With the number of closed sales dramatically up for the second year in a row and this year new listings dramatically down, there is significantly less real estate inventory to start off 2010 in the East Bethel. While this northern Anoka County community did see a drop in the average sales price in 2009 compared to statistics in 2008, lower inventory is a good indicator of a more balanced market on the horizon. The ratio comparing sold price to list price did see a bit of a comeback in 2009 but at just over 90% it is one of the lowest in the north and east metro communities I work in. The Days on the market statistic is also up again for the second year in a row; this is significant as many surrounding communities did see a bit of a drop in DOM in 2009.
Copyright 2010 Teri Eckholm
