6.8.2022 Our local real estate market had some pretty interesting numbers all over the county and along the Eastern Shore of Mobile Bay to our pristine white beaches 🏖 of Orange Beach and Gulf Shores.
On the Eastern Shore, year over year, residential home prices increased 19%!!! ⬆️
*There were 266 properties sold with an average sales price of $460,829 and average days on the market of 20.
Along our Gulf Coast, year over year, residential home prices increased 27.3%!!! ⬆️⬆️
*There were 140 homes sold with an average sales price of $733,140 and an average of 140 days on the market.
Also, on our coast, condos prices increased a whopping 41.3% year over year!!! ⬆️ ⬆️ ⬆️
*There were 156 sold, average days on the market were 17 and the average sales price $638,598
SOURCE: BALDWIN REALTORS
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FULL ARTICLE: "Wednesday, June 8, 2022 8:00 am
ROBERTSDALE, Ala. – Chart-topping Average Sales Prices continue in Baldwin County’s housing market. While the number of Closed Sales may have dipped slightly in May 2022 (compared to May 2021), the Total Sales Volume for Baldwin County increased by almost a quarter, at 24.5%, due to the significant increase in Sales Prices.
Baldwin REALTORS® Multiple Listing Service (MLS) reports the Average Sales Price for May 2022 in the Resort market of Baldwin County (all of Orange Beach and Fort Morgan, and anything in Gulf Shores south of Canal Rd/180) at a whopping $737,378 – the highest it’s ever been. The Traditional Residential area (everything else in Baldwin County not included in the Resort market areas) also saw its highest ever Average Sales Price at $383,965, which is an 18.3% increase from where it was in May 2021.
The Traditional Residential market in Baldwin County also saw 726 New Listings and 567 Closed Sales in the past month. Average Days on Market (DOM) continues to sit extremely low at 23 Days – a 37.8% decrease from 37 Days in 2021.
The Resort area of Baldwin County experienced 392 New Listings and 243 Closed Sales in May 2022. Average Days on Market for the Resort area also dropped by 44.2%, resulting in an average of just 24 days.
Click here to read previous monthly reports.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in May 2022: 296
Average Sales Price: $252,154
Average Days on Market: 62
Average Sales Price Change from May 2021: Increased 10.7%
Coastal Condos
Residential Properties sold in May 2022: 156
Average Sales Price: $638,598
Average Days on Market: 17
Average Sales Price Change from May 2021: Increased 41.3%
Coastal Homes
Residential Properties sold in May 2022: 140
Average Sales Price: $733,140
Average Days on Market: 40
Average Sales Price Change from May 2021: Increased 27.3%
Eastern Shore
Residential Properties sold in May 2022: 266
Average Sales Price: $460,829
Average Days on Market: 20
Average Sales Price Change from May 2021: Increased 19%
North Baldwin
Residential Properties sold in May 2022: 35
Average Sales Price: $263,050
Average Days on Market: 20
Average Sales Price Change from May 2021: Increased 15.3%
### About Baldwin REALTORS® Baldwin REALTORS® is the source for real estate in Southern Alabama. We provide resources, education and tools to over 2,500 professionals across the region. We work to protect the interests of property owners, and our members serve buyers and sellers as REAL Advocates, Advisors, and Experts. Realtors agree to abide by a strict code of ethics and are held to a high ethical standard by their peers through their association membership. The term Realtor is a federally registered trademark owned by the National Association of REALTORS® and denotes membership in the Nonprofit Association.Source: Baldwin REALTORS"