Monday, March 7, 2016

Snapshot of Home Sales Statistics in Chisago, MN Year End 2015

The real estate market is once again strong in Chisago, MN at the end of 2015. Overall, the housing market remained quite active in the Minneapolis/St Paul metro, and the Chisago housing market is no exception. New listings were relatively flat but the number of closed homes sold jumped over 18%. Likewise, the average sales price was nearly 18% higher 2015 compared to the previous year, coming in at just under $260,000. This is quite an improvement from just a few years ago when the average sales price was just $189K. Sellers are receiving nearly 98% of asking price in 2015. Market time dropped significantly too. It now takes an average of 86 days on the market to sell a Chisago home. While this is higher than other metro suburbs, it is significantly less than a few years ago when it would take over four months to sell a Chisago City home. The price per square foot in Chisago is also heading up. It now stands at $137/sq. ft., compared to an average of $122/sq. ft. in the previous year. Home owners considering selling in Chisago would be well advised to put their homes on the market early in 2016. With low housing inventory, sellers seem to have a bit of the upper hand in this community at this point in time.

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 2016