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Minot Home Sales Week Ending 07/29/2017

By
Services for Real Estate Pros with Ward County Notary Services 607851

Minot Realtor

07/29/2017

There were  8 homes sold in this very narrow category of stick built, single family homes located in the City limits of Minot (this seems way out of whack for this time of year, and it’s the third week in a row of declining sales in this narrow sample). Of the homes that closed this week the average days on market was 174, another BIG step in the wrong direction for the third week in a row (however 3 of the properties were listed, expired, and listed again. One for 523 days). Over all homes sold much SLOWER and for less money per square foot this week. Intentionally omitted from this report is a home flooded in 2011 which has sat vacant till this time and sold for $20,000.

Minot Homes activity week ending 07/29/2017

The chart above is the total MLS activity for the week. This includes ALL types of properties as well as all cities in our MLS. The chart below is very restrictive as explained below. Be sure to note the line above as this is a very restrictive report.

Homes for sale in Minot 07/29/2017

There were 8 homes sold in this limited category. The most expensive home sold for $507,704. and it was on the market for 139 days. The least expensive home sold for $73,000. and it was on the market for 91 days.  Average days on market for the 8 homes sold was 174. Of the homes sold the average price per square foot (total square footage) was $101.09. This report is updated daily at MinotHome.com

Posted by

Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Sometimes here summer is a little quieter until after after school starts...and then look out for the rip roaring 4th quarter !

Jul 29, 2017 07:07 AM
Bob "RealMan" Timm

I hope you are right Sally K. & David L. Hanson as this has been the slowest year I can ever remember and isn't it funny that during the slow times we work twice as hard trying to make something happen?

Jul 29, 2017 02:55 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Interesting information...thanks for sharing and happy Saturday to you!

Jul 29, 2017 07:11 AM
Bob "RealMan" Timm

Thank you Kristin Johnston - REALTOR® , so far it's been a relaxing day except for the heat.

Jul 29, 2017 02:53 PM
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Thanks for sharing your local market update, Bob "RealMan" Timm . Looks like the majority of the homes are in the $300k's range.

Jul 29, 2017 07:42 AM
Bob "RealMan" Timm

Right you are Susie Kay ! It's been dropping since our oil boom collapsed but I think it's leveled out now.

Jul 29, 2017 02:52 PM
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

Thank you for keeping us posted and up to date. Best of luck!

Jul 29, 2017 09:25 AM
Bob "RealMan" Timm

Thank you for checking it out Jeremy K. Frost 

Jul 29, 2017 02:38 PM
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Considering the days on market the $507K home sold in a reasonable period. It seems like the overpriced listed, expired, then listed homes skewed the numbers on DOM.

Jul 29, 2017 11:59 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

That's exactly what happened Joe Pryor .

Jul 29, 2017 02:37 PM