November figures show better affordability for Champlin real estate. The Minneapolis Area Association of Realtors put out monthly figures measuring several key performance areas. Included in these are new listings, up by 4 units versus November 2006 and up by 19 units year to date. Closed sales were down by 14 units month over month and 108 units year to date. Percentage of list price received at closing was .6% for the month and is at 95.7% year to date. Average days on the market before sale was 135 for houses closed during November. Also of note is that average sales price has dropped by 5.5% for the year.
These factors don't tell us anything new. Champlin appreciated at unsustainable levels several years and had to correct sometime. I see Champlin real estate as an excellent option coming in to 2008. Anoka Hennepin school district 11 is very highly regarded, Champlin offers great proximity to downtown Minneapolis, and there is a wide range of prices available.
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