Business & Tech

Apple Valley July Home Sales Top July 2010; Decline in Sale Price Continues

After July, the number of closed home sales so far this year nearly matches 2010, but the July and year-to-date median sale prices are below where they were last year.

The number of closed sales on homes in Apple Valley during July well outdid the sales from July 2010, according to the latest report from the Minneapolis Area Association of Realtors.

Closed sales on homes during quarter two of 2011 , according to statistics released last month. But the 63 sales closed this July—compared to 38 during July 2010—brought the year-to-date sales within nine homes of where the city sat at the end of July 2010, with 378 this year and 387 last year.

Median home prices, however, declined during July. The $149,900 median sale price this year for Apple Valley homes as of the end of July was also lower than the median sale price during June this year, which was $167,900. It was nearly 19 percent lower than the $184,900 through July 2010.

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New listings are down almost 14 percent so far in 2011, compared to the same amount of time last year.


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