Blaine MN | Video Update on 2018 Housing Market

Here's a quick video update on real estate sales statistics in Blaine Minnesota for the year ending 2017; and what might be expected in the housing market as we head into the Spring 2018.




If you have additional questions on selling or buying a Blaine MN home, please call or message me directly. I am always happy to assist. 

Check out this recent review received from a past client: "Teri Eckholm helped us with the sale of my mom's house. Teri was very professional and helpful during the entire process. She knew the market well and was able to recommend home improvements to help sell mom's house. She always replied to our questions quickly and she made us feel like we were her only clients. My mom felt comfortable working with Teri and I knew my mom was being well taken care of. Teri took the worries and stress out of the home selling process for my family and I give her the highest of recommendations to anyone looking for a great realtor. Thanks Teri!" --Chris Johnson


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What is my Blaine Minnesota Home Worth?

READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. 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 at 651-336-7073 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 2018 terieckholm.com

Blaine, MN | 2018 Housing Market Update Snapshot of Home Sales Statistics

 

The changes in the real estate market in Blaine, Minnesota were subtle but strong in 2017. This northern suburb of Minneapolis had a slight decrease in new listings and closed sales.  In 2017, 1613 homes listed in Blaine with 1298 sold compared to 1664 listed and 1345 sold in 2016. However, the average price of homes sold in this community was over 6% higher than the previous year. Blaine’s higher valued new construction boom continues to have a positive effect on the average sales price. Homes in Blaine sold for an average of $276,987 last year compared to $260,900 in 2016. The average price per square foot has increased another few percentage points in 2017 to $133/sq ft up from from $124/sq ft the previous year. This is significantly higher than in 2011 when the price per square foot struggled to reach $90. 

Homes continue to sell quickly in Blaine, staying on the market an average of just 50 days. Market time has is less than half from the 4 month sales time a few years back. Home sellers received nearly asking price in 2017 with accepted offers at 99.3% of list. This north metro community has sold through most of its existing home inventory and a significant portion of homes sold are new construction. If you are thinking of selling your home in 2018, it is a very good time to be a traditional seller with a starter home as it IS a seller’s market in Blaine where home sellers have the upper hand in negotiations.

Need more information on the Blaine housing and real estate market?  Message Me on Facebook

                                                   

What is my Blaine Home Worth?

READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. 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 at 651-336-7073 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 2018 terieckholm.com