Tuesday, February 6, 2007
by Sam Miller
I want to begin with what I call the state of the market for the Apple Valley Lake Community. The real estate market has been active with strong buying and selling activity already taking place early in the year. This activity is impressive considering Apple Valley is known to be a seasonal market which is generally a bit slower during the winter months. We have been very fortunate that the weather here in Apple Valley has been very mild even in January of this year. The real cold just settled in in February but it hasn't discouraged Apple Valley home and Apple Valley lot buyers. The current market trends for Apple Valley look very positive for 2007.
The following statistics are for home and lot sales for January 2007 in Apple Valley:
There were 8 Apple Valley homes that sold in January with an average sales price of $137,466. There were also 6 Apple Valley lots that sold during the same period.
Currently there are 101 homes for sale in Apple Valley throughout the community. Of those 101 homes there are 14 waterfront homes for sale with the lowest asking price of $374,900 and the highest listing price of $695,000. The average listing price for a waterfront home in Apple Valley is currently $465,506. There are 10 Apple Valley lakeview homes for sale with an average listing price of $173,995.
As of today there are 168 Apple Valley lots that are for sale within the lake resort. Of those 168 lots only 10 of those are waterfront properties. The average waterfront lot in Apple Valley is listed for $179,860 and the highest priced waterfront lot in Apple Valley is listed for $289,900. There are currently 6 lakeview lots for sale with an average listing price of $32,883.
In January 20 homes were listed for sale in Apple Valley and some of those 20 homes only 2 of them were new construction. The new home market in Apple Valley currently makes up less than 13% of the total number of homes for sale. Watch for an even stronger Apple Valley housing market in the months to come.
