Baldwin County, AL Residential Market Report – May 2011

(Total, North, Eastern Shore, Central, South, Gulf Beach)

Prices: The average sales price in Baldwin County for May increased 6.55 percent to $221,678 from $208,055 in April. The median sales price decreased 0.32 percent to $156,000. Median sale prices increased in North by 3.06 percent and in Eastern Shore by 28.54 percent. Median sale prices decreased in Central by 13.95 percent, in South by 3.59 percent, and in Gulf Beach by 9.09 percent in May, 2011.

Sales: Sales for the entire county fell from 373 to 358, or 4.02 percent. North Baldwin showed a total of 14 sales, an increase of 55.56 percent compared to April. Sales in Eastern Shore also increased from 106 to 110 in May, or 3.77 percent. Gulf Beach decreased 6.21 percent, having a total of 136 sales compared to 145 sales in April. Central sales decreased 43.75 percent, or from 32 to 18 sales, and South decreased 1.23 percent by a change of one sale less than the total of 81 sales in April.

Days on Market: Average days on the market for the whole county decreased from 196 in April to 189 in May, a 3.57 percent change. Eastern Shore increased by 27.61 percent, or from 163 to 208. Decreases resulted in North Baldwin, by 57.31 percent, Central Baldwin, by 10.66 percent, South Baldwin, by 17.37 percent, and Gulf Beach, by 10.31 percent – as compared to the previous month.

U.S.: The number of homes sold in the U.S. increased by 36.3 percent in March, 2011. The median sales price rose 2.4 percent to $159,800, and the average sales price rose to $207,300, a 2.50 percent change. The number of months required to sell the existing inventory decreased to 8.3. The National Association of Realtors recommends a 6 to 8 month range for a healthy market.

Overall, the Baldwin residential market showed an increase in all aspects compared to last year. Eastern Shore showed significant increases compared to both April and last year. Also, North Baldwin showed a 55.56 percent increase from April in number of sales, which, compared to last year, is a 250 percent increase.

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.FairhopeHomeSearch.com.