Special offer

Hugo, MN Year End Real Estate Market Statistics 2010

By
Real Estate Agent with Boardman Realty Minnesota License#90858

Sandwiched between the cities of White Bear Lake and Forest Lake along Hwy 61 is the community of Hugo, Minnesota. While many people cannot forget the recent tornadoes that devastated the area a few years ago, that event does not define the community. Hugo is a vibrant and growing area with a deep history. The town has had a few names, first Oneka, then Centerville Station before finally adopting Hugo just after the turn ot the century in 1906. The name Oneka is still present in the community as it is the name of the city’s largest lake, Lake Oneka. According to Wikipedia, the name is derived from a Dakota/Native American word, onakan, a word meaning to hit rice into a canoe. However the origin of the Hugo name is a bit trickier to pinpoint. Per Wikipedia, “The Washington County Historical Society suggests it was for French author Victor Hugo, or more likely named after Trevanion William Hugo, who was chief engineer of the Consolidated Elevator Company in Duluth and former Duluth mayor, who likely had ties to the railroad.” Hugo was a big station stop on the way to Duluth back in the railroad heyday so this does make sense.

In any event, today the Hugo community is a vibrant area that is continually growing into a well defined community in the north and east Twin Cities suburbs. While Oneka is the large lake in Hugo, there is also Egg, Horseshoe and Rice as well as acres of wetland and ponds throughout this Washington County community. Hugo residents are served primarily by the White Bear Lake School District #624 although several homes to the north a part of the Forest Lake School District #831. Real estate opportunities include both historic homes and more recently constructed residences. First time buyers, executive home buyers, retiring downsizers and luxury lakeshore buyers have a wide variety of options if the choose to call Hugo home.

In 2010 there were 273 homes sold in the community of Hugo. Sold prices ranged from $52.000 to $799,000 with an average sales price of $191,466. The cumulative days on the market for homes in Hugo during 2010 was 153.

2010 Average Sales Price of all homes sold in Hugo:

  • All Homes $191,466
  • Single Family Homes $273,448
  • Townhomes/Condos $138,622

2010 Average Cumulative Days on Market in Hugo:

  • All Homes 153
  • Single Family Homes 172
  • Townhomes/Condos 140

Year End Hugo residential real estate statistics for single family homes:

Under $200,000~ 8 Active Listings, 5 Pending Listings, 23 Sold Listings, 129 CDOM

$200,000-$300,000~29 Active Listings, 4 Pending Listings, 48 Sold Listings, 149 CDOM

$300,000-$400,000 ~ 7 Active Listings, 2 Pending Listings, 28 Sold Listings, 204 CDOM

$400,000-$500,000 ~ 6 Active Listings, 0 Pending Listings, 3 Sold Listings, 434 CDOM

$500,000 and Up~ 6 Active Listings, 0 Pending Listings, 5 Sold Listings, 326 CDOM

Year End Hugo residential real estate statistics for townhomes and condos:

Under $200,000~ 77 Active Listings, 11 Pending Listings, 153 Sold Listings, 136CDOM

$200,000-$300,000~ 6 Active Listings, 1 Pending Listings, 11 Sold Listings, 190 CDOM

$300,000-$500,000 ~ 2 Active Listings, 0 Pending Listings, 2 Sold Listings, 269 CDOM

For additional information on any current Hugo real estate listing or for additional information on buying a home in Blaine contact Teri Eckholm directly at 651-336-7073.

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/10 through 12/31/10.

Articles on Real Estate, Lakeshore and Minnesota that might be of interest:

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

 

******************************************************************************************************

LIKE MY BLOG? Subscribe, Follow or Like...It's your choice!

 

 

Comments(14)

Stanley Stepak
Howard Hanna - Avon Lake, OH - Avon Lake, OH
Realtor - Avon Lake, Avon, Bay Village, Westlake,

Did not know that there was a town of that name.  It has very balanced market of homes there. HAppy selling.

Jan 12, 2011 01:11 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Teri,

Good info on Hugo and like Stan (above) I've not heard of it either. But then again there are lots of places here too that others have never heard of.

As for "Egg" now that's a really odd name to me. I clicked on your link and it looks like a lake, right?

Jan 12, 2011 01:27 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Stan--Yes, I always thought that Hugo was an odd name for a town...we have lots of towns with unusual names in Minnesota. Many have roots to those who settled the town or native American names.

Jan 12, 2011 01:31 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Lynda--Yes Oneka, Egg, Horseshoe and Rice are names of the largest lakes in Hugo. I would think it is unusual too if I didn't live in Ham Lake...named after the shape of a lake in our community that is shaped like a ham-hock. With 12,000+ lakes, I guess they ran out of the good names...or maybe they were just very hungry that day! lol

Jan 12, 2011 01:33 PM
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 besides the comprehensive market report for Hugh MN I like the way you gave a bit of history; a nice touch to the report.

Jan 12, 2011 03:21 PM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Teri your reporting on what is happening in the HUGO Real Estate market is 2nd to none! Best of luck in 2011.

Jan 12, 2011 11:23 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Jennifer--I started to add a bit of history to all my market reports so people new a bit about the community other than what has sold. :)

Jan 13, 2011 11:57 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Bill--Thanks...I appreciate that! :)

Jan 13, 2011 11:58 AM
Steve Scheer
Realty Oasis - Metro Brokers - Highlands Ranch, CO
Highlands Ranch Real Estate - Denver Real Estate

Hugo sounds great Teri, I appreciate the history & geography lesson as well.

Jan 13, 2011 02:41 PM
William Johnson
Retired - La Jolla, CA
Retired

Hi Teri, The average home price in Hugo would be not be so useful. There is such a broad extreme  from one end of the price spectrum to the other.  But your breakdown of home sales by price category is I think the best way to show the market and the very wide spread of location, size and price. Well done.

Jan 13, 2011 04:45 PM
Lizette Fitzpatrick
Lizette Realty - Richmond KY - Lexington, KY
Lizette Realty, Lexington KY MLS - Kentucky Homes

What a neat name for a town.  Nice market report with a little history attach to it.  Have a great weekend!

Jan 14, 2011 06:52 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Steve--Thanks! It is a great area!

Jan 14, 2011 10:16 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

William--Exactly! And there are so many townhomes being sold at very low prices the average is completely useless if you own a single family home.

Jan 14, 2011 10:18 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Lizette--Hope your weekend is awesome as well! :)

Jan 14, 2011 10:18 AM