Posts Tagged ‘market’
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Friday, January 13th, 2012
Should buyers be excited about buying homes in Auburn in 2012?
What does the 2012 real estate market look like?
 Based on the past performance of local real estate markets, 2012 is going to be an exciting year for buying and selling homes in Auburn and Lee County, Alabama. After years of steady growth and appreciating property values, Auburn homes and property values across the U.S. have dropped.
Despite these turbulent conditions in local and national realty markets, home sales are up, prices are down and the housing inventory is moving quickly.
Attractive prices for historic homes, suburban properties, condos and new constructions mean faster sales and a housing inventory that has dropped 7.5 percent. Today, and as we move further into 2012, there will be plenty of properties available so buyers can take advantage of competitive prices while enjoying a comprehensive selection of properties across the Auburn – Opelika AL area. Current statistics show there are more than 900 local properties with a median price of $149,000, which means many homes could be yours for less than $100k.
According to data from the Alabama Center of Real Estate (ACRE), an organization affiliated with the University of Alabama, the average sale price for homes in the Opelika-Auburn Area and Lee County dropped 15 percent during 2011, which means a three-bedroom house with top-notch amenities can be purchased today for $160,000 compared to the $177,000 a buyer would have paid for the same house a year earlier.
New Construction Homes in 2012
The pricing of new constructions homes in Auburn have seen a modest increase of 5.9 percent during the past year, which means 2012 will be a great time to purchase a new home or condo before the prices go up. One of the most exciting statistics is Auburn home sales have increased more than 24 percent over the past year. In fact, the ACRE reported that growth in the Auburn real estate market exceeded the state average where 64 percent of local markets experienced improved sales numbers.
Buying and Selling Homes in Auburn in 2012
As a current homeowner looking to sell, your chances of finding a buyer quickly are growing all the time. The year 2012 will be a great time to buy and sell Auburn homes. Auburn real estate market forecasts and predictions from the statistical analysis provider Forecast-Chart.com estimate home prices may continue to fall over the next 12 months, which means now is the ideal time to list your home, trade up or secure your first property.
Viewing Homes in Auburn for Sale
Whether home values go up or down, some things will always stay the same here in beautiful Auburn, Alabama, like our top-rated schools, Auburn University and the historic downtown area. If you’re buying, selling or relocating to this thriving college community for work, school or family, 2012 will provide you with a great window of opportunity. Use the online map search feature at http://www.PorterProperties.com to search, save and share your favorite properties.
Auburn Homes: al, alabama, auburn, Auburn Homes, Auburn Homes, auburn real estate, Auburn University, buyers, Buying, condo, historic, home, homes in auburn, lee county, map, market, Opelika AL, property, real estate, realty, sale, search, selling, university
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Tags: al, alabama, auburn, Auburn Homes, auburn real estate, Auburn University, buyers, Buying, condo, historic, home, homes in auburn, lee county, map, market, Opelika AL, property, real estate, realty, sale, search, selling, university
Posted in Auburn Homes |
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Wednesday, December 7th, 2011
View Over 670 Auburn Homes for Sale Currently Listed at Under $200,000
The listing price of homes for sale in Auburn AL can range from $20,000 to nearly $2,000,000. Similar to other real estate markets homes for sale under $200,000 are popular amongst homebuyers today.
Homes for Sale in Auburn AL Highlights
Single Family Home offered at $190,000
355 GARDNER DR, AUBURN, AL 36830
A 3 bedroom – 2 bath home built in 1950 located in the city limits and close to campus.
Needs a little TLC but has great potential. Original Hardwoods, in-ground pool and 2 storage sheds.
Contact Auburn Realtor Rick Coffin for more details. ph 334-887-2070 – email rcoffin@porterproperties.com
Tiger Suites Condo offered at $160,000
430 W GLENN AVE #408 , AUBURN, AL 36830
Galley kitchen with a two burner cook top & great balcony. All units come professionally decorated, fully-furnished including beds and bedding, bath linen, dishes, patio furniture, bedroom TVs, living room TVs, a sleeper sofa, lamps, tables & more.
Rental program available. Fitness center, on-site staff, elevator.
Contact Auburn Realtor Gloria Pritchard Gittings for more details. ph 334-887-2070 – email gloriah@porterproperties.com
 Land for Sale offered at $139,900
Lot 101 Brenton Court, AUBURN, AL 30240
A fabulous 2.6 acre lotA beautiful 2.6 acre lot in Asheton Lakes. Located on Brenton Lane, this lot backs up to a beautiful creek.
This wooded lot is not only full of gorgeous hardwoods, it provides privacy–no home will ever be built behind the lot. Seller will consider owner financing.
Contact Auburn Realtor Jeff Clary for more details. ph 334-887-2070 – email claryje@gmail.com
There are currently 670 plus homes for sale in Auburn AL for under $200,000.
Property types include single family, condominiums, vacant land (build a home), town-homes plus more. Something for everyone.
To view the above homes for sale in Auburn or all listings currently on the market listed under $200,000 visit PorterProperties.com. Real Estate listings are online 24/7 so you can view them from the comfort of your home.
Auburn Homes: 3 bedroom, al, auburn, auburn al, Auburn Homes, Auburn Homes, auburn homes for sale, auburn realtor, condo, family, home, homes for sale in Auburn AL, homes in auburn, land, market, real estate, realtor, sale, wooded lot
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Tags: 3 bedroom, al, auburn, auburn al, Auburn Homes, auburn homes for sale, auburn realtor, condo, family, home, homes for sale in Auburn AL, homes in auburn, land, market, real estate, realtor, sale, wooded lot
Posted in Auburn Homes |
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Tuesday, November 15th, 2011
What Auburn Home Buyers Could Expect to Pay
Auburn home MLS listings can range from $3 M plus to under $20,000. This is an incredible discrepancy that offers a wide range of buying advantages. Similar to most real estate markets, location is often the driving factor that dictates the value of a property.
Auburn Homes for Sale
A snapshot of three MLS listings currently on the market in Auburn Alabama.
 Auburn Home #1
2895 Hamilton Road
List Price: $960,000
Total Bedroom Count – 6
Total Bathroom Count – 6
Square footage – 8,803 sq. ft.
Property Description
This magnificent custom built home in 1997 has numerous upgraded amenities and unique features including brick siding, gourmet kitchen with Jennair appliances, basketball court, swimming pool, security and vacuum systems to name a few.
 Auburn Home #2
1097 Walden Lane
List Price: $349,500
Total Bedroom Count – 4
Total Bathroom Count – 4
Square footage – 3,299 sq. ft.
Property Description
Built in 2010 a beautiful European and American architectural styled Auburn home with a spacious kitchen that has granite counter tops, stainless appliances and all wood cherry finished cabinets. Additional special features include hardwood floors throughout the great room, dining room, hallways and foyer and a beautiful fireplace set up for gas logs.
 Auburn Home #3
1094 Princeton Place
List Price: $128,900
Total Bedroom Count – 3
Total Bathroom Count – 2
Square footage – 1,554 sq. ft.
Property Description
An updated condo built in 1997 and is located near the center of town.
What determines Auburn home prices?
When a property is listed on the Multiple Listing Service a property comparison report or similar is produced by the real estate agent. Homeowners can use this report to determine listing price options along with other relevant advice from their real estate agent.
A property comparison report contains recently sold homes that are comparable to the subject property. Adjustments are made to the subject property for features such as square footage, over all condition, bedroom count plus more.
Making Your Offer
How much will you pay for you next Auburn home? Because the listing price is set, this may or may not be what you can expect to pay. Prior to making an offer gathering data by researching comparable homes and understanding the existing real estate market are an essential part of the home buying process. Good negotiation skills may also contribute to the ultimate accepted purchase price.
Contact Weichert Realtors – Porter Properties a local Auburn real estate company for a free comparative market analysis or to schedule a property showing. Auburn home real estate search can be found online 24/7 at PorterProperties.com.
Auburn Homes: auburn, auburn al home for sale, Auburn Homes, auburn homes for sale, Auburn Listings, auburn real estate, buyers, Buying, condo, home, market, market values, porter properties, property, purchasing, real estate, search, weichert
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Tags: auburn, auburn al home for sale, auburn homes for sale, auburn real estate, buyers, Buying, condo, home, market, market values, porter properties, property, purchasing, real estate, search, weichert
Posted in Auburn Homes, Auburn Listings |
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Friday, September 9th, 2011
What are the most popular market values of homes in Auburn?
According to factfinder.census.gov the average market value of Auburn homes is under $100,000.
So what can an Auburn real estate buyer expect to find for sale in this price range?
Auburn Homes – Highlights and Statistics
The 2000 data revealed the total number Auburn homes to be 1,963,711. Over 42% of these properties were 1 unit detached single family homes.
Auburn Home Values
The data further submits the majority of homes in Auburn range in value from $50,000 to $99,999 with the median value of $85,100. These numbers represents over 40% of homes in Auburn. Additional research identified slightly over 300 existing homes in Auburn for sale in this price range.
Specified owner-occupied units
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918,570
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100.0%
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| VALUE |
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| Less than $50,000 |
176,187 |
19.2 |
| $50,000 to $99,999 |
392,400 |
42.7 |
| $100,000 to $149,999 |
180,391 |
19.6 |
| $150,000 to $199,999 |
84,488 |
9.2 |
| $200,000 to $299,999 |
52,724 |
5.7 |
| $300,000 to $499,999 |
23,363 |
2.5 |
| $500,000 to $999,999 |
7,052 |
0.8 |
| $1,000,000 or more |
1,965 |
0.2 |
| Median (dollars) |
85,100 |
(X) |
Auburn Homes from $50,000 to $99,999
To expand upon this targeted range of property values and understand what features a buyer can expect to find let’s look at an Auburn home currently on the market for $89,000 and listed by Rick Coffin of Weichert Realtors – Porter Properties.
Introducing…
6556 CO RD 0022, AUBURN, AL 36830
| Bedrooms: |
3 |
| Bathrooms: |
1.5 |
| Full Baths: |
1 |
| Half Baths: |
1 |
| Lot Size: |
43560 |
| Sq.Ft.: |
1,250 |
| Year Built: |
1972 |
| County: |
MACON |
| Subdivision: |
Outside Lee Co |
| MLS #: |
98586 |
Additional Property Features
Newly remodeled and priced to sell! 12 miles to Auburn City Limits. 3BR/1.5BA with new stove, dishwasher to remain, new carpet, freshly painted and one-car carport. Spacious fenced-in yard with a private setting, perfect for the first-time homebuyer.
To view all Auburn homes online 24/7 (click) or visit Weichert Realtors – Porter Properties.
Auburn Homes: al, auburn, auburn for sale, Auburn Homes, Auburn Homes, auburn real estate, family, find, home, homes in auburn, market, market values, property, real estate, sale, single, unit, weichert
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Tags: al, auburn, auburn for sale, Auburn Homes, auburn real estate, family, find, home, homes in auburn, market, market values, property, real estate, sale, single, unit, weichert
Posted in Auburn Homes |
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Saturday, August 13th, 2011
Buying property in Auburn or anywhere else can be stressful.
Proper preparation can help eliminate most stressful situations.
 There are many stages and procedures involved in a real estate transaction. Prior to viewing homes there are certain measurements that can be taken to make the transaction as stress free as possible.
This checklist should be used as a guide to make it easier to find the ideal Auburn property in the shortest amount of time while eliminating elements of surprise.
Choose an Auburn Realtor
Choosing a Realtor in Auburn that is knowledgeable about current market trends, one who can compare recent sales to Auburn properties of interest, is a good negotiator, listens to your objectives, is willing to answer questions and expresses an overall attentiveness in your best interest can be invaluable.
Requesting references from a Realtor can help you select the right one.
Affordability
Learning how much you can afford and obtaining a monthly payment that is comfortable to you is another important first step. This can be accomplished by obtaining a pre-qualification letter from a mortgage lender. The lender can also provide other financial qualifications such as down payment requirements, necessary net worth requirements, mortgage insurance payments, interest rate options plus more.
Wish List
A written wish list that prioritizes desired property locations, features and amenities can be used as a check list when visiting numerous properties for sale. It can also be used to help communicate your perfect home requirements with your Realtor. While it may not be possible to get everything on your wish list, getting most might be considered a success.
Every home buyer has different situations and needs that are unique to their personal circumstances. Use these 3 steps as a guide to help eliminate unnecessary complications and enjoy a great experience to purchase your dream property in Auburn.
If you have questions about buying property in Auburn, local Auburn Realty Weichert Realtors – Porter Properties is always ready to help by providing reliable answers.
Auburn Homes: al, auburn, Auburn properties, auburn realtor, Auburn Realtors, auburn realty, buyers, Buyers, Buying, experience, find, home, market, porter properties, property, property in auburn, purchasing, real estate, Real Estate FAQS, realtor, realty, weichert
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Tags: al, auburn, Auburn properties, auburn realtor, auburn realty, buyers, Buying, experience, find, home, market, porter properties, property, property in auburn, purchasing, real estate, realtor, realty, weichert
Posted in Auburn Realtors, Buyers, Real Estate FAQS |
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Tuesday, August 2nd, 2011
 Fixer-uppers refer to homes in various states of disrepair or those that have not been updated in many years and need renovation.
Intrepid buyers who purchase homes in Auburn AL that need work should consider the cost and time involved in the renovation project. Once improvements have been completed most expect an increase to the homes market value.
A renovation project can be either a minor or a major task depending on the scoop of the improvements or renovations being made. Cosmetic upgrades such as replacing fixtures, painting or other minor improvements take less time and money.
Auburn AL Homes and Buying Objectives -
A fixer upper can be a good investment if used to convert an existing structure into a dream come true residence or as an investment. Those purchasing a home to live in expect to pay less than the market warrants. Real estate investors who buy fixer uppers usually sell the home once the work is completed.
Buying the least desirable house in the most desirable neighborhood is a practice some real estate investors abide by. A buyer that plans on living in the home after renovations are completed should look for a property in a neighborhood or community that matches their lifestyle.
Homes in Auburn AL that need fixing up can be a good investment. There are many factors to consider if this route is better investment than purchasing a home that is in move in condition.
Expert Help Buying Homes in Auburn
If you want to explore fixer upper homes for sale in Auburn AL contact Weichert Realtors – Porter Properties. Experience and local real estate market knowledge from an expert can help you analyze the pros and cons associated with purchasing homes in Auburn AL.
Weichert Realtors – Porter Properties Contact Info
Auburn Homes: agent, al, auburn, auburn al, Auburn Homes, Auburn Homes, auburn real estate, buyers, Buyers, Buying, experience, fixer uppers, home, homes for sale in Auburn AL, homes in auburn, improvements, market, porter properties, property, purchasing, real estate, Real Estate FAQS, renovation, sale, weichert
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Tags: agent, al, auburn, auburn al, Auburn Homes, auburn real estate, buyers, Buying, experience, fixer uppers, home, homes for sale in Auburn AL, homes in auburn, improvements, market, porter properties, property, purchasing, real estate, renovation, sale, weichert
Posted in Auburn Homes, Buyers, Real Estate FAQS |
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Wednesday, July 20th, 2011
Home buyers in Auburn AL commonly ask this question…
When is the best time to buy a home?
There are several reasons someone may decide now is the time to buy or put the decision off. Nobody can know except for you!
We are bombarded with real estate news. The real estate environment is constantly changing. And while it is smart to understand the local real estate trends and conditions, there is never a perfect answer to this common question.
The decision to buy a home is unique to every situation. Knowing your short term and long term home ownership objectives is a great place to start.Your personal situation maybe the most important consideration. Purchasing a home should be considered a long term purchase and not a disposable asset.
Things to consider about home ownership:
- affordability
- interest rates
- down payment requirements
- credit worthiness
There is a lot to consider when deciding if now is the time to buy a home. Your Auburn real estate agent can help you digest the vast amount of real estate market data to further help you make a good decision.
Contact Weichert Realtors – Porter Properties to answer your Auburn home buying questions.
472 North Dean
Road Suite 200
Auburn, AL 36830
PH 334-887-2070
EMAIL:Sales@porterproperties.com
Auburn Homes: agent, al, auburn, auburn al, auburn homebuyers, auburn real estate, buyers, Buyers, Buying, home, market, market update, porter properties, purchasing, real estate, Real Estate FAQS, weichert
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Tags: agent, al, auburn, auburn al, auburn homebuyers, auburn real estate, buyers, Buying, home, market, market update, porter properties, purchasing, real estate, weichert
Posted in Buyers, Real Estate FAQS |
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Tuesday, July 19th, 2011
Auburn MLS Listings – Stay Informed with Free Tool
Housing in Auburn changes every day. When new Auburn MLS listings become available, both buyers and sellers can use this data to their advantage.
Here’s how:
Sellers can be alerted when new Auburn MLS listings becomes available that may directly impact the time it takes to sell. Another words, how does your current asking price, property condition, home size, bedroom and bathroom count etc. compare to all similar MLS listings. Is your house competitively priced? With today’s real estate environment it is important use this data so you can continue to attract as many buyers as possible.
Potential and serious home buyers can benefit from getting Auburn MLS listings alerts too. When a property hits the market and it matches certain criteria the ability to act immediately before other potentially interested buyers view the property can be advantageous.
In addition buyers and sellers can view property for sale in Auburn with interactive search features and resources.
In a continued effort to help both buyers and sellers stay informed, Weichert Realtors – Porter Properties offer a free service to get this data via email.
Email alerts can be tailored to match your specific criteria. Filter Auburn housing results by:
- neighborhoods
- property type
- property status
- bedroom or bathroom count
- price range
- square footage
- lot size
- and by keyword
Get a FREE account and receive Auburn MLS listings alerts by clicking here: Get Auburn MLS Listings
Auburn Homes: auburn, auburn housing, Auburn Listings, auburn mls listings, buyers, buyers and sellers, home, market, porter properties, property, real estate, sale, search, sellers, weichert
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Tags: auburn, auburn housing, auburn mls listings, buyers, buyers and sellers, home, market, porter properties, property, real estate, sale, search, sellers, weichert
Posted in Auburn Listings |
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Friday, July 15th, 2011
Appraisal FAQS – Buying or Selling Property in Auburn
A real estate appraisal is an important part of a real estate transaction. Appraisals are very detail reports providing an accurate market value for a property. They are most often required by the lender.
The person who provides real estate appraisals is called an appraiser. An appraiser is
- licensed and completed a course required by the state in which the appraisal is conducted
- a third party without any connections to the real estate transaction
 How is the value of a property determined?
Data is collected and analyzed by the appraiser. He or she will compare the subject property (the home that is being appraised) with a minimum of three properties (called comparable or comps) that have recently sold.
A comparable is a property that is as similar to the subject property as possible. Both recent sales and prominently to the subject property are considered most effective. Other considerations include property type, square footage, bedroom and bathroom count, property conditions etc.
The side by side comparison adjustments include:
- the overall local real estate market conditions
- and many other relevant influences
What happens when an appraisal comes in lower than the agreed upon price in the purchase agreement?
The buyer’s lender is probably going to make adjustments to previous mortgage approvals which could dramatically affect the buyer’s ability to complete the purchase. Sellers may need to renegotiate the original purchase agreement to ensure a successful transaction. When an appraisal comes in at or above the purchase price indicated in the purchase agreement both the buyer and seller are one step closer to a closing.
Both buyers and sellers can help eliminate unforeseen problems to the real estate transaction such a low appraisal with a comparative market analysis (CMA). A CMA is very similar to an appraisal and is provided by their Real Estate agent.
Weichert, Realtors ® – Porter Properties offers free comparative market analysis to all Opelika and Auburn homeowners. If you would like to uncover the market value of your home call them today at 334-887-2070. You can also view Opelika and Auburn properties for sale online 24/7.
Auburn Homes: appraisal, auburn, Auburn properties, buyers, buyers and sellers, Buying, home, market, market values, porter properties, property, real estate, Real Estate FAQS, sale, sellers, selling
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Tags: appraisal, auburn, Auburn properties, buyers, buyers and sellers, Buying, home, market, market values, porter properties, property, real estate, sale, sellers, selling
Posted in Real Estate FAQS |
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Sunday, July 10th, 2011
Auburn Houses – Market Home Trends Chart
How does housing in Auburn compare to the national average?
Houses in Auburn had a median home cost of $193,940. This is higher then the nation median average of $183,450. The data, complied in June 2010 by Sperling’s Best Places highlights Auburn Houses and nationwide real estate market data.
While the media average sales price was $193,940 – 23.34% of owner occupied housing sales in Auburn AL were between $200,000 to $299,999. You can view a complete list of Auburn houses for sale between $200,000 to $299,999 here.
Furthermore Auburn houses experienced -1.17% appreciation while the nation average home appreciation was -5.21%. These numbers may indicate the Auburn Alabama housing market is more stable then the nation average.
Housing
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Auburn, AL Houses
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United States
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| Median Home Age |
18 |
33 |
| Median Home Cost |
$193,940 |
$183,450 |
| Home Appreciation |
-1.17% |
-5.21% |
| Homes Owned |
38.11% |
60.14% |
| Housing Vacant |
9.58% |
10.50% |
| Homes Rented |
52.31% |
29.36% |
| Property Tax Rate
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$4.38
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$11.20
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| OWNER-OCCUPIED HOUSING UNITS BY VALUE |
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| Less Than $20,000 |
11.53% |
2.71% |
| $20,000 to $39,999 |
7.88% |
3.86% |
| $40,000 to $59,999 |
2.41% |
5.09% |
| $60,000 to $79,999 |
2.49% |
6.10% |
| $80,000 to $99,999 |
3.66% |
7.33% |
| $100,000 to $149,999 |
16.60% |
18.53% |
| $150,000 to $199,999 |
16.50% |
14.38% |
| $200,000 to $299,999 |
23.34% |
17.52% |
| $300,000 to $399,999 |
7.81% |
9.26% |
| $400,000 to $499,999 |
3.60% |
5.11% |
| $500,000 to $749,999 |
3.05% |
5.76% |
| $1,000,000 or more
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0.57%
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2.07%
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| HOUSING UNITS BY YEAR STRUCTURE BUILT |
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| 1999 to October 2005 |
27.90% |
15.21% |
| 1995 to 1998 |
9.55% |
6.33% |
| 1990 to 1994 |
11.51% |
6.29% |
| 1980 to 1989 |
19.18% |
14.11% |
| 1970 to 1979 |
15.01% |
16.14% |
| 1960 to 1969 |
8.54% |
12.04% |
| 1950 to 1959 |
4.40% |
10.80% |
| 1940 to 1949 |
1.89% |
6.21% |
| 1939 or Earlier |
2.02% |
12.87% |
What do you think about the Auburn housing market? Share your thoughts with us below.
Auburn Homes: al, alabama, auburn, auburn al, auburn alabama, Auburn Homes, auburn houses, auburn housing, home, houses, houses in auburn, housing in auburn, market, market update, real estate, sale
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Tags: al, alabama, auburn, auburn al, auburn alabama, auburn houses, auburn housing, home, houses, houses in auburn, housing in auburn, market, market update, real estate, sale
Posted in Auburn Homes |
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