Real Estate Blog for the North & East Twin Cities

The average sales price in homes in Centerville, continued to trend down in 2011. After a 23% in 2010, the average price dropped another 14% in 2011 to $154,600. This equates to nearly $100K drop in average sales price for this little community located just north of St. Paul. In 2009, the average sales price was $247, 690. That’s a tremendous drop. Other statistics tell a similar story as the price per square footage of Centerville homes are now $88/sq ft compared to $101 in 2010. Days on the market did decrease; it is taking an average of 5 months to sell a home in this Anoka County community. Centerville home sellers are received a bit less than the previous year as the percent received on asking price dropped to 88.9% in 2011. New listings were down but closed sales were up so inventory levels are probably a bit more balanced. With continued lower prices, Centerville has become a very affordable place to call home in the northern Twin Cities metro.

For additional details on the inventory levels in Centerville MN at the end of 2011, Click HERE.

Centerville, Minnesota came through 2009 without a big change in average sales price. Days on the market are up a bit but still in line with surrounding Anoka County communities. Centerville home sellers are not being hit as hard in the negotiations as indicated by the ratio of original price to sold price going back above 90% in 2009. That is good news for sellers as is new listings being down a bit means less competition. However, Centerville remains an affordable place to call home.

The number of new listings is down in significantly in Centerville, Minnesota and surprisingly so it the average days on the market. Homes sold almost three weeks faster in 2008 than in 2007. Centerville home sellers are negotiating on prices as indicated by the ratio of original price to sold price being down under 90%. That is good news for buyers as combined with the average sales price being down a bit too, Centerville is looking like a very affordable place to call home!

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet or Homebuyers Success Packet. I 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.

Buying a Home? Check out my new HOME BUYER'S BLOG!

Copyright 2009 Teri Eckholm  http://www.terieckholm.com/

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Centerville is a community truly at the center of it all-or at least at the center of Lino Lakes, Minnesota. Located just off 35 E in the Twin Cities northeast metro, Centerville is a small community surrounded by its big sister community. Head any direction, north, south, east or west from Centerville and you will be in the community of Lino Lakes.

Real estate in Centerville, MN in Anoka County is affordable and selling-though admittedly at a slower pace than most sellers would like. The third quarter numbers show area homes are staying on the market an average of 198 days. Looking at current inventory levels and the rate of sales for homes priced under $300,000, there is about 6-7 months of inventory as it stands today.

While homes under $300,000 have a manageable inventory level, similar to other areas of the Twin Cities, high end homes are selling at a slower pace. Four wonderful lakeshore homes are currently available in Centervillle and one is on acreage With such a great selection, this is a great opportunity to buy that lake home you have always dreamed of owning.

3^rd Quarter Centerville residential real estate statistics for single family homes:

Under $300,000 ~ 15 Active Listings, 1 Pending Listings, 6 Sold Listings

$300,000-$400,000 ~ 5 Active Listings, 0 Pending Listings, 2 Sold Listings

$400,000-$500,000 ~ 5 Active Listings, 1 Pending Listings, 0 Sold Listings

$500,000 and Up ~ 14 Active Listings, 1 Pending Listings, 1 Sold Listings

Lakeshore available in Centerville

4 Active Listings for Lakeshore in Centerville. Price range: $419,900-$649,900

• 3 Homes on Peltier Lake
• 1 Home on Centerville Lake

For additional information on any current Centerville real estate listings contact Teri Eckholm directly at 651-336-7073.

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 7/1/07 through 9/30/07.

Featured Listing in Centerville, Minnesota: 1988 Robin Lane N

Articles on Lakeshore and Minnesota that might be of interest:

• Does "Minnesota Nice" Affect the Real Estate Market? "Yah, You Betcha!"
• Dreaming of Life on MN Acreage?--What YOU Need to Know Before YOUR Move!
• Affordable Minnesota Lakeshore

If you are relocating to Minnesota, are looking for Homes for Sale in the north and east Twin Cities metro area and need help from a professional Realtor, give me a call or visit my website for a FREE Relocation Packet.  Acreage homes are my specialty! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

Copyright 2007 Teri Eckholm  http://www.terieckholm.com/