White Bear Lake Minnesota | Video Update on Housing Market 2018

Here's a quick view of real estate sales statistics in White Bear Lake Minnesota for year end 2017. And what might be expected in the Spring 2018 housing market in the local area. 

If you have additional questions on selling or buying a White Bear Lake home, please call or message me directly. I am always happy to assist. 

Check out a recent review I received from a past client: "Teri Eckholm helped us with the sale of my mom's house. Teri was very professional and helpful during the entire process. She knew the market well and was able to recommend home improvements to help sell mom's house. She always replied to our questions quickly and she made us feel like we were her only clients. My mom felt comfortable working with Teri and I knew my mom was being well taken care of. Teri took the worries and stress out of the home selling process for my family and I give her the highest of recommendations to anyone looking for a great realtor. Thanks Teri!" --Chris Johnson

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READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. 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.
 
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White Bear Lake MN | 2018 Housing Market Update Snapshot of Home Sales Statistics

 

The housing market in White Bear Lake, Minnesota is booming. This northeast suburb of the Minneapolis/St. Paul metro area had less homes list but almost an equal number of sold in the year over year statistic from 2016. The effect on average price was a solid 4.5% increase. While not as impressive as the 8.8% increase the previous year, this was none the less a sign that home sellers in  the White Bear Lake housing market is still remain in control when negotiating. In 2017, White Bear Lake homes sold for an average $245,347 and an average price per square foot $141/sq ft. Homes were selling at a faster pace in 2017 too, It took an average 43 days to sell in the city of White Bear Lake this past year. Sellers are in a strong negotiating position and offers are being accepted very close to the listed price. Last year sellers in the White Bear Lake area received an average of over 98% of asking price.

As we start 2018, housing inventory levels are very low for homes in the White Bear Lake area so it remains a seller’s market, giving the negotiating advantage to a home seller. With continued low interest rates, home buyers seeking their dream homes have started very early this year and homes listing now are getting showings and offers. Home owners wanting to take advantage of this strong market might want to list asap. There is a huge demand for affordably priced starter homes in the White Bear Lake Area! With home inventory is low, the negotiating edge goes to the seller but as more homes list in the spring, the market will level out a bit as we go toward summer.

 

Need more information on the White Bear Lake housing and real estate market?  Message Me on Facebook

What is my White Bear Lake Home Worth?

READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. 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 2018 terieckholm.com