Blaine dec2011
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Blaine MN Housing Market Statistics as of December 2011, including 2011 YTD numbers.

Blaine MN Housing Market Statistics as of December 2011, including 2011 YTD numbers.

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Blaine dec2011 Document Transcript

  • 1. Local Market Update – December 2011A RESEARCH TOOL PROVIDED BY THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS® - 26.5% + 27.4% + 4.6% Change in Change in Change in Blaine New Listings Closed Sales Median Sales Price December Year to Date 2010 2011 +/– 2010 2011 +/–New Listings 102 75 - 26.5% 1,651 1,427 - 13.6%Closed Sales 62 79 + 27.4% 818 957 + 17.0%Median Sales Price* $152,950 $159,950 + 4.6% $170,500 $154,950 - 9.1%Average Sales Price* $189,018 $179,058 - 5.3% $199,486 $181,786 - 8.9%Price Per Square Foot* $89 $84 - 4.8% $100 $88 - 11.9%Percent of Original List Price Received* 89.6% 91.1% + 1.6% 93.6% 92.1% - 1.6%Days on Market Until Sale 139 119 - 14.8% 125 132 + 5.7%Inventory of Homes for Sale 435 266 - 38.9% -- -- --Months Supply of Inventory 6.5 3.3 - 49.7% -- -- --* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. 2010 2011 December Year to Date 2010 2011 1,651 102 1,427 75 79 62 957 818 - 26.5% + 27.4% - 13.6% + 17.0% New Listings Closed Sales New Listings Closed Sales Twin Cities Region bChange in Median Sales Price from Prior Year (6-Month Average)** Blaine a+ 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 ** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of January 9 2012 All data from Regional Multiple Listing Service Inc | Powered by 10K Research and Marketing | Sponsored by Royal Credit Union period. 9, 2012. Service, Inc. Marketing. www rcu org www.rcu.org