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®

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