High end home sales continue to remain stagnant. With only one home sold in the last 3 months, sellers in the over $400,000 price category are looking at a market time in the years rather than months if the rate of sale continues at this snails pace. Of course spring always brings new buyers out…They will have plenty of wonderful homes to select and negotiate on. When the ice thaws, it will be time to consider a lakeshore home!
4th Quarter Forest Lake residential real estate statistics for single family homes:
Under $300,000~ 69 Active Listings, 3 Pending Listings, 22 Sold Listings, 133 DOM (Lakeshore Subgroup ~ 3 Active, 0 Pending, 0 Sold)
$300,000-$400,000 ~ 37 Active Listings, 3 Pending Listings, 6 Sold Listings, 292 DOM (Lakeshore Subgroup ~ 10Active, 1 Pending, 0 Sold)
$400,000-$500,000 ~ 17 Active Listings, 0 Pending Listings, 1 Sold Listing, 265 DOM (Lakeshore Subgroup ~ 7 Active, 0 Pending, 1 Sold)
$500,000 and Up~ 18 Active Listings, 1 Pending Listings, 1 Sold Listings 429 DOM (Lakeshore Subgroup ~ 12 Active, 1 Pending, 0 Sold)
32 Active Listings, 2 Pending Listings, 1 Sold Listings
Forest Lake lakeshore price range: $234,900-$2,900,000
22 Homes on Forest Lake
8 Homes on Clear Lake
1 Home on Sylvan Lake
1 Home on Neds Lake
**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 10/1/07 through 12/31/07.
Featured Listing in Forest Lake Minnesota: 20685 Georgia Ave N
Articles on Forest Lake, Lakeshore and Minnesota that might be of interest:
- Does "Minnesota Nice" Affect the Real Estate Market? "Yah, You Betcha!"
- Dreaming of Life on MN Acreage?--What YOU Need to Know Before YOUR Move!
- Affordable Minnesota Lakeshore
- Relocating to Forest Lake MN? The Schools are Full of Ranger Pride!
- Forest Lake High School Rangers are Pounding Nails Again—New Home Under Construction!
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If you are buying, selling or relocating to Minnesota and need help from a professional Realtor, give me a call or visit my website for a FREE Relocation Packet. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
Copyright 2008 Teri Eckholm http://www.terieckholm.com/