Wednesday, October 10, 2007

Ham Lake, MN Real Estate Market Statistics 3rd Quarter 2007

The sluggish real estate market continues to affect Ham Lake, MN and Anoka County in the third quarter of 2007. Homes are staying on the market longer with an average Days-on-Market (DOM) of 157 days for homes sold in the 3rd Quarter in the Ham Lake area. While homes under $300,000 have a manageable inventory level similar to other areas of the Twin Cities (about a 10 month supply), high end homes are selling at a much slower pace. Note the abundance of existing inventory in the over $500,000 category. With 47 homes on the market and two homes selling every 3 months, it will take over five years to sell the entire inventory if home sales do not pick up in this high end category.

3rd Quarter Ham Lake residential real estate statistics for single family homes:

Under $300,000~ 51 Active Listings, 4 Pending Listings, 12 Sold Listings (All existing homes)

$300,000-400,000 ~ 30 Active Listings, 1 Pending Listings, 2 Sold Listings (New Construction Subgroup ~ 2 Active, 0 Pending, 0 Sold)

$400,000-$500,000 ~ 30 Active Listings, 1 Pending Listings, 4 Sold Listings (New Construction Subgroup ~ 4 Active, 0 Pending, 0 Sold)

$500,000 and Up~ 47 Active Listings, 1 Pending Listings, 2 Sold Listings (New Construction Subgroup ~ 13 Active, 0 Pending, 1 Sold)

Lakeshore available in the City of Ham Lake:

5 Active Listings, 0 Pending Listings, 1 Sold Listings

Ham Lake lakeshore price range: $274,900-$945,000

2 Homes on Coon Lake
2 Homes on Lake Amelia
1 Home on Mallard Lake

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 7/1/07 through 9/30/07.

Featured Lakeshore Listing in Ham Lake Minnesota: 3608 Woodland Drive

If you are relocating to Minnesota, are looking for Homes for Sale in the north and east Twin Cities metro area and need help from a professional Realtor, give me a call or visit my website for a FREE Relocation Packet. I specialize in acreage properties! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

Copyright 2007