The brainerd lakes real estate market is starting to come back slowly. We are seeing home prices starting to climb in Brainerd lakes area. Last year in January home average prices under $100,000 In Brainerd was $57,604 in 2014 in January average home sales price homes under $100,000 in Brainerd was $63,819. With the inventory of homes for under $100,000 dropping fast in the Brainerd lakes area. In January of 2012 number of homes for sale under $100,000 in Brainerd was 78 in January of 2013 it was 72 and in January of 2014 it was........... 59. We have seen lot of homes beening what they called "flipped" in Brainerd. This actually helps the market out in bringing life back to homes in the area.
Search for all homes in the Brainerd lakes area under $100,000
We have started to see our local Brainerd Foreclosure market falling as well. We seen a large number of foreclosures in Brainerd over the past few years. These numbers look like this: Sept-2012 number of foreclosures in Brainerd for sale were 12, Sept-2013 was 11 and Sept-2014 was 7. Although we still are seeing foreclosures in brainerd come on the market. Lower number is helping the market rise again.
See all available foreclosures in the Brainerd area here: Brainerd Foreclosure's
As our inventory of homes for sale in the Brainerd area under $100,000 slowly declines we have a great chance of seeing home prices rise again. There are still great buys in the Brainerd lakes area under $100,000. The asking price to closing price is starting to close as well. This meaning sellers are slowly starting to get closer to their asking price when listed right. We are seeing this percent as low as 88.6% in Jan of 2012, 88.8% in march of 2013 and 91% in July 2014.
How much is your Home worth? Find out here: HOME VALUES
Follow the Brainerd market here: Brainerd market trends
You find all the local school information here: Brainerd area school information
You can find statistics of the Brainerd community area: Brainerd Community statistics
Each data point is 12 months of activity. Mean these statistics are year to year.
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