The City of Crystal, MN | Market Update

For every appraisal it's important to determine as to whether values are increasing, decreasing, or are remaining stable (click here for detailed article on how this is done). The MLS indicates that prices for the city of Crystal, MN decreased for the month of March, as well as year to date. This is for all types of properties that have sold within the city of Crystal, MN. This is not what is happening for 1 1/2 & 2 story design homes over the past 12 months (see below) in the selected neighborhood area. The data for this market update is based on the above search criteria over the past 12 months. The homes that were selected for this trend line were all single family 1 1/2 & 2 story design homes within the city of Crystal, MN for the past 12 months; for the exact search criteria see the map above. This market analysis indicates that prices are considered to be increasing as indicated by the chart above. Distressed sales (Bank REO's & Short Sales) are considered a factor in the market, and they make-up approximately 60% of the sales. The decline in inventory levels (53%) will have a positive impact on values.

 

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Posted by Michael S. Bolton-MN Appraiser on 05/19/2012 05:03 AM   Comments (4)  
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4 Comments on Market Update: Crystal, MN March 2012 (Prices are Increasing for 1 1/2 & 2 Story Design Homes)

MAY
19
2012
587,113 Points 46 Featured Posts Outside Blog Called Shot Master

Contact Realtor® Michael Bolton for all your City of Crystal and surrounding MN real estate needs.  Michael is ready to exceed your real estate expectations!
7:33am • #1
MAY
20
2012
497,216 Points 29 Featured Posts Outside Blog Called Shot Master

I believe we are all seeing certain segments of the market improving. More markets will improve over time, as it always has.
4:27am • #2
MAY
24
2012
632,988 Points 3 Featured Posts Outside Blog Attended Rain Camp

Hello Michael,

Nicely presented, great information - well done!
7:12pm • #3
MAY
28
511,432 Points 12 Featured Posts Called Shot Master

I have had listings in Crystal.  Thanks, Michael. 
10:36am • #4


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Michael S. Bolton-MN Appraiser

Zimmerman, MN

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Michael S. Bolton,Inc.

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