You'll see the report for August in a few days when the numbers are tallied but here is how July stacked up to 7/21. Although prices have gone through the roof over the past couple of years, I am seeing signs of the market leveling off in general.
Baldwin County Real Estate Snapshot for July 2022
The category of "Tradional" includes all real estate sales in Baldwin County thats not in Orange Beach, south of Canal Road, or in Fort Morgan.
Even though interest rates have increased and the overall volume of sales is down, prices are still on the increase but not near as drastic as in the last year and a half.
Resort Market Stats
The average sales price increased by 31.1% from July 2021 - $563,534 to $734,827. There was a 38% decrease in sales from last year - 240 (21) to 152 (22). The average days on the market was only a difference of one day.
Traditional Market Stats
The average sales price increased by 16.9% from July 2022 - $342,206 to $399,154. There was a 17.4% decrease in real estate sales compared to last year in July - 604 (21) to 513 (22). And, for non-resort properties, there was a 15.4 decrease for the average days on the market - 26 to 22.
Average Sales Prices for Baldwin County in July 2022:
North Baldwin - $276,836
Eastern Shore - $481,768
Central Baldwin - $279,526
Coastal Single Family - $646,716
Coastal Condos - $657,716
I hope this information was helpful and please look for the numbers for August coming to you in about a week. If you are buying or selling real estate in Baldwin County, please reach out to me.
Jeff Nelson IXL Real Estate Eastern Shore 251-654-2523 firstname.lastname@example.org