Minot Real Estate Market Report week ending 08/11/2018

By
Services for Real Estate Pros with Ward County Notary Services

Minot Real Estate Today

08/11/2018

This week there were 4 homes sold (closed) in this very narrow category of stick built, single family homes located in the City limits of Minot. A look at the Red chart below shows there were 12 closings overall to include all properties in our MLS. Of the homes that closed this week the average days on market was 63 compared to last weeks 97 days. Over all homes sold faster and for slightly more money per square foot this week.

 Minot Real Estate activity August 2018

The chart above is the total MLS activity for the week. This includes ALL types of properties as well as all cities in our MLS. The chart below is very restrictive as explained below.

Minot homes for sale

Be sure to note the line above as this is a very restrictive report. There were 4 homes sold in this limited category. The most expensive home sold for $226,000. and it was on the market for 75 days. The least expensive home sold for $52,500. and it was on the market for 61 days.  Average days on market for the 4 homes sold was 63 days. Of the homes sold the average price per square foot (total square footage) was $100.79 (compared to $96.85 last week).

 

Posted by

WARD COUNTY NOTARY SERVICES

ROBERT L. TIMM, OWNER

201 Main Street South, Suite 116

 Minot North Dakota 58701

Bob Timm,  Facebook

Call or text 701-720-8513

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Rainmaker
3,346,653
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Saturday Bob, Good to see you market report on Saturdays, amaze at the expires in your market.

 

Aug 11, 2018 07:36 AM #1
Rainmaker
1,705,800
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Our market has been much slower than I expected Will Hamm and I know several Sellers are pulling theirs off the market with plans to relist next Feb/March to test the market then. I am also being honest in saying a good percentage of those exireds are mine due to my retirement... I expect them to be listed again next week with a new agent.

Aug 11, 2018 09:14 AM #2
Rainmaker
1,433,495
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Hi Bob,
I always find "expired" numbers very telling.  Thanks for the report.

Aug 11, 2018 11:26 AM #3
Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

The expireds give you lots of new opportunities. Maybe they want a really good agent this time.

Aug 11, 2018 07:06 PM #4
Rainmaker
1,705,800
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I'm blushing Debbie Reynolds .

Aug 11, 2018 07:34 PM #5
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Rainmaker
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Bob "RealMan" Timm

Owner of Ward Co. Notary Services, retired Realtor
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