In this northern Ramsey and Washington County community, just north of White Bear Lake, closed home sales were up an average of by nearly 43%. Unfortunately, the average sales price did continue to decline again during 2009; down nearly 17% to under $200,000! This is no doubt a reflection of the significant amount of first time home buyers in the market. With only a handful of additional new listings in the area, inventory is down considerably. Sellers are already starting to see sales prices come in closer to asking price. Time on the market to sell a home, has remained flat at just over four months. It appears that the Hugo market is starting to become more balanced which is great news for homeowners in this Washington County suburb.
Friday, February 26, 2010
Year End 2009 Snapshot of Hugo, MN Home Sales Statistics
In this northern Ramsey and Washington County community, just north of White Bear Lake, closed home sales were up an average of by nearly 43%. Unfortunately, the average sales price did continue to decline again during 2009; down nearly 17% to under $200,000! This is no doubt a reflection of the significant amount of first time home buyers in the market. With only a handful of additional new listings in the area, inventory is down considerably. Sellers are already starting to see sales prices come in closer to asking price. Time on the market to sell a home, has remained flat at just over four months. It appears that the Hugo market is starting to become more balanced which is great news for homeowners in this Washington County suburb.
Rent Continues to Rise in Minneapolis & St Paul MN
The September Rent report just released by ABODO shows te average rate to lease a one bedroom apartment in St Paul to be increasing ...
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Minnesota's state motto claims we live in the land of 10,000 lakes, yet there is actually over 12,000 in this great northern state. ...
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As a REALTOR® who works in the north and east Minneapolis/St Paul metro, one of my favorite things to do is provide people with a compar...