North St Paul, that quaint community on the east side of the Twin Cities with the big smiling snowman greeting passersby on Highway 36, saw sales drop along with prices in 2010. New Listings are up and sales are down so the inventory that was down at the end of 2009 is starting to creep back up again. The average sales price is down but not in a free fall. It is down 7% but combined with a similar drop last year it appears that this eastern Ramsey County community is struggling toward a more stable balanced market. The average days-on-the-market statistic is down by well over 6% so homes are staying on the market for less time. Sellers that reside in North St. Paul are not receiving their asking price and are accepting offers and average of almost 9% lower than asking. Overall North St. Paul did fare well in 2010 but hopefully will regain more momentum in 2011 toward a balanced market.
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)
Buying a Home? Check out my HOME BUYER'S BLOG!
Copyright 2012 Teri Eckholm http://www.terieckholm.com/
******************************************************************************************************
LIKE MY BLOG? Subscribe, Follow or Like...It's your choice!
Teri, I like the pictures you're using on your market reports. North St. Paul perhaps fared much better than other areas... I hope it continues.
Yolanda--Thanks!! It is funny as I have been doing the annual snapshots for awhile and all the communities seem to have some ups and some downs over the past few years. Average price is down throughout the Twin Cities area but volume is starting to pick up.
Great work as usual compiling your report Teri but I am putting in my vote to get rid of Winter and no more snowmen:)
Bill--Even if the weather warms...this guy won't melt. He smiles year round! The frozen wet stuff can go away now though..lol!