In this northern Ramsey and Washington County community, just north of White Bear Lake, closed home sales were completely flat in 2010 after being up by nearly 43% in 2009. That shows some stability especially since new listings are down over 10% in the area too. Unfortunately, the average sales price did continue to decline but just a bit at over 2% which is much improved from the 17% drop in the previous year. The amount sellers are receiving on sales is down a bit compared to asking price but not dramatically. Time on the market to sell a Hugo home, did drop quite a bit in 2010 showing that this Washington County community is making good progress toward stabilization.
Looking for a breakdown of Hugo 2010 home sales by price point? CLICK HERE for Detailed Hugo Statistics
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)
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Copyright 2012 Teri Eckholm http://www.terieckholm.com/
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Teri Your market reports are exceptionally well done and this one on Hugo is no exception
Karen--Thank you! It is appreciated! :)