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

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    Real Estate Market Update for Fridley 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 Fridley December Entire Year Anoka County, MN 2007 2008 Change 2007 2008 Change New Listings 28 28 - 0.0% 689 591 - 14.2% Closed Sales 18 17 - 5.6% 252 275 + 9.1% Average Sales Price $195,550 $146,676 - 25.0% $202,488 $171,130 - 15.5% Percent of Original List Price Received at Sale* 92.7% 91.1% - 1.7% 94.4% 91.7% - 2.9% Average Days on Market Until Sale** 114 157 + 38.1% 119 159 + 33.7% Single-Family Detached Inventory 120 106 - 11.7% -- -- -- Townhouse-Condo Inventory 44 27 - 38.6% -- -- -- *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 28 28 New Listings 689 Closed Sales Closed Sales 591 18 17 275 252 2007 2008 2007 2008 Average Sales Price Percent of Original List Price Received 94.4% 92.7% 91.7% 91.1% $202,488 2007 $195,550 2007 $171,130 2008 2008 $146,676 - 2.9% - 25.0% - 15.5% - 1.7% December Entire Year December Entire Year Average Days on Market Until Sale Inventory of Homes for Sale 159 157 120 2007 2007 106 2008 2008 119 114 44 27 - 38.6% + 33.7% - 11.7% + 38.1% 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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