Thursday, September 23, 2010

New Market News

The Feeding Frenzy is Over (edit/delete)
It looks like the feeding frenzy, with multiple offers going over asking price is slowing down. You can see that the trend is heading downward.

The asking price to sales price has been at 98-101% for quite some time.

This week we see the number of sales going over asking dropping. The average home last week sold at $96.63 of asking.

The number of sales coming in under asking is rising dramatically.

Here is the news that matters to you in The Town of Apple Valley, CA.

For the week ending Sept 17, 2010

There are 373 homes listed for sale.

There are 52 homes the are contingent.

37 homes went pending this last week.

170 pending over all.

33 homes sold this last week.

11 were standard sales

21 bank owned and

1 short sale.

7 went over asking price.

8 at asking price.

17 under asking price.

The average home was 1949 sq ft.

averaged 72.93 a sq ft.

was on the market 49 days.

The highest price home sold for $334,900

the lowest price home sold for $43,000,

the average home sold for $146,2823.

Thanks to the VVAR for the stats.

Friday, September 10, 2010

Apple Valley Home Sales News Week Ending 9/3/10

The Town of Apple Valley, CA Real Estate News
Are you considering relocating to the Victor Valley
As of 9/3/10

There are 389 active houses for sale.
52 homes are contingent
There are 173 homes in escrow.
This is a significant increase for last month.
37 went in to escrow in the week.
30 homes sold in the last week...
Average square foot of house is 2090
Average days on market 41
Average sale price $162,158
The % of sales price to list price 100.51
Lowest price home was sold for $63,900.
Thanks to VVMLS for the stats.
Happy House Hunting from Karen @ Hamilton Landon GMAC helping you make your Apple Valley home buying dreams come true.