North Minneapolis St Paul Twin Cities Metro Area Real Estate

Good Morning!

Here's our Chicago Market Stats Update, based on data compiled Sunday evening, July 26, 2009.

Recent fluctuations in key market indicators - Available Inventory, Average Market Time and Sales Price, and Total Weekly Sales Volume - tell me we have yet to set a pattern for renewal in the North and Northwest Side of Chicago Neighborhoods we frequently serve.

Although inventory appears to have stabilized over the last few weeks, Pending Sales have, over the last few weeks, trended pretty flat, while Average Sales Price has gone down (predictably, with the high number of Short Sales and Bank-Owned Foreclosures on the market today). 

Total Sales Volume appears to see-saw each week, while Average Market Time has jumped considerably - to nearly six months - since the last time we took a reading seven days ago.

There is a bit of good news, however.  The Absorption Rate - the theoretical time to clear existing homes-for-sale inventory, has improved steadily over the last few months, and now sits at just over 13 months in our marketing area.  Not a victory, by any means - but far better than the 18-month-plus figures we were seeing earlier in 2009!

Here are archived annual Chicago Neighborhood Statistics, including Units Sold and Price Trends Data, for 1995 through 2008 courtesy of The Chicago Association of Realtors.

In addition, here is an Interactive Median Price Heat Map, from the Chicago Tribune Real Estate Section, covering Every Chicago Neighborhood.  View the map for links to maps for Chicago Suburbs.  It is updated as new data becomes available.

Communities and clients we serve, reside, or plan to reside, in the Chicago Neighborhoods of The Chicago Loop, The Gold Coast, River North, Lincoln Park, Lakeview, Uptown, Edgewater, North Center, Lincoln Square, Albany Park, Ravenswood, Wicker Park, and Bucktown.  

Also, these Great Chicago Neighborhoods: Logan Square, Rogers Park , West Ridge, Portage Park, Jefferson Park, Norwood Park, Sauganash, Edgebrook,and Edison Park.   Plus All Chicago Suburbs. 

SINGLE FAMILY, CONDOS, AND SMALL MULTI-UNIT PROPERTIES - NORTH SIDE OF CHICAGO, NORTH OF ADDISON STREET, WEST OF ASHLAND AVENUE

                                 ACTV LISTINGS        JUST SOLD         CLOSED        EXPIRED

w/e July 26th                   4,251                   52                    78                29

w/e July 19th                   4,279                   67                    85                29

% CHANGE                      -0.7%                -22.4%               -8.2%          +-0.0%

CLOSED PROPERTIES DATA

                              AVG SALE PRICE     AVG DAYS ON MKT     TOTAL VOLUME   

w/e July 26th             $270,012            177 DAYS                    $21,060,996

w/e July 19th             $287,737            133 DAYS                    $24,457,645

% CHANGE                       -6.2%                 +33.1%                         -13.9%

THEORETICAL TIME TO CLEAR EXISTING INVENTORY (ABSORPTION RATE) -

w/e July 26th - LAST 12 MOS - 16.33    LAST 6 MOS - 16.27    LAST 3 MOS - 13.03

w/e July 19th  - LAST 12 MOS - 16.41   LAST 6 MOS - 16.98    LAST 3 MOS - 13.48

PERCENT OF HOMES SELLING IN 180 DAYS - 

w/e July 26th - 31.51% (UNSOLD - 68.49%) 

w/e July 19th- 30.39% (UNSOLD - 69.70%)

SOURCE: MIDWEST REAL ESTATE DATA LLC, AREA MARKET SURVEY DATA

Call our Team anytime for current trends in any Chicago Neighborhood or Chicago Suburb!

Review our Chicago IL Real Estate Stats Pack Archive via BlogChicagoHomes.com. 

DEAN & DEAN'S TEAM CHICAGO

Blue Wing Teal Estates, open builder development, horse and hobby farms with out buildings permitted.

Lot 1, Block 1    13.09 acres        $69,900

Lot 2, Block 1    8.85 acres         $69,900

Lot 3, Block 1     8.85 acres         $69,900

Lot 5, Block 1     8.86 acres         $69,900

Lot 6, Block 1     8.86 acres         $69,900

Lot 7, Block 1      8.86 acres        $69,900

Pending...BUT WE HAVE OTHERS!!!!

Bank Owned Foreclosure, Reduced $100,000

8857 Kahl Way, Otsego, MN 55362

5 bedroom, 3 bathroom, 3 car garage, 4,596 finished square feet

 ***  BANK WILL FINISH PAINTING, INSTALL CARPET AND APPLIANCES  ***

or you may purchase "as is"

   

New construction home located on the Riverwood National Golf Course. Kitchen features Brazillian cherry floors and maple cabinetry. Large family room, sun room, recreation and game room, excerisize room and a theatre room. You can't build a home of this quality and size for this price!

Would you like to know what's coming to market before it's listed? My clients receive priority position on bank owned inventory. I will provide you with current information on area sales, sales trends and listing activity with full property reports.  Be the most informed buyer and immediately profit from your real estate investment today. 

Not a first time home buyer, buy any property and still receive a stimulus cash bonus after closing!

Now you can search like a Realtor           http://www.SearchAllListings.info

Time to EXIT conventional real estate     http://www.theEXITstrategy.com

ONLY 22 bank owned properties left in Anoka. If you are serious about buying NOW is the time...take advantage of this market with fire sale pricing and historically low interest rates, as well as programs offering up to $10,000 cash bonus after closing. Buyers receive an $8,000 tax credit to anyone not having owned a home in the last three years.

The following are real properties currently for sale UNDER $100,000

$ 48,900   2 story, 6 bedrooms, 3 bathrooms (pending, but we have others)
$ 69,000   2 story, 4 bedrooms, 2 bathroom (handy man special)

$90,200    1 story, 3 bedrooms, 2 bathrooms (riverview)

 Properties currently for sale UNDER $200,000

 $129,900  4 bedrooms, 2 bathrooms (large corner lot)

$164,900   5 bedrooms, 2 bathrooms (move in condition)

$179,900   3 bedrooms, 2 bathrooms (updated)

Would you like to know what's coming to market before it's listed? My clients receive priority position on bank owned inventory. I will provide you with current information on area sales, sales trends and listing activity with full property reports.  Be the most informed buyer and immediately profit from your real estate investment today. 

Not a first time home buyer, buy any property and still receive a stimulus cash bonus after closing!

Now you can search like a Realtor           http://www.SearchAllListings.info

Time to EXIT conventional real estate     http://www.theEXITstrategy.com

Executive bank owned foreclosure properties in Ramsey. If you are serious about buying NOW is the time...take advantage of this market with fire sale pricing and historically low interest rates, as well as programs offering up to $10,000 cash bonus after closing. Buyers receive an $8,000 tax credit to anyone not having owned a home in the last three years.  Not a first time home buyer, buy any property and still receive a stimulus cash bonus after closing!

$235,900   2 story,  3 bedrooms,  3 bathrooms   2,200  FSF  (new construction)

$279,900   2 story   3 bedrooms,  3 bathrooms   2,496  FSF  (LL unfinished)

$289,000   2 story   5 bedrooms,  3 bathrooms   3,700  FSF  (acreage)

$309,900   1 story   3  bedrooms,  2 bathrooms  2,888  FSF  (river front)

$329,900   1 story   3 bedrooms,  3 bathrooms  3,208  FSF  (golf course lot)

$359,900   1 story   4 bedrooms,  2 bathrooms  3,018 FSF   (river front)

$399,900   2 story   4 bedrooms,  4 bathrooms  4,100 FSF   (high end updates)

 Would you like to know what's coming to market before it's listed? My clients receive priority position on bank owned inventory. I will provide you with current information on area sales, sales trends and listing activity with full property reports. Be the most informed buyer and immediately profit from your real estate investment today.


Now you can search like a Realtor http://www.SearchAllListings.info

Time to EXIT conventional real estate http://www.theEXITstrategy.com

Welcome to 2006 Arkwright Street in Maplewood. This two bedroom, two bathroom, two car garage townhouse features over twelve hundred finished square feet. The home has been updated throughout, is light and bright and offers many custom features with tons of storage. The private and secure rear yard has a concrete patio and retractable awning for your outside enjoyment. This home has been meticulously maintained so there won't be anything left to do but move in and enjoy. Call for your private showing today.  Attention First Time Home Buyers...Act now as the $8,000 tax credit will be expiring soon. Don't miss out on this program, this is a once in a lifetime opportunity.

          View our virtual tour here.  

   

   

Living in Maplewood: The City of Maplewood provides its residence with a sense of community.Located approximately 15 minutes or 9 miles from downtown St. Paul. The city has its own Community Center, Motor Vehicle Department, Police Department and Fire Department. The area is filled with a combination of lush wooded areas, lakes, ponds, over 33 beautiful parks with great trail systems, nice residential areas and well planned commercial and industrial areas. Maplewood is served publically by Roseville ISD 623 along with five private schools.

 

402 Cedar Pl Maple Lake, MN

Click For Listing Website Click For Interactive e-Tour

Here is a great opportunity to own a brand new four bedroom and three bathroom home for 100 thousand dollars. This new construction home includes appliances, private master bathroom, an upper level laundry room, a two car garage and much more. This is not a short sale home that requires a lengthy response time. Call the lister for more information at: Seven Six three, five four eight, one four, three zero.

MLS# 3813235 $100,000 4 Bed, 3 Bath 402 Cedar Pl Maple Lake MN, 55358 Frank DAngelo Broker SRS EXIT REALTY EXECUTIVES 763-548-1444 dangelo@exitrealtyexecutives.com

13461 Jay St NW Andover, MN

Click For Listing Website Click For Interactive e-Tour

Here is an opportunity for a spring or summer move to Echo Woods of Andover. This private location is situate on a wooded corner lot and is nicely finished on both levels. This home boasts over 1,800 finished square feet with a 17 foot spacious foyer, vaulted ceilings, finished deck, family room and additional bedroom on the lower level. The rear yard is completely fenced and beautifully wooded for your enjoyment. No need to wait for price changes on this short sale, simply make your offer at your price and acquire a great home in a great location for a great price. To speak to the short sale specialist on this property, CALL 763-548-1444

MLS# 3639361 $172,000 3 Bed, 2 Bath 13461 Jay St NW Andover MN, 55304 Frank DAngelo Broker SRS EXIT REALTY EXECUTIVES 763-548-1444 dangelo@exitrealtyexecutives.com