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Short sale, foreclosure, lender mediated, and traditional listings in Apple Valley Minnesota

Here are the final sales numbers for short sales, foreclosures, lender mediated, and traditional listings for the 3rd quarter 2009 for Apple Valley Minnesota;

Apple Valley Minnesota

L/M

L/M

L/M

Traditional

Traditional

Traditional

Dakota County

Oct-09

Oct-09

% Change

Oct-09

Oct-09

% Change

Inventory of homes for sale

128

100

-21.9

366

246

-32.8

Months supply of inventory

8.8

3.2

-63.2

9.1

6.9

-24.8

10/07-9/08

10/08-9/09

%Change

10/07-9/08

10/08-9/09

% Change

New Listings

371

415

11.9

1216

906

-25.5

Closed Sales

158

293

85.4

499

412

-17.4

Median Sales Price

169000

145000

-14.2

225000

204500

-9.1

Median Price per sq.ft.

100

85

-14.7

116

106

-8.8

% of original list price

90.4

92.2

2.1

94.8

93.6

-1.2

Days on Market until sold

135

136

0.1

136

1143

5.2

L/M=Lender Mediated

Some interesting notes are the inventory of homes and the month's supply of inventory are both down in lender-mediated and traditional listings. Apple Valley currently has approximately 29% of its inventory that is lender mediated. In comparison Minneapolis currently has around 25%. Lenders are starting to be aggressive in the pricing and these homes are moving quickly especially under $150,000.

Kenden Post-CDPE, ePro

Coldwell Banker Burnet-Apple Valley, Minnesota

www.OurFirstMinnesotaHome.com

Kenden@KendenPost.com

(o)952-997-1960, (f)952-997-8810, (c)612-310-6304

Do you know anyone facing foreclosure? You do have options. We are the short sale experts.


Free reports at www.YourMnShortSaleExpert.com.

Short sale information can be found at http://MnShortSalesExpert.com

First time home buyers be sure to visit http://OurFirstMinnesotaHome.com/ to register for your Home Sweet Home Buyers ProgramTM.

Posted Monday Nov 02