.81 432 149 4 36.28 60.58 279 118 4 54.00 67.31 171 67 3 -10.56 -9.33 239 196 3 -8.79 -13.33 91 195 2 -20.03 -17.38 263 195 2 -22.00 -10.80 98 119 2008 1 -2.73 19.79 164 217 2008 1 -28.80 -26.63 68 201 Annual 2007 -24.15 -31.09 887 257 Annual 2007 -17.45 -15.24 362 194 4 -33.65 -18.69 158 214 4 -45.54 -21.76 76 250 3 -13.18 -22.68 236 189 3 -6.42 -14.29 242 169 2 -17.61 -23.28 244 210 2 -7.19 0.02 204 185 2007 1 -33.01 -43.54 249 395 2007 1 -9.35 -11.72 103 182 Gulf Shores - South / Inter Coastal Waterway 2012 1 -5.23 3.18 123 Fort Morgan 187 2012 1 -11.87 1.62 20 242 Annual 2011 -2.28 -9.91 572 200 Annual 2011 -3.61 -9.55 110 306 4 -5.26 -19.21 117 193 4 -7.05 -8.44 17 331 3 1.13 -9.92 139 197 3 0.87 -3.87 32 332 2 -2.8 -6.13 182 192 2 -19.11 -32.50 33 279 2.15 1.29 125 228 2011 1 19.01 1.09 27 304 Annual 2010 2011 1 -18.43 -23.45 536 175 Annual 2010 -20.65 -19.43 92 185 4 -4.53 0.48 127 203 4 -32.26 -34.59 25 219 3 -23.00 -25.42 104 170 3 -21.56 -7.14 23 181 2 -22.00 -31.26 149 184 2 -0.42 13.36 29 176 2010 1 -18.59 -27.55 147 147 2010 1 -39.71 -37.43 15 156 Annual 2009 -16.86 -10.84 556 183 Annual 2009 -8.19 5.11 92 229 Gulf Beach by Zone 4-Qtr Average Sale Price* % Zone Year Quarter 4-Qtr Median Sale Price* % Total Avg Days Sold on Market Gulf Shores-South / Inter Coastal Waterway continued… 4 -12.82 -24.06 139 4-Qtr Average Sale Price* % Zone Year Quarter 4-Qtr Median Sale Price* % Total Avg Days Sold on Market Fort Morgan continued… 193 4 4.61 -3.33 14 240 3 -17.27 -4.42 138 211 3 -22.46 -1.87 32 143 2 -17.85 -9.44 191 172 2 -10.87 23.50 30 304 2009 1 -18.65 -11.04 82 150 2009 1 14.92 71.97 16 251 Annual 2008 -0.86 10.67 369 203 Annual 2008 -14.67 -31.28 103 183 4 -16.32 -17.14 69 229 4 -5.12 -4.20 21 228 3 -6.05 -4.23 100 171 3 -11.93 -32.06 29 171 2 -14.47 0.00 118 201 2 -19.43 -51.81 38 178 2008 1 19.16 30.00 79 211 2008 1 -13.81 -49.53 14 164 Annual 2007 -34.94 -47.55 394 201 Annual 2007 -15.62 -4.48 57 192 4 -28.82 -15.35 56 176 4 -13.36 -8.46 10 172 3 -26.67 -38.28 126 205 3 -12.16 -12.50 27 244 2 -21.58 -42.02 180 222 2 -25.65 -12.17 36 198 2007 1 -30.72 -43.30 333 151 2007 1 -27.89 -18.00 21 115 Notes: All data supplied by the Baldwin County Multi-List * Figures represent 4-quarter or annual price appreciation calculated from the same quarter one year earlier. For example, the Orange Beach median percent change between 2008 Q2 and 2009 Q2 equaled -13.66% change on the 149 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 endorsement, recommendation, or favoring by USA. For further information, please contact: Professor Donald Epley, Director, Center for Real Estate Studies Mitchell College of Business, University of South Alabama depley@usouthal.edu Email: Phone: 251.460.6735 MLS Office: 251.947.3777 This report completed by: Meredith McCutchen, Researcher Center for Real Estate Studies Mitchell College of Business