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 2012 Quarter 4 This report is available on the Center for Real Estate Studies website: 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 $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 $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 $154,950 687 183 182 179 140 693 155 161 188 188 597 126 145 196 130 561 149 148 154 110 516 88 142 150 136 594 114 157 166 157 653 177 157 187 132 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 2 165 162 166 158 175 171 156 165 190 170 165 184 158 164 151 186 179 195 178 193 169 203 162 154 173 178 156 207 183 160 146 151 135 163 129 $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 $12,099,165 $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 $132,370 $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 $120,000 $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 $109,600 395 108 101 106 78 385 90 84 108 102 363 77 81 125 70 15 1 4 5 5 28 7 5 8 8 33 18 5 6 4 154 151 153 149 167 171 152 179 187 166 175 212 169 176 141 $52,981,849 $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 $1,289,650 $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 South *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 Foley *Annual 2012 2012 4 2012 3 2012 2 2012 1 *Annual 2011 4 3 2 2011 1 *Annual 2010 4 3 2 2010 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 $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 $163,000 321 81 78 92 66 301 52 79 89 78 366 66 109 120 118 439 134 100 103 99 12 5 2 2 2 9 0 4 0 5 59 5 17 21 16 32 21 4 5 2 179 185 202 154 159 163 223 151 139 163 185 158 210 188 168 148 159 142 160 128 $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 $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 $110,300 $210,000 $110,300 $120,000 $95,000 $167,975 $112,000 $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 23 5 7 6 5 22 5 5 5 7 24 2 8 8 6 18 5 5 5 3 15 1 5 4 5 24 6 8 4 5 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 0 0 198 144 177 237 236 196 181 384 99 140 209 236 266 157 196 294 126 258 265 686 334 371 420 149 388 164 93 195 211 121 $3,466,076 $921,500 $896,300 $974,776 $673,500 $4,447,450 $766,000 $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 $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 $0 $0 South continued …. Foley *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 $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 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 $150,699 $184,300 $128,043 $162,463 $134,700 $202,157 $153,200 $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 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 …. *Annual 2006 4 3 2 2006 1 $250,807 $202,512 $222,133 $183,151 $448,600 $176,750 $206,500 $167,429 $161,750 $215,000 31 4 5 14 7 0 0 0 0 0 177 84 241 208 137 $7,775,027 $810,049 $1,110,667 $2,564,111 $3,140,200 $0 $0 $0 $0 $0 $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 $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 $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 $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 $75,000 112 24 37 25 26 98 27 24 19 28 69 14 17 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 0 0 0 0 0 0 0 0 0 0 0 0 0 215 226 193 206 244 178 195 143 192 184 158 134 159 208 135 167 169 183 185 109 167 165 183 152 168 178 177 196 165 180 128 137 111 130 118 $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 $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 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $122,992 $151,436 $137,327 $103,885 $100,405 $155,020 $130,800 $168,358 $161,039 $112,500 $120,450 $100,105 $118,000 $92,000 $120,000 $99,950 $115,000 $124,450 56 14 14 12 16 70 15 25 18 2 0 1 0 1 1 1 0 0 185 272 195 144 134 148 155 152 90 $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 $212,000 $0 $120,000 $0 $92,000 $16,900 $16,900 $0 $0 Lillian *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 Elberta *Annual 2012 2012 4 2012 3 2012 2 2012 1 *Annual 2011 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 $143,846 $149,172 $126,246 $179,560 $166,780 $100,500 $153,355 $116,222 $161,286 $229,375 $90,000 $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 $130,000 $102,500 $66,000 $152,800 $101,125 $102,500 $105,350 $88,000 $138,500 $146,250 $88,300 $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 13 45 13 10 14 4 38 9 7 12 10 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 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 205 156 189 103 180 138 171 219 151 189 118 181 168 116 220 209 130 97 220 98 105 139 182 79 158 141 $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 $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 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $192,000 $0 $0 $0 $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 $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 8 3 2 2 1 11 3 3 2 3 8 3 0 5 0 11 5 5 0 1 6 1 2 2 3 0 1 2 0 0 0 0 0 0 1 0 1 0 0 5 1 2 2 0 1 0 0 1 207 217 266 126 320 133 114 226 147 52 174 255 146 132 0 228 217 148 646 17 216 138 395 96 $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 $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 South continued .… Elberta 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 Bon Secour *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 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 1 19 4 4 7 4 10 1 3 3 3 0 1 0 1 0 0 3 0 1 0 2 297 194 170 301 171 174 144 131 214 111 110 $115,000 $4,222,310 $697,910 $660,000 $1,912,400 $822,500 $1,288,300 $135,900 $347,900 $578,000 $226,500 $0 $154,000 $0 $154,000 $0 $0 $792,000 $0 $170,000 $0 $622,000 143 124 155 149 140 174 134 133 227 173 136 125 134 105 189 199 155 170 201 303 166 203 128 216 144 159 150 184 201 121 138 104 148 163 139 $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 $1,980,504 $8,752,950 $8,535,465 $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 $1,546,800 $330,000 $0 South Bon Secour continued …. 2008 1 *Annual 2007 4 3 2 2007 1 *Annual 2006 4 3 2 2006 1 $115,000 $218,816 $174,478 $203,500 $273,200 $205,625 $208,030 $135,900 $172,633 $192,667 $282,833 $115,000 $188,000 $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 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 $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 $235,154 $283,842 $213,387 $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 $218,000 $237,400 $190,450 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 15 32 40 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 6 1 0 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; 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 South 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 Email: depley@usouthal.edu Phone: 251.460.6735 MLS: 251.947.3777 This report completed by: Meredith McCutchen, Researcher Center for Real Estate Studies Mitchell College of Business