Like much of the real estate in the Minneapolis/St. Paul area, Lino Lakes, MN in Anoka County has seen reduced inventory and increased market times in 2009. This year nearly twice as many properties sold but the average selling price was directly affected by the bank owned and lender mediated properties on the market. Traditional homes had longer market times but properties were selling throughout the Lino Lakes area.
Though Lino Lakes has a good mixture of lakeshore, acreage and townhome residences but is more known for having a bit of space between the houses. It conveniently located near the junction of the 35E and 35W split, just north of the Twin Cities, Lino Lakes is a 33 square miles treasure. With 13 lakes and acres of beautiful protected wetland, the community is served by three school districts; Centennial District #12, Forest Lake District #831, and White Bear Lake District #624. The gem attraction is the pristine 2,700-acre Rice Creek Chain of Lakes Regional Park Reserve is situated within the heart of the city. Lino Lakes is committed to maintain this treasure and its natural settings and wildlife habitats for years to come.
The year end numbers for Lino Lakes sales show area homes were selling much faster than last year with an average of 147 cumulative days on the market (CDOM) for sold properties compared with 170 CDOM in 2009. The average home price was just slightly lower only lower by about a hundred bucks…that’s a good indicator of a stable market for Lino Lakes. Also current inventory levels remain at manageable levels. Looking at homes priced under $300,000, there is about 6 months of inventory. This time in 2008, there were nearly 12 months of inventory in this price category.
And the lower inventories are also in higher price points too. Based on the year end statistics, it will now take about 12 months to sell the current inventory of homes with a $400,000+ price tag. This is comparative to last year when the inventory levels in Lino Lakes hovered around the 12 month mark for absorption too but much better for the $500,000+ homes where the absorption was about 3 years a year ago.
2010 Average Sales Price of all homes sold in Lino Lakes:
- All Homes $229,540
- Single Family Homes $255,271
- Townhomes/Condos $143,969
2010 Average Cumulative Days on Market in Lino Lakes:
- All Homes 147
- Single Family Homes 148
- Townhomes/Condos 144
Year End 2010 Lino Lakes residential real estate statistics for single family homes:
Under $200,000~ 26 Active Listings, 6 Pending Listings, 45 Sold Listings, 130 CDOM
$200,000-$300,000 ~ 23 Active Listings, 4 Pending Listings, 55 Sold Listings, 154 CDOM
$300,000-$400,000 ~ 18 Active Listings, 0 Pending Listings, 29 Sold Listings, 131CDOM
$400,000-$500,000 ~ 10 Active Listings, 0 Pending Listings, 11 Sold Listings, 181 CDOM
$500,000 and Up~ 3 Active Listings, 1 Pending Listings, 3 Sold Listings, 349 CDOM
Year End 2010 Lino Lakes residential real estate statistics for townhomes and condos:
Under $200,000~ 28 Active Listings, 1 Pending Listings, 39 Sold Listings, 134 CDOM
$200,000-300,000~ 1 Active Listings, 0 Pending Listings, 3 Sold Listings, 263 CDOM
$300,000-$400,000 ~ 1 Active Listings, 0 Pending Listings, 1 Sold Listings, 1 CDOM
Lakeshore available in Lino Lakes
3 Active Listings
Lino Lakes lakeshore price range: $381,896-$575,000
- 2 Homes on Marshan Lake
- 1 Home on Reshanau Lake
Acreage properties available in Lino Lakes:
7 properties listed on 1-5 Acres priced between $142,500-$440,000
4 properties listed on 5-10 Acres priced between $189,900-$459,900
1 property listed on 22 Acres priced at $625,000
1 property listed on 80 Acres priced at $6,000,000
For additional information on any current Lino Lakes real estate listing or for additional information on buying a home in Lino Lakes contact Teri Eckholm directly at 651-336-7073.
**All Statistical information sold based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/10 through 12/31/10.
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