Baldwin County Association of REALTORS® 23280 County Road 65, Robertsdale, AL 36567 Website: http://www.southalabamamls.com Telephone: 251-947-3777 Fax: 251-947-3788 E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter South Baldwin Region Residential Housing Report Quarterly and Annual Price Trends 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. 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 $148,506 $153,729 $152,338 $147,009 $138,225 $140,497 $151,495 $132,881 $149,809 $122,647 $136,622 $136,918 $126,445 $150,807 $129,000 $132,295 $120,334 $138,823 $126,187 $147,806 $143,154 $141,508 $135,380 $147,012 $151,214 $173,020 $161,511 $163,609 $171,558 $191,751 $191,355 $188,000 $185,581 $195,468 $195,140 $194,319 $200,613 $177,730 $205,737 $188,394 $129,950 $141,750 $132,750 $126,089 $121,000 $121,900 $135,000 $119,750 $125,000 $107,350 $110,000 $109,900 $109,500 $122,000 $101,001 $110,000 $104,000 $125,000 $107,700 $112,500 $122,000 $121,000 $125,000 $122,000 $120,000 $149,900 $144,488 $149,500 $154,775 $150,000 $164,990 $161,005 $156,000 $160,000 $169,999 $170,910 $175,000 $164,450 $182,714 $154,950 762 169 206 221 165 687 183 182 179 140 693 155 161 188 188 597 126 145 196 130 561 149 148 154 110 516 88 142 150 136 594 114 157 166 157 653 177 157 187 132 105 21 30 37 17 98 22 30 26 20 136 26 39 46 24 98 39 21 24 14 66 13 27 15 11 45 4 17 11 13 87 0 28 23 28 60 40 11 7 2 159 165 148 167 158 165 162 166 158 175 171 156 165 190 170 165 184 158 164 151 186 179 195 178 193 169 203 162 154 173 178 156 207 183 160 146 151 135 163 129 $116,039,322 $27,034,442 $31,953,693 $33,474,004 $23,067,833 $98,191,211 $28,597,206 $24,548,989 $27,371,833 $16,944,558 $97,809,060 $21,873,963 $21,022,549 $29,240,599 $25,403,449 $81,993,318 $16,285,231 $21,006,905 $25,065,735 $19,635,447 $80,511,926 $21,783,202 $19,766,088 $22,539,370 $16,423,266 $86,030,970 $14,167,477 $22,538,483 $24,463,960 $24,861,050 $114,125,083 $21,065,136 $28,511,534 $33,143,991 $31,404,422 $127,461,545 $36,755,154 $27,435,012 $38,648,627 $24,622,752 $12,715,666 $2,174,116 $3,998,150 $4,454,300 $2,089,100 $12,099,165 $2,459,340 $3,621,750 $3,339,100 $2,678,975 $15,450,619 $2,908,172 $4,266,450 $6,048,125 $1,944,455 $9,951,800 $3,569,900 $2,037,750 $2,695,500 $1,648,650 $9,245,780 $1,141,050 $3,925,436 $2,305,700 $1,873,594 $11,033,524 $691,500 $3,475,355 $3,156,840 $3,709,829 $16,187,577 $1,870,831 $5,820,946 $3,799,400 $4,696,400 $11,087,998 $6,777,898 $2,423,700 $1,264,400 $622,000 *Annual 2013 $141,202 $131,333 407 21 155 $58,496,143 $1,938,190 4 $146,316 $141,750 97 5 164 $14,319,411 $604,790 3 2 2013 1 *Annual 2012 $142,877 $135,555 $136,208 $132,370 $142,900 $125,000 $115,500 $120,000 118 102 89 395 3 11 2 15 149 156 151 154 $17,082,087 $14,347,369 $12,237,926 $52,981,849 $206,000 $970,400 $157,000 $1,289,650 South *Annual 2013 4 3 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 *Annual 2007 4 3 2 2007 1 *Annual 2006 4 3 2 2006 1 Foley 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 $126,900 $121,900 $125,000 $100,000 $99,500 $105,000 $105,000 $98,400 $88,500 $105,336 $93,000 $121,200 $107,900 $109,600 $120,000 $116,250 $124,950 $120,450 $118,950 $140,536 $140,536 $140,000 $144,900 $138,170 $159,900 $155,000 $150,000 $160,000 $169,380 $171,886 $172,199 $166,000 $185,000 $163,000 108 101 106 78 385 90 84 108 102 363 77 81 125 70 321 81 78 92 66 301 52 79 89 78 366 66 109 120 118 439 134 100 103 99 1 4 5 5 28 7 5 8 8 33 18 5 6 4 12 5 2 2 2 9 0 4 0 5 59 5 17 21 16 32 21 4 5 2 151 153 149 167 171 152 179 187 166 175 212 169 176 141 179 185 202 154 159 163 223 151 139 163 185 158 210 188 168 148 159 142 160 128 $14,466,256 $13,635,229 $15,621,676 $8,668,063 $46,466,992 $12,535,819 $9,562,247 $12,896,174 $11,410,252 $44,142,182 $8,938,130 $9,954,105 $15,217,241 $8,544,381 $41,283,790 $10,489,941 $10,090,637 $11,679,445 $8,370,767 $47,117,551 $7,540,481 $11,735,300 $14,166,945 $13,229,925 $66,568,882 $11,581,686 $16,485,280 $17,738,971 $19,649,545 $78,577,858 $22,340,375 $17,473,120 $20,296,819 $17,903,807 $71,500 $364,000 $420,150 $434,000 $1,825,149 $555,675 $305,950 $528,224 $435,300 $2,160,300 $1,058,300 $324,400 $434,600 $343,000 $1,082,650 $448,050 $138,800 $177,800 $273,000 $1,282,684 $0 $396,355 $0 $886,329 $8,487,696 $651,000 $2,417,796 $3,085,400 $2,333,500 $5,008,549 $3,275,349 $706,900 $742,400 $283,900 South continued …. Foley 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 *Annual 2007 4 3 2 2007 1 *Annual 2006 4 3 2 2006 1 $133,374 $133,326 $144,521 $109,663 $116,930 $134,964 $110,879 $115,728 $107,687 $116,925 $105,226 $119,518 $119,480 $120,100 $127,227 $127,186 $127,868 $126,141 $127,114 $156,130 $145,009 $146,165 $159,179 $170,075 $176,604 $172,291 $173,423 $173,536 $186,297 $190,402 $191,162 $181,800 $204,264 $183,714 Magnolia Springs *Annual 2013 $174,876 $125,000 17 0 202 $2,972,900 $0 4 $211,580 $175,000 5 0 248 $1,057,900 $0 3 2 2013 1 *Annual 2012 4 3 2 2012 1 *Annual 2011 4 $113,250 $186,371 $127,967 $150,699 $184,300 $128,043 $162,463 $134,700 $202,157 $153,200 $113,250 $124,900 $135,900 $110,300 $210,000 $110,300 $120,000 $95,000 $167,975 $112,000 2 7 3 23 5 7 6 5 22 5 0 0 0 0 0 0 0 0 0 0 76 210 191 198 144 177 237 236 196 181 $226,500 $1,304,600 $383,900 $3,466,076 $921,500 $896,300 $974,776 $673,500 $4,447,450 $766,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Residential Zone / Year / Quarter Avg Sale Price Median Sale Price Sold Dollar Volume Residential Sold Condos Sold Avg Days on Market Total Sold Residential Total Sold Condo South Magnolia Springs continued …. 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 $268,240 $188,835 $199,439 $188,006 $100,000 $217,731 $103,538 $290,333 $209,024 $168,880 $146,380 $310,225 $211,667 $247,854 $74,500 $163,497 $159,456 $437,600 $228,381 $129,983 $186,743 $159,100 $456,200 $250,807 $202,512 $222,133 $183,151 $448,600 $179,950 $189,000 $200,000 $113,500 $100,000 $125,000 $92,950 $148,500 $172,000 $168,000 $170,000 $131,125 $200,000 $195,000 $74,500 $179,900 $162,338 $475,000 $165,000 $120,750 $160,700 $162,000 $165,000 $176,750 $206,500 $167,429 $161,750 $215,000 5 5 7 24 2 8 8 6 18 5 5 5 3 15 1 5 4 5 24 6 8 4 5 31 4 5 14 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 384 99 140 209 236 266 157 196 294 126 258 265 686 334 371 420 149 388 164 93 195 211 121 177 84 241 208 137 $1,341,200 $944,175 $1,396,075 $4,512,150 $200,000 $1,741,850 $828,300 $1,742,000 $3,762,425 $844,400 $731,900 $1,551,125 $635,000 $3,717,808 $74,500 $817,483 $637,825 $2,188,000 $5,481,144 $779,900 $1,493,944 $636,400 $2,281,000 $7,775,027 $810,049 $1,110,667 $2,564,111 $3,140,200 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 *Annual 2013 $106,719 $87,000 144 0 169 $15,367,495 $0 4 $100,769 $75,000 25 0 188 $2,519,225 $0 3 2 2013 1 *Annual 2012 4 3 2 2012 1 *Annual 2011 4 3 2 2011 1 *Annual 2010 4 3 $120,672 $103,720 $99,974 $116,548 $162,924 $91,191 $111,074 $115,088 $100,365 $110,398 $83,308 $113,945 $96,096 $109,213 $130,179 $120,200 $75,050 $93,000 $74,900 $90,950 $143,400 $77,500 $92,000 $98,000 $76,450 $93,001 $49,500 $90,500 $97,500 $96,000 $84,000 $125,000 38 44 37 112 24 37 25 26 98 27 24 19 28 69 14 17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 157 196 137 215 226 193 206 244 178 195 143 192 184 158 134 159 $4,585,520 $4,563,700 $3,699,050 $13,053,371 $3,910,175 $3,374,052 $2,776,844 $2,992,300 $9,835,794 $2,980,744 $1,999,400 $2,164,950 $2,690,700 $7,535,675 $1,822,500 $2,043,400 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Lillian 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 $107,956 $88,294 $102,887 $118,863 $106,136 $96,404 $87,373 $119,419 $109,321 $126,317 $114,087 $123,549 $129,476 $86,447 $125,575 $148,244 $141,623 $113,600 $114,490 $113,646 $112,402 $114,946 $103,500 $74,500 $78,625 $110,000 $94,500 $61,900 $81,000 $97,500 $64,250 $107,500 $75,000 $123,500 $116,750 $64,900 $118,000 $121,250 $139,750 $80,950 $120,000 $101,000 $89,500 $75,000 16 22 84 18 28 23 13 92 14 27 27 24 86 15 29 28 14 114 25 24 27 35 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 208 135 167 169 183 185 109 167 165 183 152 168 178 177 196 165 180 128 137 111 130 118 $1,727,300 $1,942,475 $8,642,489 $2,139,540 $2,971,800 $2,217,300 $1,135,849 $10,986,570 $1,530,500 $3,410,550 $3,080,345 $2,965,175 $11,134,928 $1,296,700 $3,641,680 $4,150,820 $1,982,728 $12,950,389 $2,862,250 $2,727,499 $3,034,841 $4,023,099 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $168,993 $167,367 $176,524 $163,779 $169,617 $122,992 $151,436 $137,327 $103,885 $100,405 $155,020 $130,800 $168,358 $161,039 $143,846 $149,172 $126,246 $179,560 $166,780 $100,500 $153,355 $116,222 $161,286 $229,375 $90,000 $117,500 $124,500 $109,180 $101,900 $135,000 $112,500 $120,450 $100,105 $118,000 $92,000 $120,000 $99,950 $115,000 $124,450 $130,000 $102,500 $66,000 $152,800 $101,125 $102,500 $105,350 $88,000 $138,500 $146,250 $88,300 54 12 15 19 8 56 14 14 12 16 70 15 25 18 13 45 13 10 14 4 38 9 7 12 10 1 0 0 0 1 2 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 194 193 170 219 184 185 272 195 144 134 148 155 152 90 205 156 189 103 180 138 171 219 151 189 118 $9,179,608 $2,008,400 $2,647,858 $3,111,800 $1,411,550 $6,921,519 $2,120,099 $1,939,905 $1,246,625 $1,614,890 $10,989,551 $2,075,900 $4,208,952 $2,898,700 $1,869,999 $6,712,719 $1,641,200 $1,795,600 $2,334,919 $402,000 $5,827,500 $1,046,000 $1,129,000 $2,752,500 $900,000 $115,000 $0 $0 $0 $115,000 $212,000 $0 $120,000 $0 $92,000 $16,900 $16,900 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 South continued …. Lillian 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 Elberta *Annual 2013 4 3 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 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 $212,707 $146,383 $279,840 $148,729 $283,189 $210,428 $209,417 $191,644 $231,845 $204,719 $206,445 $342,818 $186,067 $254,777 $111,611 $179,900 $125,500 $262,500 $117,500 $239,900 $200,040 $225,000 $200,180 $199,900 $158,500 $142,250 $290,000 $142,250 $175,000 $120,750 37 6 10 12 9 46 7 11 11 16 52 11 10 11 18 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 181 168 116 220 209 130 97 220 98 105 139 182 79 158 141 $7,870,150 $878,300 $2,798,400 $1,784,750 $2,548,700 $9,679,699 $1,465,920 $2,108,080 $2,550,300 $3,275,499 $10,543,124 $3,771,000 $1,860,674 $2,802,550 $2,009,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $192,000 $0 $0 $0 $0 *Annual 2013 $170,683 $150,000 6 0 101 $1,024,100 $0 4 $235,000 $235,000 1 0 116 $235,000 $0 3 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 *Annual 2007 $325,000 $116,025 $0 $138,149 $214,167 $120,033 $91,759 $150,000 $144,727 $226,333 $85,333 $162,000 $111,000 $95,656 $118,300 $130,000 $75,200 $0 $114,738 $101,583 $127,914 $122,450 $86,000 $180,264 $165,850 $191,250 $199,500 $115,000 $218,816 $325,000 $120,250 $0 $126,500 $172,000 $97,600 $87,500 $150,000 $145,000 $185,000 $85,000 $162,000 $150,000 $81,000 $142,500 $130,000 $65,000 $0 $100,000 $100,000 $120,000 $122,450 $86,000 $169,500 $165,850 $191,250 $169,500 $115,000 $188,000 1 4 0 8 3 2 2 1 11 3 3 2 3 8 3 0 5 0 11 5 5 0 1 6 1 2 2 1 19 0 0 0 3 0 1 2 0 0 0 0 0 0 1 0 1 0 0 5 1 2 2 0 1 0 0 1 0 1 134 90 0 207 217 266 126 320 133 114 226 147 52 174 255 146 132 0 228 217 148 646 17 216 138 395 96 297 194 $325,000 $464,100 $0 $1,167,137 $642,500 $262,500 $112,137 $150,000 $1,592,000 $679,000 $256,000 $324,000 $333,000 $730,900 $354,900 $0 $376,000 $0 $1,294,500 $509,500 $699,000 $0 $86,000 $1,106,850 $165,850 $382,500 $443,500 $115,000 $4,222,310 $0 $0 $0 $352,500 $0 $97,600 $254,900 $0 $0 $0 $0 $0 $0 $130,000 $0 $130,000 $0 $0 $541,300 $100,000 $196,400 $244,900 $0 $155,000 $0 $0 $155,000 $0 $154,000 South continued .… Elberta *Annual 2008 4 3 2 2008 1 *Annual 2007 4 3 2 2007 1 *Annual 2006 4 3 2 2006 1 Bon Secour Total Residential Zone / Year / Quarter Avg Sale Price Median Sale Price Sold Dollar Volume Residential Sold Condos Sold Avg Days on Market Total Sold Residential Total Sold Condo 4 4 7 4 10 1 3 3 3 0 1 0 0 3 0 1 0 2 170 301 171 174 144 131 214 111 110 $697,910 $660,000 $1,912,400 $822,500 $1,288,300 $135,900 $347,900 $578,000 $226,500 $0 $154,000 $0 $0 $792,000 $0 $170,000 $0 $622,000 South Bon Secour continued …. 4 3 2 2007 1 *Annual 2006 4 3 2 2006 1 $174,478 $203,500 $273,200 $205,625 $208,030 $135,900 $172,633 $192,667 $282,833 $174,005 $190,000 $285,500 $192,500 $220,750 $135,900 $170,000 $215,000 $311,000 Gulf Shores - North / Inter.Coastal Waterway *Annual 2013 $182,772 $165,600 134 83 152 $28,999,076 $10,662,476 4 $188,085 $181,460 29 16 139 $6,894,506 $1,569,326 3 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 *Annual 2007 4 3 2 2007 1 *Annual 2006 4 $184,388 $185,441 $170,298 $180,388 $178,490 $166,248 $197,954 $178,528 $177,971 $156,730 $141,023 $209,899 $180,639 $171,192 $153,687 $168,277 $150,449 $223,855 $196,038 $187,509 $158,823 $194,483 $272,510 $260,059 $274,106 $222,806 $329,127 $250,456 $277,072 $271,319 $267,268 $328,391 $216,958 $250,962 $273,156 $163,800 $158,500 $167,250 $160,000 $153,500 $145,500 $205,000 $167,500 $150,000 $130,000 $124,000 $176,800 $150,000 $145,000 $149,500 $135,000 $110,000 $180,000 $160,000 $160,000 $135,900 $165,000 $249,047 $183,000 $218,500 $162,500 $252,950 $183,000 $209,500 $210,000 $220,000 $249,000 $178,200 $207,450 $185,900 32 45 28 93 29 21 28 14 107 15 20 36 35 88 17 24 21 22 77 25 19 18 15 52 10 11 11 18 47 16 19 11 20 118 31 27 26 14 78 21 24 19 14 107 18 34 38 16 64 21 15 18 9 48 6 22 11 9 35 4 13 9 8 25 1 7 2 12 24 17 137 153 186 143 124 155 149 140 174 134 133 227 173 136 125 134 105 189 199 155 170 201 303 166 203 128 216 144 159 150 184 201 121 138 104 $7,086,728 $9,682,435 $5,335,407 $20,601,259 $6,536,676 $4,441,003 $6,639,775 $2,845,805 $24,477,273 $2,836,500 $3,654,750 $10,012,600 $7,703,423 $18,359,692 $3,328,501 $4,979,450 $3,606,600 $5,755,341 $17,017,922 $5,354,771 $2,966,501 $3,757,000 $4,939,650 $13,029,281 $3,145,981 $2,268,350 $3,675,700 $3,688,350 $12,943,220 $3,932,520 $3,688,650 $2,898,300 $1,976,250 $24,579,839 $5,310,920 $3,792,150 $3,483,900 $1,817,100 $10,245,015 $2,387,840 $3,040,150 $2,664,050 $2,152,975 $13,608,570 $2,335,597 $3,960,500 $5,519,901 $1,509,155 $7,661,500 $2,511,600 $1,583,350 $2,260,900 $1,184,150 $7,486,830 $458,000 $3,545,236 $1,883,000 $1,600,594 $9,595,840 $691,500 $3,079,000 $2,906,840 $2,823,500 $7,005,950 $679,900 $1,389,450 $714,000 $2,362,900 $5,033,720 $3,156,920 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 $1,980,504 $8,752,950 $8,535,465 $1,546,800 $330,000 $0 South Gulf Shores - North / Inter.Coastal Waterway continued …. 3 2 2006 1 $235,154 $283,842 $213,387 $218,000 $237,400 $190,450 15 32 40 6 1 0 148 163 139 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 warrant y, express or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or completeness of any information, nor represen ts 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 depley@southalabama.edu Email: Phone: 251.460.6735 MLS: 251.947.3777 This report completed by: Andrea Justiniano, Research Associate Center for Real Estate & Economic Development Mitchell College of Business