The number of new listings in Circle Pines dropped a bit compared to the previous year but with sale up, inventory levels are relatively low. In this small Anoka County community, just north of Shoreview, home sales were up significantly from 2010 after being down in 2009 and up in 2008, the roller coaster continues. Like in other north metro communities, the average time on the market increased significantly and the average price dropped. The price per square foot statistic was low compared to other Anoka County communities in 2010 at $88 but in 2011 dropped even further to an average of $79/sq ft. Area foreclosures and short sales have had a dramatic affect on this area. The ratio of percent received versus list price is slipped some from just under 92% to 88% showing that sellers in Circle Pines are willing to negotiate on price. These very low prices and good number of starter homes make Circle Pines, Minnesota an affordable option for first time home buyers.
For additional details on the inventory levels in Circle Pines MN at the end of 2011, Click HERE.
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Teri
Very nice snapshot of the market and statistics for Circle Pines MN
Overall the numbers are going in the right direction. The sales price can have so many variables in the foreclosre market that those numbers don't always mean so much.
Tom--Thanks! :)
William--I agree that the snapshots do not tell the entire story...that's why it is important to read to commentary and contact and agent if you really want to understand what is happening to real estate values in a specific community.