Those four lanes are in full use now as more and more people look to buying home on acreage in the Ham Lake area. Though the sluggish real estate market has affected Ham Lake, MN and Anoka County in 2008, homes did sell. Homes are stayed on the market longer with an average Cumulative Days-on-Market (CDOM) of 158 days for homes during 2008. Note that CDOM for homes over $500,000 are the only homes with extremely long market times, selling with an average CDOM of 287.
While there are 13% fewer homes on the market in Ham Lake now compared to January 2008 (110 versus 126 active listings), 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 5-6 months but inventory levels indicate a different story. Inventory levels are manageable for homes under $200,000 with about 12 months of inventory. But it rises to 18 to 24 months in prices between $200,000 and $500,000. Over $500,000 there is over five years of inventory. Having your home properly priced and prepared for showings will be essential if planning to sell a home in this Anoka County community in 2009.
Year End 2008 Ham Lake residential real estate statistics for single family homes:
Under $200,000~ 27 Active Listings, 2 Pending Listings, 30 Sold Listings, CDOM 144 (All existing homes)
$200,000-300,000 ~ 29 Active Listings, 2 Pending Listings, 17 Sold Listings, CDOM 166 (New Construction Subgroup ~ 1 Active, 0 Pending, 1 Sold)
$300,000-400,000 ~ 33 Active Listings, 1 Pending Listings, 18 Sold Listings, CDOM 157 (New Construction Subgroup ~ 8 Active, 0 Pending, 2 Sold)
$400,000-$500,000 ~ 24 Active Listings, 2 Pending Listings, 12 Sold Listings, CDOM 156 (New Construction Subgroup ~ 3 Active, 1 Pending, 1 Sold)
$500,000 and Up~ 22 Active Listings, 0 Pending Listings, 4 Sold Listings, CDOM 287 (New Construction Subgroup ~ 7 Active, 0 Pending, 2 Sold)
Lakeshore available in the City of Ham Lake:8 Active Listings
Ham Lake lakeshore price range: $245,000-$945,000
3 Homes on Coon Lake
2 Homes on Lake Amelia
1 Home on Ham Lake
2 Home on Little Coon Lake
**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/08 through 12/31/08.
Featured Listing in Ham Lake Minnesota: 17721 Durant St NE
Articles on Ham Lake, Lakeshore and Minnesota that might be of interest:
- Where's the Playground? A Key to Parks in Ham Lake Minnesota
- Do you Have your Eye on a Real Estate SLEEPER?
- Extremely Affordable Minnesota Lakeshore!
- Buying a Home on Minnesota Wetland--Affordable Beauty and Privacy!
- Dreaming of Life on Minnesota Acreage? Must have INFO Before YOUR Move!
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 or Homebuyers Success 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.
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