2009 Real Estate Sales Statistics for the North and East Metro—Snapshot VS Detailed Report

Real estate marketing statistics can be confusing. Local television news reports can seem to be conflicting and if you are a home owner or home buyer, you may have trouble understanding what you hear. On one channel there will be a news report proclaiming good news with rising average sales prices for several consecutive months in the Twin Cities metro area flip channels and there another talking head giving gloomy report of how foreclosures and short sales are causing a significant decline in the market value of homes in the Minneapolis/St. Paul area.

Since January, I have been posting real estate market statistics for the communities in the north metro where I do the bulk of my business. While I work in Anoka County, Southern Chisago County, North and Eastern Ramsey County and North Washington County, the focus of my business is Ham Lake, Blaine, Lino Lakes and all communities in the Forest Lake and Centennial school districts. That does include a good number of communities so it takes a bit of time to pull all of the information together.

There are two types of reports that I post. The first is a quick snapshot that includes information taken directly from the Minneapolis Area Association of REALTORS® website’s Top 100+ Report (a comprehensive database with statistics for 205 different Twin Cities communities). I pull these stats into a chart and post along with a quick synopsis of what happened during the past year. I have done quite a few of these "short and sweet" looks into the basic real estate housing stats for several north and east metro communities.

Housing Statistic Snapshots

• 2009 Year End Snapshot of Andover, MN Home Sales Statistics


• 2009 Year End Snapshot of Blaine, MN Home Sales Statistics


• 2009 Year End Snapshot of Centerville Market Statistics


• 2009 Year End Snapshot of Chisago City, MN Home Sales Statistics


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


• 2009 Year End Snapshot of Columbus, MN Home Sales Statistics


• 2009 Year End Snapshot of Coon Rapids Market Statistics


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


• 2009 Year End Snapshot of Forest Lake MN Home Sales Statistics


• 2009 Year End Snapshot of Ham Lake, MN Home Sales Statistics


• 2009 Year End Snapshot of Hugo, MN Home Sales Statistics


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


• 2009 Year End Snapshot of Linwood, MN Home Sales Statistics


• 2009 Year End Snapshot of Mahtomedi, MN Home Sales Statistics


• 2009 Year End Snapshot of North St. Paul, MN Home Sales Statistics


• 2009 Year End Snapshot of Oakdale, MN Home Sales Statistics


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


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


• 2009 Year End Snapshot of Wyoming, MN Home Sales Statistics

But as is said, the devil is in the details . I have another version of market reports for specific communities are not snapshots. In the communities that I work in on a daily basis, I want to really help people to understand the market so I take good hard look at the real estate sales on a quarterly basis and post a more detailed report. I also post a year end review several communities I work in and know well.
Detailed Statistic Reports
Blaine, MN Year End Real Estate Market Statistics 2009
Forest Lake, MN Year End Real Estate Market Statistics for 2009
Ham Lake, MN Year End Real Estate Market Statistics for 2009
Lino Lakes, MN Year End Real Estate Market Statistics 2009
White Bear Lake, MN Year End Real Estate Market Statistics 2009
When I take the time to pull statistics directly from the Twin Cities Multiple Listing Service (MLS) I look for specific details like cumulative days on the market (CDOM). This comes into play every time a home is relisted as a new listing in the MLS. The snapshots DOM do not take relisting into account so the time on the market appears to be much shorter than it really is in some area.
I also look at CDOM by price point. Homes in the lower price ranges are selling much more quickly that in the higher price points. A quick overview does not get that specific.
Since each community is so different, I will examine different things in different areas. Blaine has an abundance of townhomes. Since townhomes are lingering on the market in all price points, this does have an affect on the CDOM if the sales are looked as an aggregate. But if the townhomes and single family homes are looked at separately, the details give home buyers and sellers more useful information than a one-size-fits-all quick look at the market. Now in Forest Lake, lakeshore homes are a focus while in Ham Lake and Lino Lakes, acreage comes into play.
Knowing how to pull the right comparables and read the market comes from knowing a specific area and what makes the community different. Finding a REALTOR® that knows the details is imperative when buying or selling in this topsy-turvey, continually changing real estate market. There is no one-size-fits-all agent when buying or selling a home today. It is necessary to work with an expert.


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 Mahtomedi, MN Home Sales Statistics

In this northern Washington County community, just east of White Bear Lake, closed home sales were down in 2009 by over 21%. With few starter priced homes in Mahtomedi, the tax credit did not jumpstart sales as it had in many other metro suburbs. The average sales price of sold homes was down as the foreclosure and lender-mediated homes are everywhere. New listings are also down significantly in Mahtomedi so the market is starting to become more balanced. Sellers are still getting 92% of their asking price though the average sales price dropped significantly to $265,705. Time on the market to sell a home, has remained flat at just over four months. It appears that the Mahtomedi market is still working toward becoming balanced again but home buyers may still have an edge in this community.

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 Hugo, MN Home Sales Statistics

In this northern Ramsey and Washington County community, just north of White Bear Lake, closed home sales were up an average of by nearly 43%. Unfortunately, the average sales price did continue to decline again during 2009; down nearly 17% to under $200,000! This is no doubt a reflection of the significant amount of first time home buyers in the market. With only a handful of additional new listings in the area, inventory is down considerably. Sellers are already starting to see sales prices come in closer to asking price. Time on the market to sell a home, has remained flat at just over four months. It appears that the Hugo market is starting to become more balanced which is great news for homeowners in this Washington County suburb.

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 Oakdale, MN Home Sales Statistics

Closed sales were way up in Oakdale in 2009 unfortunately the average closed sales price was down. But a nearly 38% increase of closed sales shows that homes are selling in this popular Washington County suburb just east of St. Paul. The average price was down over 13% so undoubtedly many of the homes sold were lender mediated properties. As we have seen in many other communities across the Twin Cities metro, this is probably a combination of the trend of many lender-mediated sales with few higher valued traditional homes sold this past year. A good point is that in this Washington County community is time on the market is down quite a bit too. Inventory is moving in Oakdale and that will lead to a more balanced market between buyers and sellers. Buyers looking to take advantage of the lower prices and great affordability of Oakdale homes will need to make decisions soon as home are selling in this community!

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  

Year End 2009 Snapshot of Forest Lake, MN Home Sales Statistics

The sold signs are going up faster on homes in the community of Forest Lake Minnesota in 2009 compared to 2008 but the amount they are getting for the homes is significantly less than previously. The average sales price of a home was down nearly 28% this past year for this north Washington County/east Anoka County community. One explanation; Frustrated sellers of high end lakeshore homes continue to wait for a sale as first time buyers scoop up deals on the lower end of the market in order to get the expiring tax credit. More closed sales means the inventory is down overall.

 

Copyright 2010 Teri Eckholm