Real Estate Blog for the North & East Twin Cities

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Snapshot of 2009 Year End Ham Lake, MN Market Statistics

Snapshot of Ham Lake MN by Teri Eckholm Realtor

This past year homes sold in higher numbers but at lower prices in Ham Lake, Minnesota a community synonymous with acreage properties. In this eastern Anoka County city home sales were up a whopping 36.8% in 2009. No doubt the first time home buyer credit got things moving after 2 years of lackluster sales activity. New listings were down pretty significantly at 12.7% less than in the previous year showing progressive movement toward a balanced market. The average days on the market dropped a few days to just below from 184 to 176, which is not significant. The average price of a home sold did drop quite a bit again this year. It is 15.8% lower than in 2008, combine that with an 11.7% drop in 2007, Ham Lake values have decreased over 25% in two years. Sellers need to be aware that buyers are looking for and buying acreage homes but don’t want to pay 2003-2007 prices.

Looking for a breakdown of Ham Lake 2009 home sales by price point? CLICK HERE for Detailed Ham Lake StatisticsReal Estate Statistics for Ham Lake MN by Teri Eckholm Realtor

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, Homebuyers Success Packet or sign up for Listingbook Twin Cities Home Search. 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 2010 Teri Eckholm http://www.terieckholm.com/

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2 comments • Teri Eckholm, REALTOR® Anoka County Acreage & Lakeshore Homes • January 14 2010 09:28AM

Comments

Teri  It is surprising that with inventory down prices are as well - that has got to change soon I would think

Posted by Karen Kruschka - Prince William, Fairfax ,Stafford County VA Real Estate Service (RE/MAX Olympic Realty) 6 months ago

Karen--I would hope so too...maybe now more traditional sellers will get their homes sold so some of the upper bracket homes could go. This past year it was pretty much homes under $200K selling while the median home value in the area is much higher...but very few homes over $400K sold so there was nothing to balance the market value.

Posted by Teri Eckholm, REALTOR® Anoka County Acreage & Lakeshore Homes (REMAX Specialists) 6 months ago

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