Real Estate Data for Baldwin County - Dec 2018

We all like to look at dozens of pictures and read the detailed descriptions of properties that are on the market but to make an informed decision, you need to look at the numbers.  Yes, it’s less glamorous but necessary.

Baldwin County Real Estate Statistics are out for December 2018!  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 average ratio of listing price to selling price.  

All of the figures below are generated from the real estate activity from Baldwin County in December 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 Dec 2018 Page1

Baldwin County Market Update Dec 2018 Page2

Homes Sold in Baldwin County

ORANGE BEACH REAL ESTATE

Single Family Homes

  • 24 homes were sold
  • Average list price – $533,423
  • Average selling price – $517,044
  • Selling to listing ratio – 97%
  • Average days on the market – 56
  • Price per square foot – $209
  • Average square feet of homes sold – 2,404

Condos

  • 47 condos were sold
  • Average list price – $480,816
  • Average selling price – $463,167
  • Selling to listing ratio – 96%
  • Average days on the market – 127
  • Price per square foot – $309
  • Average square feet of condos sold – 1,533

GULF SHORES REAL ESTATE

Single Family Homes

  • 41 homes were sold
  • Average list price – $311,242
  • Average selling price – $300,248
  • Selling to listing ratio – 96%
  • Average days on the market – 75
  • Price per square foot – $154
  • Average square feet of homes sold – 2,025

Condos

  • 48 condos were sold
  • Average list price – $290,845
  • Average selling price – $280,755
  • Selling to listing ratio – 96%
  • Average days on the market – 87
  • Price per square foot – $273
  • Average square feet of condos sold – 1,073

FOLEY REAL ESTATE

  • 60 homes were sold
  • Average list price – $209,970
  • Average selling price – $204,541
  • Selling to listing ratio – 97%
  • Average days on the market – 80
  • Price per square foot – $107
  • Average square feet of homes sold – 1,934

FAIRHOPE REAL ESTATE

  • 59 homes were sold
  • Average list price – $348,252
  • Average selling price – $335,647
  • Selling to listing ratio – 97%
  • Average days on the market – 101
  • Price per square foot – $159
  • Average square feet of homes sold – 2,231

DAPHNE REAL ESTATE

  • 53 homes were sold
  • Average list price – $239,843
  • Average selling price – $233,080
  • Selling to listing ratio – 97%
  • Average days on the market – 92
  • Price per square foot – $105
  • Average square feet of homes sold – 2,222

SPANISH FORT REAL ESTATE

  • 28 homes were sold
  • Average list price – $288,468
  • Average selling price – $280,219
  • Selling to listing ratio – 97%
  • Average days on the market – 97
  • Price per square foot – $113
  • Average square feet of homes sold – 2,550

Just when you thought everyone was tapping out from buying Christmas presents, the Baldwin County real estate market had another great month.  A whopping 360 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 96% to 97% off the list price depending on what city you’re analyzing.

With an average of over 11.6 closings every single day in December (during the holiday season), 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 $36 less per square foot (on average) than their sister city, Orange Beach.
  • For single family homes “close” to the beach, Foley homes are selling for nearly $102 a foot less than those in Orange Beach and $47 less per foot than single family homes in Gulf Shores.
  • For single family homes on the Eastern Shore, Daphne homes are the least expensive selling at $105 per foot, followed by Spanish Fort at $113, and then by Fairhope at $159 per foot.
  • For single family homes, Daphne has the best deal at $105 per foot followed closely by Foley 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 real estate statistics for these cities.  

Real Estate and Community Guides for:

Spanish Fort
Daphne
Fairhope
Foley
Gulf Shores
Orange Beach

Real Estate MLS Sold Stats - Dec 2019

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

  • 154 homes for sale
  • Average list price – $692,219
  • Average price per square foot – $356
  • Average days on the market – 152
  • Median house size – 1,940

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

  • 299 homes for sale
  • Average list price – $560,303
  • Average price per square foot – $237
  • Average days on the market – 139
  • Median house size – 2,135 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

  • 248 homes for sale
  • Average list price – $251,194
  • Average price per square foot – $133
  • Average days on the market – 115
  • Median house size – 1,872 square feet

FAIRHOPE REAL ESTATE

  • 341 homes for sale
  • Average list price – $531,286
  • Average price per square foot – $203
  • Average days on the market – 132
  • Median house size – 2,521 square feet

DAPHNE REAL ESTATE

  • 257 homes for sale
  • Average list price – $323,546
  • Average price per square foot – $124
  • Average days on the market – 117
  • Median house size – 2,482 square feet

SPANISH FORT REAL ESTATE

  • 156 homes for sale
  • Average list price – $340,519
  • Average price per square foot – $130
  • Average days on the market – 122
  • Median house size – 2,392 square feet

Overall Residential Report

TOTAL RESIDENTIAL SALES

For the month of December, there were a total of 450 sales for both single family homes and condos.  This is a 4.3% decrease over homes that were sold in December of 2017.

Breakdown of sales:
 12/201712/2018
Single Family Homes235236
Condos11397
New Construction122117

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 decreased 3.3% from the same time last year.

Breakdown of median sale prices:
 12/201712/2018
Single Family Homes$198,900$220,000
Condos$339,000$323,000
New Construction$261,000$219,000
   

AVERAGE SALES PRICES

Average = taking the sum and dividing it by the number of prices.  The average sales price is 5/9% lower than from December a year ago.

Breakdown of average sale prices:
 12/201712/2018
Single Family Homes$272,024$256,790
Condos$371,602$378,081
New Construction$286,168$252,776
   

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 9.1% decrease for time on the market.

Breakdown of time on the market:
 12/201712/2018
Single Family Homes9071
Condos8794
New Construction128125

TOTAL LISTINGS

There was only a 17.3% increase in total listings from a year ago.

Breakdown of listings:
 12/201712/2018
Single Family Homes1,4801,715
Condos668778
New Construction649789
   

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 7.3 months supply which is a 22.5% increase from a year ago. 

These numbers indicate that there are more homes and condos for sale than there are buyers.  Baldwin County is currently in a buyer’s market and generally should be able to realize a reduction off the list price.

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.