Real Estate Market Update for Andover MN Offered by John Squier Real Estate Agent and REALTOR

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    Real Estate Market Update for Andover MN Offered by John Squier Real Estate Agent and REALTOR - Presentation Transcript

    1. A free research tool from the North Metro REALTORS® Association Brought to you by the unique data-sharing traditions of the REALTOR® community Andover December Entire Year Anoka County, MN 2007 2008 Change 2007 2008 Change New Listings 40 50 + 25.0% 922 896 - 2.8% Closed Sales 17 22 + 29.4% 289 337 + 16.6% Average Sales Price $269,906 $214,540 - 20.5% $290,679 $240,981 - 17.1% Percent of Original List Price Received at Sale* 88.9% 89.7% + 1.0% 95.1% 92.0% - 3.3% Average Days on Market Until Sale** 182 190 + 4.5% 131 161 + 22.2% Single-Family Detached Inventory 247 187 - 24.3% -- -- -- Townhouse-Condo Inventory 36 42 + 16.7% -- -- -- *Does not account for list prices from any previous listing contracts **City market time figures are based on Cumulative Days on Market, which does account for previous listing contracts Activity—Year to Date Activity—Most Recent Month 922 New Listings New Listings 896 50 Closed Sales Closed Sales 40 22 337 289 17 2007 2008 2007 2008 Average Sales Price Percent of Original List Price Received 95.1% 92.0% $290,679 89.7% 88.9% 2007 2007 $269,906 $240,981 2008 2008 $214,540 - 3.3% - 20.5% - 17.1% + 1.0% December Entire Year December Entire Year Average Days on Market Until Sale Inventory of Homes for Sale 190 182 2007 247 161 2007 2008 2008 131 187 42 36 + 16.7% + 22.2% - 24.3% + 4.5% December Entire Year Single-Family Detached Townhouse-Condo Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to the small sample size involved. For broader historical market information, please feel free to contact us. © 2008 Minneapolis Area Association of REALTORS®. The North Metro REALTORS® Association uses it under lisence.
    2. www.JohnSquier.Listingbook.com “ You now have the power to access the same database as the official Multiple Listing Service (MLS) used by licensed REALTORS . This Website provides you up-to- the-second information and puts you in total control of your home searching experience.” - John Squier

    + John SquierJohn Squier, 10 months ago

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