September Sales for Baldwin County, AL

September Sales for Baldwin County
October 5, 2010

Total closed sales for single family residences Baldwin County, per the Baldwin County MLS, in September 2010 were as follows:

We had a total of 211 closed sales compared to 254 for September 2009.  That’s a decrease of 17% from last year.

Of those sales, 151 were at $200K or less (accounting for 72% of total sales) – with a median sales price of $67/sf.  Compared to 72% at $77/sf in September 2009.

45 homes sold in the $200-$400K range (21%) – median price of $100/sf.  Last year this range accounted for 19% of sales with median prices at $104/sf.

We had 15 sales in the $400K and over range (7%) – median price of $137/sf.  Compared to 24 sales last year (9%) at $150/sf median prices.

Total YTD sales for single family homes are at 2,098 this year with a mean price of $80/sf.  Compared to last year with 1,884 sales with a mean of $86/sf.  This is an 11% increase  in total sales YTD over 2009 with a median price decrease of 7%.

In short , we’re still up in our YTD sales numbers, but September was slow.  Houses on the mid to high end seem to be holding their own compared to last year while the under $200K market has taken a hit.  Most experts feel that there is pent up demand to buy – but the uncertain climate, stemming primarily from high unemployment numbers, is holding back our full recovery.  It’ll be interesting to see how 2010 finishes of in the last quarter.

I’m working on beach condo sales and individual areas within Baldwin County and should have those numbers out within the next few days.

As always, if you’d like more information on the Fairhope, Orange Beach, Gulf Shores, Daphne or Baldwin County  markets, or on specific properties down here, feel free to email me at Terryl@FairhopeRealtyGroup.com; or call me at 251-990-8838.
You can also visit my web-site and search the MLS on your own at www.FairhopeRealtyGroup.com.