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AUBURN HOMES – COMPARING NUMBERS

Weichert Realtors Porter Properties
May 25, 2011

Is it Time to Buy? Auburn Homes by the Numbers.

When viewing homes in Auburn, a priority question on the minds of many buyers is… “Is it the right time for me to move forward considering today’s uncertain real estate market conditions.”

It is widely known the housing market has declined. While properties increasing become more affordable, both home buyers and sellers want to know when the real estate landscape will experience a turn around. They realize seizing an opportunity at the precise right time is optimal but is also unpredictable.

Homes in Auburn

Detailed numbers extracted from the Lee County Multiple Listing Service located in Lee County for Auburn & Opelika validate the overall decrease in properties surrounding this Alabama area. The corresponding values indicate homes in Auburn have dropped nearly 10% from this same time last year.

  April 2011 April 2010 Change
Average Selling Price – All Areas $165,338 $183,923 - 8.98%
Average Selling Price – Auburn AL $194,321 $209,279 - 9.28%
Average Sales Price – Opelika AL $149,654 $161,073 - 9.29%

While Auburn homes have become more affordable during April 2011 compared to April 2010, the statistics from the City Data website indicate these numbers actually spiked from 2009 which estimated the median house or condo value in 2009 was $181,557.

135 Solamere Lane, Auburn – Showcase Property

This property, listed by Weichert Realtors® – Porter Properties, is currently on the market for $299,000. This 4 bedroom, 2.5 bath features hardwood floors, a large kitchen island & granite countertops, built-in bookcases in the great room and an over-sized garage for large vehicles/workshop previously sold in 2007 for $342,500 which means a buyers could own this house for 13% less than they could have 4 years ago. Is this Auburn right for you?

When is the Right Time to Make a Move?

While the future values of homes in Auburn continue to be unpredictable some speculator indicators suggest affordable home ownership is an opportunity. Auburn Alabama Real Estate Company Weichert Realtors – Porter Properties assists buyers and sellers by helping them analyze all important personal considering factors to guide them so an educated decision can be made if today is the best time to buy or sell.

View all Auburn listings here.