What a year it’s been! The real estate market has experienced quite a few changes from September 2019 to 2020. Condos in Auburn and Opelika in 2020 in particular have enjoyed a great year. If you want to learn more about all the ways their stats have transformed in the past 12 months, read on to find the interesting answers.
More Auburn Condos on the Market
In September 2020, Auburn had 79 condos on the market! That’s a significant rise from the 47 condos on the market in September 2020.
More Sales in Auburn
As we said above, Auburn has more condos on the market. Well, it also has more sales, with 293 condos being sold in September 2020, as opposed to 284 sold in September 2019.
Quick Sales in Opelika
Condos across Lee County spent an average of 53 days on the market in September 2020. Opelika condos specifically, on the other hands, spent an average of just 19 days on the market.
In-Demand Condos in Opelika
If you want to list your Opelika condo, it’s a seller’s market! Only two of these prized properties were put up for sale in both September 2019 and September 2020.
Growing Median Sales Prices in Auburn
Auburn condo owners also have a reason to rejoice! Their median sales prices have risen from $168,500 in September 2019 to $182,500 in September 2020. That’s right—their value rose by $14,000!
Growing Average Sales Prices in Auburn
The average sales prices in Auburn are even higher! They grew from $191,669 to $200,091 during the same period. That’s an increase of $8,422!
Total Property Sales
If you’ve ever wondered how much people spent on condos in Auburn and Opelika in 2020, the results are fascinating! Opelika buyers put down a modest $255,000, which makes sense considering there were only two condos on the market. Auburn condo buyers, on the other hand, spent a collective $58,626,637!
Summary
The market for condos in Auburn and Opelika in 2020 remains strong. Whether you picture yourself selling your old property, finding a new one, or both, Ryan Roberts can help you have a smooth, simple real estate journey. Contact him today to learn more! You can also read up on the market on his blog here.
