Real estate marketing statistics have been thrown around in the media lately as commonly and as randomly as a toddler tosses around a bowl full of Cheerios. Just like those darn O's, numbers and stats are everywhere! But with so random of a disbursement, does a home buyer or seller really understand what they mean?
Since the beginning of the year, I have been posting real estate market statistics for the communities in the north metro where I do the bulk of my business. While I work in Anoka County, Southern Chisago County, North and Eastern Ramsey County and North Washington County, the focus of my business is Ham Lake, Blaine, Lino Lakes and all communities in the Forest Lake and Centennial school districts.
There are two types of reporting that I post. The first is a quick snapshot report that includes information taken directly from the Minneapolis REALTORS® Association Top 100+ Report that includes statistics for 205 different Twin Cities communities. I put these stats along with a quick synopsis of what happened during the past year. I have done quite a few of these "short and sweet" looks into the basic real estate housing stats for several communities.
Housing Statistic Snapshots
2008 Year End Snapshot of Andover, MN Home Sales Statistics
2008 Year End Snapshot of Blaine, MN Home Sales Statistics
2008 Year End Snapshot of Centerville Market Statistics
2008 Year End Snapshot of Chisago City, MN Home Sales Statistics
2008 Year End Snapshot of Circle Pines, MN Home Sales Statistics
2008 Year End Snapshot of Columbus, MN Home Sales Statistics
2008 Year End Snapshot of Coon Rapids Market Statistics
2008 Year End Snapshot of East Bethel, MN Home Sales Statistics
2008 Year End Snapshot of Forest Lake MN Home Sales Statistics
2008 Year End Snapshot of Ham Lake, MN Home Sales Statistics
2008 Year End Snapshot of Hugo, MN Home Sales Statistics
2008 Year End Snapshot of Lino Lakes, MN Home Sales Statistics
2008 Year End Snapshot of Linwood, MN Home Sales Statistics
2008 Year End Snapshot of White Bear Lake, MN Home Sales Statistics
2008 Year End Snapshot of White Bear Township, MN Home Sales Statistics
2008 Year End Snapshot of Wyoming, MN Home Sales Statistics
But as is said, the devil is in the details (or God as the case may be). I have another version of market reports for specific communities are not snapshots. In the communities that I work in on a daily basis, I want to really help people to understand the market so I take good hard look at the real estate sales on a quarterly basis and post a more detailed report. I also post a year end review several communities I work in and know well.
Detailed Statistic Reports
Blaine, MN Real Estate Market Statistics Year End 2008
Forest Lake, MN Real Estate Market Statistics Year End 2008
Ham Lake, MN Real Estate Market Statistics Year End 2008
Lino Lakes, MN Real Estate Market Statistics Year End 2008
When I take the time to pull statistics directly from the Twin Cities Multiple Listing Service (MLS) I look for specific details like cumulative days on the market (CDOM). This comes into play every time a home is relisted as a new listing in the MLS. The snapshots DOM do not take relisting into account so the time on the market appears to be much shorter than it really is in some area.
I also look at CDOM by price point. Homes in the lower price ranges are selling much more quickly that in the higher price points. A quick overview does not get that specific.
Since each community is so different, I will examine different things in different areas. Blaine has an abundance of townhomes. Since townhomes are lingering on the market in all price points, this does have an affect on the CDOM if the sales are looked as an aggregate. But if the townhomes and single family homes are looked at separately, the details give home buyers and sellers more useful information than a one-size-fits-all quick look at the market. Now in Forest Lake, lakeshore homes are a focus while in Ham Lake and Lino Lakes, acreage comes into play.
Knowing how to pull the right comparables and read the market comes from knowing a specific area and what makes the community different. Finding a REALTOR® that knows the details is imperative when buying or and selling in this topsy-turvey, continually changing real estate market. There is no one-size-fits-all agent when buying or selling a home today. It is necessary to work with an expert.
Looking for Lakeshore Foreclosures? Check out these posts:
If you are buying or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet, Homebuyers Success Packet or sign up for Listingbook Twin Cities Home Search. 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..JPG)
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Copyright 2009 Teri Eckholm http://www.terieckholm.com/
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You pay so much attention to detail in your reports and give everyone a simple and understandable overview that I have no doubt that the consumer is knocking on your door!