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Early 2015 Update: Baldwin County Alabama Real Estate Market

Posted in: Baldwin County
By Lucinda Briggs

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How is the Baldwin County Alabama real estate market faring over the past year, considering positive economic indicators in the Greater Mobile area? To answer this question, let's check out a few sets of data comparing figures from the 2014 Baldwin County Alabama real estate market to what we see today.  Prices for new and existing homes are down year-over-year, according to information released by the Alabama Center for Real Estate at the University of Alabama.

Existing Home Sales


Sales of residential units in the Baldwin County Alabama real estate market have experienced quite a change from January 2014 to January 2015. The Median Home Price fell from $220,500 to $184,303. The total number of sales also fell more than 10%. In addition, it takes almost 20% more days for properties to sell.  Baldwin County remains a Buyer's Market.

The Daphne Metro Area of Baldwin County this spring, the Median List Price is approximately $255,000 and the price per square foot is approximately $132.  The Median Sales Price is $179,440.

New Home Sales

New-home construction in the Greater Mobile Alabama real estate market (including Baldwin County) is in aSeller's Market.  Year-over-year from December 2013 to December 2014 the Median Home Price fell 10.34% from $245,252 $219,900. Homes are on the market 43 days longer than last year. However, there are 20% fewer new homes available right now and the number of total new-home sales remained steady.

Foreclosures in Baldwin County

The 0.5% foreclosure rate in Baldwin County is far below the national rate of approximately 4%. Nonetheless, 14% of homeowners in Baldwin County are underwater on their mortgages. These property owners owe more to their lenders than their homes are worth.

Homes for Sale in Baldwin County Alabama

Buyers will find quite a variety of homes for sale today in Baldwin County. There are approximately 3000 units available. These range from Eastern Shore homes in small towns such as Fairhope and Daphne to rural properties and homes on the Gulf Coast.

Variations in Home Prices

Prices vary considerably from subdivision to subdivision and community to community. Please consult with a reputable Baldwin County real estate agent. Professionals have access to much more information than is available online and can run specific reports to help buyers narrow down any MLS property search.

Baldwin County Alabama Real Estate Agents

For information about Fairhope and Daphne homes for sale and other Baldwin County properties along the Eastern Shore of Mobile Bay, please contact Realtor Lucinda Briggs of RE/MAX by the Bay at (251) 423-7127.


Baldwin County Showcase of Luxury Homes
   

Parker CO

Lucinda Briggs
Re/Max By The Bay

Office
251-621-2588
Fax
 
251-625-3325
Cell/Text
 
251-423-7127

lucinda@lucindabriggs.com


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