Apple Valley MN exceeds 2010 total home sales
Last month, I wrote of the likelihood that Apple Valley would exceed 2010 in total homes sold. According to the Regional Multiple Listing Service of Minnesota, Apple Valley has passed 2010 in total sales as of today. The total number of homes sold in Apple Valley is 620, and the total for all of 2010 was 618. With 65 additional sales pending closing and another month and a half before year end, 2011 looks like the year when the market has started to show some signs of life.
Sellers who have come to terms with the market value of their homes are finding willing buyers. Buyers who recognize value when they see it have to act fast to make a reasonable offer, or they will lose out to another buyer. There is no urgency for buyers, but there is no indication that patience will be rewarded with substantial drops in prices or financing rates.
Whether you're a buyer or a seller/buyer, there has been enough stabilization return to the local market that waiting to make a lifestyle upgrade will only give you less time to enjoy the change. If you're considering making that big change, my advice is to do it now.