Market trends in Arden Hills homes
Real estate market data in Arden Hills MN by Joel Friday of Keller Williams Classic Realty
We have seen the market sky rocket from 2000-2006. Then we experienced the depths of a market crash which hit us head on in 2007 and continued through 2011. So what are prices doing now?
First off let me say that the normal or expected rate of increase in a stable market is 4% a year. With that being said, here is the chart for Arden Hills as compared to the entire Twin City region for the past 5 years.
As you can see, the market is on a steady upward curve over this time frame, although Arden Hills went way up and back down again since the low in March 2012. 55112 is seeing a 11.9% growth over the past year to $282,000, which double the low point. So how does this affect you? If you bought in the early 2000's you have fully recovered any losses seen during the crash. If you were lucky enough to buy from 2010-2012 you have earned some equity which could be turned into a move up purchase or a call to your lender could eliminate your monthly PMI payment.
Call Joel now for the best information on the current market conditions in your area. 612-868-6287
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My current inventory of homes for sale
Median sale price in Arden Hills MN 55112
| Arden Hills homes for sale | by Keller Williams Classic |
|
Under 150,000 150,000 - 300,000 300,000 - 450,000 450,000 - 600,000 |
600,000 - 800,000 800,000 - 1,000,000 1,000,000 - 1,500,000 1,500,000 + |
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