Saturday, April 26, 2008

Lino Lakes, MN Real Estate Market Statistics 1st Quarter 2008

Real estate in Lino Lakes, MN in Anoka County is still selling. Active homes in the lower price ranges seem to be up a bit but also continue to sell more quickly than homes in the higher priced categories. Lino Lakes existing homes continue to compete with available new construction in Hugo and Blaine. But as it is in southern Anoka County, it’s sales figures do not tend to be as stagnant as northern Anoka County communities like Ham Lake and Linwood.

High end home sales continue to struggle for sales. No homes were sold in the last 3 months, for sellers in above the $500,000 price and just a handful of sales in the $400,000-$500,000 category. The DOM seems skewed by the quick sale of two listings compared to a 215 DOM last quarter. No doubt these homes were priced to sell from the time they were listed.

Acreage opportunities are abundant in the Lino Lakes area! From one acre parcels to 15 acre hobby farms, Anoka County as quite a selection of homes in the Lino Lakes area. Many have been on the market for a quite a while. With continued low interest rates, it is a great time to negotiate a deal on your piece of Minnesota acreage!

1st Quarter Lino Lakes residential real estate statistics for single family homes:

Under $300,000~ 54 Active Listings, 4 Pending Listings, 15 Sold Listings, 156 DOM

$300,000-$400,000 ~ 31 Active Listings, 2 Pending Listings, 4 Sold Listings, 215 DOM

$400,000-$500,000 ~ 13 Active Listings, 1 Pending Listings, 1Sold Listing, 68 DOM

$500,000 and Up~ 16 Active Listings, 0 Pending Listings, 0 Sold Listings N/A DOM

Lakeshore available in the City of Lino Lakes

1 Active Listings Lino Lakes lakeshore price range: $450,000

1 Home on Otter Lake

Acreage properties available in Lino Lakes

9 properties listed on 1-2 Acres priced between $189,900-$859,900.

2 properties listed on 2-3 Acres priced between $254,000-$269,900

1 property listed on 3-5 Acres priced at $269,900

2 properties listed on 5-10 Acres priced at $319,900-$379,900

1 property listed on 10-15 Acres priced at $408,900
1 property listed on 80 Acres priced at $6,000,000

**All Sold and Pending Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1 /1/08 through 3/31/08.

If you are buying, selling or relocating to Lino Lakes, 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