2010 Real Estate Sales Statistics for Anoka, Chisago, Washington Counties—Snapshot VS Detailed Report

By
Real Estate Agent with Boardman Realty Minnesota License#90858
Real estate marketing statistics can be confusing. Local television news reports can seem to be conflicting and if you are a home owner or home buyer, you may have trouble understanding what you hear. Just last year the news reporters were proclaiming fantastic news that the market had turned the corner in the Twin Cities metro area. Now the news is gloom and doom again as we are in the lowest valued market since the bubble burst. Foreclosures and short sales have caused a significant decline in the market value of homes in the Minneapolis/St. Paul area. And last year’s tax incentives did get some distressed property inventory off the market but also caused a very temporary bubble of recovery. But what is happening in YOUR community…that is the big question, isn’t it?

Earlier this year, I have been posted real estate market statistics for the communities in the north metro where I do the bulk of my business. While I work in Anoka County, Southern Chisago County, North and Eastern Ramsey County and North Washington County, the focus of my business is Ham Lake, Blaine, Lino Lakes and all communities in the Forest Lake and Centennial school districts. That does include a good number of communities so it takes a bit of time to pull all of the information together.


There are two types of reports that I post. The first is a quick snapshot that includes information taken directly from the Minneapolis Area Association of REALTORS® website’s Top 100+ Report (a comprehensive database with statistics for 205 different Twin Cities communities). I pull these stats into a chart and post along with a quick synopsis of what happened during the past year. I have done quite a few of these "short and sweet" looks into the basic real estate housing stats for several north and east metro communities.


Housing Statistic Snapshots

But as is said, the devil is in the details, the second version of market reports that post get into the sale specifics. These reports are not quick snapshots. In the communities that I work in on a daily basis, I want to really help people to understand the market so I take good hard look at the real estate sales on a quarterly basis and post a more detailed report. I also post a year end review several communities I work in and know well.

Detailed Statistic Reports

Blaine, MN Year End Real Estate Market Statistics 2010

Forest Lake, MN Year End Real Estate Market Statistics for 2010

Ham Lake, MN Year End Real Estate Market Statistics for 2010

Hugo, MN Year End Real Estate Market Statistics 2010

Lino Lakes, MN Year End Real Estate Market Statistics 2010

Oakdale, MN Real Estate Market Statistics Year End 2010

White Bear Lake, MN Year End Real Estate Market Statistics 2010

When I take the time to pull statistics directly from the Twin Cities Multiple Listing Service (MLS) I look for specific details like cumulative days on the market (CDOM). This comes into play every time a home is relisted as a new listing in the MLS. The snapshots DOM do not take relisting into account so the time on the market appears to be much shorter than it really is in some area.

I also look at CDOM by price point. Homes in the lower price ranges are selling much more quickly that in the higher price points. A quick overview does not get that specific.

Since each community is so different, I examine different things in different areas. Blaine has an abundance of townhomes. Since townhomes are lingering on the market in all price points, this does have an affect on the CDOM if the sales are looked as an aggregate. But if the townhomes and single family homes are looked at separately, the details give home buyers and sellers more useful information than a one-size-fits-all quick look at the market. Now in Forest Lake, lakeshore homes are a focus while in Ham Lake and Lino Lakes, acreage comes into play.

Knowing how to pull the right comparables and read the market comes from knowing a specific area and what makes the community different. Finding a REALTOR® that knows the details is imperative when buying or and selling in this topsy-turvy, continually changing real estate market. There is no one-size-fits-all agent when buying or selling a home today. It is necessary to work with an expert.

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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Comments (10)

Steven Wright
Home Real Estate - Aurora, CO
CRS - Home Real Estate - 720-989-5283

It is good to have statistical information.  Thanks for posting.

Jun 01, 2011 05:43 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Steven--Thanks!!

Jun 01, 2011 03:15 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Teri,

Now that's a lot of work! I viewed your snapshots and detailed versions, you're providing a great deal of information for anyone interested in Anoka & Washington Counties real estate.

Jun 01, 2011 03:43 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Lynda--Thank you...yes it was a bit of work. I am usually quicker to post the compiled report but this year I have been very busy. :)

Jun 01, 2011 03:50 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

Terri I love those little pink houses.  Statistics are appreciated, I know because I get request all the time.  Your post will be a great resource.

Jun 01, 2011 04:33 PM
Yolanda Hoversten
Self Employed - O'Fallon, IL
Broker - O Fallon, IL Real Estate

Teri, I get this all the time. The media says one thing and my local market says another. Lately as you said, it's worse than thought. No wonder buyers are really on the fence whether it's a good time to buy... or not.

Jun 02, 2011 06:30 AM
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Teri-Your reports are are information dense. I'm pretty sure your engineer, and science oriented clients love your facts. You put a lot of work into these reports and it shows.

Jun 04, 2011 04:46 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Jennifer--I was hoping people would appreciate having them all on one post as so many communities overlap in our area.

Jun 05, 2011 12:22 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Yolanda--When so many communities overlap it is easy to get confused as the media only likes to hit the main points...which are usually bad.

Jun 05, 2011 12:23 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Wayne--Thank you...It is a process that I try to keep up with. I know many are interested in the information.

Jun 05, 2011 12:24 PM

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