First Time Homebuyer Real Estate Oakdale MN
Opportunities abound for the First Time Homebuyer in Oakdale, Minnesota. The expansion of smaller split level single family homes and townhomes built in the late 1980’s and early 1990’s make this community one of the best opportunities for the first time homebuyer in the east Twin Cities metro. With a price per square foot in a very reasonable $80-90/sq ft, homes are very affordable in this Washington County area.
Closed sales held steady in Oakdale in 2011 but the amount of new homes listed dropped by a staggering 23%. The average closed sales price was down 13% and the average price per square footage at $83/sq ft, is one of the lowest in the north and east suburban area. This is another area where there were an abundance of lender mediated and foreclosures. The market reflects these properties working their way out of this central Washington County suburb just east of St. Paul. Market time is pretty stable taking 128 days to sell on average over 127 in 2010. This is not all bad news as with new listings way down and sales continuing at a steady pace, prices could begin to stabilize in 2012 as the market becomes more balanced between buyers and sellers. Buyers looking to take advantage of the lower prices and great affordability of Oakdale homes will need to make decisions quickly as the supply of listings could be limited especially in the lower level price ranges.
Are YOU ready to buy a home in Oakdale MN?
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