The Linwood real estate market in southeast Anoka County is continuing to see home sales. Under $300,000 price points have a current inventory level of less than 6 months but homes over $300,000 are stagnant.. Per the Minneapolis Area Association of Realtors monthly market activity report, sales for the Twin Cities metro area were down 8% through May 2011 compared with sales in the first half of 2010. The average home price fell 7.7%. CLICK HERE for a pdf of all statistics. This mid-year update for Linwood real estate reflects the continued sluggish market with few homes selling and a steep drop in sold prices. The days on market (DOM) is just over 4 months overall but with no sales in the upper valued homes, that is a bit misleading. Though existing home inventory is high in the upper price range, homes are selling much better in the lower price ranges. There were very few homes sold in prices above the $300,000 price in Linwood. Homes in Linwood are staying on an average of 131 days and the average home sold for $151,605. The average price per square foot for all homes sold was $87. This is extremely low> But consider this, the average was $34 for homes priced under $100,000 but $111 for homes priced in the $200,000-$300,000 category. It is very important to realize that when factoring in the foreclosure sales prices it will skew the average for the entire community. Be careful if this number is being used to calculate the value of a home that is being sold by a traditional seller.
**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/11 through 6/30/11.
Statistics of current single family residential market activity in the Linwood area for the first half of 2011.
Under $100,000~ 2 Active Listings, 0 Pending Listings, 3 Sold Listings; Average Cumulative Days on Market for Sold Listings: 172
$100,000-200,000 ~ 13 Active Listings, 4 Pending Listings, 6 Sold Listings; Average Cumulative Days on Market for Sold Listings: 86
$200,000-$300,000 ~ 3 Active Listings, 0 Pending Listings, 3 Sold Listings; Average Cumulative Days on Market for Sold Listings: 173
Over $300,000~ 11 Active Listings, 0 Pending Listings, 0 Sold Listings; Average Cumulative Days on Market for Sold Listings: N/A
Lakeshore available in Linwood: 8 Active Listings, 1 Pending Listings, 0 Sold Listings during first half of 2011.
Linwood lakeshore price range: $ 89,900-$459,900. 1 Homes on Fawn Lake 7 Homes on Linwood Lake
Featured Listings in Anoka County:
Articles on Lakeshore and Minnesota that might be of interest:
Comments(0)