Lake Elmo MN 2011 Housing Numbers – Durham Executive Group

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Real Estate Agent with Durham Executive Group - RE/MAX/Results

Lake Elmo MN 2011 Housing Numbers – Durham Executive Group

 

 

 

Lake Elmo MN Monument - Durham Executive Group

 

 

 

2011 Lake Elmo MN single family homes statistics (Jan. thru Dec):

 

- 33 homes were still showing as Active at end of 2011.

- Of the 33 Active homes 29 homes homes were being resold. The range was from $125,000 up to $1,499,000.

- 6 homes were a short sale requiring 3rd Party Approval.

- 4 homes were for sale between $100,000 and $200,000.

- 7 homes were for sale between $200,000 and $300,000.

- 3 homes were for sale between $300,000 and $400,000. The remaining homes were above $400,000.

- The 29 previously owned homes Active on the market had a cumulative days on market averaging 218.

- The average list price for the 29 Active homes for sale was $489,030. 

- 4 Active homes (separated out and above and beyond the 29 existing and resale homes) for sale were either model homes, to be built homes, or completed new construction homes. None of these statistics are included above.

- 36 homes listing contracts expired.

- 44 homes that were on the market had their listing contract cancelled.

- Of the 55 previously owned homes that Sold 35 of them were traditional sales, 6 were short sales, and 14 were lender owned.

- Of the 55 previously owned homes that Sold the cumulative days on market for each home averaged 190.

- The average sale price for the 55 previously owned homes that Sold was $388,017. (This was the average after factoring out the seller paid closing costs).


Follow the Durham Executive Group's blog for ongoing Lake Elmo MN housing statistics. Whether you are a home seller or a home buyer stay informed and current about what is happening in Lake Elmo MN.

Contact John & Becky Durham whether selling or buying as we expertly know the housing market in Lake Elmo MN. If you are contemplating purchasing a new construction home keep us in mind as we have expertise in representing buyer's when building.

 

* Data for this post was researched by John Durham from the Minneapolis Area Association of Realtors MLS database.

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John and Becky are real estate agents with backgrounds and work experiences that set us apart from our competition. We are both educated with post graduate degrees and have worked in upper bracket professional management positions in both business and educational settings prior to real estate. We know how to work with all social and economic clientele - whether it's a first time buyer, or a multi-million dollar client. We put the emphasis on ‘EXECUTIVE LEVEL' service regardless of the size of the transaction.

Our mission statement embodies putting the client first. We recognize the importance of listening to, and fully understanding our clients' needs and concerns. Each of us brings a unique set of marketable skills with none more important than integrity and honesty. We give our word that there will never be a transaction we are involved with that is not handled with professionalism, honesty, and integrity. Additionally, we pride ourselves on our communication skills and the ability to market and negotiate our client's properties with superior results. In fact, our efforts were recently recognized with an award for our client marketing. This is a prestigious award only a few agents in the Twin Cities receive from the National Association of Realtors and Realtor.com.

 

John and Becky Durham

REMAX Results

604 Bielenberg Drive

Suite 100

Woodbury, MN  55125

Voice (651)231-2191

Fax (651)735-8246

John@DurhamExecutiveGroup.com

http://www.durhamexecutivegroup.com/ (Search All Properties Currently for Sale in Twin Cities, Greater Minnesota, and Western Wisconsin via our MLS - Enabled Search Engine)

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Durham Executive Group

 

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