Baldwin County Residential Report July 2018

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Edwin Powers
5 years ago
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1 Baldwin County Residential Report July 2018 Total Residential Sales Current Month July Baldwin residential* sales during the vs. Prior Month June % current month totaled 647 units, vs. Last Year July % representing a decrease of 6.8 percent vs. 5-Yr Avg July 13-' % from By Product Type (% of Total Sales) Existing SF: 388 (60%) 381 (55%) Condo: 133 (21%) 207 (30%) New Const. 126 (19%) 106 (15%) *Residential = existing single family, condo, & vs. Peak July % vs. Trough July % Year to Date July ,128 vs.prior Year July , % Baldwin County: Total Residential Sales Historical data indicates that July residential sales on average ( 13-17) decrease 4.6 percent from June. The current month's sales decreased 12.1 percent from the previous month." Historical Home Sales July Graph: July July (By month) July July July Year Avg: Year Avg: 584 Median Sales Price Current Month July ,000 The median sales price in Baldwin vs. Prior Month June , % County during the current month was vs. Last Year July , % $234,000, a 2.7 percent increase from vs. 5-Yr Avg July 13-'17 208, % By Product Type (Y-O-Y Comparison) Existing SF: $213,000 $183,000 Condo: $263,000 $405,000 New Const: $263,060 $244,115 Year to Date July ,400 vs.prior Year July , % Median Peak July , % Trough July , % Baldwin County: Median Sales Price $250, ,850 $230,000 $210,000 $190, ,250 $,000 $, ,000 Historical Median Selling Price Graph: July Historical data indicates that July median sales prices on July ,800 (By month) average ( 13-17) decrease.7 percent from June. The current July ,450 month's median price decreased 4 percent from the previous month." July ,950 July ,000 July , Year Avg: 208, Year Avg: 217,400

Average Sales Prices Current Month July 2018 289,908 The average sales price in Baldwin vs. Prior Month June 2018 300,594-3.6% County during the current month was vs. Last Year July 2017 299,045-3.

2 Average Sales Prices Current Month July ,908 The average sales price in Baldwin vs. Prior Month June , % County during the current month was vs. Last Year July , % $289,908, a 3.1 percent decrease from vs. 5-Yr Avg July 13-'17 264, % By Product Type (Y-O-Y Comparison) Existing SF: $274,253 $277,138 Condo: $ $451,908 New Const: $283,699 $258,990 Year to Date July ,436 vs.prior Year July , % Average Peak July , % Trough July , % $310,000 $290,000 $270,000 $250,000 $230,000 $210,000 $190,000 Baldwin County: Average Sales Price 289, , , ,415 Historical data indicates that July average sales prices on Historical Average Selling Price Graph: July (By month) average ( 13-17) decrease 1.4 percent from June. The current July ,045 month's average price decreased 3.6 percent from the previous July ,965 month." July ,871 July ,875 July ,969 5-Year Avg: 264, Year Avg: 273,294 Days on Market (DOM) Current Month July The average number of days on the market during the current month was 88, representing an improvement of 84 days from By Product Type (DOM Comparison) Existing SF: Condo: New Const: vs. Prior Month June % vs. Last Year July % vs. 5-Yr Avg July 13-' % Year to Date July vs.prior Year July % Baldwin County: Average Days on Market Historical Average DOM Graph: July The 5-year DOM average ( 13-17) for the month of July is 160 days, which is 72 days more than current results. Average DOM is anticipated to remain within the current range ( days) for the foreseeable future. July (By month) July July July July Year Avg: 160

Total Units Listed for Sale Current Month July 2018 2,902 vs. Prior Month June 2018 2,865 1.3% vs. Last Year July 2017 3,226-10.0% vs. 5-Yr Avg July 13-'17 3,113-6.

3 Total Units Listed for Sale Current Month July ,902 vs. Prior Month June , % vs. Last Year July , % vs. 5-Yr Avg July 13-'17 3, % Baldwin County residential units available for sale during the current month decreased by 324 units from By Product Type (Inv, Comparison) Existing SF: Condo: New Const.: Inventory Peak July , % Trough July , % 5,800 5,300 4,800 4,300 3,800 3,300 2,800 2,300 Baldwin County: Total Homes Listed 5,705 2,902 Historical data indicates that July inventory on average ( 13-17) increases 4.5 percent from June. The current month's inventory increased 1.3 percent from the previous month." Historical Total Units Listed Graph: July July ,226 (By month) July ,970 July ,115 July ,250 July ,006 5-Year Avg: 3,113 Baldwin County: Months of Supply Inventory-to-Sales Ratio Current Month July The inventory for sale divided by the current monthly sales volume equals the # of months of supply (market considered to be in balance at approximately 6 months). Baldwin County currently has 4.5 months of supply, down 3.5 percent from one year ago. vs. Prior Month June % vs. Last Year July % vs. 5-Yr Avg July 13-' % I/S Ratio Peak July % Trough July % Historical I/S Ratio Graph: July "July's 4.5 months of supply is 28.5 percent below the 5-year average of 6.3 months of supply. Baldwin County's current housing inventory is 1.5 months below equilibrium, indicating a continued transition where sellers typically have elevated bargaining power." July (By month) July July July July Year Avg: Year Avg: 5.4 NOTE: This representation is based in whole or in part on data supplied by the reporting boards/associations of REALTORS or their Multiple Listing Service. The Alabama Center for Real Estate does not guarantee and is in no way responsible for its accuracy. Any Market data maintained by the Center does not necessarily include information on listings not published at the request of the seller, listings of brokers who are not members of a local board/association or MLS, unlisted properties, rental properties, etc. The statistics included in this report reflect the residential sales of houses, condominiums, and town homes. Historical Monthly Housing Statistics are available on the web at Alabama Center for Real Estate's homepage -

Sales Sales Baldwin County: Residential Sales and Inventory 800 750 700 650 600 550 500 450 400 350 300 3,500 3,400 3,300 3,200 3,100 3,000 2,900 2,800 2,700 2,600 2,500 Inventory Baldwin Sales

4 Sales Sales Baldwin County: Residential Sales and Inventory ,500 3,400 3,300 3,200 3,100 3,000 2,900 2,800 2,700 2,600 2,500 Inventory Baldwin Sales Baldwin Inventory Baldwin County: Historical Residential Sales and Inventory ,000 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 Inventory Baldwin Sales Baldwin Inventory This report is compiled and brought to you by ACRE Research. You should not treat any information expressed in ACRE Reports a s a specific inducement to make a particular investment or follow a particular strategy. The Alabama Center for Real Estate (ACRE) and/or its partners/work product sponsors does not gu arantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only.nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain profession al advice before making any investment decision. All investments involve some degree of risk. ACRE will not be liable for any loss or damage caused by your reliance on informatio n contained in ACRE Reports.

5 Average Days on Market Median Sales Price Average Days on the Market and Median Sales Price , , , , , , , , ,000 Baldwin DOM Baldwin Median Sales Price

Baldwin County Residential Report October 2018

Baldwin County Residential Report October 2018 Monthly Indicators Recent Figures Trends Total Residential Sales Current Month October 2018 548 Baldwin residential* sales during the vs. Prior Month September