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 South Baldwin Region Residential Housing Report Four-Quarter Price Appreciation Change % by Zone 2013 Quarter 4 This report is available on the CREED website: Center for Real Estate and Economic Development http://creed.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. South 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 Sale Price* Price* % % Zone Year Quarter South Total Sold Average Days on Market Foley Annual 2013 5.70 6.60 867 159 Annual 2013 6.67 9.44 428 155 4 1.47 5.00 190 165 4 9.70 11.70 102 164 3 14.64 10.86 236 148 3 7.16 17.23 121 149 2 -1.87 0.87 258 167 2 -6.20 0.00 113 156 2013 1 12.70 12.71 182 158 2013 1 24.21 15.50 91 151 Annual 2012 2.84 10.82 785 165 Annual 2012 13.20 20.60 410 154 4 10.65 22.84 205 162 4 -1.18 20.86 109 151 3 5.09 9.36 212 166 3 20.24 16.09 105 153 2 -0.66 2.46 205 158 2 24.88 27.03 111 149 2012 1 -4.92 6.29 160 175 2012 1 1.83 12.99 83 167 Annual 2011 3.27 0.00 829 171 Annual 2011 0.00 -5.54 413 171 4 13.78 5.67 181 156 4 28.26 12.90 97 152 3 -8.92 -12.40 200 165 3 -7.23 -13.37 89 179 2 19.51 13.27 234 190 2 -3.15 -8.8 116 187 2011 1 -12.72 -10.22 212 170 2011 1 -10.34 -19.25 110 166 Annual 2010 -7.59 -9.84 695 165 Annual 2010 -8.1 -12.22 396 175 4 -14.96 -14.05 165 184 4 -17.27 -20 95 212 3 2.54 0.00 166 158 3 -6.53 -3.00 86 169 2 -14.17 -11.72 220 164 2 -5.28 -10.42 131 176 2010 1 -2.25 -6.25 144 151 2010 1 -5.52 -7.86 74 141 Annual 2009 -17.26 -18.61 627 186 Annual 2009 -18.51 -14.61 333 179 4 -12.38 -16.26 162 179 4 -12.29 -17.28 86 185 3 -17.25 -16.39 175 195 3 -12.52 -10.75 80 202 2 -14.31 -21.18 169 178 2 -20.76 -16.87 94 154 2009 1 -21.14 -20.00 121 193 2009 1 -25.26 -13.91 68 159 Annual 2008 -9.58 -9.15 561 169 Annual 2008 -11.59 -12.11 310 163 4 -14.09 -10.26 92 203 4 -15.83 -9.33 52 223 3 -11.84 -4.17 159 162 3 -15.72 -6.67 83 151 2 -12.23 -3.27 161 154 2 -8.27 -9.44 89 139 2008 1 -1.74 -11.76 149 173 2008 1 -8.71 -18.43 83 163 Annual 2007 -1.53 -3.46 681 178 Annual 2007 -7.25 -6.97 425 185 4 -6.29 -8.00 114 156 4 -9.87 -9.99 71 158 3 4.42 -5.14 185 207 3 -4.61 -9.64 126 210 2 -4.99 -12.43 189 183 2 -15.04 -13.51 141 188 2007 1 3.58 9.71 185 160 2007 1 1.41 3.91 134 168 Magnolia Springs Lillian Annual 2013 16.04 13.33 17 202 Annual 2013 -8.43 -4.34 144 169 4 14.80 -16.67 5 248 4 -38.15 -47.70 25 188 3 -11.55 2.67 2 76 3 32.33 -3.16 38 157 South by Zone 4-Qtr 4-Qtr Average Median Sale Price* Sale Price* % % Zone Year Quarter Total Sold Average Days on Market South Magnolia Springs continued … 4-Qtr 4-Qtr Average Median Sale Sale Price* Price* % % Zone Year Quarter Total Sold Average Days on Market Lillian continued Foley … 2 14.72 4.08 7 210 2 -6.62 1.09 44 196 2013 1 -4.99 43.05 3 191 2013 1 -13.13 -23.57 37 137 Annual 2012 -25.45 -34.34 23 198 Annual 2012 16.12 18.97 112 215 4 20.30 87.50 5 144 4 47.58 54.19 24 226 3 -52.27 -38.71 7 177 3 9.46 56.57 37 193 2 -13.97 -36.50 6 237 2 -2.52 1.66 25 206 2012 1 -32.46 111.00 5 236 2012 1 19.76 0.51 26 244 Annual 2011 7.53 48.00 22 196 Annual 2011 -8.10 -20.36 98 178 4 53.20 12.00 5 181 4 -15.20 10.72 27 195 3 23.20 43.96 5 384 3 -30.69 -60.40 24 143 2 82.38 103.34 5 99 2 5.55 -12.56 19 192 2011 1 -31.31 34.68 7 140 2011 1 8.84 30.87 28 184 Annual 2010 -10.06 -34.01 24 209 Annual 2010 6.15 22.1 69 158 4 -40.79 -40.48 2 236 4 26.53 -23.64 14 134 3 48.74 -26.47 8 266 3 13.25 32.28 17 159 2 -66.62 -29.11 8 157 2 11.98 67.21 16 208 2010 1 37.16 -25.75 6 196 2010 1 1.05 -8.02 22 135 Annual 2009 -15.67 -11.79 18 294 Annual 2009 -13.84 -19.36 84 167 4 126.68 125.50 5 126 4 8.73 71.21 18 169 3 -10.47 -5.50 5 258 3 -15.98 -12.09 28 183 2 94.55 -19.23 5 265 2 -15.50 -17.47 23 185 2009 1 -51.63 -57.89 3 686 2009 1 -29.28 -34.41 13 109 8.53 18.18 15 334 Annual 2008 -7.77 -16.49 92 167 4 -42.68 -38.30 1 371 4 26.46 -1.00 14 165 3 -12.45 11.95 5 420 3 0.59 -8.90 27 183 2 0.22 0.21 4 149 2 -23.04 -38.14 27 152 2008 1 -4.01 187.88 5 388 2008 1 -12.76 -11.63 24 168 Annual 2008 Annual 2007 -8.94 -6.65 24 164 Annual 2007 13.98 44.22 86 178 4 -35.81 -41.53 6 93 4 -24.49 -45.92 15 177 3 -15.93 -4.02 8 195 3 10.50 16.83 29 196 2 -13.13 0.15 4 211 2 31.89 35.47 28 165 1.69 -23.26 5 121 2007 1 23.21 86.33 14 180 2007 1 Elberta Bon Secour Annual 2013 37.40 4.44 55 194 Annual 2013 23.55 18.58 6 101 4 10.52 3.36 12 193 4 9.73 36.63 1 116 3 28.54 9.07 15 170 3 170.76 232.99 1 134 2 57.65 -13.64 19 219 2 26.45 37.43 4 90 2013 1 68.93 46.74 9 184 2013 1 n/a n/a 0 0 Annual 2012 -20.66 -6.25 58 185 Annual 2012 -4.54 -12.76 11 207 4 15.78 20.51 14 272 4 5.38 -7.03 3 217 South by Zone 4-Qtr 4-Qtr Average Median Sale Price* Sale Price* % % Zone Year Quarter Total Sold Average Days on Market South Elberta continued… 4-Qtr 4-Qtr Average Median Sale Sale Price* Price* % % Zone Year Quarter Total Sold Average Days on Market Foley Bon Secour continued… 3 -18.43 -12.95 15 195 3 40.66 14.82 3 266 2 -35.49 -5.94 12 144 2 -43.36 -45.99 4 126 2012 1 30.19 29.23 17 134 2012 1 35.13 0.00 1 320 Annual 2011 3.92 17.07 71 148 Annual 2011 51.30 79.01 11 133 4 3.61 51.44 16 155 4 91.32 29.82 3 114 3 -6.24 -24.74 25 152 3 -34.36 -34.62 3 226 2 -3.44 23.07 18 90 2 115.43 149.23 2 147 2011 1 43.13 26.83 13 205 2011 1 100.00 100.00 3 52 Annual 2010 -2.73 -2.71 45 156 Annual 2010 -16.63 -19 9 174 4 8.62 -25 13 189 4 16.46 42.5 3 255 3 11.33 10.32 10 103 3 1.63 8.33 1 146 2 -27.29 -30.85 14 180 2 -38.59 -46.92 5 132 2010 1 11.67 16.08 4 138 2010 1 -100.00 -100.00 0 0 Annual 2009 -27.90 -41.44 38 171 Annual 2009 -36.35 -41.00 16 228 4 -20.60 -29.88 9 219 4 -38.75 -39.70 6 217 3 -42.36 -47.24 7 151 3 -33.12 -37.25 7 148 2 54.22 24.47 12 189 2 -38.62 -27.76 2 646 2009 1 -68.22 -63.19 10 118 2009 1 -25.22 -25.22 1 17 1.08 -10.07 37 181 Annual 2008 -17.62 -9.84 7 216 4 -30.10 -44.22 6 168 4 -4.95 -4.69 1 138 3 46.02 31.13 10 116 3 -6.02 0.66 2 395 2 -35.85 -41.22 12 220 2 -26.98 -40.63 3 96 2008 1 38.33 51.36 9 209 2008 1 -44.07 -40.26 1 297 Annual 2008 1.93 40.63 46 130 Annual 2007 5.18 -14.84 20 194 4 -38.91 -22.41 7 97 4 28.39 28.04 4 170 3 3.00 40.72 11 220 3 17.86 11.76 5 301 2 -9.00 14.23 11 98 2 41.80 32.79 7 171 2007 1 83.42 31.26 16 105 2007 1 -27.30 -38.10 4 174 Annual 2007 Gulf Shores - N / Inter. Coastal Wtrwy Annual 2013 1.32 3.50 217 152 4 5.38 18.21 45 139 3 10.91 12.58 59 137 2 -6.32 -22.68 71 153 2013 1 -4.61 -0.15 42 186 Annual 2012 1.36 6.67 171 143 4 13.88 18.08 50 124 3 17.89 17.34 45 155 2 -5.69 15.95 47 149 2012 1 -1.17 11.67 28 140 South by Zone 4-Qtr 4-Qtr Average Median Sale Price* Sale Price* % % Zone Year Quarter Total Sold Average Days on Market Gulf Shores - N / Inter. Coastal Wtrwy South continued… Zone Year Quarter 4-Qtr 4-Qtr Average Median Sale Sale Price* Price* % % Total Sold Average Days on Market Foley Annual 2011 3.96 3.45 214 174 4 1.98 -13.04 33 134 3 -16.20 -8.15 54 133 2 39.52 60.73 74 227 2011 1 -19.31 -16.67 51 173 Annual 2010 -12.67 -9.38 152 136 4 -18.04 -6.56 38 125 * Figures represent 4-quarter or annual price appreciation calculated from the same quarter one year earlier. For example, the Foley median percent change between 2008 Q2 and 2009 Q2 equaled percent change between 2008 Q2 and 2009 Q2 equaled -16.87% change on the 94 sold properties. 3 5.95 -0.66 39 134 2 -22.64 -33.33 39 105 2010 1 -17.85 -27.72 31 189 Annual 2009 -24.62 -12.57 125 199 4 -31.59 -26.77 31 155 3 -28.72 -16.37 41 170 2 -40.91 -34.77 29 201 For further information, please contact: 2009 1 8.81 36.09 24 303 Annual 2008 -6.14 -12.65 87 166 Professor Donald Epley, Director Center for Real Estate & Economic Development depley@southalabama.edu Email: Phone: 251.460.6735 MLS Office: 251.947.3777 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. 4 1.03 4.05 14 203 3 -16.64 -26.14 24 128 2 0.22 1.59 20 216 2008 1 15.44 2.69 26 144 Annual 2007 10.40 0.99 72 159 This report completed by: 4 -0.67 12.96 17 150 3 13.66 0.92 26 184 2 15.69 4.89 13 201 Andrea Justiniano, Research Associate Center for Real Estate & Economic Development Mitchell College of Business 2007 1 1.67 -6.43 32 121