In February of 2020, our market saw the total number of properties sold increase, as well as an increase in sales price. Baldwin REALTORS® Multiple Listing Service (MLS) reports February’s median sales price for the resort area increased to $367,875, compared to $358,750 in 2019. February’s median sales price for traditional residential properties increased to $225,900, compared to $205,000 in 2019.

The average days of market increased slightly over February of 2019, with properties spending 99 days in active status for the resort area. For traditional properties, the number decreased slightly, with 89 days in active status compared to 94 days in February of 2019. 
 

Residential MLS Stats by Area:

 
Central Baldwin

Residential Properties sold in February 2020: 164

Average Sales Price: $178,069

Average Days on Market: 81

Average Sales Price Change from February 2019: Increased 0.7%

 

Coastal Condos

Residential Properties sold in February 2020: 102

Average Sales Price: $416,221

Average Days on Market: 93

Average Sales Price Change from February 2019: Decreased 9.3%

 

Coastal Homes

Residential Properties sold in February 2020: 76

Average Sales Price: $408,201

Average Days on Market: 104

Average Sales Price Change from February 2019: Increased 3.6%

 

Eastern Shore

Residential Properties sold in February 2020: 184

Average Sales Price: $313,026

Average Days on Market: 88

Average Sales Price Change from February 2019: Increased 6.1%

 

North Baldwin

Residential Properties sold in February 2020: 9

Average Sales Price: $144,886

Average Days on Market: 80

Average Sales Price Change from February 2019: Increased 2%

*Information provided by Baldwin REALTORS®