ROBERTSDALE, Ala. – The Baldwin County housing market finished 2020 with strong December statistics reported by Baldwin REALTORS® Multiple Listing Service (MLS). Though new inventory was lacking 6% compared to December 2019, both the Traditional Residential area of Baldwin County and the Resort area still had increases in closed sales. Altogether, the county saw a total amount of $248,610,876 in closed sales – a 30.6% increase compared to $190,414,710 in December 2019.
For the third month in 2020, the Resort area of Baldwin County had an average sales price that exceeded $500,000. With a 7.5% increase from December 2019, the average sales price for this particular area of the county was $502,592. Listings spent less time on the on market at an average of 82 days compared to 102 days in December 2019. Additionally, total properties sold for this area also increased by 7.4% to 202 compared to December 2019’s 188 properties.
Baldwin County’s Traditional Residential area also saw encouraging trends in all reported categories this past month. Average sales price was a 14.9% increase in year-over-year comparison. Total properties sold for this area were 503 – exactly 100 more than December 2019’s 403 closed sales. Properties in the Traditional Residential area also spent less time on the market at an average of 62, which was 5 days less than the year prior.
For previous months’ housing reports, click here.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in December 2020: 244
Average Sales Price: $205,228
Average Days on Market: 93
Average Sales Price Change from December 2019: Increased 0.2%
Coastal Condos
Residential Properties sold in December 2020: 138
Average Sales Price: $455,716
Average Days on Market: 69
Average Sales Price Change from December 2019: Increased 5.5%
Coastal Homes
Residential Properties sold in December 2020: 105
Average Sales Price: $494,476
Average Days on Market: 84
Average Sales Price Change from December 2019: Increased 4.2%
Eastern Shore
Residential Properties sold in December 2020: 254
Average Sales Price: $341,123
Average Days on Market: 66
Average Sales Price Change from December 2019: Increased 16.9%
North Baldwin
Residential Properties sold in December 2020: 23
Average Sales Price: $184,732
Average Days on Market: 65
Average Sales Price Change from December 2019: Decreased 5.5%
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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 2,400 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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