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

Retired Marine pilot to speak at Veterans Day program

News

GALLERY: Winners named in OCAC’s annual juried art show

LBW Community College

LBW, CVF ceremony remembers veterans who have fallen to suicide

News

Former state senator Jimmy Holley passes away

News

Weaver wins Dist. 2 seat on Covington County Commission; voters support Moore in Congressional Dist. 1

News

Lowry, Pate shine in Trumbauer district theater, advance to state competition

News

Quarter-mile section of Murray Road to close for paving preparations

News

Two-vehicle crash leads to three deaths; investigation underway in Opp

News

The History Channel’s American Pickers will return to Alabama

News

Florala airport among those to receive state funds

Andalusia High School

AHS inducts students into National Honor Society

News

Voters will select new Dist. 2 commissioner in election

News

Jury returns verdicts in 2022 murder trial

News

Pilot Club members perform Founders Day presentation

News

Developer plans 20 rental houses at Packer Field

News

Former Bulldog goes viral with MAGA message

News

Guilty, not guilty verdicts returned in murder trial

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