The market of homes in Linwood, Minnesota took a hit in 2008. New listings were down. Closed Sales were down. And the average sales price was down. All significantly. The average sales price of a home dropped nearly 27%; from the around $250,000 to just over $185,000 compared to sales in 2007. This rural Anoka County community featuring acreage and lakeshore properties north of Columbus and south of Stacy, had a whopping increase in time on the market up nearly 24% from 2007 to 179 days on the market. Linwood is also experiencing one of the lowest ratios of sales price to list price meaning sellers in Linwood are negotiating to get their homes sold. With lower average sales prices, acreage and lakeshore homes are very affordable in Linwood right now!
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.
Buying a Home? Check out my new HOME BUYER'S BLOG!
Copyright 2009 Teri Eckholm http://www.terieckholm.com/
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Teri - looks like you are right on top of what is going on in your market. I love your Smokey The Bear picture!