ROBERTSDALE, Ala. – Baldwin County’s sales prices remain on the rise despite less than desirable interest rates and lower sales volume. Baldwin REALTORS® Multiple Listing Service (MLS) reports year-over-year increases in last month’s Average Sales Price for both Resort and Traditional Residential markets. The average sales price for the Resort area increased by 31.1% to $734,827, compared to $560,421 in 2021. July’s average sales price for the Traditional Residential market increased to $399,154, compared to $341,454 in 2021.
The Resort Area of Baldwin County (all of Orange Beach and Fort Morgan, and anything in Gulf Shores south of Canal Rd/180) had a total of 152 properties close last month, compared to 245 in July 2021 – a 38% decrease. The total sales volume also decreased by over $25,000,000 for this area of the county. Listings moved off the market at a pace one day slower than the year prior, spending an average of 27 days in active status.
For Traditional Residential properties in Baldwin County (anything not included in the Resort areas), a total of 513 sold last month, compared to 621 in July 2021. Sales volume decreased by $7,276,645 from the year prior. However, listings in this area flew off the market at an average of 22 days on market, compared to 26 days in July 2021.
Even with decreases in total properties sold, the lacking inventory continues to keep this a seller’s market. In the Resort market, 300 new listings were added this past month, compared to 381 new listings in July 2021. In the Traditional Residential market, inventory decreased by 19.2% year-over-year – going from 723 new listings in July 2021 to just 584 new listings this past month.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in July 2022: 229
Average Sales Price: $279,526
Average Days on Market: 41
Average Sales Price Change from July 2021: Increased 17.8%
Coastal Condos
Residential Properties sold in July 2022: 109
Average Sales Price: $657,660
Average Days on Market: 22
Average Sales Price Change from July 2021: Increased 29.3%
Coastal Homes
Residential Properties sold in July 2022: 94
Average Sales Price: $646,716
Average Days on Market: 31
Average Sales Price Change from July 2021: Increased 7.6%
Eastern Shore
Residential Properties sold in July 2022: 254
Average Sales Price: $481,768
Average Days on Market: 20
Average Sales Price Change from July 2021: Increased 25.3%
North Baldwin
Residential Properties sold in July 2022: 25
Average Sales Price: $276,836
Average Days on Market: 39
Average Sales Price Change from July 2021: Increased 12.5%
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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.
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