Real estate sales good

It’s a good time to sell and it’s a good time to buy – that’s the advice of area Realtors after examining industry figures from 2013.

Donna Raines, Covington County Board of Realtors president, said 10 percent is the magic number for 2013.

“When we look at numbers for the overall year, sale were up 10 percent from 2012 to 2013; the average sale price went up 10 percent and the average days on the market went down 10 percent,” Raines said. “And that’s great news.”

For 2013, the average sale price was $110,738, while the average number of days a home stayed on the market before being sold was 203.

“That’s down from 228 days in 2012,” Raines said. “The biggest change we saw was in homes between $100,000 and $200,000. We sold more in that price range; whereas before, it was in the zero to $100,000 price range.”

For property owners, that means good news, Raines said.

“Property values are up 10 percent from 2012, and we’re expecting 2014 to be another year that property values appreciate,” she said. “All areas of the county are experiencing sales. Now is a good time to buy and it’s a good time to sell.”

Raines said that additionally the number of foreclosures has decreased. An Internet search revealed 10 foreclosures in the county.

“And that’s far less than what we’ve had in the past,” she said. “That’s a sign of a better economy, and I think that’s what the 10 percent across the board means – a sign of a better economy.”

 

SportsPlus

News

Mathews releases latest book with focus on the Christmas story

News

New ramp being built at courthouse

News

GALLERY: Community Christmas tradition provides gifts to 240 children

News

Two arrested on drug charges

News

APD seeks suspect in domestic violence case

News

Cozart receives life sentence for role in 2022 murder of Trey Cobbins

News

Andalusia City Council approves Municipal Court move, 3rd Avenue and Heritage Park projects

News

Andalusia Area Chamber of Commerce seeks nominations for 2025 Business of the Year

News

DAR remembers veterans this holiday season with Wreaths Across America ceremony

News

Red Level eighth grader places fourth at national ASCA competition in Nebraska

Andalusia High School

County’s JAG students unite for leadership conference

News

FOOT IN THE DOOR: Poston brings podiatry practice to Andalusia

News

Jeff Puckett retiring from utilities board

News

County unemployment up slightly in October

News

Defendant pleads guilty in sexual abuse case

News

Report shows locals spend $1,707 for monthly bills

News

CCBOE adopts revisions to cheerleading selection policy

News

Creel receives top company award from Mediacom

News

EMA: Tornado touched down in county Tuesday

News

Sanders Jewelry expands with opening of new location

News

Opp officials receive reports of scam calls involving electric bills

News

APD responds to domestic calls, one involving a gunshot the other a knife

News

Suspect’s probation revoked after leading police on high-speed chase

News

Southeast Gas presents funds to City of Andalusia