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Linwood real estate has a bit of a better outlook after 2009. New listings were down slightly but closed home sales were up significantly. And Linwood was one of the very few north metro communities where the average sales price actually increased; albeit only 4%. After the rough 2008, this is welcome news for Linwood homeowners. This rural Anoka County community featuring acreage and lakeshore properties is located just north of Columbus and south of Stacy, saw a bit of a decrease in time on the market down 8% from 179 days in 2008 to 164 days in 2009. Not all of Linwood's news is rosy however. The area is continuing to experience one of the lowest ratios of sales price to list price at just under 90%. This meaning sellers in Linwood are negotiating hard to get their homes sold.
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With the number of closed sales dramatically up for the second year in a row and this year new listings dramatically down, there is significantly less real estate inventory to start off 2010 in the East Bethel. While this northern Anoka County community did see a drop in the average sales price in 2009 compared to statistics in 2008, lower inventory is a good indicator of a more balanced market on the horizon. The ratio comparing sold price to list price did see a bit of a comeback in 2009 but at just over 90% it is one of the lowest in the north and east metro communities I work in. The Days on the market statistic is also up again for the second year in a row; this is significant as many surrounding communities did see a bit of a drop in DOM in 2009.
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Get the latest breaking new about FHA 203K Rehab Loans: information & news here
Your source for the latest info and news on FHA Rehab Loans which can be used to purchase AND rehabilitate homes that need work, all in one mortgage! Many homebuyers who choose to rehabilitate and live in one of these fixer uppers will qualify for local, city, or county money. Visit my website www.PattiAnnKasper.com or www.HouseHuntingHound.com for more information.
This information is updated continuously, so check back often!
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Check out the latest breaking news for Anoka Minnesota!
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Check out the latest breaking news for Coon Rapids Minnesota!
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