The March Condo/Home Numbers From BCAR
I love getting the monthly update on the gulf coast condo and home
market from the Baldwin County Association of Realtors
As you can see, home and condo prices are up from March of last year. 3.5% on Homes and 10.1% on condos.
Prices are also up month-over-month, so depending on what you want in the market, prices could be headed in the right or wrong direction for you.
You can also see that transactions are drastically down.
This is due to lack of inventory.
Not a lack of demand...
Here are the MLS Stats by Area:
Central Baldwin
- Residential Properties sold in March 2023: 239
- Average Sales Price: $293,903
- Average Days on Market: 78
- Average Sales Price Change from March 2022: Increased 2.0%
Coastal Condos
- Residential Properties sold in March 2023: 115
- Average Sales Price: $593,353
- Average Days on Market: 77
- Average Sales Price Change from March 2022: Increased 5.6%
Coastal Homes
- Residential Properties sold in March 2023: 114
- Average Sales Price: $749,677
- Average Days on Market: 77
- Average Sales Price Change from March 2022: Increased 16.1%
Eastern Shore
- Residential Properties sold in March 2023: 218
- Average Sales Price: $452,006
- Average Days on Market: 44
- Average Sales Price Change from March 2022: Increased 5.6%
North Baldwin
- Residential Properties sold in March 2023: 19
- Average Sales Price: $253,692
- Average Days on Market: 40
- Average Sales Price Change from March 2022: Decreased 1.1%
If you are thinking about buying or selling, interview me for the job.
