There are a total of 69 Townhomes currently listed for sale on the MLS in Otsego, Minnesota (as of 1/6/08).  The average list price is $183,104 and the median is $171,024.

November Statistics:
When compared to the same time last year, the number of new listings in Otsego was up 2.8% and the average sale price was up 6.4%.  However, the number of closed sales (homes sold) fell by 51.9% and not surprisingly, the inventory of single family homes is up 37.3%.  Otsego is primarily new developments and that accounts for the continued strength in prices as most of the homes for sale are new or very recent construction.  The ratio of the final sale price to the original listing price fell slightly from 96.3% and to at 95.9% (down by 0.4%).  This is definitely a red-hot buyer's market.

Otsego Minnesota is a growing community located between Interstate 94 (Rogers) and US Highway 10 (Elk River) in Wright County in the northwestern corner of the Twin Cities 9 County Metro area.   It is an exurban community just beyond the suburbs where the land was primiarily used for farming until recently.

The chart below shows the average cumulative days on market for all townhomes in Otsego listed by price range.  The cumulative data includes days from previous listings of the same home within a 12 month period.  When the CDOM is greater than the DOM, it may mean that the home has been on the market within the past year and has either expired or was cancelled and then re-listed.

Based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC
for January 6th, 2008.

To view these listings, click here: Otsego Town Homes
Please be patient - it will take a moment to load all of the listings (pdf file).

It is a great time to buy a home and there are great deals in all price ranges available.
For more information about my services, guarantees or how I can help you find your next home, sell your home, buy a business or investment property - Just call me today at 763-548-1418!

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Associates of Science Degree in Geographic Information Systems and Cartography
from Anoka Ramsey Community College in Coon Rapids, Minnesota.


Licensed in Minnesota


Equal Housing Opportunity

© Copyright Patti Ann Kasper 2007 All Right Reserved.