Real Estate Blog for the North & East Twin Cities

Coon Rapids, Minnesota homes are sold faster in 2009 than 2008 and more homes were sold too! New listings were down by almost 15% which is a sign that this Anoka County Community is moving closer to a more balanced market. The average sales price did dropped again by over 16% so affordability was evident in Coon Rapids in 2009 but with the lower inventory levels, we could see the average sales price start to level off in 2010. The ratio of original price to received price is down is starting to edge up in Coon Rapids which is good news for those considering selling in 2010.

Coon Rapids homes are selling a little slower this year than last but the total number of homes sold has remained about the same. There has been a good drop in new listings which helps to keep inventory levels down. The average sales price dropped by just under 15% so affordability is evident in Coon Rapids. The drop in the ratio of original price to received price is down which shows that sellers are negotiating. Though homes sold almost three weeks faster in 2007 than in 2008, the overall time on the market is still in line with neighboring communities.

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/

******************************************************************************************************

Subscribe to Teri's Notes & Anecdotes on Twin Cities Real Estate by Email

In spite of the real estate slow down Coon Rapids continues to evolve as it has for over 150 years. It has changed from the community's humble beginnings of a dirt road farm community to the 9th largest city and 5th largest suburb in the state of Minnesota. The affects of the real estate market change on Coon Rapids is tempered by its convenient location to downtown Minneapolis and its easy access to Interstate 35, Hwy 65 and Hwy 47/10 for a commute to a lakeside cabin. Coon Rapids is a community with something for everyone: encompassing 23 square miles it boasts several neighborhood and regional parks, indoor and outdoor ice skating rinks, softball and baseball fields, tennis courts, hiking and biking trails, swimming pools, a golf course, and two major regional shopping developments.

Like its neighbors Blaine and Andover, the residential real estate construction boom in Coon Rapids during the past decade has slowed but not stopped making new and existing home purchase opportunities very affordable. Conveniently between Anoka and Blaine, it is connected by Highway 10 just north of the Twin Cities, Coon Rapids is an attractive location for both business and residential development. The entire community of Coon Rapids is served by one school district; Anoka Hennepin District #11.

Real estate in Coon Rapids, MN in Anoka County is affordable and selling-though admittedly at a slower pace than most sellers would like. In the first six months of 2008, numbers show single family homes are staying on the market an average of 143 cumulative days or just under 5 months. But when broken down to single family homes versus townhomes/ condos, the single family homes have a 127 average CDOM while townhomes/condos are taking nearly two months longer with a 180 CDOM.

Cumulatively inventory levels of single family homes in Coon Rapids are selling in a reasonable timeframe and approximately 9-10 months of inventory. Inventory levels for homes under $200,000 are a much more manageable 7 months. While the total town homes and condos in all price ranges are struggling high inventory levels that won't sell out for 18 months if no more properties are listed.

As Coon Rapids' real estate is for the most part moderately priced, it should adjust to the changed market relatively quickly but its significant condo/townhome market will take time to recover as it continues to compete with new townhome developments in the neighboring communities such as Blaine.

1st Quarter Coon Rapids residential real estate statistics for single family homes:

Under $200,000~ 160 Active Listings, 15 Pending Listings, 131 Sold Listings, CDOM 115

$200,000-$300,000 ~ 126 Active Listings, 6 Pending Listings, 59 Sold Listings, CDOM 132

$300,000-$400,000 ~ 31 Active Listings, 1 Pending Listings, 15 Sold Listings, CDOM 210

$400,000 and up ~ 14 Active Listings, 0 Pending Listings, 3 Sold Listings, CDOM 190

1st Quarter Coon Rapids residential real estate statistics for townhomes and condos:

Under $200,000~ 207 Active Listings, 15 Pending Listings, 82 Sold Listings, CDOM 170

$200,000-$300,000 ~ 33 Active Listings, 2 Pending Listings, 7 Sold Listings, CDOM 296

$300,000-$400,000 ~, 6 Active Listings, 0 Pending Listings, 0 Sold Listings, CDOM N/A

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/08 through 6/30/08.

Other Real Estate Articles that might be of interest:

· Does "Minnesota Nice" Affect the Real Estate Market? "Yah, You Betcha!"
· 5 GREAT Reasons Minnesota Townhomes Make an Easy Transition from Apartment Life!
· First Time Home Buyer in Anoka County, MN? Low Interest Loans Available!
· Is NOW the Time to Consider a Minnesota Townhome? You Betcha!
· Forest Lake, MN Real Estate Market Statistics Mid Year 2008
· Ham Lake, MN Real Estate Market Statistics Mid Year 2008
· Wyoming, MN Real Estate Market Statistics Mid Year 2008


For additional information on any current Coon Rapids real estate listing or for additional information on buying a home in Coon Rapids contact Teri Eckholm directly at 651-336-7073.

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. 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.

Copyright 2008 Teri Eckholm  http://www.terieckholm.com/

In spite of the real estate slow down Coon Rapids continues to evolve as it has for over 150 years. It has changed from the community's humble beginnings of a dirt road farm community to the 9th largest city and 5th largest suburb in the state of Minnesota. The affects of the real estate market change on Coon Rapids is tempered by its convenient location to downtown Minneapolis and its easy access to Interstate 35, Hwy 65 and Hwy 47/10 for a commute to a lakeside cabin. Coon Rapids is a community with something for everyone: encompassing 23 square miles it boasts several neighborhood and regional parks, indoor and outdoor ice skating rinks, softball and baseball fields, tennis courts, hiking and biking trails, swimming pools, a golf course, and two major regional shopping developments.

Like its neighbors Blaine and Andover, the residential real estate construction boom in Coon Rapids during the past decade has slowed but not stopped making new and existing home purchase opportunities very affordable. Conveniently between Anoka and Blaine, it is connected by Highway 10 just north of the Twin Cities, Coon Rapids is an attractive location for both business and residential development. The entire community of Coon Rapids is served by one school district; Anoka Hennepin District #11.

Real estate in Coon Rapids, MN in Anoka County is affordable and selling-though admittedly at a slower pace than most sellers would like. In the first five months of 2008 numbers show single family homes are staying on the market an average of 148 cumulative days. This is very similar to the neighboring community of Blaine with an average of 150 CDOM for the first quarter.

But when broken down to single family homes versus townhomes/ condos, the single family homes have a 132 average CDOM while townhomes/condos are selling nearly a month slower with a 168 CDOM. In Blaine, condos/townhomes were selling faster than their higher priced single family homes. This could be do to builder incentives on the abundance of new construction properties in Blaine and the many executive homes that are asking well over $500,000. There are extremely high priced homes in Coon Rapids and few new construction townhomes.

Like Blaine, the cumulative days on market numbers for Coon Rapids is better than in other areas of the north metro like Forest Lake, Lino Lakes and Ham Lake where homes have a cumulative days-on-market rate (CDOM) of well over 200 days. (Links to statistical reports for these communities are listed below.)

Inventory levels of single family homes under $200,000 in Coon Rapids have remain quite manageable with approximately 6-7 months of inventory. Town homes and condos are going quite a bit slower; with nearly 18 months of inventory. As Coon Rapids' real estate is for the most part moderately priced, it should adjust to the changed market relatively quickly but it's significant condo/townhome market will take time to recover as it will have to compete with new townhome developments in the neighboring community of Blaine.

Jan-May 2008 Coon Rapids residential real estate statistics for single family homes:

Under $200,000~ 137Active Listings, 26 Pending Listings, 102 Sold Listings, CDOM 124

$200,000-$300,000~ 130 Active Listings, 10 Pending Listings, 43 Sold Listings, CDOM 134

$300,000-$400,000~ 30 Active Listings, 2 Pending Listings, 11 Sold Listings, CDOM 185

$400,000 and up~ 13 Active Listings, 2 Pending Listings, 1 Sold Listings, CDOM 233


Jan-May 2008 Coon Rapids residential real estate statistics for townhomes and condos:

Under $200,000~ 228 Active Listings, 12 Pending Listings, 73 Sold Listings, CDOM 166

$200,000-$300,000~ 36 Active Listings, 1 Pending Listings, 6 Sold Listings, CDOM 340

$300,000-$400,000~ 9 Active Listings, 0 Pending Listings, 0Sold Listings, CDOM N/A

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/08 through 5/31/08.

Featured Townhome Listing in Anoka County (pictured above)

601 86th Lane NW, Coon Rapids, MN


For additional information on this home or any current Coon Rapids real estate listing contact Teri Eckholm directly at 651-336-7073.


Other Real Estate Articles that might be of interest:

· Does "Minnesota Nice" Affect the Real Estate Market? "Yah, You Betcha!"
· Understanding Risk of Loss-How Severe Weather Affects Real Estate
· First Time Home Buyer in Anoka County, MN? Low Interest Loans Available!
· Lino Lakes, MN Real Estate Market Statistics 1st Quarter 2008
· Forest Lake, MN Real Estate Market Statistics 1st Quarter 2008
· Ham Lake, MN Real Estate Market Statistics 1st Quarter 2008
· Blaine, MN Real Estate Market Statistics 1st Quarter 2008

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. 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.

Copyright 2008 Teri Eckholm  http://www.terieckholm.com/

Welcome to 86^th Lane NW, Coon Rapids!

Meticulously maintained one owner townhome!

*One level living...Master Bedroom, Full Bath and Laundry on Main Level!

*Beautiful maintained home shows like a model!

*Almost new kitchen features an eat-in breakfast bar.

*Beautifully maintained! Everything from the custom oak cabinets to the appliances looks brand-new!

*Huge foyer allows guests and family to enter home without the crowded feeling. Huge entry closet is convenient from garage or front entry.

*Soaring vaulted ceiling in open kitchen, dining, living room area gives a feeling of space to the home.

*Beautiful brick enhances the gas fireplace becoming a focal point of the living room.

*Private deck off living area for summer fun and BBQ's

*Plenty of room for fun or entertainment in the lower level family room. Note the neutral colors and Berber carpeting.

*In the lower level there is another huge bedroom...almost as big as the master bedroom. It also features a walk through to a full bath.

*Development allows two pets...either cats or dogs.

*A reasonable HOA fee at $125 per month.

*Conveniently located just west of Northtown Shopping Center...Close to shopping, schools and EVERYTHING!

Contact Teri Eckholm/Keller Williams Premier Realty at 651-336-7073.

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 2008 Teri Eckholm  http://www.terieckholm.com/