Apple Valley Residential Sales Up 15% in 2011

By
Industry Observer

Apple Valley MN Residential Sales Increased 15% In 2011

Apple Valley has had a substantially improved year for sales of residential real estate.  According to the Regional Multiple Listing Service of Minnesota, there were 711 residential sales in 2011, which is approximately 15% more than the 617 tallied in 2010.  

While there are many ways to measure market trends, the total units sold represents buying interest and also suggests that there may have been more qualified buyers in 2011.  2011 sales did not exceed 2009 which totaled 791.  2009 and the beginning of 2010 were the years of the homebuyer tax credits, and many analysts believed that the credits would influence buyers to accelerate their plans to the detriment of the years following.  That seems like it explains the higher 2009 total.  

With an economy inching its way forward, and with improved real estate sales, there is cause for optimism that the worst of the real estate crash is behind us.  While home prices may go up or down, the drastic fluctuations of the past years will probably not be repeated soon. 

If you're thinking about buying or selling Apple Valley real estate in 2012, you need all the location-specific information you can find.  We invite you to make us your source of information about Apple Valley real estate and all your questions about buying and/or selling a home.  Calls and emails will be answered promptly.

 

Posted by

 Mike Carlier  Lakeville, MN

 

612-916-3033

 

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Minnesota Dakota County Apple Valley
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Rainer
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Michael S. Bolton
Michael S. Bolton,Inc. - Zimmerman, MN
MN Appraiser

Mike~More sales=less inventory, which=rising prices!

Have an AWESOME day!

 

Jan 05, 2012 09:56 AM #1
Rainmaker
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Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

The big unknown is whether banks are deliberately metering the number of listings to increase their return.  If they're not doing that, they probably should be.

 

Jan 06, 2012 02:57 AM #2
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Rainmaker
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Mike Carlier

More opinions than you want to hear about.
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