BAP Blog Apple Valley Real Estate Market Condition Report and Outlook – Robust Real Estate Sales
Apple Valley Real Estate Market Condition Report and Outlook – Robust Real Estate Sales
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May 20, 2009, by Tom Marti

While no one has a crystal ball recent information and fact about the local home market in Apple Valley and the greater Victor Valley indicate some substantial changes are occurring. 

 

Even in the face of increasing home foreclosures, sales in April continue to break records for months now increasing 131% above April 2008.  Affordability has created demand for home throughout The High Desert with 83% of households now able to afford an entry level home compared to 65% a year ago. 

 

With home prices dropping another 5% in April we have reached pricing levels not seen since 2000.  For the last few months we are seeing pended sales levels that are higher than sold price a strong indicator that we have reached or are very near the bottom of price declines.

 

With home prices at this level, interest rates near all time lows the stage is being set for a future with very robust sales.

 

For Complete Details see our web site Apple Valley Real Estate and our Market Condition Report .


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