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Farmington Minnesota short sales & 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 Farmington Minnesota;

Farmington 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 107 107 0 228 145 -36.4
Months supply of inventory 8.9 4.7 -47.2 10.1 7.1 -29.7
10/07-9/08 10/08-9/09 %Change 10/07-9/08 10/08-9/09 % Change
New Listings 283 365 29 805 515 -36
Closed Sales 119 194 63 278 233 -16.2
Median Sales Price 168200 150000 -10.8 219450 197000 -10.2
Median Price per sq.ft. 99 83 -16.5 115 103 -10.5
% of original list price 90.3 91.6 1.4 94.7 92.1 -2.7
Days on Market until sold 135 134 -0.4 144 163 13.1
L/M=Lender Mediated

Farmington Minnesota has a higher than average lender mediated homes at 42.5% opposed to Minneapolis at 25.2%. The months supply of lender mediated homes has decreased from 8.9 months to 4.7 months supply. New listings for lender mediated homes has increased almost 30% over the last 12 months.

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 Certified by the 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