According to the Baldwin County Association of Realtors (BCAR), the residential market is apparently ripe for Eastern Shore homeowners to list their properties for sale if they want make a profit. Reportedly there’s a significant shortage of properties listed and available compared to the number of qualified buyers.
Per a BCAR news release, the total residential active inventory last month was 3,217; 704 properties were sold in April, an increase of 12.5 percent from 626 properties sold in April 2017. Properties are also staying on the market fewer days compared to 2017, decreasing 42 percent from 147 days last year to 85 days in April 2018. Total residential sales increased 27 percent in April 2018 as well, rising to $210,397,481 from $165,473,678 in April 2017.
“The average sales prices of residential properties in Baldwin County continue to creep up,” according to the BCAR study. “Last year, the average sales price was $264,334, and this year it sits at $298,860.”
Here is a breakdown of the residential MLS statistics, by area, from the April report:
Residential properties sold in April 2018: 167
Average sales price: $184,398
Average days on market: 81
Average sales price change from April 2017: up 7.4 percent
Residential properties sold in April 2018: 145
Average sales price: $408,502
Average days on market: 73
Average sales price change from April 2017: up 17.2 percent
Residential properties sold in April 2018: 69
Average sales price: $430,341
Average days on market: 147
Average sales price change from April 2017: up 10.2 percent
Residential properties sold in April 2018: 223
Average sales price: $304,660
Average days on market: 83
Average sales price change from March 2017: up 15.2 percent
Residential properties sold in April 2018: 12
Average sales price: $138,239
Average days on market: 50
Average sales price change from April 2017: up 16 percent
BCAR is a 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. For more information about the association, visit its website.
Peavy tapped for Mobile public works
Mobile Mayor Sandy Stimpson recently selected John Peavy to be the city of Mobile’s senior director of public works. He will oversee streets and sidewalks, storm drain maintenance, equipment services, ditches right-of-way and park maintenance — as well as acting as serving as interim executive director of public works while the city conducts a search to fill the role.
Peavy began his tenure with the Stimpson administration in 2016, charged with managing capital improvement projects with a focus on accessibility and environmental compliance.
“John has significantly advanced capital projects and is uniquely qualified due to his previous experience at City Hall,” Stimpson said. “He has demonstrated outstanding leadership, and I have full confidence in his ability to move our city forward.”
Before joining the mayor’s team, Peavy was president of Peavy Construction Co., specializing in highways, small bridges and other infrastructure projects. Prior to taking ownership of the company, he was the operations officer at Spring Hill College and worked for the city of Mobile as the grant-in-aid coordinator.
Peavy is a graduate of Davidson High School and holds a bachelor’s degree in political science and a master’s degree in public administration from the University of South Alabama.
“I am thrilled to be asked by Mayor Stimpson to lead the fine men and women of the public works department of the city of Mobile,” Peavy said. “Assuming the position my father once held is extremely gratifying. I look forward to the challenges associated with this position and serving the citizens of the city.”
Bill Harkins, the former executive director of public works, left his post to pursue a job opportunity with the Catholic Church, according to a news release. His last day at City Hall was Friday, May 11.
“Bill has earned my gratitude and respect for his honorable service to the citizens of Mobile,” Stimpson said. “Under his leadership, we raised the bar for city services and improved the quality of life for our residents, including expanding recycling efforts and implementing the city’s very first litter patrol.”
Greg Beckham will also continue as the senior director of public services supervising garbage, trash, litter, recycling and urban forestry, according to a news release.
Austal USA receives safety award
On May 11, American Equity Underwriters (AEU) honored Austal USA with the AEU Large Shipyard Safety Award. AEU is one of the nation’s larger providers of workers compensation insurance for maritime employers. James Burgin, AEU vice president of loss control, presented Austal with the award at the vessel completion yard before a significant audience of managers and employees.
Austal USA is one of over a thousand members of the American Longshore Mutual Association (ALMA), and has earned the award three times previously. The accolade is given each year to top-performing ALMA members and is based on such metrics as the number of accidents realized and severity of accidents recorded for a given calendar year.
Austal USA is also a 10-time Shipbuilders’ Council of America (SCA) safety award recipient and was the 2017 winner of the SCA Excellence in Safety award.
The accolades bode well for an industry with recent statistics showing that shipyard workers face an injury rate roughly 80 percent higher than construction jobs, according to the most recent labor figures.
Based in Mobile, Austal USA employs more than 4,000 workers. It designs and constructs two classes of ship programs for the U.S. Navy — the Independence-variant Littoral Combat Ship (even-numbered hulls) and the Expeditionary Fast Transport vessels.
The company’s supplier network includes more than 1,155 companies across 44 states supporting more than 34,000 U.S. jobs. Austal is currently as the fifth largest shipbuilder in North America.