Year End 2008 Snapshot of Circle Pines, MN Home Sales Statistics

The number of new listings in Circle Pines dropped significantly in 2008 compared to the previous year. In this small Anoka County community, just north of Shoreview, home sales were a bit slower with 7 homes fewer sold but this represents almost an 11% drop statistically. The average time on the market did rise a bit but not significantly from 134 days to 141 days on the market. The average price also fell by over $12,000 which is 6.5% lower making this community that is full of starter homes even more affordable than last year. All in all, the home sales market in Circle Pines, Minnesota appears to be weathering the changed market well.

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 or Homebuyers Success Packet. 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.

Buying a Home? Check out my new HOME BUYER'S BLOG!

Copyright 2009 terieckholm.com

Circle Pines Townhome Value!

No, this beautiful townhome is not featured in a magazine spread but it could have been. The amazing thing is, it is priced $60K less than the price paid just a few years ago. Only the banks are giving better deals...But this home is NOT bank owned or a short sale. The seller is very flexible on move in dates so a quick closing is possible. You could be serving Thanksgiving dinner in a your first home...a real dream home...that could have been featured in any home beautiful magazine!
NEED MORE INFO and Photos? Visit my website terieckholm.com and click featured links.

Circle Pines & Lexington, MN Real Estate Market Statistics 3rd Quarter 2008

Circle Pines is a small city, approximately 2 square miles, in Anoka County. The neighboring community, Lexington is even smaller encompassing less than one square mile of land. Both little communities are often overlooked since they are sandwiched between Blaine, Lino Lakes just to the north of Shoreview.

Circle Pines might be small but is thriving and has a unique history. According to Circle Pines and Lexington History, it was one of the first cooperative communities started in 1946 in an area between the townships of Blaine and Centerville in Southern Anoka County. According to the Circle Pines website, the symbol of the cooperative was a pine tree with a circle around it; thus the name Circle Pines. Though the unique development idea only lasted 3 years due to financial and leadership problems, the name remained. One benefit of its cooperative past is that Circle Pines is the only suburban city that operates its own natural-gas distribution company which serves part of Lino Lakes. The community is a part of the Centennial School District is home to Golden Lake and acres of wetlands.

Real estate in the communities of Circle Pines and Lexington is affordable and selling. Single family homes are affordable and tend to sell briskly compared with other communities in Anoka County. Single family homes are staying on the market an average of 115 CDOM (Cumulative Days on the Market.) Like neighboring areas, higher priced homes sales are stagnant or non-existent in the Circle Pines/Lexington community. The overall DOM is not affected too drastically as there are very few high price point homes in this area. Townhomes/condos are selling a bit more slowly with a 163 CDOM. Prices reductions on townhomes are drastic in this area due to the abundance of new construction in the neighboring community of Blaine. Amazing deals can be had for the astute first time condo home buyer.

2008 Mid Year Sales Statistics for Circle Pines/Lexington residential real estate statistics for single family homes:

Under $200,000~ 17 Active Listings, 2 Pending Listings, 12 Sold Listings, CDOM 124

$200,000-$300,000 ~ 9 Active Listings, 0 Pending Listings, 4 Sold Listings, CDOM 86

$300,000-$400,000 ~ 0 Active Listings, 0 Pending Listings, 0 Sold Listings, CDOM 265

$400,000-$500,000~ 2 Active Listings, 0 Pending Listings, 0 Sold Listings

$500,000 and Up ~ 4 Active Listings, 0 Pending Listings, 0 Sold Listings


2008 Mid Year Sales Statistics for Circle Pines/Lexington residential real estate statistics for townhomes and condos:

Under $200,000~ 23 Active Listings, 1 Pending Listings, 8 Sold Listings, CDOM 163

$200,000-$300,000 ~ 5 Active Listings, 0 Pending Listings, 0 Sold Listings

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 7/1/08 through 9/30/08.


Photo Featured Circle Pines Listing:
401 Village Parkway, Circle Pines, MN 55014


Other Listings in the Northern Metro:

• 15139 E Vermillion Circle NE, Ham Lake, MN 55304
• 25797 Freeport Ave, Wyoming, MN 55092

Articles on Lakeshore and Minnesota that might be of interest:

• Anoka County Foreclosures Rate Highest in Metro-How Does this Affect Homeowners?
• Dreaming of Life on MN Acreage?--What YOU Need to Know Before YOUR Move!
• EXTREMELY Affordable Minnesota Lakeshore!

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. 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 2008 terieckholm.com

Circle Pines & Lexington, MN Real Estate Market 2008 Mid Year Sales Statistics

Circle Pines is a small city, approximately 2 square miles, in Anoka County. The neighboring community, Lexington is even smaller encompassing less than one square mile of land. Both little communities are often overlooked since they are sandwiched between Blaine, Lino Lakes just to the north of Shoreview.

Circle Pines might be small but is thriving and has a unique history. According to Circle Pines and Lexington History, it was one of the first cooperative communities started in 1946 in an area between the townships of Blaine and Centerville in Southern Anoka County. According to the Circle Pines website, the symbol of the cooperative was a pine tree with a circle around it; thus the name Circle Pines. Though the unique development idea only lasted 3 years due to financial and leadership problems, the name remained. One benefit of its cooperative past is that Circle Pines is the only suburban city that operates its own natural-gas distribution company which serves part of Lino Lakes. The community is a part of the Centennial School District is home to Golden Lake and acres of wetlands.

Real estate in the communities of Circle Pines and Lexington is affordable and selling—though admittedly at a slower pace than most sellers would like. First half of 2008 numbers show area homes are staying on the market an average of 160 days. When broken down to single family homes versus townhomes/ condos, the single family homes have a 158 average CDOM while townhomes/condos are selling a bit more slowly with a 181 CDOM. Prices reductions on townhomes are drastic in this area due to the abundance of new construction in the neighboring community of Blaine. Amazing deals can be had for the astute first time condo home buyer.

The cumulative days on market numbers for Circle Pines are comparable favorably with other areas of the north metro like Blaine, Forest Lake, Lino Lakes and Ham Lake where homes had 1st quarter cumulative days-on-market rates (CDOM) ranging from 150 to over 200 days. (Links to statistical reports for these communities are listed below.)

Inventory levels of single family homes under $200,000 in Circle Pines are reasonable as most homes fit into that under $300K price catagory. Lower days on the market can be partially attributed to fewer high priced homes and the central location to the downtown areas. New construction townhomes in Lexington that have been on the market since 2005 also skew the DOM results.

2008 Mid Year Sales Statistics for Circle Pines residential real estate statistics for single family homes:

Under $200,000~ 15 Active Listings, 6 Pending Listings, 11 Sold Listings, CDOM 151

$200,000-$300,000 ~ 15 Active Listings, 4 Pending Listings, 5 Sold Listings, CDOM 140

$300,000-$400,000 ~ 0 Active Listings, 0 Pending Listings, 2 Sold Listings, CDOM 265

$400,000-$500,000~ 4 Active Listings, 0 Pending Listings, 0 Sold Listings

$500,000 and Up ~ 1 Active Listings, 0 Pending Listings, 0 Sold Listings

2008 Mid Year Sales Statistics for Circle Pines residential real estate statistics for townhomes and condos:

Under $200,000~ 24 Active Listings, 0 Pending Listings, 13 Sold Listings, CDOM 181

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

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/08 through 6/30/08.

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

Photo Featured Listing in Circle Pines Listing :401 Village Parkway, Circle Pines, MN 55014

Other Anoka County Listings:
601 86th Lane NW, Coon Rapids, MN 55433
15139 E Vermillion Circle NE, Ham Lake, MN 55304


Articles on Lakeshore and Minnesota that might be of interest:

• Does "Minnesota Nice" Affect the Real Estate Market? "Yah, You Betcha!"
• Anoka County Foreclosures Rate Highest in Metro—How Does this Affect Homeowners?
• Dreaming of Life on MN Acreage?--What YOU Need to Know Before YOUR Move!
• Affordable Minnesota Lakeshore
• Blaine, MN Real Estate Market Statistics 1st Quarter 2008
• Forest Lake, MN Real Estate Market Statistics 1st Quarter 2008
• Ham Lake, MN Real Estate Market Statistics 1st Quarter 2008
• Lino Lakes, MN Real Estate Market Statistics 1st Quarter 2008
  

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. 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 2008 terieckholm.com