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.