This is really a hot buyer's market. The number of homes sold (closed sales) in Anoka County for September of 2007 totaled 267. That's down from 403 in September of 2006; a decrease of 33.75%. The average sale price was $232,979 which is down from $249,277 in September of 2006; a decrease of 6.54%. The median sale price was $205,000 in September 2007 which is down from $224,000; a decrease of 8.48%.
With favorable interest rates hovering in the low 6% range, this is a great time for first time home buyers and homeowners who are looking to move to a larger or luxary home.
Currently, there are 414 single family homes listed for sale on the MLS in Blaine alone!
Number of Single Family Homes Listed on the MLS as of Today by City:
Andover = 280
Anoka = 107
Bethel = 14
Blaine = 414
Burns Twp = 38
Centerville = 40
Circle Pines = 30
Columbia Heights = 176
Columbus Twp = 24
Coon Rapids = 318
East Bethel = 138
Fridley = 154
Ham Lake = 146
Hilltop = 0
Lexington = 8
Lino Lakes = 121
Linwood Twp = 61
Oak Grove = 106
Ramsey = 204
Saint Francis = 92
Spring Lake Park = 40
That's a total of 2511 single family homes listed for sale in Anoka County alone! When you divide that by the number of homes sold in Sept of 2007, at this rate, there is more than a 9 month supply of homes on the market. In other words, if no more single family homes were listed for sale in Anoka County it would take more than 9 months to sell all of the existing listings at the current rate!
This means plenty of choices and a strong barganing position for qualified buyers.
Based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC for the period of September 1, 2006 through October 16, 2007.
© Copyright Patti Ann Kasper 2007

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Patti Ann Kasper, Your Minnesota, North Metro Minneapolis / Saint Paul Twin Cities, and Blaine MN Real Estate Expert! Associates of Science Degree in Geographic Information Systems and Cartography from Anoka Ramsey Community College in Coon Rapids, Minnesota.
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