Thursday, March 3, 2016

Snapshot of Home Sales Statistics in Centerville MN Year End 2015

The average sales price in homes in Centerville jumped quite a bit year over year from 2014 to 2015 in this eastern Anoka County community. The rest of the statistics tell a similar and very optimistic story for Centerville real estate. The price per square footage of Centerville homes is up from $116/sq ft in 2014 to $129/sq ft in 2015. Compare this to just a few years ago in 2012 when the price per square foot for a Centerville home was less than $100. Days on the market for homes in this community has continued to drop with homes selling in less than 2 months on average. While this is down significantly from 2014, it is dramatic compared to 2012 when the average time on the market in this community was over 5 months. Another indicator of a strong housing market is that area home sellers received much closer to asking price for the fourth consecutive year as the percent received on asking price rose to 97.4% in 2015. New listings have increased but closed sales were up even more so inventory levels continue to be low creating a bit of a seller’s market.

With inventory low and demand high, sellers will find 2016 a good year to list their Centerville homes. Existing home inventory levels are low for homes in this Anoka County community that has a good mix of single family homes and townhomes with a price point perfect for the first time home buyer. This area definitely has all the indications of turning into a seller’s market, where sellers have the negotiating advantage. With continued low interest rates, home buyers are out their looking for the perfect place to call home. Home owners considering selling in 2016 and wanting to get the most leverage from the improved market should consider listing their homes before the spring market hits as there will be additional competition no doubt.

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.

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