Real Estate Blog for the North & East Twin Cities

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Snapshot of 2009 Year End Forest Lake, MN Market Statistics

 Snapshot of Forest Lake MN by Teri Eckholm Realtor

The sold signs are going up faster on homes in the community of Forest Lake Minnesota in 2009 compared to 2008 but the amount they are getting for the homes is significantly less than previously. The average sales price of a home was down nearly 28% this past year for this north Washington County/east Anoka County community. One explanation; Frustrated sellers of high end lakeshore homes continue to wait for a sale as first time buyers scoop up deals on the lower end of the market in order to get the expiring tax credit. More closed sales means the inventory is down overall.

Looking for a breakdown of Forest Lake 2009 home sales by price point? CLICK HERE for Detailed Forest Lake Statistics
Real Estate Statistic Snapshot of Forest 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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8 comments • Teri Eckholm, REALTOR® Anoka County Acreage & Lakeshore Homes • January 14 2010 11:28AM

Comments

Teri, we are seeing the lower prices here too.
Posted by Gary Woltal - Associate Broker REALTOR® Dallas Ft. Worth (Keller Williams Realty) 6 months ago

Teri, I see many homes here still taking large reductions to get sold and a bunch of new forclosures. 

Posted by Carole Provenzale and Laura Cerrano Owner, Feng Shui Long Island & New York (Feng Shui Long Island & New York City/Feng Shui Manhattan ) 6 months ago

Hi Teri,

Well done and each to understand.

You know looking at this one and another one of your reports it's so similar in activity and percentages as ours in So Cal. The only thing I see that different is that we're a little fewer days on the market.

Posted by Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner, CRS,CRB,GRI,SRES, Brea, CA (Preferred Home Brokers) 6 months ago

Teri, looks like my information. Sales price keeps dropping, days on market is not getting that much better, and the high end homes are skewing the stats!

Posted by Andrea Swiedler - REALTOR - Greater New Milford CT, Litchfield County & More (Prudential Adams & Associates, REALTORS, New Milford CT) 6 months ago

Gary--Not surprising as that is where the buyers seem to be these days.

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

Carole--It is a cross the country phenomena for certain.

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

Lynda--Thank you! I'd bet one of the only differences is the average sales price as I am certain it is a bit higher in your area but there are significant similarities in markets across the US.

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

Andrea--So many high priced homes on the market but so few buyers in this category in so many markets across the US.

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

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