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Burnsville Minnesota Short Sales and Foreclosure 2009 3rd quarter information

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

Burnsville Minnesota L/M L/M L/M Traditional Traditonal Traditional
Dakota County Oct-09 Oct-09 % Change Oct-09 Oct-09 % Change
Inventory of homes for sale 137 108 -21.2 346 288 -16.8
Months supply of inventory 8.8 4 -54.3 10.6 9.3 -11.8
10/07-9/08 10/08-9/09 %Change 10/07-9/08 10/08-9/09 % Change
New Listings 392 454 15.8 1048 933 -11
Closed Sales 179 287 60.3 428 357 -16.6
Median Sales Price 162000 149950 -7.4 232000 210000 -9.5
Median Price per sq.ft. 93 78 -16 112 101 -9.5
% of original list price 89 91 2.2 94 92.8 -1.2
Days on Market until sold 146 134 -7.9 137 145 5.9

Burnsville currently has 27.3% of its current inventory that is lender mediated compared to Minneapolis that is 25%. Lender mediated inventory is up from 11.1% in 2007 but down slightly from 28.4% in 2008. The supply of lender mediated homes in months is down from 8.8 months to 4.0. Lender mediated homes in the lower price levels are moving quickly.

Kenden Post-CDPE, SFR, 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.


SFR-Short Sales and Foreclosure Resource Specialist certified by National Association of Realtors.

Statistics courtesy of Minneapolis Association of Realtors.

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 Thursday Nov 05