Beach area real estate feels the impact of COVID-19 pandemic
Baldwin Realtors • April 7, 2020
Residential properties in county get boost over 2019
Robertsdale, AL – (OBA®) – While the total number of properties sold in March 2020 for traditional residential properties increased, the resort/island-based properties saw a decline in comparison to March 2019. Baldwin REALTORS® Multiple Listing Service (MLS) reports a total of 453 properties sold last month for traditional residential, compared to 384 in March 2019.
Conversely, in the resort area, a total of 200 properties sold last month compared to 225 in March 2019. Additionally, March’s average sales price for resort area was $427,930 – a 7.3 percent decrease to $461,851 in 2019.
While the resort area shows more signs of impact from the current COVID-19 pandemic, traditional residential properties continue to display positive reporting. Along with the 18 percent increase in properties sold, traditional residential properties also saw a significant decrease in days on market. While houses averaged 100 days on market in March of 2019, this past month saw an average of 69 days – a 31 percent decrease in time. The average sales price also increased to $260,704 from $240,563 in March 2019.
For resort area, listings remained on market slightly longer than the year prior. The average days on market for this area of the county reported at 97 this past month, compared to 94 days in March 2019. Overall, Resort area took a hit when combining days on market statistics with decreases in average sales price and properties sold.
Residential MLS stats by area:
Central Baldwin
• Residential Properties sold in March 2020: 164
• Average Sales Price: $211,321
• Average Days on Market: 88
• Average Days on Market Change from March 2019: Increased 30.5 percent
Coastal Condos
• Residential properties sold in March 2020: 127
• Average sales price: $392,027
• Average days on market: 80
• Average days on market change from March 2019: Decreased 10.2 percent
Coastal Homes
• Residential properties sold in March 2020: 104
• Average sales price: $442,663
• Average days on market: 115
• Average days on market change from March 2019: Decreased 4.9 percent
Eastern Shore
• residential properties sold in March 2020: 227
• average sales price: $300,525
• Average days on market: 76
• Average days on market change from March 2019: Increased 3.2 percent
North Baldwin
• Residential properties sold in March 2020: 28
• Average sales price: $210,226
• Average days on market: 70
• Average days on market change from March 2019: Increased 47.8 percent
About Baldwin REALTORS®
Baldwin REALTORS® is the source for real estate in Southern Alabama. We provide resources, education and tools to over 2,300 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.
Share this article w/ Friends...
Orange Beach, Ala. — (OBA) — The American Heart Association has launched a new health program at the Orange Beach Public Library. The initiative is called Libraries with Heart and is designed to help residents monitor their blood pressure at home. Community partners say the effort will give people easier access to...
Gulf Shores, Ala. — (OBA) — Starting this December, the city will no longer send business and rental license renewal forms through traditional U.S. mail. Instead, all renewal forms will be delivered only by email. City officials say the change is meant to be more efficient. They also hope it will save money and...
Foley, Ala. — (OBA) — City leaders in Foley are planning major changes to the current public library building. The work is meant to improve access for older adults and people with disabilities. The building will later become the city’s Senior Center. The plans are tied to the construction of a new library.
Gulf Shores, Ala. — (OBA) — Construction on the City of Gulf Shores Pedestrian Bridge is moving forward on schedule, with steady work visible on both sides of the project. Crews are working on the bridge structure as well as nearby parking and streetscape improvements. City officials say the work is designed to...
Orange Beach, Ala. — (OBA) — The City of Orange Beach has launched a new online portal for business licenses and related applications. The system uses OpenGov Permitting & Licensing. City leaders say it will cut paperwork, save time and money. They expect faster decisions for businesses and residents.
Robertsdale, Ala. — (OBA) — Baldwin County Public Schools Superintendent Eddie Tyler has notified parents about an important change to counseling consent rules. He said he usually shares policy updates in his back‑to‑school email each August, but this situation is different. The district began the year collecting...
Foley, Ala. — (OBA) — Foley officials are adding new traffic control near the city’s hospital as services and patient numbers continue to grow. The city plans to change an existing intersection to better handle the heavier traffic. Leaders say the change is meant to improve safety as well as traffic flow. Residents...
Orange Beach, Ala. – (OBA) – Plans continue in Orange Beach to make improvements to the recreation campus in the northwest intersection of Canal Road and Wilson Boulevard. Pickleball courts and expanded parking are already underway and, work has begun on Contorno Park on the western edge of the campus. Next on the...
Gulf Shores, Ala. — (OBA) — Local musicians are joining forces to help struggling families in lower Baldwin County through a benefit concert. The event aims to raise funds and collect food donations for the Christian Service Center. Six musical acts will perform at the fundraiser called Pantry Stock.
Orange Beach, Ala. — (OBA) — According to Hotel Business, an Alabama-based investor group has purchased Perdido Beach Resort in Orange Beach. The new owners say the popular Gulf Coast property will remain under local leadership. They also say they are committed to its long-term future. The resort has served families...
