ROBERTSDALE, Ala. – Baldwin County sales prices continue to trend upward, even with rising interest rates; but sales have decreased in year-over-year comparison for the third month in a row. Baldwin REALTORS® Multiple Listing Service (MLS) reports decreases this past month (from June 2021) in the total sales volume for Resort and Traditional Residential areas, as well as the number of properties sold. However, both markets of the county experienced average sales price increases with homes selling at a fast rate.
For the Resort Area of Baldwin County, a total of 245 properties sold last month, compared to 303 in June 2021. The average sales price topped $700K for the second month in a row at $707,951. But, even with higher sales prices, the sales volume decreased by $5,266,661 year-over-year. Average days on market reduced from 37 days in June 2021 to just 22 days this past month.
For Traditional Residential properties in Baldwin County, a total of 527 properties sold last month, compared to 754 in June 2021. Sales volume for this area also decreased by almost $45,000,000 from the year prior, even with a 17.25% increase in average sales price for June 2022. The Traditional Residential area matches the Resort area’s average of just 22 DOM, compared to 28 days a year prior.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in June 2022: 268
Average Sales Price: $281,219
Average Days on Market: 51
Average Sales Price Change from June 2021: Increased 16.5%
Coastal Condos
Residential Properties sold in June 2022: 162
Average Sales Price: $677,657
Average Days on Market: 19
Average Sales Price Change from June 2021: Increased 34.5%
Coastal Homes
Residential Properties sold in June 2022: 122
Average Sales Price: $674,076
Average Days on Market: 25
Average Sales Price Change from June 2021: Increased 3.2%
Eastern Shore
Residential Properties sold in June 2022: 258
Average Sales Price: $451,852
Average Days on Market: 18
Average Sales Price Change from June 2021: Increased 18.7%
North Baldwin
Residential Properties sold in June 2022: 33
Average Sales Price: $281,986
Average Days on Market: 18
Average Sales Price Change from June 2021: Increased 42.1%
###
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.
Comments