Saturday, January 30, 2010

Year End 2009 Snapshot of Chisago Lakes, MN Home Sales Statistics

There were just a few more closed sales in Chisago during 2009 over 2008 but the average sales price was down significantly for the second year in a row. New listings were down almost 21% over the previous year. Sellers are receiving just slightly less than they did in 2008 with as the accepted sales price ratio compared to list price ratio is down just a bit. At 89% it remains one of the lowest in the north and east metro communities I work in as many communities saw an improvement in this ratio this year. Market time is up significantly to well over 200 days. Buying a home in Chisago City could continue to be a very affordable option as there appears to be plenty of sellers still on the market and willing to negotiate on the list price of their properties.

Copyright 2010 Teri Eckholm