The figures are in for St. Louis Park real estate activity for November, 2006. New listings were down by 19 units for the month and 5 units for the year. Closed sales were off by 6 units for the month and 124 units for the year. Average sale price came in at $262,079 for November 2007, down from $272,796 in November 2006. Average sales price for the year stand at $254,749, up $1,560 over last year. Percentage of list price received at sale stands at 95.4% for the year, down from 97.2% last year. Average days on the market until sale, as of November end, is 93.
These figures represent relative strength when compared to other areas. St. Louis Park remains one of the most stable areas of the twin cities metro. The two most noticeable numbers are the average sale price and the days on the market. Very few Minnesota real estate communities are showing a year to date increase in average sales price as the overall market is correcting. The average days on the market figure is very impressive, many very attractive areas are over 120 days until sale. St. Louis Park real estate still offers excellent value for people buying and selling for the right reasons.
For more information on St. Louis Park real estate or Hennepin County real estate...
Tim Ross * Re/Max Associates Plus * Cell: 612-598-9295 *e-mail: tim@rosshometeam.com * Blog: www.activerain.com/coachboom
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