The stability of real estate in White Bear Township in 2008 unfortunately did not continue into 2009.There were many more sales in White Bear Township, Minnesota in 2008 versus 2009 with closed sales up 40%. This northern Ramsey County township escaped much of the affects of 2008 but could not escape it into 2009. DOM went up a whopping 49% while the average home price dropped over 15%. From 2007 to 2008, prices were only down 3% so this 15% drop was a significant in prices for the area. The average sales price for a home in White Bear Township is now just under $225,000.
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Looks like plenty of room for improvement this year and with the first time buyer tax credit still around the first quarter should be great.