The City of Anoka, MN Market Update
The MLS indicates that prices for the City of Anoka, MN have declined for the both the current month of November, and also year to date. However, the year to date decline was less than the current month. The MLS data is for all types of properties.
The data for this market update below is based on the above search criteria over the past 12 months, which was done for a recent appraisal.
The homes that were selected for this trendline were all single family home sales within the City of Anoka for the past 12 months; for the exact search criteria see the map above. This market analysis indicates prices are considered to be decreasing for these types of homes, as indicated by the chart above. This is similar to what prices for the overall market are doing, as indicated by the MLS statistics above. Distressed sales (Bank REO's & Short Sales) still play a large factor in the market, and make-up approximately 64% of the sales. The decline in inventory levels (48%) is felt to be significant enough to have an impact on the overall effect that distressed properties have on prices.
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