Minnesota Real Estate Update: year end housing statistics

Showing posts with label year end housing statistics. Show all posts

Wednesday, February 24, 2016

Snapshot of Home Sales Statistics in Maplewood, MN Year End 2015

The housing market in Maplewood, Minnesota remained strong and steady throughout 2015. Similar to other communities in the Minneapolis/St. Paul metro, this Ramsey County city has real estate sales statistics remained solid with abundant sales and new listings. Both the number of new listings and closed sales were up from 2014 and the average sold price was steady coming in slightly lower than last year at just under $200K. Keep in mind; just four years ago the average price of a home was over $50K less at $146,957. Continued sales at a steady price show a solid comeback for housing sales in the area.

Back in 2011, Maplewood homes were bringing in an average price per square foot of $82 which was similar to many other communities in the northeast Minneapolis/St. Paul area at that time. In 2015, Maplewood home sellers saw the price per square foot rise a tad over the 2014 price to $108 on average but significantly higher than four years ago. Sellers continue to get about 96% of their asking price in 2015 but the time to sell a home has decreased. The average time on the market to sell a home was down significantly from 2014, taking an average of 69 days to sell. Compare this to the 164 average days on market (DOM) statistic in 2011 to realize just how big the rebound of the Maplewood market has been. A limited housing inventory will continue to push prices up slightly and homes appear to be selling at a somewhat brisk pace. Maplewood home owners considering selling in 2015 might want to get their home listed early. The housing market is strong and inventory is low giving a slight edge to sellers when a home is well priced and properly prepared to list.

What is MY Maplewood Worth?

READY TO MAKE A MOVE? Let me be your professional guide. 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 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 2016 terieckholm.com

Monday, February 15, 2016

Snapshot of Home Sales Statistics in North Oaks, MN Year End 2015

The housing market in North Oaks, Minnesota saw significant improvement in 2015. This north metro Ramsey County community with private roads, golf course and upscale executive homes increased new listings and closed sales in 2015. There was also a nice year over year increase in the average sales price which was up almost 9% to $727,159. The amount sellers are receiving on their homes is close to asking their asking at 96.7% which is up over 3% from 2014. The average price per square footage likewise jumped from $154/square foot in 2014 to $179 at the end of the year which is an increase of over 16%. Time on the market to sell a North Oaks home, is down by over 26% with homes taking just over 4 months to sell on average. This is higher than other communities in the metro but with price points significantly higher in this unique, upscale community, this is expected.

As we start 2016, housing inventory levels are average in North Oaks. There are several new construction properties and a handful of unique previously owned treasures. Each home is very unique North Oaks with many designed by architects specific to the owners specifications. Since interest rates continue to remain affordable, home buyers out there searching for their 2016 dream home would be well advised to explore options in North Oaks.

What is my North Oaks Home Worth?

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Snapshot of Home Sales Statistics in North St Paul, MN Year End 2015

North St. Paul home owners are smiling almost as big as the world’s largest year round snowman that hangs out in the center of town along Highway 36. This eclectic, vibrant community is actually located more to the east than north of the Minneapolis/St Paul metro and has been experiencing continued improvement in the real estate market. The number of new listings and closed sales significantly improved for the fourth year in a row. The average sales price increased in 2015 to over $176,000 and the price per square footage rose from $101 to $109. This is a huge increase from just 4 years ago when the average sales price of a home in North St. Paul was under $130K and the average sold price per square foot just $80. The average days-on-the-market statistic has also dropped significantly for the fourth year in a row to just 65 days. This is half the time it took to sell a home in 2011 when the average time to sell a home was 130 days! The accepted offers on North St Paul homes are closer to their asking price this year too coming in at an average 96.6% of the listed price.

The housing inventory is low across the Twin Cities metro and North St. Paul is no exception as we begin 2016. This creates a bit of a seller’s market, giving home seller a slight edge when negotiating with a buyer. With continued low interest rates and a mild Minnesota winter, home buyers are in the market for their dream homes now. North St. Paul home owners considering selling in 2016 and hoping to get the most leverage from the improved market should consider listing their homes as soon as possible before the increased competition in the spring.

What is MY North St Paul Home Worth?

Wednesday, February 25, 2009

Lino Lakes, MN Real Estate Market Statistics Year End 2008

Like much of the real estate in the Minneapolis/St. Paul area, Lino Lakes, MN in Anoka County is amazingly affordable. This year properties sold but the average selling price was directly affected by the bank owned and lender mediated properties on the market. Traditional homes had longer market times but properties were selling.

Though Lino Lakes has a good mixture of lakeshore, acreage and townhome residences but is more known for having a bit of space between the houses. It conveniently located near the junction of the 35E and 35W split, just north of the Twin Cities, Lino Lakes is a 33 square miles treasure. With 13 lakes and acres of beautiful protected wetland, the community is served by three school districts; Centennial District #12, Forest Lake District #831, and White Bear Lake District #624. The gem attraction is the pristine 2,700-acre Rice Creek Chain of Lakes Regional Park Reserve is situated within the heart of the city. Lino Lakes is committed to maintain this treasure and its natural settings and wildlife habitats for years to come.

The year end numbers for Lino Lakes sales show area homes were selling slower than last year with an average of 160 days on the market for sold properties (DOM) compared with 141 days DOM in the fourth quarter of 2007. Looking at current inventory levels and the rate of sales for homes priced under $300,000, there is about 10-11 months of inventory. This does seem a little longer than in surrounding communities. Hopefully things will pick up again as the snow melts away.
While homes under $300,000 in Lino Lakes have a manageable inventory level high end homes continue to sell at a slower pace but surprisingly, not by much. Based on the year end statistics, it will now take about 13 months to sell the current inventory of homes above the $400,000 price tag. This is down considerably in Lino Lakes from last year when the inventory level hovered around the two year mark for absorption. Surrounding Anoka County areas still have 2 plus years of inventory as we started 2009.

2008 Average Sales Price of all homes sold in Lino Lakes:

All Homes $259,826

Single Family Homes $276,580

Townhomes/Condos $169,074

2008 Average Cummulative Days on Market in Lino Lakes:

All Homes 160

Single Family Homes 157

Townhomes/Condos 178

4th Quarter Lino Lakes residential real estate statistics for single family homes:
Under $200,000~ 43 Active Listings, 7 Pending Listings, 27 Sold Listings, 131 CDOM
$200,000-$300,000 ~ 45 Active Listings, 5 Pending Listings, 62 Sold Listings, 136 CDOM
$300,000-$400,000 ~ 29 Active Listings, 2 Pending Listings, 27 Sold Listings, 160 CDOM
$400,000-$500,000 ~ 8 Active Listings, 1 Pending Listings, 7 Sold Listings, 232 CDOM
$500,000 and Up~ 12 Active Listings, 1 Pending Listings, 7 Sold Listings, 267 CDOM
Lakeshore available in Lino Lakes as of 2/25/20093 Active Listings
Lino Lakes lakeshore price range: $499,000-$698,000
1 Home on Baldwin Lake
2 Homes on Reshanau LakeAcreage properties available in Lino Lakes as of 2/25/2009
11 properties listed on 1-2 Acres priced between $192,500-$799,900.
3 properties listed on 3-5 Acres priced between $145,000-$550,000
3 properties listed on 5-10 Acres priced between $349,000-$650,000
1 property listed on 10.92 Acres priced at $279,900
1 property listed on 29 Acres priced at $849,900
1 property listed on 80 Acres priced at $6,000,000

For additional information on any current Lino Lakes real estate listing or for additional information on buying a home in Lino Lakes contact Teri Eckholm directly at 651-336-7073.
**All Statistical information sold based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/08 through 12/31/08.

Tuesday, January 27, 2009

Year End 2008 Snapshot of Blaine, MN Home Sales Statistics

The number of new listings has dropped significantly in Blaine, Minnesota right along with the average sales price. This is no doubt due to the fact that Blaine’s high valued home market in prices $500,000 and up is stagnant while the new townhomes and foreclosure/short sale homes in the lower price points continue to sell. Closed sales are up for Blaine in 2008 over 2007 so the market is moving. But listings are staying on the market for an average of almost a month longer than the previous year. Blaine still has an abundant home inventory and with prices down and sellers negotiating, this could be an affordable option for a north metro homebuyer!

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!

Thursday, January 22, 2009

Year End 2008 Snapshot of Centerville Market Statistics

The number of new listings is down in significantly in Centerville, Minnesota and surprisingly so it the average days on the market. Homes sold almost three weeks faster in 2008 than in 2007. Centerville home sellers are negotiating on prices as indicated by the ratio of original price to sold price being down under 90%. That is good news for buyers as combined with the average sales price being down a bit too, Centerville is looking like a very affordable place to call home!

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

Year End 2008 Snapshot of Coon Rapids Market Statistics

Coon Rapids homes are selling a little slower this year than last but the total number of homes sold has remained about the same. There has been a good drop in new listings which helps to keep inventory levels down. The average sales price dropped by just under 15% so affordability is evident in Coon Rapids. The drop in the ratio of original price to received price is down which shows that sellers are negotiating. Though homes sold almost three weeks faster in 2007 than in 2008, the overall time on the market is still in line with neighboring communities.

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

Tuesday, January 20, 2009

Year End 2008 Snapshot of Chisago City, MN Home Sales Statistics

Closed sales and average sales price were down significantly for Chisago real estate in 2008 compared to statistics in 2007. New listings were down more than in other areas but so is the accepted sales price ratio compared to list price. At just over 89% it is one of the lowest in the north and east metro communities I work in. Though the market time is up, it is not significantly more than in neighboring communities. Buying a home in Chisago City would be a very affordable option as the sellers in this community seem prepared to make deals.

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

Year End 2008 Snapshot of East Bethel, MN Home Sales Statistics

While the number of closed sales was up, the average sales price was down significantly for homes in the East Bethel community in 2008 compared to statistics in 2007. Like in other areas, new listings were down too. At under 88%, the ratio comparing sold price to list price it is one of the lowest in the north and east metro communities I work in. Days on the market is also significantly longer as it took almost 6 weeks longer for an East Bethel home to sell in 2008 than in 2007.

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

Monday, January 19, 2009

Year End 2008 Snapshot of Linwood, MN Home Sales Statistics

The market of homes in Linwood, Minnesota took a hit in 2008. New listings were down. Closed Sales were down. And the average sales price was down. All significantly. The average sales price of a home dropped nearly 27%; from the around $250,000 to just over $185,000 compared to sales in 2007. This rural Anoka County community featuring acreage and lakeshore properties north of Columbus and south of Stacy, had a whopping increase in time on the market up nearly 24% from 2007 to 179 days on the market. Linwood is also experiencing one of the lowest ratios of sales price to list price meaning sellers in Linwood are negotiating to get their homes sold. With lower average sales prices, acreage and lakeshore homes are very affordable in Linwood right now!

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

Year End 2008 Snapshot of Andover, MN Home Sales Statistics

The good news about Andover real estate in 2008 is that homes in Andover are selling once again. The statistic for closed sales shows the number of homes sold was up 16.6% in 2008 over the previous year. The bad news is that the average price has dropped significantly as well. An average sale in Andover is just under $250,000. This is probably due to the fact that fewer high valued homes are selling anywhere in the Twin Cities metro. Another trend for this Anoka County community is that time on the market has increased by over 20% with homes staying on the market an average of a month longer. This bodes well for home buyers as Andover affordability is way up! It would be a good time to consider a purchase as sellers are looking at continued competition with a steady amount of homes coming on to the market and longer market times.

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

Sunday, January 18, 2009

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

The number of new listings in Circle Pines dropped significantly i

n 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.

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Year End 2008 Snapshot of Hugo, MN Home Sales Statistics

While the number of new listings, closed sales and average sales price for h

omes in Hugo, Minnesota dropped between 10-14% in 2008 compared to the previous year, the biggest change was in time on the market. In this northern Ramsey and Washington County community, just north of White Bear Lake, home sales were an average of 40 days longer than in 2007; up statically by nearly 47%! Gas prices and a devastating tornado may have played a role. With the lower average sales price of a home in Hugo at $236,517, down just over 13%, a first time homebuyer can consider this community an affordable option once again.

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

Friday, January 16, 2009

Year End 2008 Snapshot of White Bear Township, MN Home Sales Statistics

Home sales were pretty stable in White Bear Township, Minnesota in 2008

versus 2007. In this northern Ramsey County township has weathered 2008 much better than the neighboring City of White Bear Lake. Home sales dropped just 7.4% and the average sales price held at just over $265,000 down only 2.9%. The days-on-the-market (DOM) was up by only 3 days for the year. White Bear Township is fortunate to have experienced a somewhat stable market in 2008.

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Year End 2008 Snapshot of White Bear Lake, MN Home Sales Statistics

Home sales took a bit of a hit in White

Bear Lake, Minnesota as home less homes closed for less dollars in 2008 versus 2007. In this Northern Ramsey County city home sales dropped just over 14% but inventory levels should stay the same as there were just over 13% newly listed homes too. The average sales price took a 20% hit as fewer homes over $250,000 are selling anywhere in the Twin Cities. Days on the market it up as it took over a month more time to sell a home in 2008 than in the previous year. With affordability up and prices and interest rates down, now is a great time to consider purchasing a White Bear Lake home.

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

Year End 2008 Snapshot of Ham Lake, MN Home Sales Statistics

Home sales did not fluctuate

significantly in Ham Lake, Minnesota a community synonymous with acreage properties. In this eastern Anoka County city home sales were flat with only two additional homes sold this year than in 2007. There were only a handful more homes listed too and the average days on the market rose only by six days from 178 to 184, not significant. The average price of a home sold did drop quite a bit however. It is 11.7% lower than in 2007 as it fell to under $300,000. All in all, the home sales market in Ham Lake, Minnesota appears somewhat stable.

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

Thursday, January 15, 2009

2008 Year End Snapshot of Columbus, MN Home Sales Statistics

Home sales did not fluctuate significantly in Columbus, Minnesota

which is well known for its acreage properties. In this Anoka County community, just west of Forest Lake, home sales were flat with only one additional home sold in 2008 over last year. There were only a few less homes listed so too and the average price of a home sold held relatively steady as well. Not all statistics were rosy for Columbus as it was taking significantly longer to sell a home in this community as compared to last year…over two months longer. All in all, the home sales market in Columbus, Minnesota appears relatively stable.

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

2008 Year End Snapshot of Lino Lakes, MN Home Sales Statistics

The number of closed sales took a drastic drop in Lino Lakes, Minnesota in 2008. Over 25% fewer homes were sold last year in the Lino Lakes area than in 2007. The number of new listings is down as well along with the average price of a home sold. It took about a month longer to sell a home in Lino Lakes, Minnesota in 2008 compared to in 2007 but the Days on Market Statistic is still significantly lower than in some other north metro communities.. The average sales price for a home is down just over 14%. This probably reflects that more lower priced homes are selling than those at the higher price points as well as the flattening of home values. As in other Twin Cities north metro areas, affordability is up. If you are a home buyer looking for the right time to buy a Lino Lakes, this may be the best time in a long time to make your move!

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

Wednesday, January 14, 2009

2008 Year End Snapshot of Wyoming, MN Home Sales Statistics

The number of new listings is down in Wyoming, Minnesota but so is the average sales price of a home in this community. It took and average of twenty extra days to sell a home in Wyoming, Minnesota compared to last year but the Days on Market Statistic is similar to other area communities.. The average sales price for a home is down just over 17% but on a positive note, this means affordability for home buyers is up as well. If you are a home buyer looking for the right time to buy a Wyoming, MN home, the time is now!

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

Tuesday, January 13, 2009

2008 Year End Snapshot of Forest Lake MN Home Sales Statistics

It is not just your imagination; it is taking longer to sell a home in Forest Lake Minnesota. Compare year end figures from last year, it homes are taking an average of 30 days longer to sell in the community of Forest Lake. The average sales price for a home is down just over 9% but on a positive note, this means affordability for home buyers is up as well. If you are a home buyer looking for the right time to buy, the time is now!

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