Are you wondering how things are going in the real estate market in Central Minnesota? Things are moving and buyers are coming out of hibernation.

      Despite the cold weather and heavy snow in February, buyers in the Greater Lakes region were very active during the month of February. There were 99 closed sales during the month, an increase of 23.8 percent from a year ago.
     Home prices have shown early signs of stabilizing, but remain relatively soft. The February median sales price of $115,000 was a decrease from a year ago of 1.7 percent.
     Soft prices have combined with extremely low mortgage rates to create an attractive environment for buyers. The Housing Affordability Index in February of 172 is an improvement of 4.7 percent from a year ago, and is up dramatically from the low point seen a few years back. This indicates favorable conditions for home buying. 

     Buying or selling in the Brainerd Lakes area - give me a call.  You will be glad you did - I love my work and it shows.

Welcome from the Brainerd Lakes - where outdoor and indoor recreational opportunites abound. Looking to buy on one of our many lakes? Ready to move up or down?  Having trouble selling your home? Falling behind on payments or already in the foreclosure process? I am a Certified Short Sale Specialist as well as a Home Staging Expert.

Call me!

 
This post has been included in Minnesota Real Estate News Crow Wing County, MN Real Estate News Brainerd, MN Real Estate News Little Falls (Brainerd, MN) Real Estate News
Post is included in group: AR My Name is Cheryl
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Post is included in group: Keller Williams 'Rainers
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7 Comments on The Greater Lakes Market Update for February

MAR
10
2010
996,942 Points 4 Featured Posts

Hi Kathleen, I think we all are coming out with this warm weather. Glad to see things are getting there for you. Good Luck.
9:24pm • #1
256,826 Points 1 Featured Post Outside Blog

Charles - I am so ready for warmer weather - it is supposed to rain here for the next 4 days. Our present snow will melt but we will undoubtedly get more.
9:35pm • #3
868,326 Points 4 Featured Posts Outside Blog

24%, wow...healthy increase, Kathleen. Good sign ! Nice to see.
10:58pm • #4
256,826 Points 1 Featured Post Outside Blog

David - good increase but not a great number to start. Thanks!
11:07pm • #5
MAR
11
2010
549,594 Points 36 Featured Posts Localism Sponsor Outside Blog Hit Router

Great!! I'm sure your saying keep it coming. Warmer weather will bring us hope.  Have a good weekend!!
7:13am • #6
256,826 Points 1 Featured Post Outside Blog

Lizette- I am saying- more more of everything- lisitings, buyers, warm weather!!!!
8:36am • #7
1,403,792 Points 54 Featured Posts Outside Blog Called Shot Master

We should see an increase as ther time line for the tax incetives approaches.  Let's hope it continues!
12:33pm • #8


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Kathleen Lordbock Keller Williams Realty Professionals

Kathleen Lordbock

Brainerd, MN

More about me…

Broker/ Short Sale Specialist

Address: 10718 Greenwood St, Brainerd, MN, 56401

Office Phone: (218) 831-8001

Cell Phone: (218) 831-8001

Email Me

Information on the Brainerd Lakes area of Minnesota. Real Estate help for buyers and sellers. Home staging tips and help for owners who need to sell fast. Postponing foreclosure and short sale help. </a


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