The average sales numbers in East Bethel are quite positive at the end of 2011. It shows that this north metro Anoka County community is starting to stabilize a bit. The number of closed sales were up dramatically and new listings are down a bit for the third consecutive year. A good surprise is seeing that the average sales price in 2011 in East Bethel is actually up 8% from 2010 and with new listings down, it appears that the real estate market stabilized a bit. The ratio comparing sold price to list price did see a bit of a drop in 2011 to just under 90% which is in line with other north and east metro communities I work in. The days on the market statistic is one number to watch as it did rise considerably and the price per square footage is another concerning factor as it dropped from $89 to $85, But as these were the only negatives in an otherwise stellar report, it appears that the affordable East Bethel housing market did have a good year in 2011
For additional details on the inventory levels in East Bethel MN at the end of 2011, Click HERE.
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