White Bear Lake saw a huge drop in the amount of closed sales in 2010 compared to 2009 but the good news is the average sales price is up a bit. In this northern Ramsey County city, home sales dropped just over 26%! Inventory levels could be on the rise as the percentage of new listings was quite a bit less (5.5%) and so there is abundant inventory in 2010. The average days-on-the-market statistic was down by 4.4% so homes are continue to sell faster in White Bear Lake as this adds to the 10% drop in DOM in 2009. Sellers are seeing their offers come in a bit closer to asking price as the percent to original price ratio did increase by over 3% in 2010 Traditional sellers considering a move up in White Bear will continue to see opportunities as there are less good starter homes listing now but many higher valued homes to select from. For additional breakdowns by price point in the White Bear Lake area CLICK HERE.
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