October Sales for Baldwin County, AL

October Sales for Baldwin County
November 2, 2010

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

We had a total of 138 closed sales compared to 156 for October 2009.  That’s a decrease of 12% from last year.

Of those sales, 101 were at $200K or less (accounting for 73% of total sales) – with a median sales price of $65/sf.  Compared to 70% at $76/sf in October 2009.

27 homes sold in the $200-$400K range (20%) – median price of $101/sf.  Last year this range accounted for 24% of sales with median prices at $111/sf.

We had 10 sales in the $400K and over range (7%) – median price of $162/sf.  Compared to 9 sales last year (6%) at $218/sf median prices.

Total YTD sales for single family homes are at 1,832 this year with a mean price of $81/sf.  Compared to last year with 1,682 sales with a mean of $88/sf.  This is an 8% increase  in total sales YTD over 2009 with a median price decrease of 8%.

In short , we’re still up in our YTD sales numbers, but September and October were slow.  The 12% decrease from last year seemed to be equally distributed among the lower and higher end homes.  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 the election effects consumer confidence – if at all.

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.