First time homebuyers might want to take a close look at buying in Andover in 2012. There are several options from foreclosures to new construction and a good number of homes offered by traditional sellers planning to move up. With price per square foot at $88, first homes in Andover, MN are very affordable.
Closed sales are down a bit in Andover but the big drop in new listings has kept inventory in this northern Minneapolis suburb under control. The average sales price did take a hit with almost a 10% decrease from just under $221,000 to just under $200,000. This means the average price per square foot also took a 10% hit from $98/sq ft in 2010 to $88/sq ft in 2011. Another statistic that crept up a bit in 2011 was days on the market. It took an average of 154 days to sell an Andover home in 2011; up almost 3% from the previous year. It seems that home buyers continue to consider Andover an affordable option in the Twin Cities north metro but are very conscious of pricing.
AREYOU A FIRST TIME HOMEBUYER IN ANDOVER MN?
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