Mobile industry sparks rise in Baldwin home sales - FOX10 News | WALA

Mobile industry sparks rise in Baldwin home sales

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As Airbus continues to develop its Brookley facility in Mobile and more support industries announce their intent to move in, excitement is building throughout the community. One industry that stands to profit from the growth is real estate, particularly residential home sales.

Just a few short years ago Baldwin County's real estate boom bottomed out. Subdivisions were abandoned by developers and soon weeds took over. Those days are over now and real estate officials hope it's for good.

“Our market started changing in 12 (2012) and so 13 (2013) there was a lot of newer homes being built which helped out in the absorption of the subdivisions that everybody saw laying dormant for so many years,” president of the Baldwin County Association of Realtors, Morgan Ashurst said Tuesday, June 16, 2015.

A prime example of that is at Old Field subdivision on Highway 181 in Baldwin County. There are homes that were built several years ago on one side of the street and on the other side of the boulevard, there is new home development. It's something that realtors are seeing more and more of.

Ashurst said the supply of homes on the eastern shore is going down so more new development is sure to come. He said the reason is that industry is moving into the area and good paying jobs are coming with it.

“With Austal, with Airbus and all that, that's what's bringing to our industry, where people can have really high paying jobs for everybody across the board that can afford to live in our market,” Ashurst said. “That's the beauty of what they're bringing to our market today.”

With an easy commute across Mobile Bay, Ashurst said Spanish Fort and the eastern shore are the most desirable locations for new home buyers. The future's hard to predict, but he said things look good for the short term.

“Our supply's going down and our demand is increasing so people are wanting to move to our market right now and I think that will continue over the next couple of years,” explained Ashurst.

Ashurst said the majority of new developments will see homes priced in the $350,000 to $450,000 price range.

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