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First Time Homebuyer Statistical Snapshot of Andover MN Home Sales

Snapshot of Andover MN by Teri Eckholm Realtor

First time homebuyers might want to take a close look at buying in Andover in 2012. There are several options from foreclosures to new construction and a good number of homes offered by traditional sellers planning to move up. With price per square foot at $88, first homes in Andover, MN are very affordable.
Closed sales are down a bit in Andover but the big drop in new listings has kept inventory in this northern Minneapolis suburb under control. The average sales price did take a hit with almost a 10% decrease from just under $221,000 to just under $200,000. This means the average price per square foot also took a 10% hit from $98/sq ft in 2010 to $88/sq ft in 2011. Another statistic that crept up a bit in 2011 was days on the market. It took an average of 154 days to sell an Andover home in 2011; up almost 3% from the previous year. It seems that home buyers continue to consider Andover an affordable option in the Twin Cities north metro but are very conscious of pricing.
For additional details on the inventory levels in Andover, MN at the end of 2011, Click HERE.

Statistical Snapshot of Andover MN by Teri Eckholm Realtor

AREYOU A FIRST TIME HOMEBUYER IN ANDOVER MN?
Posted Saturday Feb 04