In spite of the real estate slow down Coon Rapids continues to evolve as it has for over 150 years. It has changed from the community's humble beginnings of a dirt road farm community to the 9th largest city and 5th largest suburb in the state of Minnesota. The affects of the real estate market change on Coon Rapids is tempered by its convenient location to downtown Minneapolis and its easy access to Interstate 35, Hwy 65 and Hwy 47/10 for a commute to a lakeside cabin. Coon Rapids is a community with something for everyone: encompassing 23 square miles it boasts several neighborhood and regional parks, indoor and outdoor ice skating rinks, softball and baseball fields, tennis courts, hiking and biking trails, swimming pools, a golf course, and two major regional shopping 
developments.
Like its neighbors Blaine and Andover, the residential real estate construction boom in Coon Rapids during the past decade has slowed but not stopped making new and existing home purchase opportunities very affordable. Conveniently between Anoka and Blaine, it is connected by Highway 10 just north of the Twin Cities, Coon Rapids is an attractive location for both business and residential development. The entire community of Coon Rapids is served by one school district; Anoka Hennepin District #11.
Real estate in Coon Rapids, MN in Anoka County is affordable and selling-though admittedly at a slower pace than most sellers would like. In the first six months of 2008, numbers show single family homes are staying on the market an average of 143 cumulative days or just under 5 months. But when broken down to single family homes versus townhomes/ condos, the single family homes have a 127 average CDOM while townhomes/condos are taking nearly two months longer with a 180 CDOM.
Cumulatively inventory levels of single family homes in Coon Rapids are selling in a reasonable timeframe and approximately 9-10 months of inventory. Inventory levels for homes under $200,000 are a much more manageable 7 months. While the total town homes and condos in all price ranges are struggling high inventory levels that won't sell out for 18 months if no more properties are listed.
As Coon Rapids' real estate is for the most part moderately priced, it should adjust to the changed market relatively quickly but its significant condo/townhome market will take time to recover as it continues to compete with new townhome developments in the neighboring communities such as Blaine.
1st Quarter Coon Rapids residential real estate statistics for single family homes:
Under $200,000~ 160 Active Listings, 15 Pending Listings, 131 Sold Listings, CDOM 115
$200,000-$300,000 ~ 126 Active Listings, 6 Pending Listings, 59 Sold Listings, CDOM 132
$300,000-$400,000 ~ 31 Active Listings, 1 Pending Listings, 15 Sold Listings, CDOM 210
$400,000 and up ~ 14 Active Listings, 0 Pending Listings, 3 Sold Listings, CDOM 190
1st Quarter Coon Rapids residential real estate statistics for townhomes and condos:
Under $200,000~ 207 Active Listings, 15 Pending Listings, 82 Sold Listings, CDOM 170
$200,000-$300,000 ~ 33 Active Listings, 2 Pending Listings, 7 Sold Listings, CDOM 296
$300,000-$400,000 ~, 6 Active Listings, 0 Pending Listings, 0 Sold Listings, CDOM N/A
**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/08 through 6/30/08.
Other Real Estate Articles that might be of interest:
· Does "Minnesota Nice" Affect the Real Estate Market? "Yah, You Betcha!"
· 5 GREAT Reasons Minnesota Townhomes Make an Easy Transition from Apartment Life!
· First Time Home Buyer in Anoka County, MN? Low Interest Loans Available!
· Is NOW the Time to Consider a Minnesota Townhome? You Betcha!
· Forest Lake, MN Real Estate Market Statistics Mid Year 2008
· Ham Lake, MN Real Estate Market Statistics Mid Year 2008
· Wyoming, MN Real Estate Market Statistics Mid Year 2008
For additional information on any current Coon Rapids real estate listing or for additional information on buying a home in Coon Rapids contact Teri Eckholm directly at 651-336-7073.
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. 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.
Copyright 2008 Teri Eckholm http://www.terieckholm.com/
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, Coon Rapids under 5 months days on market is not all that bad in today's economy. Sure sellers would like three months max but other areas ofthe country have been harder hit. Good information you have presented for this suburb. Thanks.
Teri - This is the most interesting marketing report I have ever read. 5 months on the market is very good in this market.
Nice Market update Teri. You have become one the key information centers with you blogs on key market information. Keeping buyers and sellers informed so they better buying decisions based on good information a big component in the real estate process. Nice market post Teri.
Hi Teri,
Coon Rapids...I just love the names of some of these places! Interesting information and I would say the difference between our single family days on market vs. condos is about the same as yours.
Very interesting marketing report Teri. Can you do the same for some cities in the South of the River now too :)
Gary--It is an area where single family homes are selling much more quickly than in northern Anoka County. This is due to Coon Rapids proximity to downtown Mpls and transportation options but 18 months for townhomes is quite high.
Sandra--Thanks...Wish that 5 month statistic corresponded with other more northern communities in the metro but they are running about 6-9 months.
Gary White--Why thank you!! I appreciate your comments!!
Lynda--Coon Rapids is fortunate with a lower inventory level and faster sales on single family homes than the more northern communities of Anoka County. It struggles with townhome sales due to new construction developments in surrounding communities.
Beth--Thanks...I appreciate that! I only do market reports for communities in the north metro as they are the communities I know best and serve.
There is some great information here. I have learned a lot from Teri, I contacted her and she tried to explain a lot of what has worked for her on Active Rain and what hasn't. She did not benefit from this at all, just went out of her way to help me out. Thanks again Teri!