Thursday, March 6, 2008

Year End Real Estate Market Statistics for Lindstrom, Minnesota

Lindstrom is known throughout Minnesota as America’s little Sweden. Lindstrom was first settled by Daniel Lindstrom who left Sweden for America in 1853. A statue of Karl and Kristina Oskar, the fictitious characters that symbolize Swedish peasants who migrated to America over one hundred years ago, is a focal point for visitors to the Lindstrom community. Lindstrom is one of four cities that comprise the Chisago Lakes Area. The area is named after an Indian phrase, "Ki Chi Saga," which means "fair & lovely waters." Swedish immigrants referred to it as, "The Big Lake," as many of today's area lakes comprised one large lake.

Currently real estate in Lindstrom, MN in Chisago County is selling slowly. Being a bit east of the main metro area, it is often overlooked by home buyers as too far out. With the recent Highway 8 improvements and the brand new
Park and Ride in Forest Lake, Lindstrom is worth a second look. As homes linger on the market in this area, sellers are negotiating and relisted properties are coming in at lower asking prices. There are great prices on new construction, nearly new homes and lakeshore properties throughout the community of Lindstrom.

In other Twin Cities counties, inventory levels are sitting at about 4-6 months but Lindstrom levels are a bit higher. Homes under $200,000 are in the best position to sell in Lindstrom as there is currently only 8 months of inventory on the market based on last years sales. Inventory levels are a bit higher than demand in the $200,000-$300,000 price range with just over a years worth of inventory. In the over $300,000 price range, it will take over three years to sell all of the currently listed homes if sales continue at this slower pace.
Lakeshore opportunities are abundant in Lindstrom! The combination of an amazing inventory of 22 lakeshore homes on 8 different lakes, long market times, and low interest rates, creates the perfect situation as sellers should be ready to negotiate an acceptable deal for the sale of your piece of shoreline!

2007 Year End Lindstrom residential real estate statistics for single family homes:

Under $200,000~ 21 Active Listings, 4 Pending Listings, 31 Sold Listings, 140 DOM (Lakeshore Subgroup ~ 1 Active, 0 Pending, 0 Sold)

$200,000-$300,000 ~ 32 Active Listings, 2 Pending Listings, 28 Sold Listings, 182 DOM (Lakeshore Subgroup ~ 4 Active, 0 Pending, 4 Sold)

$300,000-$400,000 ~ 21 Active Listings, 1 Pending Listings, 7 Sold Listing, 162 DOM (Lakeshore Subgroup ~ 6 Active, 0 Pending, 3 Sold)

$400,000 and Up~ 13 Active Listings, 0 Pending Listings, 4 Sold Listings 279 DOM (Lakeshore Subgroup ~ 11 Active, 0 Pending, 3 Sold)

Lakeshore available in the Lindstrom, MN
22 Active Listings

Lindstrom lakeshore price range: $169,900-$747,777

4 Homes on Kroon Lake
1 Home on NEDS Environmental Lakeshore
3 Homes on North Center Lake
4 Homes on North Lindstrom Lake
7 Homes on South Center Lake
1 Home on South Lindstrom Lake
1 Home on Spider Lake
1 Home on Vibo Lake

**All SOLD Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/07 through 12/31/07. Current pending and active listings statistics as of 3/4/08.

29541 Shoreview Circle, Lindstrom, MN 55045

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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