The Linwood real estate market in southeast Anoka County has experienced a slowdown but homes are still selling. Per the St. Paul Area Association of Realtors, sales for the 13 county Twin Cities area are down 16% in the first half of 2007 compared with sales in the first half of 2006. The average home price fell 2%.
This mid-year update for Linwood real estate reflects the sluggish market with many existing home listings and a longer than average days on market (DOM). Though existing home inventory is high in all price ranges, homes are selling better in the lower price ranges. There were very few homes sold in prices above the $300,000 price in Linwood. Homes in Linwood are staying on an average of 148 days. This statistic looks promising but few homeowners in Linwood are selling high priced homes. For reference to other areas in the northeast Twin Cities metro, Ham Lake has a cumulative days-on-market statistic of 208 days; Lino Lakes is173 DOM and Forest Lake is 168 DOM.
The following are statistics of current single family residential market activity in the Linwood area for the first six months of 2007.
Under $300,000~ 36 Active Listings, 4 Pending Listings, 17 Sold Listings; Average Cumulative Days on Market for Sold Listings: 141
$300,000-400,000~ 11 Active Listings, 1 Pending Listings, 3 Sold Listings; Average Cumulative Days on Market for Sold Listings: 183
$400,000-$500,000 ~ 4 Active Listings, 0 Pending Listings, 0 Sold Listings; Average Cumulative Days on Market for Sold Listings: N/A
$500,000 and Up~ 7 Active Listings, 0 Pending Listings, 0 Sold Listings; Average Cumulative Days on Market for Sold Listings: N/A
Lakeshore available in Linwood:
16 Active Listings, 1 Pending Listings, 1 Sold Listings during first half of 2007.
Linwood lakeshore price range: $ 134,900-$1,149,900.
**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/07 through 6/30/07.
Featured Listings in Anoka County:
1517 128th Ave NE, Blaine, MN 55449
15065 E Vermillion Circle NE, Ham Lake, MN 55304
1988 Robin Lane N, Centerville, MN 55038
Articles on Lakeshore and Minnesota that might be of interest:
If you are relocating to Minnesota, are looking for Homes for Sale in the north and east Twin Cities metro area and need help from a professional Realtor, give me a call or visit my website for a FREE Relocation Packet. Acreage homes are my specialty! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
Copyright 2007 Teri Eckholm http://www.terieckholm.com/
Dedication to customer service has made Teri Eckholm/Keller Williams Premier the Realtor® of choice for families in Blaine, Forest Lake, Ham Lake, Lino Lakes and Wyoming areas. Licensed in MN.
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Teri - It sure sounds like the market is a bit tough in Linwood right now. I know that if I were a seller there I would definitely want to hire a professional like yourself that knows the market so well & will help me get my home priced right to sell.
Teri some good stats for the consumers of Linwood.
You are the Linwood PRO!! Hope to hear the "sluggish market" improves sooner than later. We're all with you on that one!
Steve--Linwood is a great affordable acreage community! I am amazed at the amount of lakeshore available. Many great opportunities in the area. Thanks for the comments.
Ashley--Even I was surprised at how few homes over $400K have sold in Linwood this year when I ran the numbers. Puts everything in perspective for sellers as to how loog they will potentially have on the market.
Susie--Absolutely! The slow Anoka County market cannot improve fast enough for all of sellers out there!
Hi Teri, these are some interesting stats for Linwood MN. Seems kind of tough right now. The exact reason why they need a Real Estate professional such as yourself. Great post!
Stephanie--Interesting is right! Having you home properly priced is essential to getting it sold!