Magnolia Realty's Auburn Area Real Estate Update: February 2012

Below is a recap of real estate activity for January 2012 as compiled from the Lee County Association of Realtors database. You will note that inventories have decreased somewhat and prices are increasing. This is a positive trend for homeowners and and sellers. Also, it was reported that interest rates have dropped again! It has never been a better time to refinance or buy real estate. Please send this email on to others that follow our market and send me any questions you have regarding this report. RESIDENTIAL – January 2012 ALL AREAS: 770 Houses on the Market this month 48 Properties sold 195 Average days on the market 176 New listings $179,500 Median Sold Price $195,538 Average Sold Price $9,385,840 Total Property Sales Sold Dollar Volume AUBURN: 377 Houses on the Market this month 27 Properties sold 201 Average days on the market 92 New listings $246,000 Median Sold Price $275,525 Average Sold Price $7,439,170 Total Property Sales Sold Dollar Volume OPELIKA: 217 Houses on the Market this month 7 Properties sold 229Average days on the market 52 New listings $108,500 Median Sold Price $111,925 Average Sold Price $783,475 Total Property Sales Sold Dollar Volume CONDO – January 2012 AUBURN: 330 Condos on the Market this month 9 Properties sold 138 Average days on the market 50 New listings $150,000 Median Sold Price $127,944 Average Sold Price $1,151,500 Total Property Sales Sold Dollar Volume LOTS – January 2012 ALL AREAS: 664 Lots on the Market 2 Lots sold 196 Average days on the Market 13 New listings $ 58,500 Median Sold Price $ 58,500 Average Sold Price $117,000 Total Lot Sales Sold Dollar Volume All referrals are greatly appreciated!

A client of Rob's just purchased a luxury condo in downtown Auburn. If you are in the market for a condo, give Rob a call!