Great News! Baldwin County Real Estate Market Improves!

February 2011 stats are out and here is a summary for Baldwin County and specifically the Eastern Shore which includes the cities of Daphne, Fairhope, & Spanish Fort:

Average sales price in the County increased 6.14% from January to $221,411. The median sales price rose 13.9% to $176,850. The Eastern Shore median sales price rose 10.24%, the Gulf Shore Beach area rose 12.02 and North Baldwin increased 30.34%.

The south and central portion of Baldwin County, however saw the median sales price decrease  52.10% and 39.77% subsequently. This is likely attributed to large inventories and foreclosures.

The number of Sales for the whole county rose 55.48%, and specifically 24.71% on the Eastern Shore, 63.61% in North Baldwin, 20.83% in the Central area, 12.87 at the Gulf Beach, but decreased 1.61% in South.

Baldwin County also saw a decrease in the Average Days on Market from 211 in January to 198 in February. The Eastern Shore increased average DOM by 3 days to 189.

It appears that the Baldwin County market is reflective of  the national trend which is resulted in a 13.8% regarding number of homes sold in December.

Information source was obtained from the Center for Real Estate Studies & Baldwin Multiple List Service.


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