Apple Valley Lake Real Estate Report
Tuesday, May 25, 2010
This morning I was researching the number of available homes at the Apple Valley Lake for a client and I determined that there are 99 available homes currently for sale at the lake.
- There are 14 Homes that are priced under $100,000 with an average listing price of $85,821. For those of you who have heard rumors that you can't find an affordable home in Apple Valley we have another 14 reasons why that just isn't true. To put this into perspective a base 30 year mortgage at 5% interest based on a $85,821 loan amount is only $460.21 per month.
- There are 28 homes that are priced between $100,000 to $150,000 with an average listing price of $127,253. A sample base monthly house payment for a $127,253 loan at 5% interest for a 30 year term is $683.12.
- There are 26 homes that are priced from $150,000 to $200,000 with an average listing price of $168,994. A sample base monthly house payment for a $168,994 loan at 5% interest for a 30 year term is $907.20.
- There are 8 homes that are priced above $200,000 to $250,000 with an average listing price of $227,332. A sample base monthly house payment for a $227,332 loan at 5% interest for a 30 year term is $1,220.37.
- There are 5 homes that are priced above $250,000 to $300,000 with an average listing price of $287,010. This price range is typically where you could potentially start to find the entry level water front and lake front homes. Currently two of the homes in this price range have water frontage.
- There are 9 homes available in the Apple Valley that are priced above $300,000 to $400,000 with an average listing price of $356,777. All 9 of those homes feature either water frontage or lake frontage. This particular price range is VERY hot during the summer months. Roughly half the homes that sell in this price range and above are purchased as a vacation home or summer home.
- There are 9 Apple Valley lakefront homes available at the that are priced above $400,000 with an average listing price of $555,188. The lowest priced home in this price range is $419,000 and currently the highest Apple Valley home is listed for $795,000.
If you are interested in receiving an updated list of available Apple Valley homes sent directly by e-mail as new Apple Valley homes come on the market be sure to register for our Apple Valley Automated Listing Search.
All information listed above was derived from the Knox County MLS on May 25th, 2010 by REALTOR Sam Miller of REMAX Stars Realty (740) 397-7800.
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