For all of Stonemill Farm’s single family homes 2011 year ending (Jan. thru Dec):
-28 homes were still showing as Active at end of 2011.
-Of the 28 Active homes only 9 homes are existing previously owned single family homes that were homesteaded.
- 3 of the 9 previously owned homes that are Active on the market two were a short sale with one of them Sold pending 3rd Party Approval, and one is a lender owned home.
- The 9 previously owned homes Active on the market had a cumulative days on market averaging 138.
- The average list price for the 9 Active homes for sale was $447,611, which was greatly influenced by one home for sale at $929,900.
- 19 of the Active homes for sale were either model homes, to be built homes, or completed new construction homes.
-28 homes listing contracts expired.
-20 homes that were on the market had their listing contract cancelled.
- Of the 65 homes that Sold 30 of them were model homes, or completed new construction homes. The remaining 35 homes that Sold were previously owned and homesteaded homes.
- Of the 35 previously owned homes that Sold 4 of them were Lender Owned, and 7 were Short Sales leaving 24 previously owned homes as traditional sales.
- Of the 35 previously owned homes that Sold the cumulative days on market for each home averaged 181.
- The average sale price for the 35 previously owned homes that Sold was $$418,866. (This was the average after factoring out the seller paid closing costs).
* Data for this post was researched by John Durham from the Minneapolis Area Association of Realtors MLS database.
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