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Apple Valley Lake Real Estate Market Report Featuring Detailed Absorption Rates by Price Range

Wednesday, January 28, 2015
by Sam Miller

The Apple Valley Lake residential housing market is experiencing a very active January.  There are currently 48 homes for sale today at the Apple Valley Lake, there are 6 pending home sales and during the last 6 months there have been 65 Apple Valley Lake homes SOLD.  The number of homebuyer inquires who are calling and emailing us about our Apple Valley Lake residential listings are significantly higher today compared to last year.  Our online website property views on AppleValleyOhio.com are also on the rise with daily website page views often exceed 500 per day.  This is AMAZING considering the lake is frozen over and it is winter time.  The good news is that boating season and warmer weather is only a few months away

The graphic below is a detailed housing market report that highlights all of the most popular Apple Valley Lake real estate price ranges.  Take a really close look at the left side columns because we have broken each price range down so you can see which price ranges are hot.  The column to the far right shows how many months of available inventory is currently available in each price range.  You can also see each of these columns are highlighted by specific colors and the meaning of each color is described at the bottom of the graph (favors buyers, neutral or favors sellers).  

Apple Valley Lake Market Report with Absorption Rate Graphic by Sma Miller

HOTTEST PRICE RANGE:  Look at the $150,000 to $174,999 price range and you will notice that it is highlighted in red and this means there have been strong sales in this range and there are currently fewer homes available which makes these homes in demand (more buyers than sellers).  

LEAST ACTIVE PRICE RANGE:  If you look at the $300,000 to $324,999 price range you are sure to notice that this price range is experiencing the exact opposite and this price range is fairly flat today.  There is currently an 1 year supply of available homes in the $300,000 to $324,999 price range based on the sales activity during the last 6 months.  Take a look at the specific column that most closely matches your desired price range for an Apple Valley Lake home.  This detailed report offers you an insiders view of the Apple Valley Lake housing market.

Our team would love to answer any questions you might have about the Apple Valley Lake housing market so feel free to call or email us at anytime.

Thank you!

Sam Miller

#AppleValleyLake

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Apple Valley Lake Market Report

Wednesday, July 28, 2010
by Sam Miller

The first 6 months of 2010 have been busy at the Apple Valley Lake.  From January 1st, 2010 through June 30th, 2010 there have been 43 homes sell at the Apple Valley Lake through the Knox County MLS.  14 of these 43 homes that sold actually closed with a sales price of $100,000 or under.  This just goes to show that there are some exceptional values for those looking for a starter home and an affordable vacation property at the lake in Apple Valley Ohio.  

There were 17 homes out of the 43 that sold between $100,000 to $150,000 with an average sales price of $130,444.  There were only 4 Apple Valley lake front / Apple Valley water front homes that sold through the Knox County MLS during the first half of 2010 and the average sales price was $395,575.   

There are 115 Apple Valley homes available through the Knox County MLS as of today.  The average listing price for these homes is $219,924.  I created a custom real estate report relating to the available Apple Valley lake community homes organized by price range below:

  • 19 Homes that are priced between $65,000 to $100,000 
  • 30 Homes that are priced between $100,001 to $150,000
  • 31 Homes that are priced between $150,001 to $200,000
  • 9 Homes that are priced between $200,001 to $300,000
  • 11 Homes that are priced between $300,001 to $400,000
  • 5 Homes that are priced between $400,001 to $500,000
  • 5 Homes that are priced between $500,001 to $600,000
  • 4 Homes that are priced above $600,000

When I was reviewing my Apple Valley Lake real estate report I noticed that during the first 6 months of 2010 there had only been 3 home sales over $300,000.  This is very interesting because there are currently 25 homes on the market in this price range for sale TODAY.  If you assume that during the second half of 2010 this price range sees an increase in sales by 50% that still means there is an active supply that is equal to 18 months on the market and that doesn't take into account new listings that WILL come on the market.  

We are no longer in a real estate market where the 3 most important factors are "Location, Location, Location".  The new market requires the home to be priced competitively, well staged, accessible for showings and you need a marketing plan that will attract the "RIGHT" buyer for your home.  

If you are interested in talking Apple Valley real estate regardless if you are interested in an entry level vacation home or an Apple Valley lake front home, my team and I would love to be your Apple Valley Lake REALTOR.  

Sam Miller
REMAX Stars Realty
(740) 397-7800
Samsells@sammiller.com
AppleValleyOhio.com

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