Market Reports For Apple Valley Lake Real Estate
Report for Apple Valley Lake
Let's take a look at at the real estate market for Apple Valley Lake. Currently there are 10 sales pending in the market overall, leaving 29 listings still for sale. The resulting pending ratio is 25.6% (10 divided by 39). So you might be asking yourself, that's great...but what exactly does it mean? I'm glad you asked!
The pending ratio indicates the supply & demand of the market. Specifically, a high ratio means that listings are in demand and quickly going to contract. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply.
Taking a closer look, we notice that the $100K - $150K price range has a relatively large number of contracts pending sale. We also notice that the $150K - $200K price range has a relatively large inventory of properties for sale at 9 listings. The median list price (or asking price) for all properties in this market is $200,000.
A total of 76 contracts have closed in the last 6 months with a median sold price of $162,525. Breaking it down, we notice that the $150K - $200K price range contains the highest number of sold listings. Alternatively, a total of 15 listings have failed to sell in that same period of time. Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time. The $150K - $200K price range has the highest number of off-market listings at 5 properties.
What are the odds of selling your home? The next chart shows a breakdown of the last 12 months, compared to 2016 and 2015.
Report for Apple Valley Lake Lots
Let's take a look now at the real estate market for Apple Valley Lake Lots. Currently there are 7 sales pending in the market overall, leaving 72 listings still for sale. The resulting pending ratio is 8.9% (7 divided by 79). So again you might be asking yourself, that's great... but what exactly does it mean?
As mentioned above, the pending ratio indicates the supply & demand of the market. Taking a closer look, we notice that the $3K - $5K price range has a relatively large number of contracts pending sale. We also notice that the $3K - $5K price range has a relatively large inventory of properties for sale at 42
listings. The median list price (or asking price) for all properties in this market is $4,500.
A total of 32 contracts have closed in the last 6 months with a median sold price of $3,450. Breaking it down, we notice that the $3K - $5K price range contains the highest number of sold listings. Alternatively, a total of 26 listings have failed to sell in that same period of time. Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time. The $3K - $5K price range has the highest number of off-market listings at 17 properties.
Want to learn more about the market in Apple Valley Lake? Download our free reports for Apple Valley Lake and Apple Valley Lake Lots today!
Download REAL ESTATE MARKET REPORT | APPLE VALLEY LAKE (PDF)
Download REAL ESTATE MARKET REPORT | APPLE VALLEY LAKE LOTS (PDF)
