- 2009 Year End Snapshot of Andover, MN Home Sales Statistics
- 2009 Year End Snapshot of Blaine, MN Home Sales Statistics
- 2009 Year End Snapshot of Centerville Market Statistics
- 2009 Year End Snapshot of Chisago City, MN Home Sales Statistics
- 2009 Year End Snapshot of Circle Pines, MN Home Sales Statistics
- 2009 Year End Snapshot of Columbus, MN Home Sales Statistics
- 2009 Year End Snapshot of Coon Rapids Market Statistics
- 2009 Year End Snapshot of East Bethel, MN Home Sales Statistics
- 2009 Year End Snapshot of Forest Lake MN Home Sales Statistics
- 2009 Year End Snapshot of Ham Lake, MN Home Sales Statistics
- 2009 Year End Snapshot of Hugo, MN Home Sales Statistics
- 2009 Year End Snapshot of Lino Lakes, MN Home Sales Statistics
- 2009 Year End Snapshot of Linwood, MN Home Sales Statistics
- 2009 Year End Snapshot of Mahtomedi, MN Home Sales Statistics
- 2009 Year End Snapshot of North St. Paul, MN Home Sales Statistics
- 2009 Year End Snapshot of Oakdale, MN Home Sales Statistics
- 2009 Year End Snapshot of White Bear Lake, MN Home Sales Statistics
- 2009 Year End Snapshot of White Bear Township, MN Home Sales Statistics
- 2009 Year End Snapshot of Wyoming, MN Home Sales Statistics
But as is said, the devil is in the details . I have another version of market reports for specific communities are not snapshots. In the communities that I work in on a daily basis, I want to really help people to understand the market so I take good hard look at the real estate sales on a quarterly basis and post a more detailed report. I also post a year end review several communities I work in and know well.
Detailed Statistic Reports
Blaine, MN Year End Real Estate Market Statistics 2009 Forest Lake, MN Year End Real Estate Market Statistics for 2009 Ham Lake, MN Year End Real Estate Market Statistics for 2009 Lino Lakes, MN Year End Real Estate Market Statistics 2009 White Bear Lake, MN Year End Real Estate Market Statistics 2009
When I take the time to pull statistics directly from the Twin Cities Multiple Listing Service (MLS) I look for specific details like cumulative days on the market (CDOM). This comes into play every time a home is relisted as a new listing in the MLS. The snapshots DOM do not take relisting into account so the time on the market appears to be much shorter than it really is in some area.
I also look at CDOM by price point. Homes in the lower price ranges are selling much more quickly that in the higher price points. A quick overview does not get that specific.
Since each community is so different, I will examine different things in different areas. Blaine has an abundance of townhomes. Since townhomes are lingering on the market in all price points, this does have an affect on the CDOM if the sales are looked as an aggregate. But if the townhomes and single family homes are looked at separately, the details give home buyers and sellers more useful information than a one-size-fits-all quick look at the market. Now in Forest Lake, lakeshore homes are a focus while in Ham Lake and Lino Lakes, acreage comes into play.
Knowing how to pull the right comparables and read the market comes from knowing a specific area and what makes the community different. Finding a REALTOR® that knows the details is imperative when buying or selling in this topsy-turvey, continually changing real estate market. There is no one-size-fits-all agent when buying or selling a home today. It is necessary to work with an expert.
Looking for Lakeshore Foreclosures? Check out this post!
Lakeshore Foreclosures Available in the North East Twin Cities Metro
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..JPG)
Buying a Home? Check out my HOME BUYER'S BLOG!
Copyright 2010 Teri Eckholm http://www.terieckholm.com/
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Teri, There is so much work that goes into a detailed market report but that's where the true information is. I believe some realtors do not take this time consuming task and may not be providing all the true data to their clients. I'm glad you do so you can advise them in greater detail.
Teri, There is so much work that goes into a detailed market report but that's where the true information is. I believe some realtors do not take this time consuming task and may not be providing all the true data to their clients. I'm glad you do so you can advise them in greater detail.
Teri,
There is a lot of information that we as agents share, when it comes to real estate and in the north and east communities ! you are the best !
Carole--For certain areas and when you are actually listing a home, it is definitely better to take a good look at the detailed sales information but the quick snapshots are great information to help someone get a ballpark idea of how the market is in a community.
Ray--Thanks Ray...I appreciate that! :)