March 2011 Market Report for Home Sales in the Town of Apple Valley, CA
In March 2011, there are 103 home sales reported so far on VVAR.com.
In March 2010, there were 115 homes sold as reported on VVAR.com
The average home sold was 1884 sq ft. it sold at $63.71 a sq ft. at 96.33% of asking price.
The highest price home sold at $343,000. The lowest at $20,400. The median price was $109,250.
27 homes sold at asking,
50 under asking and
26 over asking.
57 homes were REO or bank owned
that does not include
3 HUD homes and
1 home sold at auction.
There were 8 short sales.
26 standard sales
which did not include
7 flip houses.
1 home sold as a probate sale.
44 homes sold for cash.
32 had FHA loans
6 had VA loans.
20 had conventional loans
1 was private financing.
23 houses sold under $50 a sq ft., generally speaking this is a cash price and most won’t be able to qualify for a loan due to condition of the property. There was an exception in the bunch. But isn’t there always. But that was 1 in a hundred as the saying goes.
The average home was 1602 sold at 93.63% of asking price at $39.27 a sq ft.
The highest price home was $145,000. The low was $20,400 and the average was $55,780. These homes may need carpet or may be damaged by fire.
This report does not include homes sales reported on other MLS systems.
Thanks to the people that have been waiting patiently for my next report.
I had an auto accident and it took me a little while to get my mojo back.
My blogging did suffer. But I’m almost back to normal and trying to get caught up.
As always, Happy House Hunting from Karen Sanchez @ Real Living Hamilton Landon
CA DRE #01804752
Cell 760 684 0250