Friday, January 25, 2013
Snapshot of Home Sales Statistics in Andover, MN Year End 2012
What a difference a year makes in the real estate market in Andover, MN! Closed sales are up considerably combined with a slight drop in new listings has put home sellers into the drivers seat. Closed sales are up over 16% while new listings were down just under 6%. This pushed the average sales price up from just under $200,000 to over $216K! Likewise the average price per square foot in Andover rose from $88/sq ft in 2011 to an average of $94/foot in 2012. Another sign that the market has turned is the drop in days on the market. It took an average of 154 days to sell an Andover home in 2011 but only 111 days to sell on average in 2012. It seems that home buyers no longer have the advantage over sellers in the Andover real estate market. With home inventory low and demand high, sellers will find 2013 a good year to list their homes.
Interested in Making a Move to ANDOVER, MN? If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of RE/MAX Specialists, 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.