Real Estate Blog for the North & East Twin Cities

There were just a few more closed sales in Chisago during 2009 over 2008 but the average sales price was down significantly for the second year in a row. New listings were down almost 21% over the previous year. Sellers are receiving just slightly less than they did in 2008 with as the accepted sales price ratio compared to list price ratio is down just a bit. At 89% it remains one of the lowest in the north and east metro communities I work in as many communities saw an improvement in this ratio this year. Market time is up significantly to well over 200 days. Buying a home in Chisago City could continue to be a very affordable option as there appears to be plenty of sellers still on the market and willing to negotiate on the list price of their properties.

Closed sales and average sales price were down significantly for Chisago real estate in 2008 compared to statistics in 2007. New listings were down more than in other areas but so is the accepted sales price ratio compared to list price. At just over 89% it is one of the lowest in the north and east metro communities I work in. Though the market time is up, it is not significantly more than in neighboring communities. Buying a home in Chisago City would be a very affordable option as the sellers in this community seem prepared to make deals.

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.

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

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