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Baldwin County's February 2020 Housing Report

Friday, March 6, 2020

ROBERTSDALE, Ala. – As the total number of properties sold in February 2020 for both Resort Area and Traditional Residential properties increased, the market saw an increase in sales price as well. Baldwin REALTORS® Multiple Listing Service (MLS) reports February’s median sales price for Resort Area increased to $367,875, compared to $358,750 in 2019. Additionally, February’s median sales price for Traditional Residential increased to $225,900, compared to $205,000 in 2019.

 

For Resort Area, a total of 160 properties sold last month, compared to 154 in February 2019. Listings moved off the market at nearly the same pace in February 2020, spending an average of 99 days in active status compared to 94 days in February 2019.

 

For Traditional Residential properties, a total of 425 properties sold last month compared to 385 in February 2019. Additionally, listings moved off the market slightly faster spending an average of 89 days in active status compared to 94 days in February 2019.

 

Residential MLS Stats by Area:

 

Central Baldwin

Residential Properties sold in February 2020: 164

Average Sales Price: $178,069

Average Days on Market: 81

Average Sales Price Change from February 2019: Increased 0.7%

 

Coastal Condos

Residential Properties sold in February 2020: 102

Average Sales Price: $416,221

Average Days on Market: 93

Average Sales Price Change from February 2019: Decreased 9.3%

 

Coastal Homes

Residential Properties sold in February 2020: 76

Average Sales Price: $408,201

Average Days on Market: 104

Average Sales Price Change from February 2019: Increased 3.6%

 

Eastern Shore

Residential Properties sold in February 2020: 184

Average Sales Price: $313,026

Average Days on Market: 88

Average Sales Price Change from February 2019: Increased 6.1%

 

North Baldwin

Residential Properties sold in February 2020: 9

Average Sales Price: $144,886

Average Days on Market: 80

Average Sales Price Change from February 2019: Increased 2%

  

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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 2,300 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.