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Baldwin County Real Estate Snapshot

By
Real Estate Agent with Keller Williams Realty ARE# 84291-0

The monthly analysis of single family home sales in Baldwin County for September 2008 was reported in a previous blog entry (http://activerain.com/blogsview/733275/Mobile-and-Baldwin-County-MLS-Statistics-and-Trends-September-2008-Data ). The analysis showed a decrease in median sales price of Baldwin County single family homes of roughly18%.  In an effort to see if there was a trend in certain parts of the county or if the decrease in median sales price was found county wide, the statistics have been broken down by largest towns in the county. Please review the following table:

 

                     

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City Sept 2007 # of Sales Sept 2008 # of Sales % Chg Sept 2007 Median Sales Price Sept 2008 Median Sales Price % Chg Sept 2007 Median Price/Sq Foot Sept 2008 Median Price/Sq Foot % Chg
 
                       
                     

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Daphne 40 32 -20% $253,400 $194,750 -23% 127.50 103.50 -19%

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Fairhope 29 29 0% $255,400 $214,950 -16% 116.90 110.62 -5%

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Foley 28 28 0% $155,950 $141,450 -9% 98.50 76.50 -22%

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Loxley 11 9 -18% $156,000 $142,000 -9% 98.36 99.75 1%

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Robertsdale 9 10 11% $123,000 $88,950 -28% 93.94 72.00 -23%

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Spanish Fort 11 9 -18% $287,000 $212,000 -26% 117.85 99.53 -16%

It appears that the largest drop in median sales price was found in Robertsdale and Spanish Fort.

There is another way to examine the data. That would be price per square foot. The monthly statistics for the whole county do not include this figure because not all sales report the square footage of the home. However when looking at statistics by city, the square footage was available for all sales reported so it was included in this analysis. Robertsdale had the largest drop in median sales price per square foot for the cities reported.

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