-15 homes were still showing as active at end of 2011.
-Of these 15 homes only 6 of them are existing single family resale homes that were homesteaded. One of the
6 homes today is the first day on the market. Of the remaining 5 homes the average cumulative days on market totaled
-22 homes listing contract expired.
-15 homes that were on the market had their listing contract cancelled.
-One home was pending as of the end of the year with cumulative days on market of 74.
-35 homes sold out of the 88 homes that were put on the market during 2011.
-Of the 35 homes that sold 25 homes were new construction in 2010, or 2011 and were never homesteaded.
-The 10 existing resale homes that sold averaged 174 cumulative days on the market.
-The 10 resale existing homes sold saw the lowest sale price of $245,000, and the highest home sold for $747,000.
-The average sale price of the 10 existing resale homes = $480,010.
* Data for this post was researched from the Minneapolis Area Association of Realtors
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