Home Sales at the Apple Valley Lake Are Rising in 2013
The Apple Valley Lake is experiencing a positive boost of home sales activity already this year. From January 1st, 2013 - September 5th, 2013 the Knox County MLS reports that Apple Valley that the number of home sales are 17 percent higher in 2013 than during the same period in 2012 and also compared to 2011.
Here are some interesting facts about Year to Date home sales at the Apple Valley Lake:
- 2013 - 82 Home sales with an average sales price of $143,914
- 2012 - 70 Home sales with an average sales price of $158,441
- 2011 - 60 Home sales with an average sales price of $171,475
What is interesting about the statistical info above is that there are more homes selling at the Apple Valley Lake in 2013 but the bulk of the sales activity hasn't been waterfront homes which is why the average sales price is more similar to the Knox County MLS average home sale. During the peak of the housing market the Apple Valley Lake averaged quite a bit higher due to the larger and more expensive waterfront homes being such a significant portion of the lake sales. Now with the increased home sales activity at the Apple Valley Lake in the lower and mid priced homes as well the averages have adjusted down a bit.
Some who read this may instantly believe that home prices are falling and that is just not the case. There is simply more affordable homes selling than expensive waterfront homes at the Apple Valley Lake. This year there are more homes selling under $150,000 than over $150,000 which is why the average sales price has adjusted down. Remember, if just a couple more $500,000 waterfront homes sell during the next month or two it can play a sizable part in raising the overall average sales price at the Apple Valley Lake in 2013 because most waterfront homes are selling for double and many lakefronts are selling for triple the price compared to the average non waterfront home.
Be sure to watch for our monthly Apple Valley Lake Home Sales Monthly Report because we will share with you the month end sales and averages.
Sam Miller
