Forest Lake is starting to show signs of improvement after a very stable 2011. All major indicators improved In 2012 compared to 2011 though some were just ever so slight. New listings were down pretty significantly (almost 15%) for the second year in a row pushing prices up a bit due to lack of inventory. Closed sales were pretty stable with only one additional sale but the average sales price did rebound in 2012 to almost $200,000. Days on market in 2012 were down by almost 6% and price per square foot also saw a rebound to $97/sq ft which is comparable to other communities in the Washington County/east Anoka County area. Closed sales and prices are good indicators of a stronger real estate market for sellers in the Forest Lake area as we head into the 2013 spring market.
Interested in Making a Move to FOREST LAKE, 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.