The Apple Valley Lake housing market is experiencing a quicker pace in home sales since January 2014 and as the spring and summer market reaches the peak season there will be more homes SOLD and the days on market should remain robust.
Analysis of sold properties for the last six months reveals a median sold price of $125,000 and 44 days on market.
Since the recent DOM is less than the median DOM for the last 6 months, it is a positive indicator for demand. It is always important to realize that real estate markets can fluctuate due to many factors, including shifting interest rates, the economy, or seasonal changes.
Ratios are simple ways to express the difference between two values such as list price and sold price. In our case, we typically use the list-to-sale ratio to determine the percentage of the final list price that the buyer ultimately paid. It is a very common method to help buyers decide how much to offer on a property.
View all of our available Apple Valley Lake homes for sale at this link.
Sam Miller of REMAX Stars Realty 740-397-7800 Apple Valley Lake Real Estate