Thursday, January 19, 2012
MARKET ANALYSIS FOR DECEMBER
This is a recap of last month’s real estate activity for residential properties. As you review December 2011 vs. 2010, you will notice that inventories have decreased, days on the market are mixed and prices continue to be lower. With interest rates still tracking at the lowest rated in 30 years, it is a good time to refinance or buy investment properties.
In the area of rental properties, the demand exceeds inventory! If you have (or know someone that has) a property we could represent through our Property Management Division, please let it be known.
RESIDENTIAL – December 2010 RESIDENTIAL – December 2011
ALL AREAS: ALL AREAS
865 Houses on the Market this month 728 Houses on the Market this month
56 Properties sold 65 Properties sold
192 Average days on the market 161Average days on the market
97 New listings 104 New listings
$192,000 Median Sold Price $161,500 Median Sold Price
$223,838 Average Sold Price $221,431 Average Sold Price
$12,534,928 Total Property Sales Sold Dollar Volume $14,393,033 Total Property Sales Sold Dollar Volume
AUBURN: AUBURN:
396 Houses on the Market this month 345 Houses on the Market this month
29 Properties sold 32 Properties sold
172Average days on the market 171 Average days on the market
34 New listings 51 New listings
$277,000 Median Sold Price $222,000 Median Sold Price
$290,002 Average Sold Price $293,701 Average Sold Price
$8,410,054 Total Property Sales Sold Dollar Volume $9,794,565 Total Property Sales Sold Dollar Volume
OPELIKA: OPELIKA:
278 Houses on the Market this month 197 Houses on the Market this month
18 Properties sold 19 Properties sold
255 Average days on the market 157Average days on the market
36 New listings 23 New listings
$141,450 Median Sold Price $132,000 Median Sold Price
$167,329 Average Sold Price $166,138 Average Sold Price
$3,011,929 Total Property Sales Sold Dollar Volume $3,156,623 Total Property Sales Sold Dollar Volume
We greatly appreciate your REFERRALS!
Thank you,
Bob Slocumb. Broker, ABR, SFR, RELO
"Everything I touch turns to SOLD"
# posted by Magnolia Realty @ 7:26 AM
LINDA LEE JOINS OUR TEAM
PRESS RELEASE
Auburn,AL January, 2012
Magnolia Realty, LLC is pleased to announce that Linda Lee has joined their team of professional Realtors as an Associate Broker. Linda has extensive experience in the real estate industry working with Buyers and Sellers in the fast paced residential market. She also has experience in the commercial and industrial segments assisting clients with property and business transactions.Prior to moving to Auburn, Linda has worked in the Greenville and Montgomery areas.
Linda is an active member of the Opelika-Auburn Newcomer’s Club and is the Social Event Chairperson. Linda and her husband, Albert, are members of the Heart of Dixie Mustang Club and they attend First Baptist Church of Auburn.
At Magnolia Realty “EVERYTHING WE TOUCH TURNS TO SOLD!” That's the motivation that drives Magnolia Realty. Bob Slocumb formed the company to meet the needs of both buyers and sellers and does so with the highest level of integrity and professionalism. Every Magnolia Realty Agent is highly trained, extremely committed and ready to help make your next move a smooth one. They know the emotions associated with families on the move because we have all been there! Magnolia Realty pledges to make your next real estate transaction pleasurable – guaranteed satisfaction! Contact us at 334-246-0770. www.MagnoliaRealtyLLC.com
# posted by Magnolia Realty @ 7:26 AM
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