Overall the Andover real estate market continues to remain strong. Closed sales are up once significantly but there was a drop in new listings. This lack of inventory is putting home sellers in the driver’s seat of the housing market Closed sales are up nearly 20% .Since there are several new home construction developments in Andover it is no surprise that the percent received of original listing price is up too. New homes always cost a bit more per square foot than existing homes. In 2015, the average sales price rose again from almost $254K to nearly $267K! This … (0 comments)
andover mn realtor: Snapshot of Home Sales Statistics in Andover, MN Year End 2013
- 02/17/14 04:52 AM
The real estate market continued to improve significantly in Andover, MN for the second straight year! Closed sales are up once again but new listings have also risen but it appears home sellers are still in a good position in with strong sales and rising prices. Closed sales are up over 10% but new listings were also up well over 16%. Since there are several new home construction developments in Andover it is no surprise that home prices are up too. New homes always cost a bit more per square foot than existing homes. In 2013 the average sales … (0 comments)
What a difference a year makes in the real estate market in Andover, MN! Closed sales are up considerably combined with a slight drop in new listings has put home sellers into the drivers seat. Closed sales are up over 16% while new listings were down just under 6%. This pushed the average sales price up from just under $200,000 to over $216K! Likewise the average price per square foot in Andover rose from $88/sq ft in 2011 to an average of $94/foot in 2012. Another sign that the market has turned is the drop in … (2 comments)
andover mn realtor: First Time Homebuyer Statistical Snapshot of Andover MN Home Sales
- 02/04/12 02:22 AM
First time homebuyers might want to take a close look at buying in Andover in 2012. There are several options from foreclosures to new construction and a good number of homes offered by traditional sellers planning to move up. With price per square foot at $88, first homes in Andover, MN are very affordable. Closed sales are down a bit in Andover but the big drop in new listings has kept inventory in this northern Minneapolis suburb under control. The average sales price did take a hit with almost a 10% decrease from just under $221,000 to just under $200,000. … (0 comments)
Closed sales are down a bit in Andover but the big drop in new listings has kept inventory in this northern Minneapolis suburb under control. The average sales price did take a hit with almost a 10% decrease from just under $221,000 to just under $200,000. This means the average price per square foot also took a 10% hit from $98/sq ft in 2010 to $88/sq ft in 2011. Another statistic that crept up a bit in 2011 was days on the market. It took an average of 154 days to sell an Andover home in 2011; up almost … (0 comments)
andover mn realtor: Year End 2010 Snapshot of Andover, MN Home Sales Statistics
- 01/23/11 11:54 AM
Closed sales have dropped this year in Andover after a few years of consistently rising sales. A 7.5% decrease in the number of closed sales does not mean homes have stopped selling in this Anoka County suburb. Homes sold and the prices remained about same with just a slight increase in the average sale price. The average Andover home is selling for just over $220,000 up by 0.1%. A good sign is that in this Anoka County community is time on the market decreased significantly in 2010 with homes selling almost a month quicker with an average market time of 138 … (2 comments)
andover mn realtor: Snapshot of 2009 Year End Andover, MN Market Statistics
- 01/13/10 02:15 AM
Closed sales are up once again in Andover in 2009. A 21% increase of closed sales shows that homes are selling again in this Anoka County suburb. However, the down side is that average price has dropped again by almost 11%. An average sale in Andover is just under $220,000 down by 8.7%. This is probably a combination of the trend for many lender-mediated sales with few high valued homes sold this past year anywhere in the Twin Cities metro. A good point is that in this Anoka County community is time on the market has stayed flat this year. … (2 comments)
Theresa "Teri" Eckholm/Boardman Realty 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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