Forest Lake MN Real Estate Market Statistics 3rd Quarter 2009

Forest Lake, Minnesota is well known throughout the Twin Cities area. It was a favorite summer vacation spot, an annual ice fishing tournament tradition or as a destination when going for a Sunday a drive in the country in days gone by. Today, the lakeside cabins have been replaced with year round residences, the fishing tourney is but a memory and the farms are few and far between in this third ring St. Paul suburb.
Real estate in Forest Lake, MN in north Washington County and east Anoka County has seen homes priced under $200,000 continue to sell in the 3rd quarter which is consistent with most of the Twin Cities area. A total of 24 single family homes priced under $200K were sold in Forest Lake and Forest Lake Township during this time period. This is a 50% increase in unit sales from the previous quarter. The Cumulative Days on Market (CDOM) Statistic was again slightly lower than the previous quarter with 126 CDOM compared to 129 CDOM in the 2nd quarter. This is quite a bit better than what was seen in the first half of 2008 when the CDOM ranged from 211-286. This surge in home sales in the lower price points is almost certainly a result of the $8000 first time homebuyer tax credit.
It appears the high end homes will continue to struggle into 2009 with only 2 homes sold over $400,000. Obviously, there weren’t too many first time buyers looking at homes in THIS price range. And as most of the homes sold in the lower price points were foreclosures or vacant homes, there wasn’t the “move-up” activity seen in a normal market. When the lower value home sold in the past, a family generally moved to a larger more valuable home. Not the case in this market…and the statistics in Forest Lake back this scenario up. Forest Lake continues to have about 5-6 YEARS of lakeshore and executive home inventory…much of it on the very desirable Forest Lake's picturesque First Lake.
With this abundance of inventory, some sellers have aggressively priced their home to sell. Facing another winter with an empty home is not an option many home sellers want to consider so it is now a great time for buyers to get deals. There are a few beautiful homes are currently on the market in Forest Lake at amazing prices; many are lakeshore and acreage properties. With this much inventory, motivated sellers will need to be flexible on pricing.
There are 45 active lakeshore homes for sale in the Forest Lake area and some are at attractive and affordable price points. Many have been on the market for several months; some over a year. With the amazing low interest rates and few high-end buyers, it could be a great time to negotiate a deal on your piece of Forest Lake Minnesota shoreline!
3rd Quarter 2009 Forest Lake real estate statistics for single family homes:
Under $200,000~ 34 Active Listings, 10 Pending Listings, 24 Sold Listings, 126 CDOM (Lakeshore Subgroup ~ 0 Active, 1 Pending, 2 Sold)
$200,000-$300,000 ~ 56 Active Listings, 8 Pending Listings, 9 Sold Listings, 207 CDOM (Lakeshore Subgroup ~ 7 Active, 1 Pending, 0 Sold)
$300,000-$400,000 ~ 32 Active Listings, 4 Pending Listings, 4 Sold Listings, 87 CDOM (Lakeshore Subgroup ~ 4 Active, 2 Pending, 0 Sold)
$400,000-$500,000 ~ 13 Active Listings, 0 Pending Listings, 3 Sold Listing, 306 CDOM (Lakeshore Subgroup ~ 8 Active, 0 Pending, 1 Sold)
$500,000 and Up~ 38 Active Listings, 0 Pending Listings, 1 Sold Listings, 306 CDOM (Lakeshore Subgroup ~ 26 Active, 0 Pending, 1 Sold)
Lakeshore available in the Forest Lake area:
45 Active Listings, 4 Pending Listings, 4 Sold Listings
Forest Lake lakeshore price range:
$259,000-$2,600,000
41 Homes on Forest Lake
1 Homes on Clear Lake
2 Home on Comfort Lake1 Home on Shields Lake
**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 7 /1/09 through 9/30/09.

Copyright 2009 Teri Eckholm http://www.terieckholm.com/

Lino Lakes, MN Real Estate Market Statistics First Quarter 2009

Looking for a good deal on lakeshore or acreage in the Minneapolis/St. Paul area north metro? Lino Lakes, MN in Anoka County might be just the ticket. First quarter sales have seen sales in the lower price points with bank owned and lender mediated properties impacting the sales. Traditional homes had longer market times but some properties were selling.

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.

Lino Lakes single family homes are lingering on the market for about a month longer in this first quarter of 2009. The first quarter cumulative days on market (CDOM) statistic is much higher than for the average CDOM of 2008 (192 versus 160) 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 now that spring as just about sprung.

While homes under $200,000 in Lino Lakes appear to have about 10 months of inventory, homes in the $200,000- $300,000 price point are looking at twice the inventory and market time. Townhomes are moving even slower with about three years of inventory. High inventory combined with low interest rates and an $8000 tax credit for first time buyers makes it a great time to consider buying Lino Lakes home.

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 Cumulative Days on Market in Lino Lakes:

· All Homes 160
· Single Family Homes 157
· Townhomes/Condos 178

1st Quarter Lino Lakes residential real estate statistics for single family homes:

Under $200,000~ 21 Active Listings, 4 Pending Listings, 6 Sold Listings, 84 CDOM

$200,000-$300,000 ~ 46 Active Listings, 3 Pending Listings, 7 Sold Listings, 270 CDOM

$300,000-$400,000 ~ 29 Active Listings, 1 Pending Listings, 1 Sold Listings, 125 CDOM

$400,000-$500,000 ~ 10 Active Listings, 0 Pending Listings, 3 Sold Listings, 223 CDOM

$500,000 and Up ~ 14 Active Listings, 1 Pending Listings, 1 Sold Listings, 275 CDOM

1st Quarter Lino Lakes residential real estate statistics for townhomes and condos:

Under $200,000~ 27 Active Listings, 7 Pending Listings, 3 Sold Listings, 158 CDOM

$200,000-$300,000 ~ 5 Active Listings, 0 Pending Listings, 0 Sold Listings

$300,000-$400,000 ~ 2 Active Listings, 0 Pending Listings, 0 Sold Listings

Lakeshore available in Lino Lakes as of 3/31/2009
4 Active Listings

Lino Lakes lakeshore price range: $265,000-$648,000
1 Home on Baldwin Lake
1 Home on Otter Lake
2 Homes on Reshanau Lake
Acreage properties available in Lino Lakes as of 3/3/2009
15 properties listed on 1-2 Acres priced between $169,900-$799,900.
3 properties listed on 2.1-5 Acres priced between $249,900-$550,000
2 properties listed on 5.1-10 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 1/1/09 through 3/31/09.

Copyright 2009 Teri Eckholm http://www.terieckholm.com/

Forest Lake, MN Real Estate Market Statistics First Quarter 2009

Forest Lake, Minnesota is well known throughout the Twin Cities area. Many people from the city remember the northeast St. Paul suburb fondly from years gone by as a summer vacation spot, an annual ice fishing tournament tradition or as a destination when going for a Sunday a drive in the country. Today, the lakeside cabins have been replaced with year round residences, the fishing tourney is but a memory and the farms are few and far between in this third ring St. Paul suburb.

Real estate in Forest Lake, MN in north Washington County and east Anoka County has had a good first quarter for homes priced under $200,000. A total of 26 single family homes were sold in Forest Lake and Forest Lake Township during the first quarter of 2009. The Cumulative Days on Market (CDOM) Statistic ran at 165 days for all homes sold during the quarter which is equal to the CDOM of all of last year. In the first and second quarter of 2008, the CDOM was well over 211-286, so homes are continuing to sell at a faster pace as we start 2009.

Not surprisingly, the price category of under $200,000 is the high point of the year. With 19 listings sold with an average CDOM of just over 5 months, it appears buyers are out there shopping for homes under $200K. The $200,000-300,000 category has slowed a bit with only 3 homes sold but they sold quickly with a CDOM of 42 days. This statistic is more than likely skewed with the small number of sales. It appears that there is over 3 years worth of inventory in this price range but I think this will average out over the next few months.

It appears the high end homes will continue to struggle into 2009 with virtually no sales in prices over $500,000. The bulk of these properties are beautiful executive residences on Forest Lake’s picturesque First Lake. Currently, the Forest Lake community sits with nearly 5 years of inventory in this price range and no relief appears to be in sight.

Great homes are currently on the market in Forest Lake at amazing prices; many are lakeshore and acreage properties. With this much inventory, sellers will need to be flexible on pricing. It might be the perfect time to negotiate a GREAT deal on a lakeshore home!

Lakeshore opportunities have been abundant in the Forest Lake area in 2009! There are more listings than ever before at incredible prices too! The inventory is awesome…35 lakeshore homes are currently active and some are at attractive and affordable price points. Many have been on the market for several months. With the amazing low interest rates and few high pricepoint buyers, it could be a great time to negotiate a deal on your piece of Forest Lake Minnesota shoreline!

First Quarter 2009 Forest Lake real estate statistics for single family homes:

Under $200,000~ 28 Active Listings, 11 Pending Listings, 19 Sold Listings, 158 CDOM (Lakeshore Subgroup ~ 1 Active, 1 Pending, 1 Sold)
$200,000-$300,000 ~ 46 Active Listings, 4 Pending Listings, 3 Sold Listings, 42 CDOM (Lakeshore Subgroup ~ 1 Active, 0 Pending, 0 Sold)

$300,000-$400,000 ~ 22 Active Listings, 2 Pending Listings, 2 Sold Listings, 394 CDOM (Lakeshore Subgroup ~ 6 Active, 1 Pending, 1 Sold)

$400,000-$500,000 ~ 9 Active Listings, 0 Pending Listings, 2 Sold Listing, 199 CDOM (Lakeshore Subgroup ~ 6 Active, 0 Pending, 2 Sold)

$500,000 and Up~ 24 Active Listings, 0 Pending Listings, 0 Sold Listings (Lakeshore Subgroup ~ 21 Active, 0 Pending, 0 Sold)

Lakeshore available in the Forest Lake area:

35 Active Listings, 2 Pending Listings, 4 Sold Listings

Forest Lake lakeshore price range:

$199,000-$2,100,000

• 30 Homes on Forest Lake


• 2 Homes on Clear Lake


• 1 Home on Shields Lake


• 1 Home on Howard Lake


• 1 Home on Comfort Lake

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1 /1/09 through 3/31/09.

Copyright 2009 Teri Eckholm http://www.terieckholm.com/

March 2009 Video Update--Twin Cities Real Estate Market on Path to Recovery

Spring has sprung and with it comes a new video from the Minneapolis Association of REALTORS. The March Monthly skinny once again shows that the market appears to be making moves in the right direction. Pending sales are up 7.4% from this time last year. This is great news but it is also noted that over 60% of the pending sales are lender mediated (i.e. bank owned or short sale homes). The affordability index is nearly 90% higher on lender mediated properties than on homes sold by traditional sellers.

What is the Affordability Index?

When the affordability index is at 239 as mentioned in the video for lender mediated homes, it means that the median Twin Cities income is 239% higher than what is needed to qualify for the median priced Twin Cities home.

Check out the video for more indicators that the Twin Cities housing market is on track for a slow but steady recovery.

Copyright 2009 terieckholm.com

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.

Copyright 2009 terieckholm.com

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!

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!

Copyright 2009 terieckholm.com

Ham Lake, MN Real Estate Market Statistics Year End 2008

The City of Ham Lake has a rich history. Incorporated in 1974, Ham Lake became a city after over a hundred years of humble but steady growth. The area was first settled in 1855 by a group of Scottish men on the southwest side of Ham Lake. Though, I can only assume that the lake itself got its name due to its unusual “ham hock” shape, the community started out with a different name. The original name of the community was Glen Carey, which is the Scottish translation of “beautiful valley”. Following a prairie fire in 1857, the first settlers moved but the community was resettled again. The new Scandinavian settlers had a hard time with the pronunciation of Glen Carey and soon the fledging community was known as Ham Lake. Anoka County officially was recognized it as a township in 1871. In the early 1900’s Central Avenue (Highway 65) was a slow commute as it was a wagon trail through the sand and swampland. And we think going through stop light after stop light slows traffic. Though it was graveled and paved at some point, it 1954 before was expanded to four lanes.

Those four lanes are in full use now as more and more people look to buying home on acreage in the Ham Lake area. Though the sluggish real estate market has affected Ham Lake, MN and Anoka County in 2008, homes did sell. Homes are stayed on the market longer with an average Cumulative Days-on-Market (CDOM) of 158 days for homes during 2008. Note that CDOM for homes over $500,000 are the only homes with extremely long market times, selling with an average CDOM of 287.

While there are 13% fewer homes on the market in Ham Lake now compared to January 2008 (110 versus 126 active listings), homes are taking a bit longer to sell so there continues to be more homes on the market than buyers. Homeowners considering selling a home in the Ham Lake area must consider the average time to sell a home in the area is approximately 5-6 months but inventory levels indicate a different story. Inventory levels are manageable for homes under $200,000 with about 12 months of inventory. But it rises to 18 to 24 months in prices between $200,000 and $500,000. Over $500,000 there is over five years of inventory. Having your home properly priced and prepared for showings will be essential if planning to sell a home in this Anoka County community in 2009.

Year End 2008 Ham Lake residential real estate statistics for single family homes:
Under $200,000~ 27 Active Listings, 2 Pending Listings, 30 Sold Listings, CDOM 144 (All existing homes)

$200,000-300,000 ~ 29 Active Listings, 2 Pending Listings, 17 Sold Listings, CDOM 166 (New Construction Subgroup ~ 1 Active, 0 Pending, 1 Sold)

$300,000-400,000 ~ 33 Active Listings, 1 Pending Listings, 18 Sold Listings, CDOM 157 (New Construction Subgroup ~ 8 Active, 0 Pending, 2 Sold)

$400,000-$500,000 ~ 24 Active Listings, 2 Pending Listings, 12 Sold Listings, CDOM 156 (New Construction Subgroup ~ 3 Active, 1 Pending, 1 Sold)

$500,000 and Up~ 22 Active Listings, 0 Pending Listings, 4 Sold Listings, CDOM 287 (New Construction Subgroup ~ 7 Active, 0 Pending, 2 Sold)

Lakeshore available in the City of Ham Lake:8 Active Listings

Ham Lake lakeshore price range: $245,000-$945,000

3 Homes on Coon Lake
2 Homes on Lake Amelia
1 Home on Ham Lake
2 Home on Little Coon Lake
**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/08 through 12/31/08.

Featured Listing in Ham Lake Minnesota: 17721 Durant St NE

Articles on Ham Lake, Lakeshore and Minnesota that might be of interest:

• Where's the Playground? A Key to Parks in Ham Lake Minnesota


• Do you Have your Eye on a Real Estate SLEEPER?


• Extremely Affordable Minnesota Lakeshore!


• Buying a Home on Minnesota Wetland--Affordable Beauty and Privacy!


• Dreaming of Life on Minnesota Acreage? Must have INFO Before YOUR Move!

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!

Copyright 2009 terieckholm.com

November Video Update on the Twin Cities Real Estate Market

November's video Twin Cities real estate market update was just posted this past week on YouTube from the Minneapolis Association of Realtors. It gives a very good snapshot of condition of the Twin Cities real estate market and explanation of where it is today. It is cautiously optimistic about the housing market conditions this fall. Take a look...




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. 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!

Copyright 2008 terieckholm.com

Blaine, MN Real Estate Market Statistics 3rd Quarter 2008

Blaine is expanding by leaps and bounds in the north metro of the Twin Cities. The residential real estate construction boom in Blaine during the past decade has slowed but not stopped making new and existing home purchase opportunities very affordable. Conveniently located along 35W and Highway 65 and connected by Highway 10 just north of the Twin Cities, Blaine is an attractive location for both business and residential development. The community is served by three school districts; Anoka Hennepin District #11, Centennial District #12, and Spring Lake Park District #16. Blaine is best known for the National Sports Center a sport and meeting facility that hosts an annual worldwide soccer event and Tournament Players Club golf course where the PGA Senior tour is played every summer.

Real estate in Blaine, MN in Anoka County is affordable and selling—though admittedly at a slower pace than most sellers would like. The third quarter numbers show area homes are staying on the market an average of 162 days. Single family homes are selling faster than townhomes/condos with an average of 154 CDOM (Cumulative Days on Market) verses 183 CDOM. And newly constructed homes are out pacing existing homes with 107 CDOM to 164 CDOM. The overall CDOM statistic for Blaine compares with other areas of the north metro like Lino Lakes with a 151 CDOM, Forest Lake with a 167 DOM and Ham Lake with 210 CDOM. (Links to statistical reports for these communities are listed below.)

Last year, homes in Blaine were selling a bit faster than other areas of Anoka County but the slowdown in existing sales seems to have overtaken this community as well. New Construction is a bright spot with homes selling at a brisk 107 CDOM and in less than 6 weeks in some price points.

Buyers looking at single family homes under $300,000 in Blaine have an inventory over 200 homes to choose from currently on the market. At a rate of 30 per month sold, the inventory is manageable. Looking at current inventory levels and the rate of sales for single family residential homes priced under $300,000, there is about 7 months of inventory as it stands today. This is up a bit from last year at this time when there was about 5-6 months of inventory at the same time period.

Higher price homes are selling faster than last year. Still, they have to compete with new construction for the buyers. Note that one third of the homes sold over $300,000 sold in the 3rd quarter are new construction. If you have a higher priced existing home on the market, be aware of the builder incentives being offered as they do affect your ability to sell.

The townhome and condominium market has exploded in Blaine and builders have pulled out all the stops bringing pricing down. There is considerably less new construction townhome inventory on the market with only about 8 months of inventory compared with nearly 3 years of inventory at this time last year. Existing townhome sellers still must make their prices very attractive even though some of the builders’ inventory is down. There are still a significant number of builders with new townhomes available in the same area and they are making deals as evidenced by their very low 40 CDOM compared with 183 CDOM for existing townhomes and condos.

3rd Quarter Blaine residential real estate statistics for single family homes:

Under $300,000~ 222 Active Listings, 36 Pending Listings, 95 Sold Listings, 152 CDOM (New Construction Subgroup 17 Active, 2 Pending, 6 Sold, 167 CDOM )

$300,000-$400,000 ~ 51 Active Listings, 8 Pending Listings, 28 Sold Listings, 143 CDOM (New Construction Subgroup 15 Active, 5 Pending, 10 Sold, 49 CDOM)

$400,000-$500,000 ~ 26 Active Listings, 3 Pending Listings, 9 Sold Listings, 135 CDOM (New Construction Subgroup 8 Active, 3 Pending, 3 Sold, 44 CDOM)

$500,000-$1,000,000~ 47 Active Listings, 4 Pending Listings, 4 Sold Listings, 285 CDOM (New Construction Subgroup 12 Active, 2 Pending, 2 Sold, 77 CDOM)

$1,000,000 and Up ~ 1 Active Listings, 0 Pending Listings, 0 Sold Listings (New Construction Subgroup 0 Active, 0 Pending, 0 Sold)

3rd Quarter Blaine residential real estate statistics for townhomes and condos:

Under $300,000~ 143 Active Listings, 26 Pending Listings, 64 Sold Listings, 183 CDOM (New Construction Subgroup 36 Active, 5 Pending, 18 Sold, 40 CDOM)

$300,000-$400,000 ~ 33 Active Listings, 1 Pending Listings, 0 Sold Listings (New Construction Subgroup 10 Active, 1 Pending, 0 Sold )

$400,000-$500,000 ~ 11 Active Listings, 0 Pending Listings, 0 Sold Listings (New Construction Subgroup 6 Active, 0 Pending, 0 Sold)

$500,000-$1,000,000~ 11 Active Listings, 0 Pending Listings, 0 Sold Listings (New Construction Subgroup 1 Active, 0 Pending, 0 Sold)

For additional information on any current Blaine real estate listing or for additional information on buying a home in Blaine contact Teri Eckholm directly at 651-336-7073.

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 7/1/08 through 9/30/08.

Articles on Lakeshore and Minnesota that might be of interest:

• Does "Minnesota Nice" Affect the Real Estate Market? "Yah, You Betcha!"


• Dreaming of Life on MN Acreage?--What YOU Need to Know Before YOUR Move!


• Lakeshore Market Statistics for Forest Lake, MN—Clear Lake & Forest Lake Sales


• Lino Lakes, MN Real Estate Market Statistics 3rd Quarter 2008


• Circle Pines & Lexington, MN Real Estate Market Statistics 3rd Quarter 2008


• Forest Lake, MN Real Estate Market Statistics Third Quarter 2008


• Ham Lake, MN Real Estate Market Statistics 3rd Quarter 2008

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. 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 2008 terieckholm.com

Lakeshore Market Statistics for Forest Lake, MN—Clear Lake & Forest Lake Sales

A few weeks back I received a phone call from a lovely lady thanking me for my informative post on the lakeshore market in the Twin Cities north metro. She lives in Forest Lake on Clear Lake and was considering selling next summer After reading my article, Think Now is a GREAT Time to Make a DEAL on a MN Lakeshore Home? I Do!, she was concerned about the changing market and wanted more specifics on how homes on Clear Lake were fairing today. She didn’t want a market analysis of her home, just some statistics on what was really selling on Clear Lake. I told her that was a very good question and the sales values would be very different than what was happening on other area lakes. I said that I would look into the situation further and get back to her. I also told her that her query could become my next post. She thought that was a terrific idea so here it is.

First of all, many people may not realize that the City of Forest Lake, Miinnesota has several lakes and the lake, Forest Lake itself is really 3 lakes, First, Second and Third. All three are full recreational lakes and are connected by channels but the lakeshore on the different has different levels of desirability and hence drastically differing values. First Lake is the largest and most coveted shoreline. Similarly, Clear Lake is nearby Forest Lake. It is a full recreational lake but it is not connected to Forest Lake. Many people driving past the City of Forest Lake as they head up on 35 toward Duluth will mistake Clear Lake for Forest Lake as it is the only lake visible from the freeway. It is just to the east of 35 and there is a small fishing pier and boat landing visible from the road.

So how has Clear Lake real estate faired during the market slow down? My research showed very little activity in the past year. In fact, only one home has sold so far in 2008 and three homes were sold in 2007. The home sold in 2008 had been recently remodeled and sold within days of listing for an amount significantly higher than its stated tax value. This is very unusual and on the surface sounds like great news for Clear Lake homeowners but it is only one house and so the information taken alone is misleading.

Taking the three homes sold in 2007 into account, the picture is clearer but not as rosy. Averaging all four homes, the days on the market (DOM) expands to 135 for the SOLD homes on Clear Lake. Since each of the homes is drastically different in age, style, shoreline, acreage and condition, I did not want to average the value. Rather I compared the homes sales prices to the current listed tax values from the Washington County Assessor.

Here is what I found:

• A home on 217th sold for $463K and has a current tax value of $332K. It sold for significantly more than its tax value.
• A home on Everton sold for $295K and has a current tax value of $277K. It sold for slightly more than its tax value.
• A home on 210th sold for $320K and has a current tax value of $441K. This is significantly lower than the county has listed (and more in the norm for what is happening in the marketplace).
• A home on Fondant sold for $682K and has a tax value of $530K. Again very high compared to the tax record.

Then I averaged the sales prices to come up with an average; it appears that the homes on Clear Lake are selling at 1.15% of tax value based on the 2007 and 2008 sales data.

There are also four homes currently listed on the lake that and the cumulative DOM is considerably higher. The average DOM is over 440 days for these four lakeshore homes. Also two of the homes are listed at prices significantly higher than tax value:

• 21XXX Everton $270K List, $278K Tax
• 21XXX Floral Bay $406K List, $441 Tax
• 57XX 220th $680K List, $375K Tax
• 51XX 217th $949K List, $703K Tax

The first two homes were originally listed at $340K and $475K respectively. I think it is possible that the prices on these homes were brought down to under tax value so that they would have a better opportunity to sell. This seems to be inline with what is currently happening in most segments of the real estate market today.

Since there were so few sales on Clear Lake, I also compared tax values to sale prices for lakeshore homes on Forest Lake during the past 12 months. On Forest Lake (Lakes First Second and Third combined), 17 previously owned homes sold with lakeshore. The tax record to sales price ratio was 1.01% just slightly over tax value.
To get a true picture of what a lakeshore home value would be in the market place today, it would be most prudent to have a property specific market analysis done. But, if you just want a ball park value, take a close look at your Washington County tax statement. Unless your home has significant recent improvements or is significantly distressed, its current value in today’s market is very close to the assessed value.

More Articles on Forest Lake and Lakeshore that might be of interest:

• Forest Lake, MN Real Estate Market Statistics Third Quarter 2008
• Extremely Affordable Minnesota Lakeshore!
• Dreaming of Life on MN Acreage?--What YOU Need to Know Before YOUR Move!
• Relocating to Forest Lake MN? The Schools are Full of Ranger Pride!

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. 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 2008 terieckholm.com

Forest Lake, MN Real Estate Market Statistics Third Quarter 2008

Forest Lake, Minnesota in the northeast metro Twin Cities area holds a special place in the hearts of many Minnesotans. Many residents of Minneapolis, St. Paul or one of the first ring suburbs will remember Forest Lake fondly from decades ago as a summer vacation spot or place to go for a drive in the country. Today, the lakeside cabins have been replaced with year round homes and the rural nature is all but a thing of the past in this thriving St. Paul suburb. Though housing growth has slowed down drastically in the past year or two in many northern suburbs due to ever increasing gas prices, Forest Lake is holding its own.

Real estate in Forest Lake, MN in north Washington County and east Anoka County continues to sell but slowly. The Days on Market (DOM) Statistic is currently running at about 167 days for all homes sold. When the six month numbers showed area homes had stayed on the market an average of 211days, this is welcome news.If we look at sold homes in the under $300,000 category the absorption rate is at a 7 month level which is down from 11 months at mid-year and significantly lower than the first quarter 24 month high. Summer weather for selling lakeshore may have contributed to this lower statistic. But high end homes continue to struggle for sales. Only eight homes sold in the 3 summer months in the $400,000 plus price category. Currently, the Forest Lake community sits with over 4 years of inventory when factoring in the sales of the first three quarters sales on high priced homes. Great homes at amazing prices are out there on lakeshore and acreage properties. With this much inventory, sellers will be forced to consider offers and be flexible when negotiating if they NEED to sell their home. However, it is an ideal time for and astute buyer to negotiate a GREAT deal on a lakeshore home!

Lakeshore opportunities are abundant in the Forest Lake area! There are more listings than ever before at incredible prices too! The inventory levels are awesome…49 lakeshore homes currently active. Many have been on the market for a quite a while. With continued low interest rates, it is a great time to negotiate a deal on your piece of Minnesota shoreline!

Mid Year 2008 Forest Lake real estate statistics for single family homes:

Under $300,000~ 86 Active Listings, 6 Pending Listings, 38 Sold Listings, 164 DOM (Lakeshore Subgroup ~ 5 Active, 0 Pending, 0 Sold)

$300,000-$400,000 ~ 32 Active Listings, 2 Pending Listings, 8 Sold Listings, 175 DOM (Lakeshore Subgroup ~ 6 Active, 0 Pending, 0 Sold)

$400,000-$500,000 ~ 17 Active Listings, 0 Pending Listings, 4 Sold Listing, 138 DOM (Lakeshore Subgroup ~ 8 Active, 0 Pending, 3 Sold)

$500,000 and Up~ 35 Active Listings, 2 Pending Listings, 4 Sold Listings 231 DOM (Lakeshore Subgroup ~ 30 Active, 1 Pending, 4 Sold)

Lakeshore available in the Forest Lake area:

49 Active Listings, 1 Pending Listings, 7 Sold Listings

Forest Lake lakeshore price range: $210,900-$2,100,000

43 Homes on Forest Lake

3 Homes on Clear Lake

1 Home on Shields Lake

1 Home on Heims Lake
1 Home on Comfort Lake

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 7/1/08 through 9/30/08.

Articles on Forest Lake, Lakeshore and Minnesota that might be of interest:

• Does "Minnesota Nice" Affect the Real Estate Market? "Yah, You Betcha!"
• Dreaming of Life on MN Acreage?--What YOU Need to Know Before YOUR Move!
• Extremely Affordable Minnesota Lakeshore!
• Relocating to Forest Lake MN? The Schools are Full of Ranger Pride!
• Forest Lake, MN Real Estate Market Statistics Mid Year 2008
• Wyoming, MN Real Estate Market Statistics 3rd Quarter 2008

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. 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 2008 terieckholm.com

Wyoming, MN Real Estate Market Statistics 3rd Quarter 2008

The City of Wyoming, Minnesota on the northeastern edge of the Twin Cities metropolitan area is a hidden gem! According to the city's website the town was named after the first settlers who in 1855 relocated from the Wyoming Valley in Pennsylvania. Wyoming boasts its own police and fire departments, city utilities, library, hospital, elementary school and several community parks. Neighborhood shopping is great with a cute coffee shop, drug store and grocery store in the heart of the town.

Activities are abundant in Wyoming. Not only is the center of the community located smack dab on the walking/biking/snowmobile trail that runs along Hwy 61, there is the new Stars and Strikes bowling, laser tag, restaurant and meeting facility too. Several great fishing lakes are nearby including, Forest Lake, Coon Lake and Comfort Lake. Hunting is a favorite activity of many Wyoming residents as areas of Carlos Avery State Wildlife Management area are within its border. Wyoming Elementary is an integral part of the Forest Lake District 831 school district which provides community sports and activities for individuals of all ages.

Commuting into St. Paul or Minneapolis is a breeze from Wyoming as most residences are a within 3-5 minute drive to I35. The city is just 3 miles north of Forest Lake which is home to the NEW Park and Ride lot for an express commute to downtown Minneapolis.

A good fall pumpkin crop isn't the only big surprise for Wyoming, MN. Real estate in southern Chisago County is finally selling at a pace similar to other areas in the metro. The cumulative Days on Market (DOM) Statistic for single family homes in Wyoming was 163 days or just over 5 months in the third quarter. This time frame is down significantly from the 7 months/214 DOM statistic in the first half of 2008.

Inventory levels are significantly lower in all price points which is a good indicator of a positive trend. Though the highest number of homes available is in price points under $300,000, this category is selling faster translating to about 10 months of inventory. But homes at higher price points still struggle for sales. A DOM of 74 days sounds great in the $400,000-$500,000 category but with only one sale, it is an anomaly. With inventory levels down and sales up, Wyoming is in a better position than it was earlier this year. Current numbers show about 11 months of inventory for Wyoming homes over $300,000, as compared with 4 years of inventory based on sales in the first half of the year.

The amazing deals on the homes in the Wyoming area reflect the changed market. The prices on many existing homes for sale in the Wyoming community have been priced aggressively to entice buyers to drive just a little further north.

Mid Year 2008 Wyoming residential real estate statistics for single family homes:

Under $300,000 ~ 38 Active Listings, 8 Pending Listings, 12 Sold Listings, 136 DOM

$300,000-$400,000 ~ 17 Active Listings, 1 Pending Listings, 5 Sold Listings, 302 DOM

$400,000-$500,000 ~ 1 Active Listings, 0 Pending Listings, 1 Sold Listing, 74 DOM

$500,000 and Up ~ 4 Active Listings, 0 Pending Listings, 0 Sold Listings, N/A DOM

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 7 /1/08 through 9/30/08.

Photo Featured Home in Wyoming MN:


25797 Freeport Avenue, Wyoming, MN 55092



Articles on Wyoming, Lakeshore and Minnesota that might be of interest:

• Wyoming, MN Real Estate Market Statistics Mid Year 2008
• Lendt’s Pumpkin Patch—A Fall Tradition in Wyoming, MN
• Does "Minnesota Nice" Affect the Real Estate Market? "Yah, You Betcha!"
• Dreaming of Life on MN Acreage?--What YOU Need to Know Before YOUR Move!
• Relocating to Forest Lake MN? The Schools are Full of Ranger Pride!

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. 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 2008 terieckholm.com

Circle Pines & Lexington, MN Real Estate Market Statistics 3rd Quarter 2008

Circle Pines is a small city, approximately 2 square miles, in Anoka County. The neighboring community, Lexington is even smaller encompassing less than one square mile of land. Both little communities are often overlooked since they are sandwiched between Blaine, Lino Lakes just to the north of Shoreview.

Circle Pines might be small but is thriving and has a unique history. According to Circle Pines and Lexington History, it was one of the first cooperative communities started in 1946 in an area between the townships of Blaine and Centerville in Southern Anoka County. According to the Circle Pines website, the symbol of the cooperative was a pine tree with a circle around it; thus the name Circle Pines. Though the unique development idea only lasted 3 years due to financial and leadership problems, the name remained. One benefit of its cooperative past is that Circle Pines is the only suburban city that operates its own natural-gas distribution company which serves part of Lino Lakes. The community is a part of the Centennial School District is home to Golden Lake and acres of wetlands.

Real estate in the communities of Circle Pines and Lexington is affordable and selling. Single family homes are affordable and tend to sell briskly compared with other communities in Anoka County. Single family homes are staying on the market an average of 115 CDOM (Cumulative Days on the Market.) Like neighboring areas, higher priced homes sales are stagnant or non-existent in the Circle Pines/Lexington community. The overall DOM is not affected too drastically as there are very few high price point homes in this area. Townhomes/condos are selling a bit more slowly with a 163 CDOM. Prices reductions on townhomes are drastic in this area due to the abundance of new construction in the neighboring community of Blaine. Amazing deals can be had for the astute first time condo home buyer.

2008 Mid Year Sales Statistics for Circle Pines/Lexington residential real estate statistics for single family homes:

Under $200,000~ 17 Active Listings, 2 Pending Listings, 12 Sold Listings, CDOM 124

$200,000-$300,000 ~ 9 Active Listings, 0 Pending Listings, 4 Sold Listings, CDOM 86

$300,000-$400,000 ~ 0 Active Listings, 0 Pending Listings, 0 Sold Listings, CDOM 265

$400,000-$500,000~ 2 Active Listings, 0 Pending Listings, 0 Sold Listings

$500,000 and Up ~ 4 Active Listings, 0 Pending Listings, 0 Sold Listings


2008 Mid Year Sales Statistics for Circle Pines/Lexington residential real estate statistics for townhomes and condos:

Under $200,000~ 23 Active Listings, 1 Pending Listings, 8 Sold Listings, CDOM 163

$200,000-$300,000 ~ 5 Active Listings, 0 Pending Listings, 0 Sold Listings

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 7/1/08 through 9/30/08.


Photo Featured Circle Pines Listing:
401 Village Parkway, Circle Pines, MN 55014


Other Listings in the Northern Metro:

• 15139 E Vermillion Circle NE, Ham Lake, MN 55304
• 25797 Freeport Ave, Wyoming, MN 55092

Articles on Lakeshore and Minnesota that might be of interest:

• Anoka County Foreclosures Rate Highest in Metro-How Does this Affect Homeowners?
• Dreaming of Life on MN Acreage?--What YOU Need to Know Before YOUR Move!
• EXTREMELY Affordable Minnesota Lakeshore!

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. 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 2008 terieckholm.com

Lino Lakes, MN Real Estate Market Statistics 1st Quarter 2008

Real estate in Lino Lakes, MN in Anoka County is still selling. Active homes in the lower price ranges seem to be up a bit but also continue to sell more quickly than homes in the higher priced categories. Lino Lakes existing homes continue to compete with available new construction in Hugo and Blaine. But as it is in southern Anoka County, it’s sales figures do not tend to be as stagnant as northern Anoka County communities like Ham Lake and Linwood.

High end home sales continue to struggle for sales. No homes were sold in the last 3 months, for sellers in above the $500,000 price and just a handful of sales in the $400,000-$500,000 category. The DOM seems skewed by the quick sale of two listings compared to a 215 DOM last quarter. No doubt these homes were priced to sell from the time they were listed.

Acreage opportunities are abundant in the Lino Lakes area! From one acre parcels to 15 acre hobby farms, Anoka County as quite a selection of homes in the Lino Lakes area. Many have been on the market for a quite a while. With continued low interest rates, it is a great time to negotiate a deal on your piece of Minnesota acreage!

1st Quarter Lino Lakes residential real estate statistics for single family homes:

Under $300,000~ 54 Active Listings, 4 Pending Listings, 15 Sold Listings, 156 DOM

$300,000-$400,000 ~ 31 Active Listings, 2 Pending Listings, 4 Sold Listings, 215 DOM

$400,000-$500,000 ~ 13 Active Listings, 1 Pending Listings, 1Sold Listing, 68 DOM

$500,000 and Up~ 16 Active Listings, 0 Pending Listings, 0 Sold Listings N/A DOM

Lakeshore available in the City of Lino Lakes

1 Active Listings Lino Lakes lakeshore price range: $450,000

1 Home on Otter Lake

Acreage properties available in Lino Lakes

9 properties listed on 1-2 Acres priced between $189,900-$859,900.

2 properties listed on 2-3 Acres priced between $254,000-$269,900

1 property listed on 3-5 Acres priced at $269,900

2 properties listed on 5-10 Acres priced at $319,900-$379,900

1 property listed on 10-15 Acres priced at $408,900
1 property listed on 80 Acres priced at $6,000,000

**All Sold and Pending Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1 /1/08 through 3/31/08.

If you are buying, selling or relocating to Lino Lakes, Minnesota and need help from a professional Realtor, give me a call or visit my website for a FREE Relocation 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.

Copyright 2008 terieckholm.com

Ham Lake, MN Real Estate Market Statistics 1st Quarter 2008

Even though existing single family home sales in Ham Lake, Minnesota remained sluggish during the first quarter of 2008, there were some indications of better days ahead. The Days on Market (DOM) statistic was reduced slightly from 220 to 214. Conversely, homes in the higher price categories have been worse than stagnant. There is a complete lack of any sales at all! Only 2 in pending and one sold in the over $400,000 price category all quarter. With over 60 listings currently on the market, Ham Lake is over saturated with high end homes.

Under $400,000 there is some good activity. Currently there is about 10 months of inventory in this price category which is similar to other communities in the north and east suburbs of the Twin Cities. And if you look just at the homes under $300,000 the inventory level is even more promising with approximately 8 months of inventory on the market.

This presents a great opportunity for the move up buyer. If you have a starter home in good condition and well priced, it should sell in a decent time frame. These buyers then have quite a selection of homes to chose from in the higher price categories. After 300+ days on the market, many sellers are waiting to negotiate with a strong, non-contingent buyer!

Additional 1st Quarter Ham Lake residential real estate statistics for single family homes:

Under $300,000~ 35 Active Listings, 2 Pending Listings, 13 Sold Listings, DOM 195 (All existing homes)

$300,000-400,000 ~ 27 Active Listings, 5 Pending Listings, 5 Sold Listings, DOM 301 (New Construction Subgroup ~ 3 Active, 0 Pending, 0 Sold)

$400,000-$500,000 ~ 27 Active Listings, 0 Pending Listings, 1 Sold Listings, DOM 163 (New Construction Subgroup ~ 4 Active, 2 Pending, 0 Sold)

$500,000 and Up~ 36 Active Listings, 0 Pending Listings, 0 Sold Listings, DOM n/a (New Construction Subgroup ~ 7 Active, 0 Pending, 0 Sold)

Lakeshore available in the City of Ham Lake
5 Active Listings

Ham Lake lakeshore price range: $699,900-$1,450,000

2 Homes on Coon Lake
3 Homes on Lake Amelia

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/08 through 3/31/08.

Featured Listing in Ham Lake Minnesota: 15139 E Vermillion Circle NE

Articles on Ham Lake, Lakeshore and Minnesota that might be of interest:

Where's the Playground? A Key to Parks in Ham Lake Minnesota
What Makes a House a Home-Ham Lake, MN
Does "Minnesota Nice" Affect the Real Estate Market? "Yah, You Betcha!"
Dreaming of Life on MN Acreage?--What YOU Need to Know Before YOUR Move!
Affordable Minnesota Lakeshore

If you are buying, selling or relocating to Ham Lake, Minnesota and need help from a professional Realtor, give me a call or visit my website for a FREE Relocation 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.

Copyright 2008 Teri Eckholm http://www.terieckholm.com/

Year End Real Estate Market Statistics for Lindstrom, Minnesota

Lindstrom is known throughout Minnesota as America’s little Sweden. Lindstrom was first settled by Daniel Lindstrom who left Sweden for America in 1853. A statue of Karl and Kristina Oskar, the fictitious characters that symbolize Swedish peasants who migrated to America over one hundred years ago, is a focal point for visitors to the Lindstrom community. Lindstrom is one of four cities that comprise the Chisago Lakes Area. The area is named after an Indian phrase, "Ki Chi Saga," which means "fair & lovely waters." Swedish immigrants referred to it as, "The Big Lake," as many of today's area lakes comprised one large lake.

Currently real estate in Lindstrom, MN in Chisago County is selling slowly. Being a bit east of the main metro area, it is often overlooked by home buyers as too far out. With the recent Highway 8 improvements and the brand new Park and Ride in Forest Lake, Lindstrom is worth a second look. As homes linger on the market in this area, sellers are negotiating and relisted properties are coming in at lower asking prices. There are great prices on new construction, nearly new homes and lakeshore properties throughout the community of Lindstrom.

In other Twin Cities counties, inventory levels are sitting at about 4-6 months but Lindstrom levels are a bit higher. Homes under $200,000 are in the best position to sell in Lindstrom as there is currently only 8 months of inventory on the market based on last years sales. Inventory levels are a bit higher than demand in the $200,000-$300,000 price range with just over a years worth of inventory. In the over $300,000 price range, it will take over three years to sell all of the currently listed homes if sales continue at this slower pace.
Lakeshore opportunities are abundant in Lindstrom! The combination of an amazing inventory of 22 lakeshore homes on 8 different lakes, long market times, and low interest rates, creates the perfect situation as sellers should be ready to negotiate an acceptable deal for the sale of your piece of shoreline!

2007 Year End Lindstrom residential real estate statistics for single family homes:

Under $200,000~ 21 Active Listings, 4 Pending Listings, 31 Sold Listings, 140 DOM (Lakeshore Subgroup ~ 1 Active, 0 Pending, 0 Sold)

$200,000-$300,000 ~ 32 Active Listings, 2 Pending Listings, 28 Sold Listings, 182 DOM (Lakeshore Subgroup ~ 4 Active, 0 Pending, 4 Sold)

$300,000-$400,000 ~ 21 Active Listings, 1 Pending Listings, 7 Sold Listing, 162 DOM (Lakeshore Subgroup ~ 6 Active, 0 Pending, 3 Sold)

$400,000 and Up~ 13 Active Listings, 0 Pending Listings, 4 Sold Listings 279 DOM (Lakeshore Subgroup ~ 11 Active, 0 Pending, 3 Sold)

Lakeshore available in the Lindstrom, MN
22 Active Listings

Lindstrom lakeshore price range: $169,900-$747,777

4 Homes on Kroon Lake
1 Home on NEDS Environmental Lakeshore
3 Homes on North Center Lake
4 Homes on North Lindstrom Lake
7 Homes on South Center Lake
1 Home on South Lindstrom Lake
1 Home on Spider Lake
1 Home on Vibo Lake

**All SOLD Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/07 through 12/31/07. Current pending and active listings statistics as of 3/4/08.

FEATURED LINDSTROM LISTING:
29541 Shoreview Circle, Lindstrom, MN 55045

Articles on Lakeshore and Minnesota that might be of interest:

• Does "Minnesota Nice" Affect the Real Estate Market? "Yah, You Betcha!"


• Dreaming of Life on MN Acreage?--What YOU Need to Know Before YOUR Move!


• Affordable Minnesota Lakeshore

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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. 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 2008 Teri Eckholm http://www.terieckholm.com/