Baldwin housing market slowed in December

Staff Report
Posted 1/11/23

ROBERTSDALE — The Baldwin County housing market operated at a slower pace in December 2022, according to statistics reported by Baldwin REALTORS® Multiple Listing Service.Both new inventory …

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Baldwin housing market slowed in December

Workers climb up a house under construction in a new residential development in Foley in December 2022.
Workers climb up a house under construction in a new residential development in Foley in December 2022.
MICAH GREEN / GULF COAST MEDIA
Posted

ROBERTSDALE — The Baldwin County housing market operated at a slower pace in December 2022, according to statistics reported by Baldwin REALTORS® Multiple Listing Service.

Both new inventory and closed sales decreased in comparison with December 2021 data, and properties stayed available on the market for more days than the year prior. Altogether, the county saw a total amount of $218,205,529 in closed sales — a 42.8% decrease compared to $381,170,968 in December 2021.

With a minor decrease from December 2021, the average sales price for the resort area of the county was $656,426. There 43 less properties were added in new inventory than December of the previous year. December 2022 had 162 new listings, and December 2021 had 205. Listings spent more time on the market at an average of 69 days compared to 41 days the year prior.

Additionally, total properties sold for this area also decreased by 49.4% to 135 compared to December 2021's 267 properties.

Baldwin County's traditional residential area saw their average sales price increase slightly by 9.1% in year-over-year comparison.

However, the number of new properties on the market for December 2022 was 345, which was 81 less properties than the previous year. Total properties sold for this area were 337 – a 42% decrease from December 2021's 581 closed sales.

Properties in the traditional area also spent 16 days longer on the market at an average of 49 days.

RESIDENTIAL MLS STATS BY AREA:
Central Baldwin
  • Residential Properties sold in December 2022: 178
  • Average Sales Price: $284,511
  • Average Days on Market: 105
  • Average Sales Price Change from December 2021: Increased 38.6%
    Coastal condos
  • Residential Properties sold in December 2022: 70
  • Average Sales Price: $654,076
  • Average Days on Market: 56
  • Average Sales Price Change from December 2021: Increased 43.5%
    Coastal homes
  • Residential Properties sold in December 2022: 97
  • Average Sales Price: $608,334
  • Average Days on Market: 74
  • Average Sales Price Change from December 2021: Increased 23%
Eastern Shore
  • Residential Properties sold in December 2022: 160
  • Average Sales Price: $435,719
  • Average Days on Market: 38
  • Average Sales Price Change from December 2021: Increased 27.7%
North Baldwin
  • Residential Properties sold in December 2022: 17
  • Average Sales Price: $255,267
  • Average Days on Market: 40
  • Average Sales Price Change from December 2021: Increased 38.2%

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