Coach Boom's Hennepin County Real Estate Reports- Maple Grove 2007 End

Maple Grove weathered the storm pretty well all things considered. Sales were down for the year as predicted, finishing at 882 units, New listings were also down, 52 units less for the year. This is one of the early indicators of inventory being moved. Potential buyers should take note of the declining inventory. It may be the early stages of the pendulum starting to swing back toward the seller.

Maple Grove real estate did, again, demonstrate it's general strength. This demonstration came primarily in average sale price. Average sale price for Maple Grove real estate increased by 6% for the year. Many areas declined. Also impressive was the fact that average percentage of list price received at closing stayed above 95%. That is one of the strongest figures in Hennepin County real estate.

Interest rates stood at 5.5% as of this writing for a 30 year fixed rate loan with no pre-paid interest.

Thanks for reading and remember for help with Maple Grove real estate or any Hennepin County real estate, or Minnesota real estate questions call Coach Boom.

Tim Ross * 612-598-9295 * tim@rosshometeam.com* Blog: www.activerain.com/coachboom