Baldwin County Housing Market:
A Flourishing October 2023
Baldwin County’s Real Estate on the Rise! 📈
Hey there, Baldwin County enthusiasts and real estate aficionados! It’s time for your monthly dose of housing market insights, and guess what? October 2023 has been a remarkable month for our beloved Baldwin County. Let’s dive into the details with a sprinkle of light-heartedness and #AskJudd for more personalized insights! 🌟
Overall Market Growth 🚀
Total Sales Increase
This October, we witnessed a whopping $16.5 million jump in total property sales compared to last year. That’s some serious growth, folks!
Average Sales Price Uptick
Both Traditional Residential and Resort/Island markets contributed to this surge with notable increases in average sales prices. 🏖️🏘️
Resort Area Market Dynamics 🏖️
Average Sales Price
A robust 8.5% increase, reaching an average of $709,683.
That’s quite the upscale trend!
Days on Market (DOM)
Properties now take an average of 66 days to sell,
slightly more leisurely than last year’s 52 days.
New Listings & Closed Sales
A 29.2% increase in new listings and a 9.7% rise in closed sales.
The Resort area is buzzing with activity!
Traditional Residential Market Trends 🏠
Average Sales Price Growth
A steady rise of 6.7% year-over-year, hitting an average of $405,996.
DOM Increase
Properties are taking a bit longer to sell, averaging 39 days on the market.
Inventory & Sales
New listings are up by 6.6%, but closed sales have dipped by 6.3%.
Regional Breakdown: Residential MLS Stats 📊
Central Baldwin
– Properties Sold: 146
– Average Sales Price: $342,796 (📈 3.0% from 2022)
– DOM: 44
Coastal Condos
– Properties Sold: 97
– Average Sales Price: $582,729 (📉 2.5% from 2022)
– DOM: 55
Coastal Homes
– Properties Sold: 90
– Average Sales Price: $730,089 (📈 17% from 2022)
– DOM: 43
Eastern Shore
– Properties Sold: 153
– Average Sales Price: $468,627 (📈 10.2% from 2022)
– DOM: 33
North Baldwin
– Properties Sold: 21
– Average Sales Price: $277,914 (📉 9.5% from 2022)
– DOM: 50
In conclusion, Baldwin County’s housing market in October 2023 has shown impressive resilience and growth, with each area displaying its unique trends. Whether you’re eyeing a cozy condo by the coast or a traditional home in Central Baldwin, there’s something for everyone in this vibrant market.
Stay tuned for more updates, and don’t hesitate to #AskJudd for all your real estate queries! 🌟🏡
Remember, whether you’re buying, selling, or just browsing,
Baldwin County’s real estate scene is as dynamic as ever! 🌊🍂🏠