Real estate marketing statistics can be confusing. Local television news reports can seem to be conflicting and if you are a home owner or home buyer, you may have trouble understanding what you hear. On one channel there will be a news report proclaiming good news with rising average sales prices for several consecutive months in the Twin Cities metro area flip channels and there another talking head giving gloomy report of how foreclosures and short sales are causing a significant decline in the market value of homes in the Minneapolis/St. Paul area.
Since January, I have been posting real estate market statistics for the communities in the north metro where I do the bulk of my business. While I work in Anoka County, Southern Chisago County, North and Eastern Ramsey County and North Washington County, the focus of my business is Ham Lake, Blaine, Lino Lakes and all communities in the Forest Lake and Centennial school districts. That does include a good number of communities so it takes a bit of time to pull all of the information together.
There are two types of reports that I post. The first is a quick snapshot that includes information taken directly from the Minneapolis Area Association of REALTORS® website’s Top 100+ Report (a comprehensive database with statistics for 205 different Twin Cities communities). I pull these stats into a chart and post along with a quick synopsis of what happened during the past year. I have done quite a few of these "short and sweet" looks into the basic real estate housing stats for several north and east metro communities.
Housing Statistic Snapshots
- 2009 Year End Snapshot of Andover, MN Home Sales Statistics
- 2009 Year End Snapshot of Blaine, MN Home Sales Statistics
- 2009 Year End Snapshot of Centerville Market Statistics
- 2009 Year End Snapshot of Chisago City, MN Home Sales Statistics
- 2009 Year End Snapshot of Circle Pines, MN Home Sales Statistics
- 2009 Year End Snapshot of Columbus, MN Home Sales Statistics
- 2009 Year End Snapshot of Coon Rapids Market Statistics
- 2009 Year End Snapshot of East Bethel, MN Home Sales Statistics
- 2009 Year End Snapshot of Forest Lake MN Home Sales Statistics
- 2009 Year End Snapshot of Ham Lake, MN Home Sales Statistics
- 2009 Year End Snapshot of Hugo, MN Home Sales Statistics
- 2009 Year End Snapshot of Lino Lakes, MN Home Sales Statistics
- 2009 Year End Snapshot of Linwood, MN Home Sales Statistics
- 2009 Year End Snapshot of Mahtomedi, MN Home Sales Statistics
- 2009 Year End Snapshot of North St. Paul, MN Home Sales Statistics
- 2009 Year End Snapshot of Oakdale, MN Home Sales Statistics
- 2009 Year End Snapshot of White Bear Lake, MN Home Sales Statistics
- 2009 Year End Snapshot of White Bear Township, MN Home Sales Statistics
- 2009 Year End Snapshot of Wyoming, MN Home Sales Statistics
But as is said, the devil is in the details . I have another version of market reports for specific communities are not snapshots. In the communities that I work in on a daily basis, I want to really help people to understand the market so I take good hard look at the real estate sales on a quarterly basis and post a more detailed report. I also post a year end review several communities I work in and know well.
Detailed Statistic Reports
Blaine, MN Year End Real Estate Market Statistics 2009 Forest Lake, MN Year End Real Estate Market Statistics for 2009 Ham Lake, MN Year End Real Estate Market Statistics for 2009 Lino Lakes, MN Year End Real Estate Market Statistics 2009 White Bear Lake, MN Year End Real Estate Market Statistics 2009
When I take the time to pull statistics directly from the Twin Cities Multiple Listing Service (MLS) I look for specific details like cumulative days on the market (CDOM). This comes into play every time a home is relisted as a new listing in the MLS. The snapshots DOM do not take relisting into account so the time on the market appears to be much shorter than it really is in some area.
I also look at CDOM by price point. Homes in the lower price ranges are selling much more quickly that in the higher price points. A quick overview does not get that specific.
Since each community is so different, I will examine different things in different areas. Blaine has an abundance of townhomes. Since townhomes are lingering on the market in all price points, this does have an affect on the CDOM if the sales are looked as an aggregate. But if the townhomes and single family homes are looked at separately, the details give home buyers and sellers more useful information than a one-size-fits-all quick look at the market. Now in Forest Lake, lakeshore homes are a focus while in Ham Lake and Lino Lakes, acreage comes into play.
Knowing how to pull the right comparables and read the market comes from knowing a specific area and what makes the community different. Finding a REALTOR® that knows the details is imperative when buying or selling in this topsy-turvey, continually changing real estate market. There is no one-size-fits-all agent when buying or selling a home today. It is necessary to work with an expert.
Looking for Lakeshore Foreclosures? Check out this post!
Lakeshore Foreclosures Available in the North East Twin Cities Metro
If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet or FREE Homebuyers Success Packet. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota..JPG)
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Copyright 2012 Teri Eckholm http://www.terieckholm.com/
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Teri, There is so much work that goes into a detailed market report but that's where the true information is. I believe some realtors do not take this time consuming task and may not be providing all the true data to their clients. I'm glad you do so you can advise them in greater detail.