Snapshot of Home Sales Statistics in North St Paul, MN Year End 2015

North St. Paul home owners are smiling almost as big as the world’s largest year round snowman that hangs out in the center of town along Highway 36. This eclectic, vibrant community is actually located more to the east than north of the Minneapolis/St Paul metro and has been experiencing continued improvement in the real estate market.  The number of new listings and closed sales significantly improved for the fourth year in a row. The average sales price increased in 2015 to over $176,000 and the price per square footage rose from $101 to $109.  This is a huge increase from just 4 years ago when the average sales price of a home in North St. Paul was under $130K and the average sold price per square foot just $80. The average days-on-the-market statistic has also dropped significantly for the fourth year in a row to just 65 days. This is half the time it took to sell a home in 2011 when the average time to sell a home was 130 days! The accepted offers on North St Paul homes are closer to their asking price this year too coming in at an average 96.6% of the listed price.

The housing inventory is low across the Twin Cities metro and North St. Paul is no exception as we begin 2016. This creates a bit of a seller’s market, giving home seller a slight edge when negotiating with a buyer. With continued low interest rates and a mild Minnesota winter, home buyers are in the market for their dream homes now. North St. Paul home owners considering selling in 2016 and hoping to get the most leverage from the improved market should consider listing their homes as soon as possible before the increased competition in the spring.

 
What is MY North St Paul 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 2016 terieckholm.com

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