5811 USA Drive South Mobile, AL 36688 http://creed.southalabama.edu Telephone: (251) 46-671 County, AL Quarterly Residential Housing Update 217 Quarter 1 County Association of REALTORS 2328 County Road 65 Robertsdale, AL 36567
1 Table of Contents County Sales Data... 2 County Sales Data by Region... 4 North Region Sales Data by Zone... 5 Eastern Shore Region Sales Data by Zone... 6 Central Region Sales Data by Zone... 7 South Region Sales Data by Zone... 8 Gulf Beach Region Sales Data by Zone... 9 Credentials and Contact Information... 1
2 County Sales Data Total unit sales for the first quarter of 217 in County were 1,43. Compared to the first quarter of 216, total unit sales increased by 25.11 % in the first quarter of 217. Of the 1,43 sales, 68.88% were single family homes and 31.12% were condo/multifamily homes. Most residential properties sold in the $1,- $199,999 price range, with most of them being single family properties. by Price Range 216 - Price Range Single Familondo/Multifami Total -$99,999 6 15 75 $1,-$199,99 397 14 537 -$299,99 29 83 373 $3,-$499,99 172 14 312 -$999,99 57 61 118 Over $1 million 9 6 15 Total 985 445 143 % of Total Sales 68.88% 31.12% 1% 16 14 12 1 8 143.% 1143 1143 982 214-215 - 216-217 - by Property Type Single Family 647 622 Condo/Multifamily 792 813 29 36 351 33 213-214 - 215-216 - Average days on the market (DOM) for the first quarter of 217 were 152 days. Average DOM decreased by 4.4% compared to the first quarter of 216. 17 165 16 155 15 145 14 152 214 - Avg. DOM 167 215-159 216 - - 4.79% 152 217 -
3 County Sales Data (continued) Average sales price in County increased to $276,34 in the first quarter of 217, a 1.98% change from the first quarter of 216. Median sales price increased to $219,945 in the first quarter of 217, a 6.7% increase compared to the first quarter of 216. Quarterly Average & by Year $3, $25, $15, $1, Single Family, Condo/Multifamily 214-215 - 216 - - 1.35% + 1.15% 217 - Average Sale Price $277,99 $252,64 $249,21 $276,34 Median Sale Price $25, $25, $27,35 $219,945 Total Sold Dollar Volume 217 - Single Family $143,6,195 36.19% Condo/Multifamily $252,159,97 63.81% Total Quarterly Sold Dollar Volume by Property Type + 3.97% $15,, - 1.87% $5,, 214-215 - Single Family $45,, $4,, $35,, $3,, $25,,, $15,, $1,, Total Sold Dollar Volume Single Family, Condo/Multifamily $272,986,2 47 $288,726, 85 $284,836,8 33 $395,166,1 2-1.35% 214-215 -
4 County Sales Data by Region Region Change North 3 27-1.% Eastern Shore 387 485 25.32% Central 79 94 18.99% South 241 315 3.71% Gulf Beach 43 59 26.3% 217 - North 2% 36% 34% 22% 6% Eastern Shore Central South Gulf Beach Region 216-217 - Change North $145,734 $177,9 21.46% Eastern Shore $254,654 $268,848 5.57% Central $16,657 $157,925-1.7% South $178,546 $194,446 8.91% Gulf Beach $32,17 $361,339 12.86% $4, $3, $1, North 216-217 - Eastern Shore Central South Gulf Beach Region Change North $112,45 $163, 44.95% Eastern Shore $225, $228, 1.33% Central $154,9 $15,925-2.57% South $155, $167,9 8.32% Gulf Beach $299,95 $318, 6.2% $4, $3, $1, North Eastern Shore Central South Gulf Beach Region Change North 18 125-3.56% Eastern Shore 14 152 8.57% Central 152 127-16.45% South 146 146.% Gulf Beach 186 162-12.9% 2 North Eastern Shore Central South Gulf Beach Region Change North $4,372,1 $4,779,25 9.31% Eastern Shore $98,551,21 $13,391,67 32.31% Central $14,941,8 $14,824,47 -.78% South $45,529,225 $61,25,359 34.53% Gulf Beach $122,945,369 $183,921,379 49.6% 217 - North 1% 47% 33% 15% 4% Eastern Shore Central South Gulf Beach
5 North Region Sales Data by Zone Bay Minette 28 2-28.57% Stapleton 1 5 4.% North Co 1 2 1.% 217 - Bay Minette 19% 7% 74% Stapleton North County Bay Minette $146,572 $141,768-3.28% Stapleton $49, $282,28 476.8% North Co $219, $266,25 21.58% $4, Bay Minette Stapleton North County Bay Minette $112,45 $147,25 3.95% Stapleton $49, $24, 389.8% North Co $219, $266,25 21.58% $4, Bay Minette Stapleton North County Bay Minette 182 123-32.42% Stapleton 32 13 221.88% North Co 281 2-28.83% 4 2 Bay Minette Stapleton North County Bay Minette $4,11,1 $2,835,35-3.86% Stapleton $49, $1,411,4 278.41% North Co $219, $266,25 21.58% 217 - Bay Minette 31% 6% 63% Stapleton North County
6 Eastern Shore Region Sales Data by Zone Spanish Fort 58 177 25.17% Daphne 156 141-9.62% Fairhope 174 151-13.22% 217 - Spanish Fort 32% Daphne 38% Fairhope 3% Spanish Fort $267,29 $262,926-1.63% Daphne $212,927 $213,545.29% Fairhope $288,81 $329,854 14.5% Spanish Fort Daphne Fairhope Spanish Fort $26, $241,38-7.16% Daphne $197, $197,25.13% Fairhope $238,7 $279,449 17.7% Spanish Fort Daphne Fairhope Spanish Fort 145 177 22.7% Daphne 143 141-1.4% Fairhope 136 151 11.3% 2 Spanish Fort Daphne Fairhope Spanish Fort 15,52,844 $25,766,77 66.21% Daphne 33,216,579 $42,281,835 27.29% Fairhope 5,126,23 $62,342,462 24.37% 217 - Spanish Fort 2% Daphne 48% Fairhope 32%
7 Central Region Sales Data by Zone Seminole $29, $217, -25.17% Loxley $174,485 $155,186-11.6% Silverhill $148,329 $151,524 2.15% Robertsdale $16,72 $121,474 14.52% Summerdale $175,843 $262,9 49.51% Seminole $29, $168, -42.7% Loxley $156, $153,95-1.31% Silverhill $161,295 $164,85 1.73% Robertsdale $16, $123,25 16.27% Summerdale $155,375 $173,9 11.92% Seminole 97 124 27.84% Loxley 165 134-18.79% Silverhill 132 123-6.82% Robertsdale 119 114-4.2% Summerdale 17 153-1.% 2 Seminole $29, $651, 124.48% Loxley $6,63,448 $5,121,128-22.76% Silverhill $2,818,246 $2,272,856-19.35% Robertsdale $1,485,1 $3,887,163 161.76% Summerdale $3,868,55 $2,891,9-25.25% 217 - Seminole 2% 26% 4% Loxley Silverhill 35% Robertsdale Summerdale 15%
8 South Region Sales Data by Zone 217 - % Bon Secour Bon Secour 1 1.% Gulf Shores - North 71 68-4.23% Magnolia Springs 2 5 15.% Foley 123 18 46.34% Lillian 41 38-7.32% 12% 7% 57% 22% 2% Gulf Shores - North ICW Magnolia Springs Foley Elberta 13 23 76.92% Bon Secour $12, $76,9-35.92% Gulf Shores - North $225,99 $268,451 18.79% Magnolia Springs $217,5 $268,45 23.43% Foley $157,213 $172,645 9.82% Lillian $143,74 $129,437-9.95% Elberta $234,23 $242,691 3.7% Bon Secour $12, $76,9-35.92% Gulf Shores - North $196,89 $236,335 2.3% Magnolia Springs $217,5 $127,9-41.2% Foley $145,7 $162,511 11.54% Lillian $126,9 $128,25 1.6% Elberta $167,9 $18, 7.21% Bon Secour 258 137-46.9% Gulf Shores - North 165 159-3.64% Magnolia Springs 236 166-29.66% Foley 146 145 -.68% Lillian 116 117.86% Elberta 19 161 47.71% $4, $4, 4 2 Bon Secour $12, $76,9-35.92% Gulf Shores - North ####### $18,254,646 13.77% Magnolia Springs $435, $1,342,25 28.56% Foley ####### $31,76,45 6.71% 217-8% 9% % 3% Bon Secour Gulf Shores - North ICW Magnolia Springs Lillian ####### $4,918,62-16.54% Elberta ####### $5,581,898 83.48% 51% 2% Foley
9 Gulf Beach Region Sales Data by Zone Orange Beach 27 25 2.77% Gulf Shores - South 152 213 4.13% Fort Morgan 25 46 84.% 217 - Orange Beach 42% 9% 49% Gulf Shores - South ICW Fort Morgan Orange Beach $362,829 $425,269 17.21% Gulf Shores - South $27,524 $296,886 9.74% Fort Morgan $268,82 $312,334 16.19% Orange Beach Gulf Shores - South ICW Fort Morgan Orange Beach $33, $367,75 11.44% Gulf Shores - South $237,5 $27, 13.68% Fort Morgan $18, $225,5 25.28% Orange Beach Gulf Shores - South ICW Fort Morgan Orange Beach 213 159-25.35% Gulf Shores - South 143 149 4.2% Fort Morgan 227 239 5.29% 5 Orange Beach Gulf Shores - South ICW Fort Morgan Orange Beach $75,15,691 $16,317,271 41.56% Gulf Shores - South $41,119,628 $63,236,76 53.79% Fort Morgan $6,72,5 $14,367,348 113.8% 217 - Orange Beach 34% 8% 58% Gulf Shores - South ICW Fort Morgan
1 Credentials and Contact Information Data Source: All data is provided by the Association of REALTORS Multiple Listing Service. For further information about the data, contact Martha Taylor at marthataylor@baldwinrealtors.org or (251) 947-3777. All inquiries regarding this report should be directed to: Dr. J. Reid Cummings, Director Center for Real Estate & Economic Development Email: cummings@southalabama.edu Phone: (251) 46-671 This report was prepared by: Anne Graham, Student Assistant Center for Real Estate & Economic Development Mitchell College of Business University of South Alabama Disclaimer: USA takes reasonable measures to ensure the quality of the data and other information produced. However, warranty, expressed or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or USA makes no completeness of any information, nor represents that its use would not infringe on privately owned rights. Reference to any specific commercial product, process, or service does not constitute an endorsement, recommendation, or favoring by USA.