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