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Blaine MN | A Tale of Two Markets (or Three)
Blaine, MN | A Tale of Two Markets
While it is said that all real estate is local, the market in Blaine, Minnesota is following a pattern seen across the country, there is a discrepancy across markets. There is a continued lack of inventory in the starter homes while in high end homes there is an abundance.
One difference I am seeing in and around the greater Blaine 55449 zip code is that there is a bit of a balancing of the market in the mid-range or move-up homes but starter homes are still in high demand and few options for home buyers. A quick look at the MLS today showed that there were only 7 homes available in Blaine under $200K but more than triple the amount in the $200K to 300K price point with 21 active homes. Over $300K there were quadruple active listings with 109 homes currently available.
Real estate is often the biggest investment a person will make in their lifetime. Understanding the nuances of the local neighborhoods is essential.
Today I would like to explore this further with A Tale of Two Markets
Six months ago, I reported that the mismatch ... more
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