White Bear Lake, MN Year End Real Estate Market Statistics MidYear 2010

Just about everyone who grew up in the Twin Cities north and east metro is familiar with the White Bear Lake community. Whether your memories are of passing the iconic gigantic snow white bear statue at Polar Chev, swimming at Bellaire beach or setting sail across White Bear Lake, everyone seems to know something about the community. But few know the legends that surround the lake and that Manitou Island is at the center of it all. The legend has been documented by several writers but the most notable was Mark Twain who wrote of the Indian warrior who killed the great monster of a polar bear to save himself and his lover in his book, “Life of the Mississippi”.

Legends aside, today the White Bear Lake community is a vibrant area that is continually growing while preserving its rich heritage. There is no doubt that the shores of White Bear Lake are the most well known as one of the largest lakes in the north metro as it spreads from Ramsey County into Washington County. But there are two other lakes in the City of White Bear Lake: Birch Lake and Goose Lake as well as Bald Eagle Lake in White Bear Township. This town is the home of the White Bear Lake School District #624 and Century College while encompassing 11 square miles of land. Real estate opportunities include both historic homes and recently constructed residences. First time buyers, executive home buyers, retiring downsizers and luxury lakeshore buyers have a wide variety of options if the choose to call White Bear Lake home.

Mid Year 2010 Average Sales Price of all homes sold in White Bear Lake:

· All Homes $ 207,697
· Single Family Homes $ 216,994
· Townhomes/Condos $ 166,640

Mid Year Average Cumulative Days on Market in White Bear Lake:

· All Homes 132
· Single Family Homes 121
· Townhomes/Condos 184

Mid Year 2010 White Bear Lake residential real estate statistics for single family homes:

Under $200,000~ 45 Active Listings, 21 Pending Listings, 60 Sold Listings, 102 CDOM

$200,000-300,000~50 Active Listings, 5 Pending Listings, 35 Sold Listings, 113 CDOM (Lakeshore Subgroup 1 Active, 1 Pending, 2 Sold, 88 CDOM)

$300,000-$400,000 ~ 8 Active Listings, 1 Pending Listings, 6 Sold Listings, 167 CDOM (Lakeshore Subgroup 1 Active, 0 Pending, 1 Sold, 205 CDOM)

$400,000-$500,000 ~ 7 Active Listings, 0 Pending Listings, 1 Sold Listings, 856 CDOM (Lakeshore Subgroup 5 Active, 1 Pending, 1 Sold, 856 CDOM)

$500,000-$1,000,000~ 9 Active Listings, 0 Pending Listings, 3 Sold Listings, 183 CDOM (Lakeshore Subgroup 7 Active, 0 Pending, 2 Sold, 257 CDOM)

$1,000,000 and Up ~ 6 Active Listings, 0 Pending Listings, 1 Sold Listings, 357 CDOM (Lakeshore Subgroup 6 Active, 0 Pending, 1 Sold, 357 CDOM)

Mid Year 2010 White Bear Lake residential real estate statistics for townhomes and condos:

Under $200,000 ~ 44 Active Listings, 2 Pending Listings, 18 Sold Listings, 161 CDOM

$200,000-300,000 ~ 11 Active Listings, 0 Pending Listings, 3 Sold Listings, 245 CDOM

$300,000-$400,000 ~ 5 Active Listings, 0 Pending Listings, 2 Sold Listings, 205 CDOM

$400,000-$500,000 ~ 1 Active Listings, 0 Pending Listings, 1 Sold Listings, 156 CDOM

$500,000-$1,000,000~ 5 Active Listings, 0 Pending Listings, 0 Sold Listings

$1,000,000 and Up ~ 1 Active Listings, 0 Pending Listings, 0 Sold Listings

Lakeshore available in the White Bear Lake area
20 Active Listings

White Bear Lake lakeshore price range: $244,900-$3,200,000

5 Homes on Birch Lake
4 Homes on Bald Eagle Lake
11 Homes on White Bear Lake

For additional information on any current White Bear Lake real estate listing or for additional information on buying a home in Blaine contact Teri Eckholm directly at 651-336-7073.

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/10 through 6/30/10.

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet , Homebuyers Success Packet or sign up for Listingbook Twin Cities Home Search. 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 2010 Teri Eckholm 

Year End 2009 Snapshot of White Bear Lake, MN Home Sales Statistics

Like most other communities in the north east Twin Cities metro, White Bear Lake has seen more closed sales but at lower prices in 2009 compared to 2008. In this Northern Ramsey County city home sales dropped just over 16%; that’s almost 30% over a two year period! Inventory levels are going down as there are just slightly less (4.1%) of new listings that came onto the market this past year. The average days-on-the-market statistic is down by 10% so homes are starting to sell faster in White Bear Lake. The bulk of sales has been in the lower price points as nearly 67% of all homes closed in 2009 were sold for less than $200,000. Another 27% were sold for prices in the $200,000-$300,000 range. Traditional sellers considering a move up in White Bear have an opportunity this year as there are so few starter homes but many higher valued homes to select from. 
 

Copyright 2010 Teri Eckholm