For all of Power Lake’s single family homes 2011 year ending (Jan. thru Dec):
- There were a total of 18 homes on the market.
- 5 homes were still showing as Active at end of 2011.
- Of the 5 Active homes all were previously owned single family homes that were homesteaded.
- 1 of the 5 previously owned homes that were Active on the market was a short sale.
- For the 5 Active and previously owned homes the cumulative days on market averaged 375.
- The average list price for the 5 Active homes for sale was $624,740.
- 4 of the 18 homes on the market had their listing contracts Expired.
- 4 of the 18 homes that were on the market had their listing contract Cancelled.
- 2 homes were shown as Pending at the end of the year.
- Of the 3 homes that Sold each were previously owned and homesteaded. All three were traditional sales.
- Of the 3 previously owned homes that Sold the average sale price was $486,965. (This was the average after factoring out the seller paid closing costs).
- Of the 3 previously owned homes that Sold the cumulative days on market for each home averaged 53 days.
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* Data for this post was researched by John Durham from the Minneapolis Area Association of Realtors MLS database.