
Closed sales held steady in Oakdale in 2011 but the amount of new homes listed dropped by a staggering 23%. The average closed sales price was down 13% and the average price per square footage at $83/sq ft, is one of the lowest in the north and east suburban area. This is another area where there were an abundance of lender mediated and foreclosures. The market reflects these properties working their way out of this central Washington County suburb just east of St. Paul. Market time is pretty stable taking 128 days to sell on average over 127 in 2010. This is not all bad news as with new listings way down and sales continuing at a steady pace, prices could begin to stabilize in 2012 as the market becomes more balanced between buyers and sellers. Buyers looking to take advantage of the lower prices and great affordability of Oakdale homes will need to make decisions quickly as the supply of listings could be limited especially in the lower level price ranges.
For additional details on the inventory levels in Oakdale 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.
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Copyright 2012 Teri Eckholm http://www.terieckholm.com/
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