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The good news about Andover real estate in 2008 is that homes in Andover are selling once again. The statistic for closed sales shows the number of homes sold was up 16.6% in 2008 over the previous year. The bad news is that the average price has dropped significantly as well. An average sale in Andover is just under $250,000. This is probably due to the fact that fewer high valued homes are selling anywhere in the Twin Cities metro. Another trend for this Anoka County community is that time on the market has increased by over 20% with homes staying on the market an average of a month longer. This bodes well for home buyers as Andover affordability is way up! It would be a good time to consider a purchase as sellers are looking at continued competition with a steady amount of homes coming on to the market and longer market times.

stats

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet or Homebuyers Success Packet. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

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Copyright 2009 Teri Eckholm  http://www.terieckholm.com/

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If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet or FREE Homebuyers Success Packet.  I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

 

Buying a Home? Check out my HOME BUYER'S BLOG!

Copyright 2012 Teri Eckholm http://www.terieckholm.com/

 

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This post has been included in Minnesota Real Estate News Anoka County, MN Real Estate News Andover, MN Real Estate News
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2 Comments on Snapshot of Andover, MN Year End 2008 Home Sales Statistics

JAN
26
2009
1,011,293 Points 64 Featured Posts Outside Blog Attended Rain Camp

Hi Teri, this is great information and the report shows some positive issues in the market.  Nice market update.

6:18pm • #1
483,574 Points 53 Featured Posts Outside Blog Called Shot Master

Gary--The amount in sales over last year in Andover was surprising to me as it did much better in some respects than neighboring communities. It is eyeopening to compare each community in the north and east metro. Thanks for the comments.

6:24pm • #2

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Teri Eckholm, REALTOR® Anoka&Washington Counties Acreage & Lakeshore Homes

Ham Lake, MN

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Address: 4910 Highway 61 N, White Bear Lake , MN, 55110

Cell Phone: (651) 336-7073

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Theresa "Teri" Eckholm/REMAX Specialists assists Minnesotans to find their way home with helpful tips and quality service. Dedication to customer service has made Teri the REALTOR® of choice for families in Blaine, Forest Lake, Ham Lake, Lino Lakes and Wyoming areas. Licensed in MN.


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