Friday, July 27, 2007

Linwood Minnesota Real Estate Marketing Statistics for First Half of 2007

The Linwood real estate market in southeast Anoka County has experienced a slowdown but homes are still selling. Per the St. Paul Area Association of Realtors, sales for the 13 county Twin Cities area are down 16% in the first half of 2007 compared with sales in the first half of 2006. The average home price fell 2%.

This mid-year update for Linwood real estate reflects the sluggish market with many existing home listings and a longer than average days on market (DOM). Though existing home inventory is high, homes are selling in the lower price ranges. There were very few homes sold in prices above $400,000 in Linwood. Linwood homes have an average cummulative DOM of 148 days. This statistic looks promising as it is lower than the overall average DOM in surrounding communities but almost all Linwood sales have been for lower valued homes which due tend to sell a bit more quickly. For reference to other areas in the northeast Twin Cities metro, Ham Lake has a cumulative days-on-market statistic of 208 days; Lino Lakes is173 DOM and Forest Lake is 168 DOM.



(Click here for complete Ham Lake Statistics.)
(Click here for complete Lino Lakes Statistics.)
(Click here for complete Forest Lake Statistics.)

The following are statistics of current single family residential market activity in the Linwood area for the first six months of 2007.

Under $300,000~ 36 Active Listings, 4 Pending Listings, 17 Sold Listings; Average Cumulative Days on Market for Sold Listings: 141

$300,000-400,000 ~ 11 Active Listings, 1 Pending Listings, 3 Sold Listings; Average Cumulative Days on Market for Sold Listings: 183
$400,000-$500,000 ~ 4 Active Listings, 0 Pending Listings, 0 Sold Listings; Average Cumulative Days on Market for Sold Listings: N/A
$500,000 and Up~ 7 Active Listings, 0 Pending Listings, 0 Sold Listings; Average Cumulative Days on Market for Sold Listings: N/A
Lakeshore available in Linwood:

16 Active Listings, 1 Pending Listings, 1 Sold Listings during first half of 2007.

Linwood lakeshore price range: $ 134,900-$1,149,900.

3 Homes on Fawn Lake Lake
7 Homes on Martin Lake
5 Homes on Linwood Lake
1 Home on Typo Lake


**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/07 through 6/30/07.

Featured Listings in Anoka County:

Articles on Lakeshore and Minnesota that might be of interest:
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