Year End 2009 Snapshot of Linwood, MN Home Sales Statistics

Linwood real estate has a bit of a better outlook after 2009. New listings were down slightly but closed home sales were up significantly. And Linwood was one of the very few north metro communities where the average sales price actually increased; albeit only 4%. After the rough 2008, this is welcome news for Linwood homeowners. This rural Anoka County community featuring acreage and lakeshore properties is located just north of Columbus and south of Stacy, saw a bit of a decrease in time on the market down 8% from 179 days in 2008 to 164 days in 2009. Not all of Linwood’s news is rosy however. The area is continuing to experience one of the lowest ratios of sales price to list price at just under 90%. This meaning sellers in Linwood are negotiating hard to get their homes sold.

Copyright 2010 Teri Eckholm h

Year End 2009 Snapshot of East Bethel, MN Home Sales Statistics

With the number of closed sales dramatically up for the second year in a row and this year new listings dramatically down, there is significantly less real estate inventory to start off 2010 in the East Bethel. While this northern Anoka County community did see a drop in the average sales price in 2009 compared to statistics in 2008, lower inventory is a good indicator of a more balanced market on the horizon. The ratio comparing sold price to list price did see a bit of a comeback in 2009 but at just over 90% it is one of the lowest in the north and east metro communities I work in. The Days on the market statistic is also up again for the second year in a row; this is significant as many surrounding communities did see a bit of a drop in DOM in 2009.

Copyright 2010 Teri Eckholm 

Year End 2009 Snapshot of Circle Pines, MN Home Sales Statistics

The number of new listings in Circle Pines dropped again in 2009 compared to the previous year. In this small Anoka County community, just north of Shoreview, home sales more homes sold; up over 22% from last year. The average time on the market did drop in Circle Pines from 141 days to 127 days on the market. The average price also fell by over $35,000 which is over 14% lower, than in 2008 making this community that has an abundance of starter homes, even more affordable than last year. The ratio of percent received versus list price is also up for this year to 94%. All in all, the home sales market in Circle Pines, Minnesota appears to be weathering the changed market well.

Copyright 2010 Teri Eckholm 

Year End 2009 Snapshot of Coon Rapids Market Statistics

Coon Rapids, Minnesota homes are sold faster in 2009 than 2008 and more homes were sold too! New listings were down by almost 15% which is a sign that this Anoka County Community is moving closer to a more balanced market. The average sales price did dropped again by over 16% so affordability was evident in Coon Rapids in 2009 but with the lower inventory levels, we could see the average sales price start to level off in 2010. The ratio of original price to received price is down is starting to edge up in Coon Rapids which is good news for those considering selling in 2010.

Copyright 2010 Teri Eckholm

Year End 2009 Snapshot of Columbus MN Market Statistics

Home sales are up in Columbus, Minnesota which is well known for its acreage properties but like most neighboring communities, prices are not. In this Anoka County community, just west of Forest Lake, home sales rose over 37% from 2008 to 2009. The average price of a home dropped nearly 11% and fewer homes were listed on the market. Decreased inventory helped sellers to keep more dollars in their pockets during negotiations than in some neighboring communities although the ratio of percentage of list to sale price did go down. With average days on the market also down considerably for the first time in two years, it appears that buyers are making decisions quickly on acreage homes in Columbus, Minnesota.

Copyright 2010 Teri Eckholm 

Year End 2009 Snapshot of Centerville MN Market Statistics

Centerville, Minnesota came through 2009 without a big change in average sales price. Days on the market are up a bit but still in line with surrounding Anoka County communities. Centerville home sellers are not being hit as hard in the negotiations as indicated by the ratio of original price to sold price going back above 90% in 2009. That is good news for sellers as is new listings being down a bit means less competition. However, Centerville remains an affordable place to call home.

Copyright 2010 Teri Eckholm 

Year End 2009 Snapshot of Lino Lakes, MN Home Sales Statistics

The number of closed sales made a dramatic rebound in Lino Lakes, Minnesota in 2009. After an over 25% decline in homes sold in 2008 in the Lino Lakes area, there was a similar resurgence of buyers in 2009. With the lower average price point, this was undoubtedly the result of the first time home buyer tax credit combined with bank owned and mediated inventory on the real estate market. It took about a couple of weeks longer to sell a home in Lino Lakes, Minnesota in 2009 but overall homes were selling in this Anoka County community. The number of new listings was up over 8% during the year, but that does not mean that inventory levels are high. In the lower price points, real estate inventory is very manageable. 

Copyright 2010 Teri Eckholm