Shoreview MN | 2018 Housing Market and Real Estate Sales Statistics

By
Real Estate Agent with Boardman Realty Minnesota License#90858

 

 



In the centrally located Ramsey County community of Shoreview, MN new listings were down just slightly in 2017. This comes as no surprise because housing inventory is sparse across the greater Minneapolis/St Paul metro. New listings were down just 1.7% from the previous year. This likewise, caused a drop in closed sales (down by roughly 2.4% compared to 2016). This lack of housing inventory drove prices up significantly. The average sales priced skyrocketed to $281,106 up nearly 13%. The average price per square foot rose considerably too. Shoreview homes sold at an average $141 per square foot in 2017. It doesn’t take long for the sold signs to be posted in Shoreview either. A home stays on the market for an average of 45 days. This is down over 16% from the previous year. And home sellers are getting their list price too. Homes sold at 98.6% of asking price. 

As we edge closer to the 2018 spring market, it doesn’t appear the demand for Shoreview homes will slow or that inventory will rise. With the low number of Shoreview homes for sale and strong buyer demand, it is a seller’s market in Shoreview. This is where the seller has the negotiating advantage and it is a great time to consider selling a home. If you are looking to buy in Shoreview this spring, be prepared to look and possibly write an offers as soon as the perfect home comes on the market. But be ready with a strategy to make your offer very appealing. There will no doubt be multiple offers on affordable homes this spring. 

 

Need more information on the Shoreview housing and real estate market?  Message Me on Facebook

SEARCH for Shoreview Homes

What is my Shoreview Home Worth?



READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side.
 
Copyright 2018 terieckholm.com
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

 

******************************************************************************************************

LIKE MY BLOG? Subscribe, Follow or Like...It's your choice!

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Minnesota Ramsey County Shoreview
Groups:
Posts to Localism
Internet Empowered Consumer
Tags:
shoreview mn realtor
shoreview mn real estate statistics
statistical snapshot of homes sold in shoreview mn
2018 real estate market in shoreview mn
selling a shoreview mn home

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
720,487

Teri Eckholm

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

Additional Information