The rebounding market that positively affected much of the Twin Cities area in 2013 seems to have passed over Columbus, Minnesota, proving once again that all real estate is local. Closed sales were down along with the average sales price and listings were; not signs of a recovering market. There were 29 homes sold and 51 new listings in this semi-rural, Anoka County community, just west of Forest Lake. Columbus is well known for its acreage properties in addition to the Running Aces harness racing track. However, after two years of solid recovery, it might just indicate a leveling off of the market. The average price of a home dropped just a bit, under 2%, in 2013 compared to 2012. This did impact the average price per square footage which also went down slightly from $108 to $107/sq foot. Columbus sellers are still getting close to 94% of their original asking prices, which is good. But the average days on the market statistic ticked up again to just over four months taking 138 days to sell on average in 2013. It appears that buyers might find they have an edge in negotiation when considering acreage homes in Columbus as we enter the spring 2014 market.
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