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Shoreview, Minnesota attracts attention for many other reasons besides the twin, skyscraping, radio transmission towers reaching high 1400+ miles into the air. Though not officially incorporated until 1957, Shoreview has a rich history. A good portion of what is now known as Shoreview was once inhabited by Dakota and Ojibwe Native America tribes. It was ceded to the US Government from the Ojibwe in 1837 and soon became known as a farming community. The Soo line of the railroad expanded into Shoreview in the late 1800’s and soon New Englanders and other European settlers came to farm the land. The iconic radio towers weren’t built until much later in 1963 but those three towers on 694 are still the tallest structures in the state of Minnesota. According to the 2000 census, nearly 26,000 people called Shoreview home. No doubt this decade’s survey will only add to the number of residents in this vibrant community.
But what is happening in the Shoreview real estate market during the first half of 2011? Let’s take a look:
The Shoreview market appears strong for both single family andtownhomes/condos in all price points under $500,000. Over half a million, with only four sales, it appears to be several years’ worth of inventory on the market. This is a similar situation to homes across the Twin Cities however in many other communities in the north metro, the price cut off is much lower. Sales slow and inventory starts building at the $300,000 price point and above in many neighboring communities like Blaine and Lino Lakes. While homes have started to sell and inventory levels are much more manageable in lower price point categories, executive, lakeshore and other high valued homes have lots of competition.
Overall Shoreview’s real estate market is solid with homes are taking about 5 months to sell on average during the first 6 months of 2011. Single family homes are selling about 30 days faster than area townhomes/condos on average. Hopefully this continued momentum will continue through the rest of 2011.
2011 Mid-Year Average Sales Price of all homes sold in Shoreview:
All Homes $204,061 Single Family Homes$253,933Townhomes/Condos$121,6192011 Mid-Year Average Cumulative Days on Market in Shoreview: All Homes 148Single Family Homes131Townhomes/Condos163
1st Half Shoreview residential real estate statistics for single family homes:
Under $200,000~ 18 Active Listings, 8 Pending Listings, 28 Sold Listings, 147 CDOM
$200,000-300,000~53 Active Listings, 10 Pending Listings, 34 Sold Listings, 124 CDOM
$300,000-$400,000 ~10 Active Listings, 1 Pending Listings, 6 Sold Listings, 64 CDOM
$400,000-$500,000 ~ 11 Active Listings, 1 Pending Listings, 9 Sold Listings, 201 CDOM
$500,000-$1,000,000~ 13 Active Listings, 0 Pending Listings, 4 Sold Listings, 190 CDOM
$1,000,000 and Up ~3 Active Listings, 0 Pending Listings, 0 Sold Listings
1st Half Shoreview residential real estate statistics for townhomes and condos:
Under $100,000~ 17 Active Listings, 2 Pending Listings, 18 Sold Listings, 197 CDOM
$100,000-200,000~ 34 Active Listings, 3 Pending Listings, 25 Sold Listings, 174 CDOM
$200,000-$300,000 ~ 6 Active Listings, 1 Pending Listings, 5 Sold Listings, 17 CDOM
$400,000-$500,000 ~ 2 Active Listings, 0 Pending Listings, 1 Sold Listings, 33 CDOM
For additional information on any current Shoreview real estate listing or for additional information on buying a home in Shoreview contact Teri Eckholm RE/MAX Specialists directly at 651-336-7073.
**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.
If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Theresa "Teri" Eckholm, 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.
Theresa "Teri" Eckholm/REMAX Specialists assists Minnesotans to find their way home with helpful tips and quality service. Dedication to customer service has made Teri the REALTOR® of choice for families in Blaine, Forest Lake, Ham Lake, Lino Lakes and Wyoming areas. Licensed in MN.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.