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

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    Real Estate Market Update for Blaine 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 Blaine December Entire Year Anoka County, MN 2007 2008 Change 2007 2008 Change New Listings 62 88 + 41.9% 1,942 1,716 - 11.6% Closed Sales 45 52 + 15.6% 692 760 + 9.8% Average Sales Price $302,645 $202,646 - 33.0% $264,605 $225,888 - 14.6% Percent of Original List Price Received at Sale* 91.9% 86.6% - 5.7% 95.6% 92.2% - 3.6% Average Days on Market Until Sale** 90 131 + 44.9% 106 129 + 21.6% Single-Family Detached Inventory 340 295 - 13.2% -- -- -- Townhouse-Condo Inventory 191 135 - 29.3% -- -- -- *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 New Listings New Listings 88 Closed Sales Closed Sales 1,942 1,716 62 52 45 760 692 2007 2008 2007 2008 Average Sales Price Percent of Original List Price Received 95.6% 92.2% 91.9% $302,645 2007 2007 86.6% $264,605 2008 2008 $225,888 $202,646 - 3.6% - 33.0% - 14.6% - 5.7% December Entire Year December Entire Year Average Days on Market Until Sale Inventory of Homes for Sale 131 129 340 2007 2007 106 295 2008 2008 90 191 135 - 29.3% + 21.6% - 13.2% + 44.9% 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
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