Apple Valley, CA Market Report Week Ending 11/17/10
Here is the news you can use regarding the housing market.
There are currently 445 residential homes listed in Apple Valley.
Additionally there are
56 homes contingent. (That means they are waiting on further action from the seller or buyer. We can't put in pending until something agreed upon happens.)
There are 173 homes pending or in escrow.
The week of 11/11/10-11/17/10 had 22 homes sold.
7 went over asking, 4 at asking and 11 under asking.
Many listing noted multiple overs regardless of days on market.
The average home was 2085 sq ft. Sold at 73.16 a sq ft in 46 days for $155,223, which was $98.93 of asking price.
The lowest price home was $65K, it sold for cash.
The highest price home sold at $269,000. It sold with a conventional loan.
It's a great time to buy! Interest rates are great. Our affordabilityrate is very high. I was just looking at an article from 2006 talking about how hard is was to buy an affordable home. It was very "discouraging to new home buyers'. We as agents and home sellers look back on that as the good old days and when are things going to get back to housing prices then. Well folks we are never going to make everyone happy. Someone is always going to be out of the market. If it's your time to buy or sell, call me, lets get cracking. If you are waiting for the market to get back to the good old days. Hang on to my info and give me a call then, I'll still be here giving you these market reports.
One final thought, hope you had a very blessed Thanksgiving. One of my kid's has an assignment to write down 5 things to be thankful for every day. If I had the same assignment, on my list today, I would be thankful to you for reading my blog.
Thanks to VVAR.com for the stats.
Hamilton Landon GMAC
Apple Valley, CA
760 684 0250