Even though we’re in the heart of the “off season”, you’ll see that the real estate market in Baldwin is going as strong as ever.  While the coronavirus didn’t really effect real estate at this point, you’ll find out in March’s report that even though the market does slow down, it keeps moving here.

If you’re interested in the real estate market of Baldwin County (whether buying or selling a home), I think you’ll find this page very useful.  This is the most comprehensive page on real estate market data that you’ll find in the area.

Keep reading below and please let me know if you have any questions about our area and real estate conditions.

Baldwin Real Estate Data for February 2020

Find Much More Real Estate Stats for Baldwin County Following the Infographic

ORANGE BEACH REAL ESTATE

Single Family Homes

• 30 homes were sold
• Average list price – $521,750
• Average selling price – $481,143
• Selling to listing ratio – 93%
• Average days on the market – 102
• Price per square foot – $297
• Average square feet of homes sold – 1,964

Condos

• 58 condos were sold
• Average list price – $516,084
• Average selling price – $497,718
• Selling to listing ratio – 96%
• Average days on the market – 101
• Price per square foot – $365
• Average square feet of condos sold – 1,370

GULF SHORES REAL ESTATE

Single Family Homes

• 41 homes were sold
• Average list price – $412,475
• Average selling price – $401,511
• Selling to listing ratio – 97%
• Average days on the market – 131
• Price per square foot – $201
• Average square feet of homes sold – 2,091

Condos

• 44 condos were sold
• Average list price – $313,993
• Average selling price – $304,020
• Selling to listing ratio – 96%
• Average days on the market – 89
• Price per square foot – $281
• Average square feet of condos sold – 1,137

FOLEY REAL ESTATE

• 53 homes were sold
• Average list price – $216,775
• Average selling price – $212,559
• Selling to listing ratio – 98%
• Average days on the market – 60
• Price per square foot – $115
• Average square feet of homes sold – 1,819

FAIRHOPE REAL ESTATE

• 57 homes were sold
• Average list price – $419,447
• Average selling price – $403,511
• Selling to listing ratio – 97%
• Average days on the market – 94
• Price per square foot – $153
• Average square feet of homes sold – 2,581

DAPHNE REAL ESTATE

• 78 homes were sold
• Average list price – $268,093
• Average selling price – $263,865
• Selling to listing ratio – 98%
• Average days on the market – 84
• Price per square foot – $111
• Average square feet of homes sold – 2,358

SPANISH FORT REAL ESTATE

• 41 homes were sold
• Average list price – $315,843
• Average selling price – $303,015
• Selling to listing ratio – 96%
• Average days on the market – 123
• Price per square foot – $125
• Average square feet of homes sold – 2,382

So just when you think everything that has to do with real estate slows down during the winter, we see that 426 homes and condos sold in February in Baldwin County.  Also, this doesn’t include land sales or commercial properties.  For quite some time Baldwin County has been in a slight buyer’s market and that remains the case with this listing to selling price ratio at 96%.  Buyers for the most part are able to get an average of 4% off the asking price.

With nearly 15 closings every day of the month in February, I would say that Baldwin is doing quite well and creating a big draw for home buyers from all over the country.

Recap based on February statistics:

• If you’re thinking about buying a condo at the beach, Gulf Shores is cheaper than Orange Beach by an average of $84 per square foot.
• Do you want a single family home near the beach?  Foley is priced $182 less per foot than Orange Beach and $86 per foot less than Gulf Shores (for single family homes).
• For single family homes on the Eastern Shore, Daphne homes are the least expensive selling at $111 per foot, followed by Spanish Fort at $125, and then by Fairhope at $153 per foot.
• For single family homes, Daphne has the best deal in the county at $111 per foot followed closely by Foley at $115.

This recap only represents the major cities of Baldwin County and not the smaller towns like Loxley and Summerdale.

Contact me for any real estate information that you need.  

Real Estate and Community Guides for:

Spanish Fort
Daphne
Fairhope
Foley
Gulf Shores
Orange Beach

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

ORANGE BEACH REAL ESTATE

Single family homes

• 179 homes for sale
• Median list price – $701,739
• Median price per square foot – $416
• Average days on the market – 159
• Median house size – 2,245

Condos

• 333 condos for sale
• Average list price – $631,320
• Average price per square foot – $385
• Average days on the market – 134
• Median condo size – 1,587 square feet

GULF SHORES REAL ESTATE

Single family homes

• 269 homes for sale
• Median list price – $565,543
• Median price per square foot – $250
• Average days on the market – 134
• Median house size – 2,297 square feet

Condos

• 292 condos for sale
• Average list price – $323,923
• Average price per square foot – $320
• Average days on the market – 111
• Median condo size – 1,055 square feet

FOLEY REAL ESTATE

• 214 homes for sale
• Average list price – $263,995
• Average price per square foot – $132
• Average days on the market – 91
• Median house size – 2,004 square feet

FAIRHOPE REAL ESTATE

• 337 homes for sale
• Median list price – $399,239
• Median price per square foot – $162
• Average days on the market – 112
• Median house size – 2,453 square feet

DAPHNE REAL ESTATE

• 289 homes for sale
• Median list price – $307,035
• Median price per square foot – $134
• Average days on the market – 95
• Median house size – 2,586 square feet

SPANISH FORT REAL ESTATE

• 120 homes for sale
• Median list price – $344,515
• Median price per square foot – $127
• Average days on the market – 122
• Median house size – 2,628 square feet

TOTAL RESIDENTIAL SALES

For the month of February, there were a total of 535 sales for both single family homes and condos.  This is a 13.3% increase over homes that were sold in February of 2019.

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 9.2% from the same time last year.

AVERAGE SALES PRICES

Average = taking the sum and dividing it by the number of prices.  The average sales price is 0.1% lower than from February a year ago.

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 9.4% decrease for time on the market.

TOTAL LISTINGS

There was only a 10.7% decrease in total listings from a year ago.

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 4.8 months supply which is a 21.1% decrease from a year ago. 

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