Here is what is happening in the city of Ramsey, MN real estate market:
Currently there are 302 single family homes on the market with 123 of those being under $200K and 96 of those being townhouses. Right now there are 46 pending sales with 30 of those being on homes under $200K... 22 of those are from townhouses. There have been 28 closed transactions in the last month with 13 being under 200K and 10 of those being townhouses.
Right now the townhomes have started to turn over. The ones that are selling are the bank owned homes and the new construction discounted townhomes. Once the price gets down they don't sit around long. Again sale remain slow above the $200K price point. Many of those sales are discounted bank owned homes. There are a lot of great deals on new or newer construction homes in Ramsey! Get out there and buy!
Chuck Carstensen is a Realtor with The Discovery Team at RE/MAX; helping buyers, sellers, and investors of residential real estate in Isanti, Anoka, Sherburne and Wright County. He is a speaker and co-author in the best selling book series Wake Up...Live the Life You Love: Your Wake Up Moments (available soon). Carstensen is also a personal development mentor with Success University...where he helps people discover how to be more successful in business, life and health.