Linwood real estate didn’t come to a standstill in 2011 but the number of sales did drop significantly in this northern Anoka County communities. There were nearly 34% less homes sold in Linwood last year. New listings were down nearly 35% as well which does help to balance the market. The average price of a Linwood home dropped over 13% to $142,536 but at $91/sq foot, home sales prices do seem inline with other north metro communities. Linwood is a more rural Anoka County community that featuring acreage and lakeshore properties. It is located just north of Columbus and south of Stacy. Market time dropped for the fourth year in a row to an average 154 days on the market for a home to sell. Linwood’s home sellers were seeing offers come in a bit lower in 2011and were receiving an average of 90.7% of list price compared to 93% in 2010. While it does seem a bit low, the percent of list price received is similar to many other commuities in the north metro so Linwood is showing continued signs of a slow but steady recovery.
For additional details on home sales in Linwood MN at the end of 2011, Click HERE.
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 FREE 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..JPG)
Buying a Home? Check out my HOME BUYER'S BLOG!
Copyright 2012 Teri Eckholm http://www.terieckholm.com/
******************************************************************************************************
LIKE MY BLOG? Subscribe, Follow or Like...It's your choice!
Last week as I drove a car full of teenagers to go skiing at Trollhaugen through Lindstrom and Center City, my son mentioned our excursions to get photos of unique giant hometown art. We were passing the giant hotdog and miniature statue of liberty (small compared to NYC standards anyway) in Lindstrom, when the subject came up. As we drove past the Lindstrom teapot water tower, his friend mentioned how the giant chef outside of Linwood Pizza always cracks him up as they drive by. My son told his friend about my photo blogs and I said the pizza man was going uup as soon as I had time.
This mid-year update for Linwood real estate reflects the sluggish market with many existing home listings and a longer than average days on market (DOM). Though existing home inventory is high in all price ranges, homes are selling better in the lower price ranges. There were very few homes sold in prices above the $300,000 price in Linwood. Homes in Linwood are staying on an average of 148 days. This statistic looks promising but few homeowners in Linwood are selling high priced homes. For reference to other areas in the northeast Twin Cities metro, Ham Lake has a cumulative days-on-market statistic of 208 days; Lino Lakes is173 DOM and Forest Lake is 168 DOM.