Sunday, January 27, 2013

Snapshot of Home Sales Statistics in Centerville MN Year End 2012

The average sales price in homes in Centerville, saw a considerable swing upward in 2012. After a roughly 14% drop in average home prices in 2011, the Centerville real estate market rebounded with a  27.5% increase in average price during the past year. Quite a rebound as in 2009, the average sales price was $247, 690 for the area and now is at $224,320. That’s an amazing rebound and this north metro Anoka County community appears to be poised for recovery. Other statistics tell a similar story as the price per square footage of Centerville homes is up from $88/sq ft to $99/sq ft in 2012. Days on the market is a tad higher but only by a few days. It is taking an average of 5 months to sell a Centerville home. Area home sellers received closer to asking price than in the previous year as the percent received on asking price rose to 94.8% in 2012. New listings were down and closed sales were up for the second consecutive year so inventory levels are low creating a bit of a seller’s market. With continued low interest rates, Centerville home owners wanting to move may find 2013 a perfect opportunity to get the most from their investment.  

Interested in Making a Move to CENTERVILLE, 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.

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