Lindstrom, MN--Year End Real Estate Market Statistics for 2007

By
Real Estate Agent with Boardman Realty Minnesota License#90858

Lindstrom is known throughout Minnesota as America's little Sweden. Lindstrom was first settled by Daniel Lindstrom who left Sweden for America in 1853. A statue of Karl and Kristina Oskar, the fictitious characters that symbolize Swedish peasants who migrated to America over one hundred years ago, is a focal point for visitors to the Lindstrom community. Lindstrom is one of four cities that comprwatertowerise the Chisago Lakes Area. The area is named after an Indian phrase, "Ki Chi Saga," which means "fair & lovely waters." Swedish immigrants referred to it as, "The Big Lake," as many of today's area lakes comprised one large lake.

Currently real estate in Lindstrom, MN in Chisago County is selling slowly. Being a bit east of the main metro area, it is often overlooked by home buyers as too far out. With the recent Highway 8 improvements and the brand new Park and Ride in Forest Lake, Lindstrom is worth a second look. As homes linger on the market in this area, sellers are negotiating and relisted properties are coming in at lower asking prices. There are great prices on new construction, nearly new homes and lakeshore properties throughout the community of Lindstrom.

In other Twin Cities counties, inventory levels are sitting at about 4-6 months but Lindstrom levels are a bit higher. Homes under $200,000 are in the best position to sell in Lindstrom as there is currently only 8 months of inventory on the market based on last years sales. Inventory levels are a bit higher than demand in the $200,000-$300,000 price range with just over a years worth of inventory. In the over $300,000 price range, it will take over three years to sell all of the currently listed homes if sales continue at this slower pace.
Lakeshore opportunities are abundant in Lindstrom! The combination of an amazing inventory of 22 lakeshore homes on 8 different lakes, long market times, and low interest rates, creates the perfect situation as sellers should be ready to negotiate an acceptable deal for the sale of your piece of shoreline!

2007 Year End Lindstrom residential real estate statistics for single family homes:

Under $200,000~ 21 Active Listings, 4 Pending Listings, 31 Sold Listings, 140 DOM (Lakeshore Subgroup ~ 1 Active, 0 Pending, 0 Sold)

$200,000-$300,000 ~ 32 Active Listings, 2 Pending Listings, 28 Sold Listings, 182 DOM (Lakeshore Subgroup ~ 4 Active, 0 Pending, 4 Sold)

$300,000-$400,000 ~ 21 Active Listings, 1 Pending Listings, 7 Sold Listing, 162 DOM (Lakeshore Subgroup ~ 6 Active, 0 Pending, 3 Sold)

$400,000 and Up~ 13 Active Listings, 0 Pending Listings, 4 Sold Listings 279 DOM (Lakeshore Subgroup ~ 11 Active, 0 Pending, 3 Sold)

Lakeshore available in the Lindstrom, MN
22 Active Listings

Lindstrom lakeshore price range: $169,900-$747,777

4 Homes on Kroon Lake
1 Home on NEDS Environmental Lakeshore
3 Homes on North Center Lake
4 Homes on North Lindstrom Lake
7 Homes on South Center Lake
1 Home on South Lindstrom Lake
1 Home on Spider Lake
1 Home on Vibo Lake

**All SOLD Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/07 through 12/31/07. Current pending and active listings statistics as of 3/4/08.

 


Articles on Lakeshore and Minnesota that might be of interest:

 

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If you are buying, selling or relocating to Minnesota and need help from a professional Realtor, give me a call or visit my website for a FREE Relocation Packet. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

Posted by

Teri Eckholm. REALTOR with Boardman Realty, is a native Minnesotan who has lived and worked in the Minneapolis St Paul metro all of her life. She specializes in lakeshore homes, acreage properties and first time home buyers but assists anyone making a move in the north and east Twin Cities metro.

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give Teri , a call or visit her website for a FREE Home Buyer Success Guide or FREE Home Value Report She specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

Copyright 2019 terieckholm.com

 

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Rainmaker
210,106
Marzena Melby
Coldwell Banker Burnet Realty - Richfield, MN
Realtor, Twin Cities Minnesota Real Estate

Teri - Lindstrom is a very nice community.  Your featured listing is well priced. It should sell fast!

Very informative post.

Mar 06, 2008 03:07 AM #1
Rainmaker
92,270
Lynn Johnson
Coldwell Banker Home Connection - Owatonna, MN
Owatonna, MN Real Estate
Teri - Boy, I'm really surprised by the availability of lakeshore properties.  I'll certainly keep that in mind for anyone that I know of in our area who might be interested in a lake home.  Lindstrom is such a quaint community, and is a nice drive from here, rather than the 5 hour hike to more northern destinations.  Thanks for the update.
Mar 06, 2008 04:28 AM #2
Rainmaker
2,843,286
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher
Teri, That's interesting, I would have never known there was a "Little Sweden" --  It looks like a wonderful area to live in.
Mar 06, 2008 09:28 AM #3
Rainmaker
552,739
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Teri,

This water tower is a real hoot! It's so MN, right? Glad to hear things are selling!

Mar 06, 2008 09:41 AM #4
Rainmaker
643,395
Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro
Teri, There's that cute little (well big) teacup again.  Lindstrom sounds like a nice town.  There is a little town like that in Kansas.  We had some friends named Ludgren; (obviously they were swedish) that were from that town. 
Mar 06, 2008 12:14 PM #5
Rainer
98,203
Danny Smith
DISCOVER TEXAS HOMES - Round Rock, TX
Teri, there's nothing like a little town! That's a great water tower...I like those too. We have one here in Round Rock that's probably as old as the one you have pictured.
Mar 06, 2008 04:47 PM #6
Rainmaker
135,495
Jennifer Kirby
Kirby Fine Homes - Minneapolis, MN
The Luxury Agent
Love the kettle photo...that is one great way to make a statement with your water tower!
Mar 07, 2008 01:37 PM #7
Rainmaker
720,712
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro
Marzena--Thank you! It is not too far east of the Twin Cities for a commute! Amazing deals on homes in this market!
Mar 08, 2008 06:01 AM #8
Rainmaker
720,712
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro
Lynn--Isn't it amazing? A few years ago, there was no lakeshore properties to be found! Now there is quite a good selection and at all price points!
Mar 08, 2008 06:03 AM #9
Rainmaker
720,712
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro
Carole--The whole area was settled by Swedish Immigrants...most of Minnesota was in fact...The things you learn on a blog, eh?
Mar 08, 2008 06:04 AM #10
Rainmaker
720,712
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro
Lynda--Lindstrom is a great community...Things are slower on the outskirts of the cities but are starting to move.
Mar 08, 2008 06:06 AM #11
Rainmaker
720,712
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro
Marchel--More than one little Sweden? Interesting. There are lots of Swedish influences in MN...Lots of blondes with blue eyes too! Of course everything has become more diverse in the past century but many of the original settlers descendants did stay in the state...probably frozen in place...heehee! :)
Mar 08, 2008 06:11 AM #12
Rainmaker
720,712
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro
Danny--This one is no longer in use but it is quite the icon of the area so they keep it in the downtown for the tourist appeal.
Mar 08, 2008 06:14 AM #13
Rainmaker
720,712
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Jennifer--Lindstrom is just one of those special places to live...Makes you feel at home from the moment you drive into town!

Mar 08, 2008 06:18 AM #14
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Teri Eckholm

REALTOR Serving Mpls/St Paul North & East Metro
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