- In Blaine, Minnesota in December 2011 compared to December 2010, new listings decreased 26.5%, closed sales increased 27.4%, and the median sales price increased 4.6%.
- For the full year 2011 compared to 2010, new listings decreased 13.6%, closed sales increased 17%, and the median sales price decreased 9.1% in Blaine.
- Inventory of homes for sale in Blaine was down 38.9% in December 2011 compared to December 2010.
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Blaine dec2011
1. Local Market Update – December 2011
A 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 b
Change 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
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