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.

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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

Snapshot of Home Sales Statistics in Blaine MN Year End 2015

The changes in the  real estate market in Blaine, Minnesota were subtle but strong in 2015. This northern suburb of Minneapolis had a slight increase in new listings but big bump in year over year closed sales. This is probably due to the amount of new construction closes almost as soon as it is listed in this area.  Blaine’s higher valued new construction boom continues to have a positive effect on the average sales price. The average price per square foot has increased another few percentage points in 2015 from $116/sq ft to $119/sq ft. This is significantly higher than just a few years back when it  was under $90.  Closed sales took a big jump, up almost 15%. Homes continue to sell quickly in Blaine, staying on the market an average of just under 2 months. Market time has been cut in half from the 4 month sales time in 2011. Home sellers received nearly asking price in 2014 with accepted offers at 97.8% of list. This north metro community has sold through most of its existing home inventory so 2015 might be a good time for a traditional seller with a starter home to make their move as sellers are continuing to have the upper hand in this community.

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 2016 terieckholm.com

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