Real Estate Update - North Metro
Local Home Prices, time to sell and market demand indicators for Wyoming, Columbus, Blaine and Ramsey, MN are included in this north metro real estate housing market update.
55092 (Wyoming, Columbus, Linwood, East Bethel) See 55092 Map
THESE NUMBERS DO NOT INCLUDE NEW CONSTRUCTION OR DISTRESSED PROPERTIES.
- The median sale price in September for single family homes in 55092 is $235,000. Down from 243,900 in July.
- The price per square foot for listings in this area is $116. Down from the peak of $118 in July.
- Homes are averaging 12 showings before selling.
- Homes are selling on average for 99.5% of the current list price.
- The average days on the market in this area is 35.
- There were 30 homes for sale in September, only one down from 31 in July.
- The Months Supply (Inventory of homes for sale) is 3.5. In a balanced market, months supply average 2.7 This is a SELLERS MARKET (Graph below)
- NEW CONSTRUCTION in 55092 in September had four closed sales at an average sale price of 287,500. Selling at 102% of the list price.
- FORECLOSED PROPERTIES in 55092 in September had 23 closed sales at an average sale price of $157,175. Selling at 98.8% of the list price.
****************************************************
55303 (Ramsey, Anoka, Nowthen) See 55303 Map
THESE NUMBERS DO NOT INCLUDE NEW CONSTRUCTION OR DISTRESSED PROPERTIES.
- The median list price in September for single family homes in 55303 is $229,900. Up from 227,900 in July.
- The price per square foot for listings in this area is $112. Up from $109 in July.
- Homes are averaging 13 showings before selling.
- Homes are selling on average for 100% of the current list price.
- The average days on the market in this area is 31.
- There were 111 homes for sale in September, only two down from 113 in July.
- The Months Supply (Inventory of homes for sale) is 3.5. In a balanced market, months supply average 2.2. This is a SELLERS MARKET (Graph below)
- NEW CONSTRUCTION in 55303 in September had four closed sales at an average sale price of $307,945. Selling at 100% of the list price.
- FORECLOSED PROPERTIES in 55303 in September had 23 closed sales at an average sale price of $150,000. Selling at 98.8% of the list price.
Need an update for a different area? Want a HYPER LOCAL report for your neighborhood and price range? Call me directly for your free customized report or sign up for my exclusive Market Snapshot program.
Find Homes for Sale in the Twin Cities
Visit my website to search for homes in the Twin Cities or to be notified when twin cities homes come on the market.
To find out what you home is worth in the current market
As you can see from the graph below, we have seen steady listing price increases on home prices in the Twin Cities. We expect seasonal slowdown over the winter but still anticipate many motivated buyers and sellers making their moves before interest rates rise in December as noted by Elliott Eisenberg.
See Other Twin Cities Real Estate Report Summaries:
- October 2016, Twin Cities and North and East Suburban Market Update
- October 2016 Real Estate Market Update – National and Local
- September 2016, Twin Cities and national real estate update
- July 2016, Twin Cities and national real estate update
You may also like:
Action Item: Please Review Your Credit Report
New Home Construction Considerations
Let’s Connect Socially:
This real estate market data for the Twin Cities area and for the Wyoming,Columbus, Ramsey & surrounding local markets provided by Sarah Marrinan of Keller Williams Premier Realty North Suburban and Call Sarah First, Inc. WRITTEN PERMISSION REQUIRED TO QUOTE ANY PART OF THIS INFORMATION ON THE WEB OR OTHER MEDIA. The link to this page may be shared without written permission through social media channels.
