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Apple Valley Market report for the week ending March 13, 2009

By
Real Estate Broker/Owner with Reputable Realty # 01804752

 

Hi Real Estate Fans, looks like good news to me, inventory is dropping.

Buyers note the price per square foot dropped a WHOPPING $10 in a month's time.

Are you seeing the light at the end of the tunnel?  It's getting bigger. Don't wait to long. You don't want to say, should have, could have, didn't.

 

Homes sold this week in Apple Valley ~ 23

They sold in the range of $210k-$41K.

21 were REOs.

1 was a short sale.

They were on the market for an average of 80 days.

The average price per sq ft. $61.18.

 

The houses sold for an average of  94.97% of selling price.

 

There are 300 houses pending, 48 of those went pending this week.

 

There are 585 active on the market,

111 of those are short sales and 

277 are bank owned.

 

Happy House Hunting from your Neighborhood Realtor,

 

Karen @ Hamilton Landon, Apple Valley, CA

 

Thanks to the VVMLS for the stats.

Show All Comments
Jay-Paul Lowry
Riverside, CA

i have heard from some Title Companies that there are over 1000 NOD filings per month in the high desert. when do you see values stablizing in your area?

 

JP Lowry--President--Preferred Financial Funding

Mar 14, 2009 10:40 AM
KAREN SANCHEZ
Reputable Realty - Apple Valley, CA
...Marketing your home like no one else will.

Hi JP,

Thanks for your comment,

Our market may be stable again in the next few years, but we have been more of a roller coaster ride than anything else.  Buy low, sell high.  We have a large group of sellers that are going to go crazy once the market turns around.  We are seeing signs that look like the bottom.  How long will we stay there?  Who knows.  It's crazy.

Mar 22, 2009 08:47 AM
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