Home Sale Stats for Auburn, Opelika and Lee County, Alabama

HOUSING STATS February 2009 & February 2010

RESIDENTIAL – FEBRUARY 2009	RESIDENTIAL – FEBRUARY 2010
ALL AREAS:	ALL AREAS:
943 Houses on the Market this month	924 Houses on the Market this month
59 Properties sold	44 Properties sold
162 Average days on the market	198 161
133 New listings	236 New listings
$166,080 Median Sold Price	$149,950 Median Sold Price
$183,597 Average Sold Price	$158,351 Average Sold Price
$10,832,210 Total Property Sales Sold Dollar Volume	$6,967,427 Total Property Sales Sold Dollar Volume
AUBURN:	AUBURN:
493 Houses on the Market this month	463 Houses on the Market this month
28 Properties sold	14 Properties sold
172 Average days on the market	203 Average days on the market
77 New listings	123 New listings
$207,500 Median Sold Price	$191,700 Median Sold Price

$237,296 Average Sold Price	$230,400 Average Sold Price
$6,644,290 Total Property Sales Sold Dollar Volume	$3,225,603 Total Property Sales Sold Dollar Volume
OPELIKA:	OPELIKA:
237 Houses on the Market this month	266 Houses on the Market this month
17 Properties sold	13 Properties sold
146 Average days on the market	245 Average days on the market
26 New listings	75 New listings
$144,500 Median Sold Price	$159,000 Median Sold Price
$151,413 Average Sold Price	$185,402 Average Sold Price
$2,574,020 Total Property Sales Sold Dollar Volume	$2,410,224 Total Property Sales Sold Dollar Volume

CONDO – FEBRUARY 2009	CONDO – FEBRUARY 2010
ALL AREAS:	ALL AREAS:
390 Condos on the Market this month	445 Condos on the Market this month
16 Properties sold	7 Properties sold
228 Average days on the market	101 Average days on the market
83 New listings	84 New listings
$159,953 Median Sold Price	$132,500 Median Sold Price
$168,519 Average Sold Price	$138,500 Average Sold Price
$2,696,310 Total Property Sales Sold Dollar Volume	$969,500 Total Property Sales Sold Dollar Volume
AUBURN:	AUBURN:
377 Condos on the Market this month	436 Condos on the Market this month
16 Properties sold	7 Properties sold
228 Average days on the market	101 Average days on the market
81 New listings	81 New listings
$159,953 Median Sold Price	$132,500 Median Sold Price
$168,519 Average Sold Price	$138,500 Average Sold Price
$2,696,310 Total Property Sales Sold Dollar Volume	$969,500 Total Property Sales Sold Dollar Volume
OPELIKA:	OPELIKA:
10 Condos on the Market this month	12 Condos on the Market this month
0 Properties sold	0 Properties sold
0 Average days on the market	0 Average days on the market
2 New listings	0 New listings
$0 Median Sold Price	$0 Median Sold Price
$0 Average Sold Price	$0 Average Sold Price
$0 Property Sales Sold Dollar Volume	$0 Total Property Sales Sold Dollar Volume

LOTS – FEBRUARY 2009	LOTS – FEBRUARY 2010
ALL AREAS:	ALL AREAS:
1115 Properties on the Market	851 Lots on the Market
3 Properties sold	2 Lots sold
514 Average days on the Market	901 Average days on the Market
77 New listings	27 New listings
$ 48,500 Median Sold Price	$ 45,750 Median Sold Price
$ 41,000 Average Sold Price	$ 45,750 Average Sold Price
$123,000 Total Property Sales Sold Dollar Volume	$ 91,500 Total Lot Sales Sold Dollar Volume
AUBURN:	AUBURN:
Not available	456 Lots on the Market this month
2 Properties sold	2 Lots sold
543 Average days on the Market	901 Average days on the Market
28 New listings	10 New listings
$48,750 Median Sold Price	$ 45,750 Median Sold Price
$48,750 Average Sold Price	$ 45,750 Average Sold Price
$97,500 Total Property Sales Sold Dollar Volume	$ 91,500 Total Lot Sales Sold Dollar Volume

OPELIKA:	OPELIKA:
Not available	171 Lots on the Market this month
0 Properties sold	0 Properties sold
0 Average days on the Market	0 Average days on the market
25 New listings	0 New listings
$ 0 Median Sold Price	$0 Median Sold Price
$ 0 Average Sold Price	$0 Average Sold Price
$ 0 Total Property Sales Sold Dollar Volume	$0 Total Lot Sales Sold Dollar Volume Monday Morning’s with Ashley – What’s Happening in the Auburn/Opelika Market? March 29, 2010 When I looked at the numbers from February sales about two weeks ago I was not very impressed. When just looking at the sold numbers and number of houses that came on the market in February it appeared things were not looking so good for Lee County. If you also look at national numbers, February was just an awful month all around for real estate. There are factors from weather to the market in general that can help explain why the month was so off. Luckily, the calendar turned to March and the weather is slowly heating up, as well as our market. NEW LISTING: 517 Dumas Drive, Auburn EXCELLENT LOCATION!! For a look at the numbers check out this link: CLICK HERE FOR HOUSING STATS FOR AUBURN, OPELIKA & LEE COUNTY FOR FEBRUARY 2010. RE/MAX Professional Partners at the Alabama Success Celebration! Bottom: Debbie King, Annette Langley (President's Club), Christina Soler Back: Larry Keeble (President's Club), Scott Langley (President's Club), Ashley Miller (100% Club) I want to make just a few quick points about the numbers from the above link. First, the total number of sold units was down by 15 from last year. This number was cut in half this month while Opelika held more steady at only a loss of 4 total units. Second, new listings were up by over 100 homes from a year ago but the total number of homes on the market is down by 19 homes. Third, the condo market in Opelika is NOT moving at all. There have been very few condos to sell in the last 6 months in Opelika. Auburn’s condo market is slow to respond positively too. There are more condo units on the market with 9 fewer selling this February than last. NEW LISTING IN COBBLESTONE: 959 Sandstone Lane, Auburn Now that you have looked over the numbers and read a little commentary on what you can see let me end on a more positive note. Since March 1, 89 homes in Auburn/Opelika have went into pending status. Fifty-six of these homes were in Auburn and thirty-three in Opelika. Pending is when a home has a contract ‘pending’ closing. Usually homes stay within this status for 30-60 days to get inspections and other items together for mortgages and the closing. This is an excellent sign of activity in the market. Part of the flurry has to do with the home buyer tax credit. In order to apply for the credit you must have a contract in writing by April 30, 2010 and close by June 30, 2010. So, as you can see the time if getting nearer to take advantage of this opportunity. Click this link for more info on the home buyer tax credit. Come back and check out the update for April to see if the number of sold properties improves for the month of March. Ashley D. Miller - 334-332-8328 - http://www.ashleydmiller.com/ - ashleymiller@remax.net