Why are the home values in Apple Valley MN so low and not reflective of the local economy?

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June 21 2010 - Apple Valley
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Profile picture for MikeEmery
Apple Valley median home values for May 2010 have actually increased $10,500 (5.8%) when compared to May 2009. Although year to date values have only increased an average of 2.3 percent. That's a pretty good increase when compared to the overall Twin Cities market. See link.

http://www.mplsrealtor.com/downloads/the100/Apple-Valley.pdf


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June 21 2010
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Have there been a lot of short sales or foreclosures in your local market?  The Zillow Zesitimte comes from public records and has a tendency to be a trailing indicator.  If you are selling don't worry about the Zestimate as any buyer's agent will pull current comparable information from the MLS and value your property accordingly.

Simon Mills
Mills Realty
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1Yes

June 21 2010
 

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Profile picture for Michael Emery
QuestionWhy are the home values in Apple Valley MN so low and not reflective of the local economy?
  • Latest answer by Michael Emery
  • June 21 2010
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