Looking for Commercial Property in Baldwin County? ...Click HERE

Boardwalk

Baldwin County Monthly Housing Report: June 2018

Tuesday, July 17, 2018

 

Baldwin Housing Report Mimics National Housing Shortage

Baldwin County Monthly Housing Report: June 2018

 

ROBERTSDALE, Alabama – July 15, 2018 – Baldwin County homes are selling in record time. The Baldwin County housing market — and national housing market for that matter — continues to speed up, and we better be ready for the ride.

The total amount of residential active inventory in June 2018 was 3,184. 793 properties were sold last month, a decrease of 5.6% from 806 properties sold in June 2017.

Properties are staying the market for less days from 2017: decreasing 41% from 138 days last year to 82 days in June 2018.

June total sales increased 4% this year, $232,095,540 from $223,388,146 in June 2017.

The average sales prices of residential properties in Baldwin County this month increased about 6% from 2017. Last year, the average sales price was $277,156, and this year, $292,680.

 

Residential MLS Stats by area:

Central Baldwin

Residential Properties sold in June 2018: 177

Average Sales Price: $198,876

Average Days on Market: 70

Average Sales Price Change from June 2017: Increase 6.2%

 

Coastal Condos

Residential Properties sold in June 2018: 106

Average Sales Price: $374,696

Average Days on Market: 80

Average Sales Price Change from June 2017: Increase 6.4%

 

Coastal Homes

Residential Properties sold in June 2018: 94

Average Sales Price: $395,881

Average Days on Market: 85

Average Sales Price Change from June 2017: Increase 8.9%

 

Eastern Shore

Residential Properties sold in June 2018: 289

Average Sales Price: $312,544

Average Days on Market: 87

Average Sales Price Change from June 2017: Increase 8.8%

 

North Baldwin

Residential Properties sold in June 2018: 16

Average Sales Price: $153,643

Average Days on Market: 77

Average Sales Price Change from June 2017: Increase 0.7%

 

About BCAR

The Baldwin County Association of REALTORS® (BCAR) is a professional trade association supporting the success and advancement of over 2,000 REALTORS® in the Baldwin County area. BCAR supports members through professional education, peer networking, and MLS services. We work for the protection of private property ownership and promote the work of our members in the local community. REALTORS® are held to a high standard of conduct by their peers and the National Association of REALTORS® code of ethics.

 

CONTACT:

Allison Woodham

allison@baldwinrealtors.org

23280 County Road 65

Robertsdale, AL 36567

251-517-0167