Surprisingly the average sales price in homes in Centerville dropped a bit in 2013 but after a huge gain in 2012, this is not to be concern to homeowners in this Anoka County community. The rest of the statistics tell a different and optimistic story for Centerville real estate. The price per square footage of Centerville homes is up from $99/sq ft in 2012 to $105/sq ft in 2013. Days on the market for homes in this community has dropped by over 38% so homes are taking roughly 3 months when the average was 5 months in the previous year. Area home sellers received closer to asking price for the second consecutive year as the percent received on asking price rose to 95.6% in 2013. New listings were up but closed sales were up even more so inventory levels remain low creating a bit of a seller’s market.
With inventory low and demand high, sellers will find 2014 a good year to list their Centerville homes. Existing home inventory levels are low for homes in this Anoka County community that is full of smaller homes and townhomes perfect for the first time home buyer. This area definitely has all the indications of turning into a seller’s market, where sellers have the negotiating advantage. With continued low interest rates, home buyers are still out their looking for the perfect place to call home despite record-breaking snowfalls. Home owners considering selling in 2014 hoping to get the most leverage from the improved market should consider listing their homes before the spring market hits and there is additional competition.
READY to Make a Move?
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