June 1st is already here and I have run the report for the Apple Valley Lake home sales for May 2011.  Last month there were 5 homes that successfully sold at the Apple Valley Lake with an average sales price of $134,700.  The total combined sales volume of the Apple Valley Lake home sales for May is $673,500.  Last month the home sales at the Apple Valley Lake were down substantially because in May 2010 there were 15 home sales at the Apple Valley Lake which is triple the the number of sales last month.

 

Fewer home sales this past May isn't a big surprise to me because many Apple Valley Lake home buyers have made home sale contingent offers on homes they want to buy but they need to sell their current Apple Valley Lake home first.  This means that once their current home sells we could experience a big boost in sales.  The reason for the boom is that the the buyer would be selling their current Apple Valley Home and then immediately closing on their new / replacement home in Apple Valley which would create two sales at once.  Now that we are in the peak selling season for home sales at the Apple Valley Lake I believe home sales in most price ranges will experience the boost in buyer and home sales activity.