Saturday, January 5, 2008

Ham Lake, MN Real Estate Market Statistics 4th Quarter 2007

The sluggish real estate market continues to affect Ham Lake, MN and Anoka County in the fourth quarter of 2007. Homes are staying on the market longer with an average Days-on-Market (DOM) of 220 days for homes sold in the 4th Quarter (compared to 157 DOM during the 3rd Quarter). Note that DOM for homes under $300,000 is a significantly lower time on the market, selling with an average DOM of 155.

While there are 30% fewer homes on the market in Ham Lake, 110 versus 158 at the end of the third quarter, homes are taking a bit longer to sell so there continues to be more homes on the market than buyers. Homeowners considering selling a home in the Ham Lake area must consider the average time to sell a home in the area is approximately 5-8 months. A home must be properly priced and prepared for showings to sell effectively in the Ham Lake market today.

Additional 4th Quarter Ham Lake residential real estate statistics for single family homes:

Under $300,000~ 36 Active Listings, 1 Pending Listings, 10 Sold Listings, DOM 155 (All existing homes)

$300,000-400,000 ~ 24 Active Listings, 0 Pending Listings, 5 Sold Listings, DOM 222 (New Construction Subgroup ~ 1 Active, 0 Pending, 0 Sold)

$400,000-$500,000 ~ 20 Active Listings, 1 Pending Listings, 6 Sold Listings, DOM 257 (New Construction Subgroup ~ 3 Active, 0 Pending, 2 Sold)

$500,000 and Up~ 30 Active Listings, 0 Pending Listings, 1 Sold Listings, DOM 390 (New Construction Subgroup ~ 9 Active, 0 Pending, 0 Sold)

Lakeshore available in the City of Ham Lake:
6 Active Listings

Ham Lake lakeshore price range: $267,900-$945,000

1 Homes on Coon Lake
2 Homes on Lake Amelia
1 Home on Ham Lake
1 Home on Lake Netta
1 Home on Mallard 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 Ham Lake Minnesota:

3608 Woodland Drive

Articles on Ham Lake, Lakeshore and Minnesota that might be of interest:

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