2015 Year Over Year Residential Sales In Baldwin County Up 12 Percent

Dated: 02/02/2016

Views: 1775

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For Baldwin County, Alabama (the 12th fastest-growing county in the country, according to the U.S. Census Bureau), residential real estate continues to be in demand. 2015 figures across the board reflect a a strong upward trend that shows few signs of abating


All Residential Sales in Baldwin County


According to the Alabama Center for Real Estate at the University of Alabama’s Culverhouse College of Commerce, residential sales in 2015 surpassed 2014 by 12 percent (5,230 units sold in 2015 versus 4,669 in 2014). To boot, the medium sales price last year was $205,584, or 6.1 percent higher than 2014's price of $197,488. When compared to the 5-year average (2010-2014), these numbers jump to 32.4 percent and 19.5 percent respectively! 


At the same time, the inventory-to-sales ratio, a key measure which tells us the number of months of supply, fell by 12 percent in 2015 when compared to 2014. A lower ratio - fewer months of supply - tells us the demand for housing is healthy. A higher ratio signifies that demand is cooling off.


All Condo Sales in Baldwin County


Buyers purchased 1,559 condos in 2015 up from 1,408 condos in 2014, or a 10.7 percent increase. The 2015 medium sales price was $257,273 versus $245,269, an increase of 4.8 percent.


Of these, buyers purchased approximately 753 Gulf-front condos. Key statistics (by number of bedrooms and list price) behind these waterfront sales are as follows:


LIST PRICE<$150K$151-$200K$201-$250K$251-$300K$301-$400K$401K+
ONE (1) BEDROOM 
# of Units Sold302345377 
Medium Sales Price$124,375$170,000$227,000$255,000$352,000 
Sale Price as % of List Price95.66%95.99%96.07%96.11%97.29% 
Average Price per Square Foot$219.50$279.66$327.59$338.75$405.71 
Average Days on Market112.5105685431 
 TWO (2) BEDROOM 
# of Units Sold 319166
Medium Sales Price $185,000$222,000$265,000$336,000$419,500
Sale Price as % of List Price 92.98%96.52%96.2%95.48%96.12%
Average Price per Square Foot $237.27$222$279.37$301.04$309
Average Days on Market 1634778129167
LIST PRICE$300-400K$401-$450K$451-$500K$501-$600K$601-$700K$701-$800+$801+
THREE (3) BEDROOM 
# of Units Sold8487422925 1112 
Medium Sales Price$356,500$412,000$453,500$530,000$625,000$700,000 $950,000
Sale Price as % of List Price96.62%96.42%96.05%95.63%96.95% 95.46%96.13%
Average Price per Square Foot$275$296.43$291$313.04$330.28 $348.39 $410
Average Days on Market137.5106134.5100160 79163.5
LIST PRICE$450-600K$601-$750K$751-$900K$901K-$1.2M$1.2M +
FOUR (4) BEDROOM 
# of Units Sold41481312
Medium Sales Price$510,000$657,500$752,500$930,000$1,4M
Sale Price as % of List Price96.83%95.47%94.08%95.85%97.90%
Average Price per Square Foot$246.50$279$338.50$358.20$400
Average Days on Market289188.5281.5109302

To see currently-available waterfront condos, just click on the links below: 


Orange Beach Condos and Gulf Shores Condos


Just give me a call at (251) 942-3141 for more information or to view a property.


***


Christine Slaughter is an associate real estate broker with Realty Executives of Gulf Shores, Alabama. Originally from Australia (she moved to Alabama’s stunning coast nearly 30 years ago), her love of the sand, sun and seafood are deeply-rooted in her soul. If you are looking to buy or sell along the Alabama coast (or Florida), you can reach Christine directly at (251) 942-3141 or email her at Christine@ChristineSlaughter.com.


Be sure to follow Christine online at ChristineSlaughter.com, on Twitter@ChristinesCoast or Facebook at ChristineSlaughterRealtor. Let Christine help you catch the real estate wave in 2016!

1 comments in this topic

  • Posted by Erodriguezjr1415
    02/04/2016
    I would like to see some photos of condos with 2bd, 2bh, gulf view, gym,sauce, and hot tub. (275k)

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