Snapshot of 2009 Year End Hugo MN Market Statistics

By
Real Estate Agent with Boardman Realty Minnesota License#90858

 Snapshot Hugo, MN by Teri Eckholm Realtor

In this northern Ramsey and Washington County community, just north of White Bear Lake, closed home sales were up an average of by nearly 43%. Unfortunately, the average sales price did continue to decline again during 2009; down nearly 17% to under $200,000! This is no doubt a reflection of the significant amount of first time home buyers in the market. With only a handful of additional new listings in the area, inventory is down considerably. Sellers are already starting to see sales prices come in closer to asking price. Time on the market to sell a home, has remained flat at just over four months. It appears that the Hugo market is starting to become more balanced which is great news for homeowners in this Washington County suburb.

Snapshot Hugo, MN by Teri Eckholm Realtor

Posted by

Teri Eckholm. REALTOR with Boardman Realty, is a native Minnesotan who has lived and worked in the Minneapolis St Paul metro all of her life. She specializes in lakeshore homes, acreage properties and first time home buyers but assists anyone making a move in the north and east Twin Cities metro.

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give Teri , a call or visit her website for a FREE Home Buyer Success Guide or FREE Home Value Report She 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.

Copyright 2019 terieckholm.com

 

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Rainmaker
2,582,198
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Let us hope that 2010 shows improved numbers for housing!  Especially with the price/values!

Feb 26, 2010 03:16 AM #1
Rainmaker
720,487
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Myrl--Yes...I hope 2010 will be a good year for us all!

Feb 26, 2010 01:06 PM #2
Rainmaker
298,347
Ray Saenz
Exit Realty Laredo - Laredo, TX
Homes for Sale in Laredo, TX - Texas, Realtor

Teri,
more sales, more closings and the average sales price is 16% less that's good eh ? :) close many homes Teri !!!

Feb 26, 2010 01:23 PM #3
Rainmaker
720,487
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Ray--Closed sales up is good, yes!! :)

Feb 26, 2010 02:10 PM #4
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Teri more sales occurred in 2009 but the average price dropped, this is true of most markets.  A nice report for consumers  to see the trend in the market.

Feb 26, 2010 10:35 PM #5
Rainmaker
720,487
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Jennifer--Yes...they average price did drop in every community I looked at in the Twin Cities north metro. I attribute much of this to first time buyers who usually chose lower valued homes and that a larger percentage of homes sold in 2009 were lender mediated (bank owned or short sale).

Feb 27, 2010 12:06 PM #6
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Rainmaker
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Teri Eckholm

REALTOR Serving Mpls/St Paul North & East Metro
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