Real Estate Blog for the North & East Twin Cities

The average sales price in homes in Centerville, saw a considerable swing upward in 2012. After a roughly 14% drop in average home prices in 2011, the Centerville real estate market rebounded with a  27.5% increase in average price during the past year. Quite a rebound as in 2009, the average sales price was $247, 690 for the area and now is at $224,320. That’s an amazing rebound and this north metro Anoka County community appears to be poised for recovery. Other statistics tell a similar story as the price per square footage of Centerville homes is up from $88/sq ft to $99/sq ft in 2012. Days on the market is a tad higher but only by a few days. It is taking an average of 5 months to sell a Centerville home. Area home sellers received closer to asking price than in the previous year as the percent received on asking price rose to 94.8% in 2012. New listings were down and closed sales were up for the second consecutive year so inventory levels are low creating a bit of a seller’s market. With continued low interest rates, Centerville home owners wanting to move may find 2013 a perfect opportunity to get the most from their investment.