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

Opp Chamber announces winners of first pie baking contest

News

Domestic violence conviction leads to 25-year sentence for Andalusia man

News

Courtney Bowers honored as AOPA’s Boss of the Year

News

Sen. Tommy Tuberville speaks at PowerSouth luncheon

News

Two named to Leadership Alabama class

News

Andalusia glass repair tech wins gold in Orlando

News

Covington among counties under fire danger advisory

News

MONSTER MASH DASH RECORD: AOPA’s annual fundraising event continues to grow in support of scholarships, other needs

News

Covington County Commission votes to stop funds for Point A Park

News

Man gets 25 years for child obscenity charges

News

GALLERY: Habitat House will be built for Benson family

LBW Community College

LBW baseball team helps with new Habitat House

News

Andalusia Chamber reveals 2024 Christmas in Candyland, parade dates

News

Covington County Honor Flight veterans visit Washington, D.C.

News

Jacqueline Dorsey takes on battle; cancer-free for two months

News

Community Christmas registration set for 2024

News

Andalusia BOE sets path toward sidewalk project

News

Agriculture awards to be presented at Farm City Banquet

News

Habitat Blitz set this week

News

SEE YOU AT THE FAIR: Kiwanis Covington County Fair now open

LBW Community College

GALLERY: LBW Foundation’s Camellia City Classic raises over $50,000

News

T&C Pharmacy installs Prescription Drug Disposal Box

LBW Community College

CAMPUS IMPROVEMENTS: LBW, with help from others, make lasting recreation area improvements

News

Pilot Club inducts three new Members, selects ambassador for Pilot International