Cambridge, MN Market Update

Here is what is happening in the Real Estate Market in Cambridge, MN:

There are currently 208 active listings and 145 of those are under $200,000. Right now there are 18 pending sales and in the last 30 days there have been 20 closed transactions. Of those sales 17 have been under $200,000.

Isanti County has one of the highest foreclosure percentages in the state, so many of these transactions are on bank owned homes. There are still numerous vacant homes in the area. Expect the prices in Cambridge and the rest of Isanti County to come down a lot more still in the future.

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Chuck Carstensen is a Realtor with The Discovery Team at RE/MAX; helping buyers, sellers, and investors of residential real estate in Isanti, Anoka, Sherburne and Wright County. He is a speaker and co-author in the best selling book series Wake Up...Live the Life You Love: Your Wake Up Moments (available soon). Carstensen is also a personal development mentor with Success University...where he helps people discover how to be more successful in business, life and health.