Lino Lakes MN | 2018 Housing Market and Sales Statistics

Real Estate Agent with Boardman Realty Minnesota License#90858

As in many other north and east Twin Cities metro communities, Lino Lakes has had a slight drop in the amount of closed sales in 2017. This is usually due to a lack of housing inventory as there has been a noticeable shortage of homes for sale across the Minneapolis/St Paul metro. However in Lino Lakes, new listings were up rather than down this past year. This anomaly is most likely attributed to the significant amount of new construction in this eastern Anoka County community. 

This reflects in the increased average home sales price in which rose by a healthy 6.2% in 2017 to $313,829. Likewise, the average price per square footage also jumped 6.7% to $141/sq foot from an average of $131/sq foot in 2016. On average, it took approximately 2 months to sell a Lino Lakes, Minnesota home in 2017 and with over 500 sales, the housing market is strong in this Anoka County community. Even with the additional inventory, it appears to be a seller’s market as sellers received on average 98.2% of their asking price. 

As we head into the spring market in Lino Lakes, home sellers need to be conscious of how their home compares to new construction in size, ascetics and price. This can present a challenge to selling quickly if not addressed properly when at the time of listing. Home buyers hoping to find their Lino Lakes dream home must be understand that while builders do not often negotiate on prices, sellers of existing homes might. Working with a professional real estate agent is the biggest asset whether buying or sellingto negotiate the best outcome. 

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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.

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Teri Eckholm

REALTOR Serving Mpls/St Paul North & East Metro
Looking to buy or sell in the Twin Cities? Contact Me Today!
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