The real estate market in White Bear Township did a flipflop of sorts from 2009 to 2010. Where sales were up in White Bear Township, Minnesota in 2009 by 40%, they dropped in 2010 by almost 10%. This northern Ramsey County township saw a rise in days on the market in 2009 by a whopping 49% while this past year it was down by almost 22%. The average home price dropped for the second consecutive year, down almost 9% in 2010 after dropping 15% during 2009. From 2007 to 2008, prices were only down 3% so this 9% combined with last year’s 15% drop has significantly affected prices in this area. The average sales price for a home in White Bear Township is now just under $205,000.
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looks like the market is still trying to find it's new normal. Good info.
Teri you year end market snap shots are always great to see exactly what has gone on in the market. Here is a toast to a great Spring!
Hi Teri, I have been hearing a lot lately of some markets that gone beyond the worst of the housing bubble but are now seeing it effects again. I am guessing before all this over, every market will have experienced a bit more of this roller coaster effect.
Teri I agree with Bill Gassett - your market snapshots are well done - this one on White Bear Township is no exception