Here is what is happening in the Otsego, MN real estate market:
Currently there are 236 active single family listings with 34 sales pending and 25 closed sales in the last 30 days. The under $200,000 price range is where much of the activity comes from with 25 of the pending sales and 17 closed sales in the last month. There are 96 active listings under $200K. The townhomes have been selling too. There are 65 active listings with 15 of the pending sales being townhomes and 14 of the closed sales being townhomes.
Otsego is a hot spot for the townhome sales because the bank owned townhomes have dropped so much that you can get a nice townhome for around $120K. There are also so good deals on split entry homes that are around $160K now. Plus some deals on the Modified two-story homes. Its a great time to be a buyer. Big savings in Otsego right now!
Chuck Carstensen is a Realtor with The Discovery Team at RE/MAX; helping buyers, sellers, and investors of residential real estate in Isanti, Anoka, Sherburne and Wright County. He is a speaker and co-author in the best selling book series Wake Up...Live the Life You Love: Your Wake Up Moments (available soon). Carstensen is also a personal development mentor with Success University...where he helps people discover how to be more successful in business, life and health.