Compare local to general info blaine mn 08feb12

374 views
297 views

Published on

Comparision of general data vs local data. Blaine MN citywide data compared to Red Oak Neighborhood local data.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
374
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Compare local to general info blaine mn 08feb12

  1. 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
  2. 2. LOCAL INFORMATION IS ESSENTIALI’ve selected our neighborhood to show just how important local information can be. The housing statistics on theprevious page are for the entire city of Blaine and are not necessarily accurate or detailed enough to make a good localdecision. Below is a customized breakout specific to our neighborhood. As you can see, these figures are quite differentand more detailed. The median price for the City of Blaine was up 4.6% at $159,950. However the Red OakNeighborhood median price was down across all categories with Traditional Sales at $150,000, Foreclosure Sales at$104,900, and Short Sales at $117,750. When making a decision, you need the most recent detailed local informationyou can get your hands on. The “choppiness” of this graph for foreclosures and short sales prior to 2009 is due to the low number of sales in those two categories as you can see from the chart below that shows the number of homes for sale during the same timeframe. Red Oak Neighborhood Neighborhood Boundaries: st 101 on the south th 109 on the north University Ave on the west Jefferson St on the east

×