Real Estate Market Report for Baldwin County - April 2018

For those who like to dive into the less glamorous side of real estate, here is your comprehensive guide for home stats in April!

Baldwin County Real Estate Statistics 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 April 2018 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.

KEEP SCROLLING PAST THIS INFOGRAPHIC FOR MUCH MORE DETAIL

Baldwin County Market Update Infographic April 2018

Baldwin County Real Estate Market Update Infographic - April 2018

Homes Sold in Baldwin County

ORANGE BEACH REAL ESTATE

Single Family Homes

  • 22 homes were sold
  • Average list price – $436,479
  • Average selling price – $411,525
  • Selling to listing ratio – 94%
  • Average days on the market – 141
  • Price per square foot – $203
  • Average square feet of homes sold – 1,948

Condos

  • 96 condos were sold
  • Average list price – $478,490
  • Average selling price – $461,471
  • Selling to listing ratio – 96%
  • Average days on the market – 82
  • Price per square foot – $328
  • Average square feet of condos sold – 1,423

GULF SHORES REAL ESTATE

Single Family Homes

  • 47 homes were sold
  • Average list price – $465,574
  • Average selling price – $439,148
  • Selling to listing ratio – 95%
  • Average days on the market – 160
  • Price per square foot – $200
  • Average square feet of homes sold – 2,213

Condos

  • 57 condos were sold
  • Average list price – $312,537
  • Average selling price – $302,956
  • Selling to listing ratio – 96%
  • Average days on the market – 72
  • Price per square foot – $270
  • Average square feet of condos sold – 1,157

FOLEY REAL ESTATE

  • 79 homes were sold
  • Average list price – $198,315
  • Average selling price – $192,994
  • Selling to listing ratio – 97%
  • Average days on the market – 92
  • Price per square foot – $104
  • Average square feet of homes sold – 1,834

FAIRHOPE REAL ESTATE

  • 86 homes were sold
  • Average list price – $402,985
  • Average selling price – $386,448
  • Selling to listing ratio – 97%
  • Average days on the market – 90
  • Price per square foot – $156
  • Average square feet of homes sold – 2,418

DAPHNE REAL ESTATE

  • 86 homes were sold
  • Average list price – $254,304
  • Average selling price – $249,790
  • Selling to listing ratio – 98%
  • Average days on the market – 86
  • Price per square foot – $107
  • Average square feet of homes sold – 2,333

SPANISH FORT REAL ESTATE

  • 42 homes were sold
  • Average list price – $288,026
  • Average selling price – $283,861
  • Selling to listing ratio – 99%
  • Average days on the market – 114
  • Price per square foot – $112
  • Average square feet of homes sold – 2,521

Well, you can tell that it’s getting warm out there.  As a matter of fact, I think we skipped Spring and jumped right into Summer time.  A whopping 515 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 sales, 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 94% to 99% off the list price depending on what city you’re in.

With an average of over 17 closings every single day in April, I would say that the market is hot in Baldwin County.

Recap based on April’s statistics:

  • If you’re buying a condo at the beach, units in Gulf Shores are selling for $58 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 nearly $100 a foot less than those in Gulf Shores and Orange Beach.
  • For single family homes on the Eastern Shore, Daphne homes are the least expensive selling at $107 per foot, followed by Spanish Fort at $112, and then by Fairhope at $156 per foot.
  • For single family homes, Foley has the best deal at $104 per foot followed closely by Daphne at $107.

Understand that in this article I’m only covering the 6 major cities of Baldwin County.  Towns like Robertsdale, Loxley, or Elberta may even be a better deal.  Contact me for the figures.  

Real Estate and Community Guides for:

Spanish Fort
Daphne
Fairhope
Foley
Gulf Shores
Orange Beach

Residential Sold Stats

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

Homes for Sale Baldwin County

ORANGE BEACH REAL ESTATE

Single family homes

  • 186 homes for sale
  • Average list price – $675,636
  • Average price per square foot – $353
  • Average days on the market – 158
  • Median house size – 2,381

Condos

  • 349 condos for sale
  • Average list price – $608,409
  • Average price per square foot – $347
  • Average days on the market – 146
  • Median condo size – 1,663 square feet

GULF SHORES REAL ESTATE

Single family homes

  • 297 homes for sale
  • Average list price – $546,693
  • Average price per square foot – $235
  • Average days on the market – 190
  • Median house size – 2,200 square feet

Condos

  • 345 condos for sale
  • Average list price – $472,114
  • Average price per square foot – $308
  • Average days on the market – 188
  • Median condo size – 1,534 square feet

FOLEY REAL ESTATE

  • 193 homes for sale
  • Average list price – $255,220
  • Average price per square foot – $133
  • Average days on the market – 103
  • Median house size – 1,900 square feet

FAIRHOPE REAL ESTATE

  • 361 homes for sale
  • Average list price – $529,681
  • Average price per square foot – $184
  • Average days on the market – 123
  • Median house size – 2,680 square feet

DAPHNE REAL ESTATE

  • 278 homes for sale
  • Average list price – $334,217
  • Average price per square foot – $123
  • Average days on the market – 102
  • Median house size – 2,493 square feet

SPANISH FORT REAL ESTATE

  • 156 homes for sale
  • Average list price – $333,162
  • Average price per square foot – $122
  • Average days on the market – 106
  • Median house size – 2,426 square feet

Overall Residential Report

TOTAL RESIDENTIAL SALES

For the month of April, there were a total of 645 sales for both single family homes and condos.  This is a 1.6% increase over homes that were sold in April of 2017.

Breakdown of sales:
 04/201704/2018
Single Family Homes387347
Condos147162
New Construction70136

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 8.9% gain from the same time last year.

Breakdown of median sale prices:
 04/201704/2018
Single Family Homes$198,000$215,000
Condos$295,000$358,750
New Construction$284,950$258,719
   

AVERAGE SALES PRICES

Average = taking the sum and dividing it by the number of prices.  The average sales price is 11.6% higher than from April a year ago.

Breakdown of average sale prices:
 04/201704/2018
Single Family Homes$254,571$276,013
Condos$339,228$420,516
New Construction$305,244$271,168
   

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 38.5% decrease for time on the market.

Breakdown of time on the market:
 04/201704/2018
Single Family Homes13578
Condos15571
New Construction157134

TOTAL LISTINGS

There was only a 10.8% increase in total listings from a year ago.

Breakdown of listings:
 04/201704/2018
Single Family Homes1,7351,586
Condos723747
New Construction193586
   

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 balanced at a 6 months supply.

Baldwin County has a 4.5 months supply which is a 10.2% decrease from 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