Blaine MN 2008 Year End Real Estate Statistics, Updated Information for 55434 55449

2008 Year End Housing Statistics - Blaine, MN 

Mean Vs Average: What's The Difference?

2008 Blaine MN
Total Sales = 768
Average Price = $195,000
Median Price = $227,523

December 2008 summary and Year End Totals

The city of Blaine has experienced many big changes this year.  The overpass at Highway 242 and Highway 65 is finished and they are now stared on two of the other overpasses that are going in to ease traffic congestion on Highway 65.  Our new construction has slowed down, but it has not come to a complete stop, thank goodness.  New developments continue to add to the inventory in Blaine.

Looking forward to 2009:

Single Family Homes:
There are currently 297 single family homes listed for sale on the MLS (today 1-7-09) in Blaine.  In 2008, a total of 508 single family homes were sold.  Based on the rate of sales in November and December of 2008, it would take 7.71 months to sell the current inventory of single family homes (and that's not counting any new listings that come onto the market).

Of the 493 homes that were competitively sold on the MLS in Blaine in 2008, the average list price was $261,530 and the average sale price was $254,405 (97.3% of list).  The average days on market was 78.6 with the cumulative days on market 151.6.  The cumulative days on market includes all days within a calendar year that the home was listed on the MLS even it was listed by different agents and/or companies.  The average price per square foot was $116.55 and the average finished size was 2,184 square feet. 

Townhomes, Condos, and Twin Homes:
When you consider townhomes, condos, and twin homes - that adds another 135 units to the inventory.  In 2008, a total of 266 units closed were sold.  Based on the rate of sales in November and December of 2008, it would take 8.18 months to sell the current inventory (and that's not counting any new listings that come onto the market). 

Of the 262 units that were competitively sold on the MLS in Blaine in 2008, the average list price was $176,419 and the average sale price was $172,080 (97.5% of list).  The average days on market was 91.9 with the cumulative days on market 161.2.  The cumulative days on market includes all days within a calendar year that the home was listed on the MLS even it was listed by different agents and/or companies.  The average price per square foot was $106.28 and the average finished size was 1,619 square feet.

New construction homes in Blaine are very reasonable.  The builders have had to compete with the inventory of existing homes and this makes Blaine very affordable for new construction.

Handy Blaine Area Links:

Anoka Hennepin District #11
Centennial District #12
Spring Lake Park District #16
National Sports Center
Tournament Players Club golf course

Anoka County Library Northtown     763-717-3267
Johnsville Branch Library                763-767-3853

Blaine Utilities:
Electricity          Connexus Energy         763-323-2719
Electricity          Xcel Energy                 800-895-4999
Natural Gas      CenterPoint Energy       800-269-1114
Wastewater      Blaine Public Services    763-785-6123
Water              Blaine Public Utilities     763-784-6700

Public Safety emergency resources                           1-800-422-0798 or metro 651-649-5451
Federal Emergency Management Agency                   Region V FEMA 312-408-5500
Small Business Administration Disaster Resources      Disaster Area Offices 404-347-3771

Additional Commercial Transportation Providers

Participating member of the *National Real Estate Stimulus Program*
Buyers: Receive a CASH BONUS of 2% of the sale price up to a maximum of $10,000.00 after closing when you purchase a home with Patti Ann Kasper.
Sellers: Your home SOLD in 39 days or less GUARANTEED, or I'll pay you up to $10,000 after closing!
That's right, a tax free cashiers check is mailed after closing, upon receipt of proof of purchase, and verification of identity.  Could you or someone you know do something with that?  If you are thinking of buying or selling a home, call Patti Ann Kasper to find out how you can receive your own National Real Estate Stimulus Program CASH BONUS!

For more information about my services, guarantees, or how I can help you find your next home, sell your home, buy a business or investment property.  Just call Patti Ann Kasper today at 763-548-1418!

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Patti Ann Kasper, Your Minnesota, North Metro Twin Cities, and Lino Lakes Real Estate Expert!  Associates of Science Degree in Geographic Information Systems and Cartography from Anoka Ramsey Community College in Coon Rapids, Minnesota.
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