White Bear Lake, MN Year End Real Estate Market Statistics 3rd Quarter 2010

Just about everyone who grew up in the Twin Cities north and east metro is familiar with the White Bear Lake community. Whether your memories are of passing the iconic, gigantic, snow-white bear statue at Polar Chev, swimming at Bellaire beach or setting sail across White Bear Lake, everyone seems to know something about the community. But few know the legends that surround the lake and that Manitou Island is at the center of it all. The legend has been documented by several writers but the most notable was Mark Twain who wrote of the Indian warrior who killed the great monster of a polar bear to save himself and his lover in his book, “Life of the Mississippi”.

Legends aside, today the White Bear Lake community is a vibrant area that is continually growing while preserving its rich heritage. There is no doubt that the shores of White Bear Lake are the most well known as one of the largest lakes in the north metro as it spreads from Ramsey County into Washington County. But there are two other lakes in the City of White Bear Lake: Birch Lake and Goose Lake as well as Bald Eagle Lake in White Bear Township. This town is the home of the White Bear Lake School District #624 and Century College while encompassing 11 square miles of land. Real estate opportunities include both historic homes and recently constructed residences. First time buyers, executive home buyers, retiring downsizers and luxury lakeshore buyers have a wide variety of options if the choose to call White Bear Lake home.

Third Quarter 2010 Average Sales Price of all homes sold in White Bear Lake:

• All Homes $ 172,581
• Single Family Homes $ 184,108
• Townhomes/Condos $ 114,950

Third Quarter Average Cumulative Days on Market in White Bear Lake:

• All Homes 148
• Single Family Homes 154
• Townhomes/Condos 113

Under $200,000~ 71 Active Listings, 13 Pending Listings, 27 Sold Listings, 125 CDOM

$200,000-300,000~36 Active Listings, 3 Pending Listings, 11 Sold Listings, 183 CDOM (Lakeshore Subgroup 2 Active, 1 Pending, 0 Sold)

$300,000-$400,000 ~ 8 Active Listings, 0 Pending Listings, 1 Sold Listings, 434 CDOM (Lakeshore Subgroup 0 Active, 0 Pending, 0 Sold)

$400,000-$500,000 ~ 6 Active Listings, 0 Pending Listings, 1 Sold Listings, 326 CDOM (Lakeshore Subgroup 3 Active, 0 Pending, 1 Sold, 326 CDOM)

$500,000-$1,000,000~ 5 Active Listings, 1 Pending Listings, 0 Sold Listings (Lakeshore Subgroup 4 Active, 1 Pending, 0 Sold)

$1,000,000 and Up ~ 4 Active Listings, 0 Pending Listings, 0 Sold Listings (Lakeshore Subgroup 4 Active, 0 Pending, 0 Sold)

3rd Quarter 2010 White Bear Lake residential real estate statistics for townhomes and condos:

Under $200,000~ 37 Active Listings, 4 Pending Listings, 6 Sold Listings, 113 CDOM

$200,000-300,000~ 19 Active Listings, 0 Pending Listings, 0 Sold Listings

$300,000-$400,000 ~ 6 Active Listings, 0 Pending Listings, 0 Sold Listings

$400,000-$500,000 ~ 1 Active Listings, 0 Pending Listings, 0 Sold Listings

$500,000-$1,000,000~ 6 Active Listings, 0 Pending Listings, 0 Sold Listings

$1,000,000 and Up ~ 1 Active Listings, 0 Pending Listings, 0 Sold Listings