The Apple Valley Lake was a very active community during the past couple days as we celebrated the Fourth of July over the weekend with lots of fun festivities. We were treated to some of the best fireworks that we have ever seen at the Apple Valley Lake and the weather and sky were clear and beautiful making it ideal for picture taking.
Photo taken on July 5th, 2014 at the south common area near the Apple Valley Campers Village. Photo by Sam Miller
The Apple Valley Lake housing market has been experiencing a strong increase in buyer activity now that the fall weather has finally arrived. You may be wondering what I mean by "finally arrived" and you may not know that Central Ohio experienced one of the coldest and longest winters in over 20 years. The good news is the weather is gorgeous, sunny and warm, June has arrived and school is out for the season.
This report offers some insight on the Apple Valley Lake housing market during the last 6 months. It factors in the 76 active listings, the pending home sales, the expired listings / off market homes and the 31 Apple Valley Lake homes that have already SOLD Since December 1st, 2013 - June 1st, 2014. This report takes into account how many months of active listing inventory is available and calculates the number of sales averaged each month and the far right hand column shows you the current absorption rate (how many months of available inventory based on the monthly homes sold).
This report offers some very useful information because it helps sellers determine how aggressive they will need to be when they select a listing price for their home. This info is also beneficial for buyers because they can tell which price ranges have more available listings than buyers because when the absorption rates shows over 12 months of inventory that is an indication that particular price point favors the buyer.
The location of this Apple Valley Lake lot is what sets it apart from many other lots in this price range because this lot is located across the street from Bennett Park at the Apple Valley Lake!!!
If you are in the market to buy or sell a home or lot at the Apple Valley Lake be sure to connect with Sam Miller and his real estate team at REMAX Stars Realty 740-397-7800 AppleValleyOhio.com.
"Like" our Apple Valley Lake Ohio Facebook page and you will be able to view weekly Apple Valley Lake community and real estate updates.
Contact any of our Apple Valley Lake Specialist Sam Miller Team Members at REMAX Stars Realty 740-397-7800.
This is one of the most affordable Apple Valley Lake lots for sale at the Apple Valley Lake today and it offers the exact same amenities and access to the same privileges as a $10,000 or $20,000 lot. You can view additional listing information about this property by clicking on Lot 70 Grand Valley View Subdivision at the Apple Valley Lake in Knox County Ohio.
If you are in the market to buy or sell a home or lot at the Apple Valley Lake be sure to connect with Sam Miller and his real estate team at REMAX Stars Realty 740-397-7800 AppleValleyOhio.com.
"Like" our Apple Valley Lake Ohio Facebook page and you will be able to view weekly Apple Valley Lake community and real estate updates.
Contact any of our Apple Valley Lake Specialist Sam Miller Team Members at REMAX Stars Realty 740-397-7800.
Apple Valley Lake home sales have been on the rise and we have been experiencing a boost in home sales. This report highlights the Apple Valley Lake home sales activity over the last 6 months comparing the number of Apple Valley Lake homes that sold with the available homes for sale along with pending home sales and off markets. This report offers a much more detailed view of the Apple Valley Lake real estate market than the typical reports that only show the number of homes SOLD.
The very top section of this report breaks down each segment of the Apple Valley Lake housing market and it features the absorption rate for each specific price range. This is very important because it paints the most accurate picture of the housing market and demand. Take an extra close look at the far right side of this report and you will see that the column is broken down by color coding and each color identifies if that price range currently favors buyers or sellers based on the available months of inventory. Red favors the sellers because there is a shortage of listings based on recent home sales and blue favors buyers because there is currently more available homes than buyers buying in that price range. The housing trends and absorption rates that are featured in this report are constantly changing especially during the different seasons so be sure to watch for our weekly updated Apple Valley Lake housing reports.
Let's take a look at the Apple Valley Lake real estate market activity. Currently there are 3 home with sales pending in the market overall, leaving 39 homes still for sale. The resulting pending ratio is 7.1% (3 divided by 42). 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. These numbers change dramatically at the Apple Valley Lake depending on the time of year and weather conditions. This time of year with snow on the ground and when the lake is frozen over there are simply fewer buyers looking than compared to the peak boating season during the summer.
During the winter months the pending ratio typically ranges from 6% to 9% which is when the ratio is at it lowest for the year. During the spring and summer we can see the "sale pending ratio" approach 25%. The sunshine months bring people to the lake for a little fun in the sun boating, jet skiing and spending time at the beaches. When people are on the lake it boosts buyer interest and also drives demand for Apple Valley Lake homes.
Taking a closer look at the graphic above, we notice that the $50,000 to $100,000 price range has a relatively higher number of contracts pending sale. We also notice that the $100,000 to $150,000 price range has a relatively large inventory of properties for sale at 14 listings. The median list price (or asking price) for all properties in this market is $142,500.
A total of 66 home sales contracts successfully sold and closed at the Apple Valley Lake in the last 6 months with a median sold price of $123,500. Breaking it down, we notice that the $100,000 to $150,000 price range contains the highest number of sold homes. The graphic above shows the level of home sales at the Apple Valley Lake during the last 6 months (in blue) and it also shows the number of homes that were either withdrawn or expired from the market (in black). The graph demonstrates that there are hot spots in the Apple Valley Lake housing market. When the spring season is upon us the these market trends will begin to shift and the Apple Valley Lake housing market will begin to bloom once again.
Facebook users, If you would like to be plugged into regular Apple Valley Lake updates connect with us by clicking and "Liking" our Apple Valley Lake Facebook page.
The annual fireworks celebration is scheduled for Saturday, July 5th, 2014. The day is typically filled with lots of activities and other events such as the ski show and other beach and lake activities. If you have never experienced the fireworks from a boat before I highly recommend that you make plans this year to do it. Bucket List Worthy!!!
The fireworks are typically launched near the Apple Valley Lake Clubhouse which is located near the mid point of the lake making it idea to view from the water without being directly under the fireworks. If you enjoy taking photos this is one of the best times of the year to capture an amazing photo at the Apple Valley Lake because you can capture the fireworks and an amazing reflection in the lake.
The 2013 Apple Valley Lake housing reports the strongest increase in annual home sales this community has experienced since 2007. The detailed report below was created using statistical date from the Knox County Ohio MLS by Apple Valley Lake REALTOR Sam Miller of REMAX Stars Realty.
17.9% increase in the number of homes sold in 2013
12% increase in the odds of selling your Apple Valley home in 2013
Apple Valley Lake market averaged 10.2 homes sales per month
Nearly 10% fewer homes remained unsold compared to 2012
In 2012 there was a 9.4 month supply of available homes and only 4 month supply in 2013 which confirms that the Apple Valley Lake housing market is more balanced today.
Report data compares 2013 and 2012 Apple Valley home sales activity
Have you ever thought it would be nice to own the adjoining lot to your property at the Apple Valley Lake? We are offering a unique service that could make owning an adjoining lot much easier than ever before. Our team will research the property owner information for the adjoining lot that you want to buy. Even if the lot is not currently listed for sale, we will contact the owner of the lot about arranging a potential sale of the lot for you. If the owner is not ready to sell the property we will enter your desired lot into our "Lot Watch Program" so that we can update you when the owner decides to sell. If you are interested in this service you can register for FREE right now at BuyTheLotNextDoor.com.
Today is 11-12-2013 and the first snowfall has already arrived at the Apple Valley Lake! Our first snow came a little sooner this season than I expected and with the warmer temperatures that are headed our way, I expect this snow will melt away be the weekend. I can remember many years when our first snow hasn't arrived until after Christmas which is why the snow today is a little surprising.
