The Baldwin County Association of Realtors (BCAR) recently released their August 2019 market housing report showing current trends for the end of summer.
The study indicated a significant decrease in the all-important “Days on Market” metric, indicating an unrelenting acceleration of demand across the board from homebuyers.
“When a ‘for sale’ sign goes up in Baldwin County, you can bet it won’t stay on the market long,” the report said.
Of notable import is an uptick in demand for affordable North Baldwin housing. Last month the category had the lowest median price and fastest movement (when put up for sale), but the lowest amount of properties collectively sold across the county.
In total, the BCAR Multiple Listing Service (MLS) reported 750 properties sold last month, which is consistent from August 2018, when 756 properties were sold.
On average, property listings moved quickly, spending about 15 percent fewer days on the market in August 2019, an average of 78 days last month compared to 92 days in August 2018.
Total sales volume from August 2019 also remained consistent from the previous year, totaling $226,568,923 compared to $226,950,746 in August 2018.
The average sales price of residential properties in Baldwin County increased slightly, totaling $302,191 compared to $300,199 in 2018.
The total amount of residential active inventory in August 2019 was 3,148 properties, an increase from 2018.
Here are the residential MLS statistics by area:
Residential properties sold in August 2019: 173
Average sales price: $209,059
Average days on market: 71
Average sales price change from August 2018: increase 6 percent
Residential properties sold in August 2019: 126
Average sales price: $391,752
Average days on market: 85
Average sales price change from August 2018: increase 6 percent
Residential properties sold in August 2019: 94
Average sales price: $438,242
Average days on market: 105
Average sales price change from August 2018: increase 2 percent
Residential properties sold in August 2019: 232
Average sales price: $314,773
Average days on market: 81
Average sales price change from August 2018: increase 7 percent
Residential properties sold in August 2019: 21
Average sales price: $190,322
Average days on market: 39
Average sales price change from August 2018: increase 9 percent
BCAR has over 2,300 professionals across the region and works to protect the interests of property owners. Its members service buyers and sellers as advisors and experts. More information about the August 2019 Baldwin County housing report can be found at baldwinrealtors.com.
Shipshape Urban Farms goes to market
Irvington-headquartered Shipshape Urban Farms, a startup that designs and manufactures container farming technology, recently announced the completion and roll out of their first market-ready hydroponic container garden.
After two years of development, the working prototype was first on display in New Orleans at the 2019 Louisiana Restaurant Association (LRA) Foodservice & Hospitality Expo.
Approximately 3,000 attendees of the 2019 LRA Expo toured the container garden and received information about Shipshape.
Standard dimensions of the containers cover some 320 square feet; it is a 40-foot custom-built, high-cube shipping container. The ballpark retail cost per container unit is $95,000, according to co-founder and CEO Dale Speetjens, and an owner has an estimated return on investment (ROI) of about 14 months.
The company has also been developing a project in Downtown Mobile. Earlier this year they obtained city zoning ordinance permits for a downtown urban farm, as previously reported in Lagniappe, which is planned to be located at 610 St. Michael St. on a quarter-acre lot.
Shipshape also currently sells produce to local grocery stores and restaurants and has created a community-supported agriculture program, or CSA, that allows customers to purchase produce in advance to help with overhead costs before farming operations begin. Shipshape has three levels in its CSA.
Container-farming technology has become popular across the country due to reportedly allowing for an extended growing season. This is a method of growing produce that reportedly uses significantly less energy and water versus traditional farming.
Energy savings comes from the use of LED lighting, fractional water use versus traditional farming (up to 90 percent less) and applying proprietary technology to infuse the soil with a hyper-rich nutrient blend to facilitate optimal growth of produce.
With recent legislation in Alabama allowing the sale of CBD hemp products statewide, the startup’s footprint in local markets may increase exponentially with the company’s ability to grow large quantities of product in small spaces at an accelerated rate.
Investor interest in containers has also spread out along the Gulf Coast after the tradeshow, with the possibility of urban farms landing in Louisiana and Mississippi later this year, with crops to be harvested in late summer or early fall of 2020.
More information about Shipshape Urban Farms can be found on their website, shipshapeurbanfarms.com.
Business Insider recognizes Baldwin County
New York City-based Business Insider recently released a report, using data from the U.S. Census Bureau’s Population Estimates Program, showing the metropolitan areas with the highest net migration increase between 2010 and 2018.
The study showed the increase as a percentage by adjusting 2018 population numbers relative to the same metro area’s population as recorded in 2010. Net migration measures the number of people who moved into the metro area from some other part of the U.S. or another country, minus the number of people who left the metro area over the same period.
In the report, the Daphne-Fairhope-Foley area had a net migration of 33,655 between 2010 and 2018. This was an 18.5 percent increase from the metro’s 2010 population of 182,265.
Baldwin County was sandwiched between the sixth ranked Bend-Redmond, Oregon region, which had a net percentage growth of 19.5 percent with a 2010 population of 153, 733, and eighth ranked Austin-Round Rock, Texas, with an 18.1 percent increase from a 2010 population of 1,716, 289.
“Since the start of the decade, a huge number of Americans have been moving to big cities in the South,” the article said. The report went on to say that an overwhelming majority of the top 20 metro areas for migration are in the South, with over half in Florida alone.
More information can be found on businessinsider.com.
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