Real Estate Market Report for Baldwin County November 2017

The numbers are out!  Below you will find the major cities and real estate markets in Baldwin County AL, including information on both, Sold and Active homes.  You’ll see average prices, how many days on the market, average price per square foot, and the ratio of selling price to listing price.  

All of the figures below are generated from the real estate activity from Baldwin County in November 2017 for the cities of Orange Beach, Gulf Shores, Foley, Fairhope, Daphne, and Spanish Fort.  This data does not include real estate sales from the smaller towns of the county.

Homes That Have Sold in Baldwin County

Orange Beach Real Estate

Single Family Homes

  • 14 homes were sold
  • Average list price – $481,152
  • Average selling price – $452,801
  • Selling to listing ratio – 93%
  • Average days on the market – 171
  • Price per square foot – $318
  • Average square feet of homes sold – 1,905

Condos

  • 43 condos were sold
  • Average list price – $466,562
  • Average selling price – $450,550
  • Selling to listing ratio – 96%
  • Average days on the market – 87
  • Price per square foot – $333
  • Average square feet of condos sold – 1,387

Gulf Shores Real Estate

Single Family Homes

  • 36 homes were sold
  • Average list price – $398,255
  • Average selling price – $386,031
  • Selling to listing ratio – 97%
  • Average days on the market – 96
  • Price per square foot – $157
  • Average square feet of homes sold – 2,421

Condos

  • 41 condos were sold
  • Average list price – $282,351
  • Average selling price – $272,247
  • Selling to listing ratio – 96%
  • Average days on the market – 92
  • Price per square foot – $254
  • Average square feet of condos sold – 1,086

Foley Real Estate

  • 55 homes were sold
  • Average list price – $195,881
  • Average selling price – $189,460
  • Selling to listing ratio – 96%
  • Average days on the market – 85
  • Price per square foot – $99
  • Average square feet of homes sold – 1,862

Fairhope Real Estate

  • 50 homes were sold
  • Average list price – $363,171
  • Average selling price – $354,326
  • Selling to listing ratio – 97%
  • Average days on the market – 96
  • Price per square foot – $145
  • Average square feet of homes sold – 2,484

Daphne Real Estate

  • 43 homes were sold
  • Average list price – $275,636
  • Average selling price – $266,562
  • Selling to listing ratio – 97%
  • Average days on the market – 123
  • Price per square foot – $115
  • Average square feet of homes sold – 2,288

Spanish Fort Real Estate

  • 22 homes were sold
  • Average list price – $292,321
  • Average selling price – $286,685
  • Selling to listing ratio – 98%
  • Average days on the market – 125
  • Price per square foot – $114
  • Average square feet of homes sold – 2,531

Who says that homes don’t sell in November?  304 single family homes and condos sold last month for the major cities of Baldwin County.  And, that doesn’t even include the smaller towns of the county, commercial, or land sales.  You can tell by looking at the selling to listing ratio that Baldwin is still in a buyer’s market with buyers getting anywhere from 7% off the list price in Orange Beach to 2% reduction in Spanish Fort.  

With an average of 10 closings every single day in November, I would say that the market is hot in Baldwin County.

Recap based on November’s statistics:

  • If you’re buying a condo, units in Gulf Shores are selling for $79 less per square foot (on average) than their sister city, Orange Beach.
  • Are you wanting to buy a single family home near the Gulf Coast?  Foley homes are selling for $150-$230 a foot less than those in Gulf Shores and Orange Beach.
  • For single family homes on the Eastern Shore, Spanish Fort has the lowest price per square foot at $114, followed by Daphne then Fairhope.

Real Estate and Community Guides for:

Spanish Fort
Daphne
Fairhope
Foley
Gulf Shores
Orange Beach

Baldwin Co. MLS Stats

Click on the image above to use this interactive stat maker.  Click then scroll down.d

Homes for Sale in Baldwin County

Orange Beach Real Estate

Single family homes

  • 166 homes for sale
  • Average list price – $683,001
  • Average price per square foot – $345
  • Average days on the market – 168
  • Median house size – 2,156

Condos

  • 298 condos for sale
  • Average list price – $574,053
  • Average price per square foot – $349
  • Average days on the market – 159
  • Median condo size – 1,628 square feet

Gulf Shores Real Estate

Single family homes

  • 303 homes for sale
  • Average list price – $523,090
  • Average price per square foot – $229
  • Average days on the market – 192
  • Median house size – 2,101 square feet

Condos

  • 316 condos for sale
  • Average list price – $455,808
  • Average price per square foot – $307
  • Average days on the market – 160
  • Median condo size – 1,468 square feet

Foley Real Estate

  • 241 homes for sale
  • Average list price – $227,850
  • Average price per square foot – $111
  • Average days on the market – 109
  • Median house size – 2,027 square feet

Fairhope Real Estate

  • 358 homes for sale
  • Average list price – $530,324
  • Average price per square foot – $179
  • Average days on the market – 135
  • Median house size – 2,842 square feet

Daphne Real Estate

  • 307 homes for sale
  • Average list price – $315,454
  • Average price per square foot – $117
  • Average days on the market – 130
  • Median house size – 2,495 square feet

Spanish Fort Real Estate

  • 168 homes for sale
  • Average list price – $337,534
  • Average price per square foot – $121
  • Average days on the market – 118
  • Median house size – 2,497 square feet

Overall Residential Report for Baldwin County

Total Residential Sales

For the month of November, there were a total of 438 sales for both single family homes and condos.  This is a 9.2% increase over homes that were sold in November of 2016.

Breakdown of sales:

11/201611/2017
Single Family Homes242221
Condos121111
New Construction38106

Median Sales Prices

Median = the middle value, out of all the home prices this is the price in the exact middle – not average.  Half of the prices are listed both above and below.

The median sales price has increased with a 4.2% gain from the same time last year.

Breakdown of median sale prices:
 11/201611/2017
Single Family Homes$201,250220,000
Condos$309,000315,000
New Construction$261,760247,520
   

Average Sales Prices

Average = taking the sum and dividing it by the number of prices.  The average sales price is 2.9% higher than November a year ago.  It’s safe to say that homes, in general, have appreciated about 3%.

Breakdown of average sale prices:
 11/201611/2017
Single Family Homes$261,600$268,258
Condos$324,611$349,755
New Construction$266,912$269,303
   

Days on the Market

Days on the market is a great indicator of the pulse of the real estate market.  You can see here that demand is much larger this year than last year.  These numbers indicate a 38% decrease for time on the market.

Breakdown of time on the market:
 11/201611/2017
Single Family Homes15881
Condos157112
New Construction156119

Total Listings

There was only a .4% increase in total listings from a year ago.

Breakdown of listings:
 11/201611/2017
Single Family Homes1,6911,374
Condos803674
New Construction198656
   

Inventory to Sales Ratio

Months of supply = the inventory for sale divided by the current monthy sales volume.  The real estate market is said to be equal at a 6 months supply.

Baldwin County has a 6.2 months supply which is a -8% decrease over a year ago. 

These numbers indicate signs that demand is overtaking supply, resulting in an eventual seller’s market.

For additional information about homes or condos that are for sale in Baldwin County, please contact me at:

Jeff Nelson
IXL Real Estate – Eastern Shore
251-654-2523
jeff@livegulfshoreslocal.com

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.