According to the Baldwin County Association of Realtors (BCAR) report for July, it’s not uncommon for homes in Baldwin County, freshly earmarked for sale, to get snatched up by buyers in a day or less.
Although home sales and prices dipped slightly last month compared to the same time last year, homes are spending far less time on the market, per the BCAR study.
Residential active inventory in July 2018 totaled 3,187, with 707 properties sold — essentially the same as July 2017, when 708 residential properties were sold.
However, homes are selling far more quickly. Median days-on-market percentages dropped an eye-popping 52 percent — from 185 days last July to just 88 days this July.
Total sales volume last month decreased 7 percent, to $198,755,110 from $212,096,072 in July 2017.
The average sales prices of residential properties in Baldwin County this July decreased 6 percent from July 2017. Last year, the average sales price was $299,570; this year, the average was $281,124.
Here are residential MLS stats by area:
• Residential properties sold in July 2018: 170
• Average sales price: $182,535
• Average days on market: 78
• Average sales price change from July 2017: up 7.12 percent
• Residential properties sold in July 2018: 116
• Average sales price: $347,916
• Average days on market: 74
• Average sales price change from July 2017: down 9.37 percent
• Residential properties sold in July 2018: 80
• Average sales price: $377,951
• Average days on market: 141
• Average sales price change from July 2017: up 10.6 percent
• Residential properties sold in July 2018: 229
• Average sales price: $298,042
• Average days on market: 80
• Average sales price change from July 2017: up 8.45 percent
• Residential properties sold in July 2018: 18
• Average sales price: $155,538
• Average days on market: 72
• Average sales price change from July 2017: down 13.15 percent
BCAR is a professional trade association supporting more than 2,000 real estate professionals in the Baldwin County area. BCAR supports members through professional education, peer networking and MLS services. More information about the association can be found on its website.
Commercial real estate moves
• Lafayette Land Co. reported Tim and Claire Gautreaux, the owners of Nova Espresso, have executed a lease at 306 St. Anthony St., situated on the corner of North Claiborne Street and directly behind the forthcoming St. Louis Street Innovation Center. The locally owned business will operate as a specialty organic coffee shop, with plans to open this fall.
• According to the website of New York-based commercial real estate portfolio manager Brixmor, plans are in place to develop a new 20,000-square-foot Shoe Station, an 18,298-square-foot Cost Plus World Market and a 25,656-square-foot Bed, Bath & Beyond on the north side of the Springdale Shopping Center at 3250 Airport Blvd. in Mobile. Construction timelines and opening dates were unknown as of press time.
• Stanford Academy in Semmes recently purchased a building at 2811 Schillinger Road and will be relocating by the end of the year. Paul Carter with the Paul Carter Agency represented both the buyer and seller in the transaction.
Wilkins Miller among “Best Companies to Work For”
Wilkins Miller, an accounting and advisory firm with offices in Mobile and Fairhope, was recently named one of the 2018 “Best Companies to work for in Alabama” by Business Alabama and the Best Companies Group.
The firm earned runner-up for “best companies in Alabama” and the top accounting firm in the small-to-medium company category. Wilkins Miller was formally recognized and honored in the August edition of Business Alabama magazine.
“We are thrilled to be recognized as the second-best company to work for in Alabama for our category,” Wilkins Miller managing partner Allen Carroll said. “To be acknowledged as a best company for the fourth year in a row is an incredible accomplishment and is a product of our amazing team.”
Wilkins Miller competed with companies across the state considered by Best Companies Group for a place on the 2018 list. The judging process included a two-part survey process, which included evaluating workplace policies, systems, demographics and employee surveys to measure employee experience. Combined scores determined the top companies and the final ranking.
“There are many accomplished companies in our category, so we are very honored to receive this acknowledgement,” Wilkins Miller partner Michael Kintz said. “Our employees make this possible by maintaining an environment that attracts and retains quality people.”
Wilkins Miller specializes in the accounting areas of auditing, tax, litigation, valuation, cost segregation, outsourced accounting and information technology consulting. More information about the firm can be found on its website.
Sears Hometown Store recognized
The Sears Hometown Store at the Jubilee Shopping Center, 6845 U.S. Highway 90 in Daphne, has been named a 2018 “Sears Hometown Premier Store.” This marks five consecutive years that the locally owned franchise has been recognized with the award.
The Daphne store is also one of only 121 locations throughout the company’s 1,300-plus unit system to receive national recognition so far this year. Approximately 10 percent of Sears Hometown Stores throughout the country receive the accolade each year.
“We strive to serve our community with the highest level of customer service, so this recognition speaks volumes to the hard work and dedication of our employees,” George Misleh, owner and operator of the Daphne store, said.
“George and his employees set a prime example for all other stores in our system to follow,” Will Powell, CEO and president of Sears Hometown and Outlet Stores Inc., said.