The
housing market in Forest Lake has continued to stabilize and become stronger
than in the past few years. New listings were down slightly which is similar to
many communities. There just is a lack of inventory across the board which is
one of the reasons for the significant decline in closed sales. The low
inventory continued to drive prices up nearly 17% over the average price in
2013. The average sales price was over $250,000 which is quite significant as
it was well under $200,000 just a few years ago. Days on market in 2012 were
down a tad but homes still take over 3 months to sell in this area. Average price
per square foot has continually risen for the past few years and was at $114/sq ft in 2014. This is comparable
to other communities in the Washington County/east Anoka County area. High
average sales prices and low inventory would give the market edge to sellers in
the Forest Lake area as we head into the 2014 spring market.
READY TO MAKE A MOVE? Let me be your professional guide. If
you are buying, selling or relocating to Minnesota and need help from a
professional REALTOR®, give me, Teri Eckholm of Boardman Realty, a
call or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. 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.
Copyright 2015 www.terieckholm.com
Copyright 2015 www.terieckholm.com
