The first 6 months of 2010 have been busy at the Apple Valley Lake. From January 1st, 2010 through June 30th, 2010 there have been 43 homes sell at the Apple Valley Lake through the Knox County MLS. 14 of these 43 homes that sold actually closed with a sales price of $100,000 or under. This just goes to show that there are some exceptional values for those looking for a starter home and an affordable vacation property at the lake in Apple Valley Ohio.
There were 17 homes out of the 43 that sold between $100,000 to $150,000 with an average sales price of $130,444. There were only 4 Apple Valley lake front / Apple Valley water front homes that sold through the Knox County MLS during the first half of 2010 and the average sales price was $395,575.
There are 115 Apple Valley homes available through the Knox County MLS as of today. The average listing price for these homes is $219,924. I created a custom real estate report relating to the available Apple Valley lake community homes organized by price range below:
- 19 Homes that are priced between $65,000 to $100,000
- 30 Homes that are priced between $100,001 to $150,000
- 31 Homes that are priced between $150,001 to $200,000
- 9 Homes that are priced between $200,001 to $300,000
- 11 Homes that are priced between $300,001 to $400,000
- 5 Homes that are priced between $400,001 to $500,000
- 5 Homes that are priced between $500,001 to $600,000
- 4 Homes that are priced above $600,000
When I was reviewing my Apple Valley Lake real estate report I noticed that during the first 6 months of 2010 there had only been 3 home sales over $300,000. This is very interesting because there are currently 25 homes on the market in this price range for sale TODAY. If you assume that during the second half of 2010 this price range sees an increase in sales by 50% that still means there is an active supply that is equal to 18 months on the market and that doesn't take into account new listings that WILL come on the market.
We are no longer in a real estate market where the 3 most important factors are "Location, Location, Location". The new market requires the home to be priced competitively, well staged, accessible for showings and you need a marketing plan that will attract the "RIGHT" buyer for your home.
If you are interested in talking Apple Valley real estate regardless if you are interested in an entry level vacation home or an Apple Valley lake front home, my team and I would love to be your Apple Valley Lake REALTOR.
Sam Miller
REMAX Stars Realty
(740) 397-7800
Samsells@sammiller.com
AppleValleyOhio.com
