Year End 2009 Snapshot of Mahtomedi, MN Home Sales Statistics

In this northern Washington County community, just east of White Bear Lake, closed home sales were down in 2009 by over 21%. With few starter priced homes in Mahtomedi, the tax credit did not jumpstart sales as it had in many other metro suburbs. The average sales price of sold homes was down as the foreclosure and lender-mediated homes are everywhere. New listings are also down significantly in Mahtomedi so the market is starting to become more balanced. Sellers are still getting 92% of their asking price though the average sales price dropped significantly to $265,705. Time on the market to sell a home, has remained flat at just over four months. It appears that the Mahtomedi market is still working toward becoming balanced again but home buyers may still have an edge in this community.

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet , Homebuyers Success Packet or sign up for Listingbook Twin Cities Home Search. 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 2010 Teri Eckholm 

Year End 2009 Snapshot of Hugo, MN Home Sales Statistics

In this northern Ramsey and Washington County community, just north of White Bear Lake, closed home sales were up an average of by nearly 43%. Unfortunately, the average sales price did continue to decline again during 2009; down nearly 17% to under $200,000! This is no doubt a reflection of the significant amount of first time home buyers in the market. With only a handful of additional new listings in the area, inventory is down considerably. Sellers are already starting to see sales prices come in closer to asking price. Time on the market to sell a home, has remained flat at just over four months. It appears that the Hugo market is starting to become more balanced which is great news for homeowners in this Washington County suburb.

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet , Homebuyers Success Packet or sign up for Listingbook Twin Cities Home Search. 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 2010 Teri Eckholm 

Year End 2009 Snapshot of Oakdale, MN Home Sales Statistics

Closed sales were way up in Oakdale in 2009 unfortunately the average closed sales price was down. But a nearly 38% increase of closed sales shows that homes are selling in this popular Washington County suburb just east of St. Paul. The average price was down over 13% so undoubtedly many of the homes sold were lender mediated properties. As we have seen in many other communities across the Twin Cities metro, this is probably a combination of the trend of many lender-mediated sales with few higher valued traditional homes sold this past year. A good point is that in this Washington County community is time on the market is down quite a bit too. Inventory is moving in Oakdale and that will lead to a more balanced market between buyers and sellers. Buyers looking to take advantage of the lower prices and great affordability of Oakdale homes will need to make decisions soon as home are selling in this community!

Copyright 2010 Teri Eckholm 

Year End 2009 Snapshot of North St Paul, MN Home Sales Statistics

North St Paul, that quaint community on the east side of the Twin Cities with the big smiling snowman, has had a similar year over year changes from 2009 compared to 2008 as many other communities in the metro. New Listings are down and sales are up which equates to less inventory. The average sales price is down but not in a free fall. It is down just over 7% and with the ratio of price received versus list price going up, this eastern Ramsey County community seems to be making a bit of progress toward a more stable balanced market. The average days-on-the-market statistic is down by well over 10% so homes are staying on the market for less time. Traditional sellers that reside in North St. Paul who are considering a move to take advantage of the tax credit will have an opportunity this spring as there are few well maintained homes at lower price points as compared to buyers in the current market.

Copyright 2010 Teri Eckholm 

Year End 2009 Snapshot of Linwood, MN Home Sales Statistics

Linwood real estate has a bit of a better outlook after 2009. New listings were down slightly but closed home sales were up significantly. And Linwood was one of the very few north metro communities where the average sales price actually increased; albeit only 4%. After the rough 2008, this is welcome news for Linwood homeowners. This rural Anoka County community featuring acreage and lakeshore properties is located just north of Columbus and south of Stacy, saw a bit of a decrease in time on the market down 8% from 179 days in 2008 to 164 days in 2009. Not all of Linwood’s news is rosy however. The area is continuing to experience one of the lowest ratios of sales price to list price at just under 90%. This meaning sellers in Linwood are negotiating hard to get their homes sold.

Copyright 2010 Teri Eckholm h

Year End 2009 Snapshot of East Bethel, MN Home Sales Statistics

With the number of closed sales dramatically up for the second year in a row and this year new listings dramatically down, there is significantly less real estate inventory to start off 2010 in the East Bethel. While this northern Anoka County community did see a drop in the average sales price in 2009 compared to statistics in 2008, lower inventory is a good indicator of a more balanced market on the horizon. The ratio comparing sold price to list price did see a bit of a comeback in 2009 but at just over 90% it is one of the lowest in the north and east metro communities I work in. The Days on the market statistic is also up again for the second year in a row; this is significant as many surrounding communities did see a bit of a drop in DOM in 2009.

Copyright 2010 Teri Eckholm 

Year End 2009 Snapshot of Circle Pines, MN Home Sales Statistics

The number of new listings in Circle Pines dropped again in 2009 compared to the previous year. In this small Anoka County community, just north of Shoreview, home sales more homes sold; up over 22% from last year. The average time on the market did drop in Circle Pines from 141 days to 127 days on the market. The average price also fell by over $35,000 which is over 14% lower, than in 2008 making this community that has an abundance of starter homes, even more affordable than last year. The ratio of percent received versus list price is also up for this year to 94%. All in all, the home sales market in Circle Pines, Minnesota appears to be weathering the changed market well.

Copyright 2010 Teri Eckholm 

Year End 2009 Snapshot of Chisago Lakes, MN Home Sales Statistics

There were just a few more closed sales in Chisago during 2009 over 2008 but the average sales price was down significantly for the second year in a row. New listings were down almost 21% over the previous year. Sellers are receiving just slightly less than they did in 2008 with as the accepted sales price ratio compared to list price ratio is down just a bit. At 89% it remains one of the lowest in the north and east metro communities I work in as many communities saw an improvement in this ratio this year. Market time is up significantly to well over 200 days. Buying a home in Chisago City could continue to be a very affordable option as there appears to be plenty of sellers still on the market and willing to negotiate on the list price of their properties.

Copyright 2010 Teri Eckholm 

Year End 2009 Snapshot of Coon Rapids Market Statistics

Coon Rapids, Minnesota homes are sold faster in 2009 than 2008 and more homes were sold too! New listings were down by almost 15% which is a sign that this Anoka County Community is moving closer to a more balanced market. The average sales price did dropped again by over 16% so affordability was evident in Coon Rapids in 2009 but with the lower inventory levels, we could see the average sales price start to level off in 2010. The ratio of original price to received price is down is starting to edge up in Coon Rapids which is good news for those considering selling in 2010.

Copyright 2010 Teri Eckholm

Year End 2009 Snapshot of Wyoming, MN Market Statistics

The number of new listings was down again for 2009 in Wyoming, Minnesota along with the average sales price of a home in this Southern Chisago County community. Since 2007, the average sales price of a home dropped by over 30%; over 15% last year alone. A high point to the year is that homes are selling at a faster pace with an average of 47 days less time on the market in Wyoming, Minnesota compared to last year. Sellers appear to be getting just over 91% of their asking price which is in line with several other north east metro communities. If you are considering selling your Wyoming home, this might be a good time to list with less inventory on the market to compete with.

Copyright 2010 Teri Eckholm 

Year End 2009 Snapshot of Centerville MN Market Statistics

Centerville, Minnesota came through 2009 without a big change in average sales price. Days on the market are up a bit but still in line with surrounding Anoka County communities. Centerville home sellers are not being hit as hard in the negotiations as indicated by the ratio of original price to sold price going back above 90% in 2009. That is good news for sellers as is new listings being down a bit means less competition. However, Centerville remains an affordable place to call home.

Copyright 2010 Teri Eckholm 

Year End 2009 Snapshot of White Bear Township, MN Home Sales Statistics

The stability of real estate in White Bear Township in 2008 unfortunately did not continue into 2009.There were many more sales in White Bear Township, Minnesota in 2008 versus 2009 with closed sales up 40%. This northern Ramsey County township escaped much of the affects of 2008 but could not escape it into 2009. DOM went up a whopping 49% while the average home price dropped over 15%. From 2007 to 2008, prices were only down 3% so this 15% drop was a significant in prices for the area. The average sales price for a home in White Bear Township is now just under $225,000.

Copyright 2010 Teri Eckholm

Year End 2009 Snapshot of Lino Lakes, MN Home Sales Statistics

The number of closed sales made a dramatic rebound in Lino Lakes, Minnesota in 2009. After an over 25% decline in homes sold in 2008 in the Lino Lakes area, there was a similar resurgence of buyers in 2009. With the lower average price point, this was undoubtedly the result of the first time home buyer tax credit combined with bank owned and mediated inventory on the real estate market. It took about a couple of weeks longer to sell a home in Lino Lakes, Minnesota in 2009 but overall homes were selling in this Anoka County community. The number of new listings was up over 8% during the year, but that does not mean that inventory levels are high. In the lower price points, real estate inventory is very manageable. 

Copyright 2010 Teri Eckholm

Year End 2009 Snapshot of White Bear Lake, MN Home Sales Statistics

Like most other communities in the north east Twin Cities metro, White Bear Lake has seen more closed sales but at lower prices in 2009 compared to 2008. In this Northern Ramsey County city home sales dropped just over 16%; that’s almost 30% over a two year period! Inventory levels are going down as there are just slightly less (4.1%) of new listings that came onto the market this past year. The average days-on-the-market statistic is down by 10% so homes are starting to sell faster in White Bear Lake. The bulk of sales has been in the lower price points as nearly 67% of all homes closed in 2009 were sold for less than $200,000. Another 27% were sold for prices in the $200,000-$300,000 range. Traditional sellers considering a move up in White Bear have an opportunity this year as there are so few starter homes but many higher valued homes to select from. 
 

Copyright 2010 Teri Eckholm  

Year End 2009 Snapshot of Forest Lake, MN Home Sales Statistics

The sold signs are going up faster on homes in the community of Forest Lake Minnesota in 2009 compared to 2008 but the amount they are getting for the homes is significantly less than previously. The average sales price of a home was down nearly 28% this past year for this north Washington County/east Anoka County community. One explanation; Frustrated sellers of high end lakeshore homes continue to wait for a sale as first time buyers scoop up deals on the lower end of the market in order to get the expiring tax credit. More closed sales means the inventory is down overall.

 

Copyright 2010 Teri Eckholm

Year End 2009 Snapshot of Ham Lake, MN Home Sales Statistics

This past year homes sold in higher numbers but at lower prices in Ham Lake, Minnesota a community synonymous with acreage properties. In this eastern Anoka County city home sales were up a whopping 36.8% in 2009. No doubt the first time home buyer credit got things moving after 2 years of lackluster sales activity. New listings were down pretty significantly at 12.7% less than in the previous year showing progressive movement toward a balanced market. The average days on the market dropped a few days to just below from 184 to 176, which is not significant. The average price of a home sold did drop quite a bit again this year. It is 15.8% lower than in 2008, combine that with an 11.7% drop in 2007, Ham Lake values have decreased over 25% in two years. Sellers need to be aware that buyers are looking for and buying acreage homes but don’t want to pay 2003-2007 prices.

Looking for a breakdown of Ham Lake 2009 home sales by price point? CLICK HERE for Detailed Ham Lake Statistics

 

Copyright 2010 Teri Eckholm 

2009 Year End Snapshot of Andover Market Statistics

Closed sales are up once again in Andover in 2009. A 21% increase of closed sales shows that homes are selling again in this Anoka County suburb. However, the down side is that average price has dropped again by almost 11%. An average sale in Andover is just under $220,000 down by 8.7%. This is probably a combination of the trend for many lender-mediated sales with few high valued homes sold this past year anywhere in the Twin Cities metro. A good point is that in this Anoka County community is time on the market has stayed flat this year. While it would be better to see homes start to sell more quickly as many neighboring communities did, it is still good that the market time did not increase in 2009. Home buyers can still view Andover as one of the affordable options in the Twin Cities north metro!

Copyright 2010 Teri Eckholm 

2009 Year End Snapshot of Blaine Market Statistics

The number of new listings continued to drop in Blaine, Minnesota through 2009 as did the average sales price. Blaine’s high valued home market in prices $500,000 and up continues to be at a standstill but lender mediated foreclosure/short sale homes in the lower price points continue to sell and affect the average sales price. Closed sales are up for Blaine in 2009 over 2008 so the market is seeing activity. Listings are staying on the market just slightly less this year than the previous year. Blaine has sold through most of its current home inventory as it was an affordable option for buyers in the north metro homebuyer. With less than 3 months of inventory in the lower price points, 2009 might be the year for a traditional seller with a starter home to have the opportunity to move up.  

*Does not take into account time on the market or list price from previous listing contracts.
*Based on data from the Minneapolis Association of Realtors and data reported to the Regional Multiple Listing Service, Inc.

 
Copyright 2010 Teri Eckholm http://www.terieckholm.com/