Snapshot of Home Sales Statistics in Blaine MN Year End 2014

The real estate market continues to show a strong improvement in Blaine, Minnesota. There is a significant increase in new listings and average price of a home sold in 2014 over 2013. Almost all of Blaine’s lender mediated foreclosure/short sale homes have worked their way through the system and once again, higher valued new construction is having a positive effect on the average sales price. The average price per square foot has increased another 8% from $107/sq ft to $116/sq ft. This is significantly higher as it was under $90 just a few years back. Closed sales have stayed relatively stable no doubt the fact that there is new construction transactions helps as many neighboring communities struggle to keep up the base due to lack of inventory. . Homes also sell quickly in Blaine, staying on the market an average of just over 2 months. This is well under the 4 month sales time in 2011. Home sellers received nearly asking price in 2014 with accepted offers at 97% of list. This north metro community has sold through most of its current home inventory so 2015 might be a good time for a traditional seller with a starter home to make their move as sellers seem to have the upper hand again.

What is my Blaine Home Worth?

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

Snapshot of Home Sales Statistics in Hugo, MN Year End 2014

The housing market in Hugo, Minnesota has remained steady. This north metro Washington County just outside of White Bear Lake saw a drop in new listings and closed sales in 2014 but that doesn’t mean there wasn’t a demand for homes. Housing inventory could the reason the average sales price rose again for the third consecutive year to over $237,000. The amount sellers are receiving on sales is close to asking at 96.7% which is slightly down from 2013 but still one of the highest ratios for communities in the north and east metro area. The average price per square footage likewise continued to increase from $108/square foot in 2013 to $111 at the end of the year. Time on the market to sell a Hugo home, is up by a few days over 2013 but still selling significantly faster than in 2011 and 2012 when homes look over 3 months to sell.

As we start 2015, inventory levels continue to be extremely low for homes in Hugo. This has created a bit of a seller’s market; with sellers have the negotiating advantage. Since interest rates have remained low, home buyers are out there searching for their dream home well before the traditional spring market has begun. Hugo home owners considering selling in 2015 and planning to get the most leverage from the improved market should consider listing their homes as quickly as possible. Once the warmer temperatures arrive, there will likely be more homes on the market and the market will balance out.

What is my Hugo Home Worth?

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

Snapshot of Home Sales Statistics in Forest Lake, MN Year End 2014

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.

What is my Forest Lake Home Worth?

  

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

Snapshot of Home Sales Statistics in White Bear Lake, MN Year End 2014

The historic and popular community of White Bear Lake, Minnesota saw bit of a decrease in the amount of new homes listed on the market in 2014 compared to 2013 and closed sales were down by a dramatic 15%. In this northern Ramsey County city, the real estate demand is high and the market strong. The average price of a home rose by nearly 10% in White Bear Lake going from $190,628 in 2013 to $209,273 in 2014. This caused jump in the average price per square foot too going from $110/sq ft to $118/sq ft; a 7.2% increase. The average days-on-the-market statistic dropped again and substantially in 2014. It took an average 69 days to sell a White Bear Lake home this past year, down from 88 in 2013. This is a welcome change as sellers are back in a better negotiating position and offers are being accepted closer to listed price. Last year sellers in the White Bear Lake area received an average of 95.5% of asking price.

As we start 2015, inventory levels are very low for homes in the White Bear Lake community which is creating a bit of a seller’s market, giving the negotiating advantage to a home seller. With continued low interest rates, home buyers have been out searching for their dream homes regardless of the cold and snow. Home owners considering selling in 2015 and wanting to take advantage of the improved market should consider listing their homes as soon as possible while home inventory is low. Once spring arrives, there will be more homes on the market and the edge to the seller will be reduced considerably.

What is my White Bear Lake Home Worth?

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

Snapshot of Home Sales Statistics in Maplewood, MN Year End 2014

The housing market has made a significant turnaround in the community of Maplewood, MN in the past few years. Similar to other communities in the Minneapolis/St. Paul metro, this Ramsey County city has real estate sales statistics showing a rebound. New Listings were down and closed sales were down from 2013 but the average sold price was up by 9% to over $200K. Just three years ago the average price of a home was over $50K less at $146,957. This reflects a rebound of 36.7% in just three years!

Back in 2011, Maplewood homes were bringing in an average price per square foot of $82 which was similar to many other communities in the northeast Minneapolis/St. Paul area at that time. In 2014, Maplewood home sellers saw the price per square foot rise over 29% to $106 on average..  Sellers are getting around 96% of their asking price in 2014 and homes are selling much more quickly than a few years ago. The average time on the market to sell a home was up slightly from 2013, taking an average of 78 days to sell. But compared with the 164 average days on market (DOM) statistic in 2011, Maplewood is in very good shape. These statistics show that the housing market in Maplewood has recovered quite a bit in the past few years. A limited housing inventory continues to push prices up slightly and keeps homes selling at a somewhat brisk pace. Overall, the Maplewood real estate market appears to be much stronger and pretty balanced with a slight edge to sellers if a home is well priced and properly prepared to list.

What is MY Maplewood Home Worth?

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