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

There were just a few more closed sales in Chisago during 2009 over 2008 but the average sales price was down significantly for the second year in a row. New listings were down almost 21% over the previous year. Sellers are receiving just slightly less than they did in 2008 with as the accepted sales price ratio compared to list price ratio is down just a bit. At 89% it remains one of the lowest in the north and east metro communities I work in as many communities saw an improvement in this ratio this year. Market time is up significantly to well over 200 days. Buying a home in Chisago City could continue to be a very affordable option as there appears to be plenty of sellers still on the market and willing to negotiate on the list price of their properties.

Copyright 2010 Teri Eckholm 

Year End 2009 Snapshot of Wyoming, MN Market Statistics

The number of new listings was down again for 2009 in Wyoming, Minnesota along with the average sales price of a home in this Southern Chisago County community. Since 2007, the average sales price of a home dropped by over 30%; over 15% last year alone. A high point to the year is that homes are selling at a faster pace with an average of 47 days less time on the market in Wyoming, Minnesota compared to last year. Sellers appear to be getting just over 91% of their asking price which is in line with several other north east metro communities. If you are considering selling your Wyoming home, this might be a good time to list with less inventory on the market to compete with.

Copyright 2010 Teri Eckholm