Apple Valley, MN

Here are the final sales numbers for short sales, foreclosures, lender mediated, and traditional listings for the 3^rd 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 Program^TM.

Here are the final numbers for Apple Valley, MN. September 2009 home sales;

Apple Valley, MN	September	September	September	Entire Year	Entire Year	Entire Year
Dakota County, MN	2008	2009	Change	2008	2009	Change
New listings	153	110	-28.1	1274	1055	-17.2
Closed Sales	69	70	1.4	513	558	8.8
Median Sales Price	184500	155000	-16	214500	170000	-20.7
Avg. Sales Price	202,621	176112	-13.1	234104	191937	-18
% of orginal list pirce received	93	96.5	3.8	93.7	93.3	-0.4
Avg. Days of Market	163	105	-35.5	143	139	-2.8
Single-family detached inventory	227	171	-24.7
Townhouse-condo inventory	269	156	-42.1

 

If you have any questions about this information on home sales for Apple Valley, Minnesota please feel free to contact me.

Kenden Post-CDPE, ePro

Coldwell Banker Burnet-Apple Valley

www.OurFirstMinnesotaHome.com

Kenden@KendenPost.com

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

Statistics courtesy of Southern Twin Cities Association of Realtors

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

www.MnShortSalesExpert.com

www.YourMnShortSaleExpert.com

 

First time home buyers be sure to visit www.OurFirstMinnesotaHome.com to register for your Home Sweet Home Buyers Program^TM.

 

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How to Buy a Home... Without a Bank.

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http://www.Mnhomescontractfordeed.com

http://www.mnlakehomescontractfordeed.com

Down payment: In today's market many banks have returned to asking for 20 percent down; offer less and you'll probably have to pay private mortgage insurance which adds up to half a percentage point to the loan. In seller financing, the buyer can put down less than 20 percent -- without the PMI The buyer needs to have money in the deal- the more, the better." Homeowners will typically want a down payment of at least 10 percent as protection against default.

Interest rates: Most private sellers charge slightly above market rates since they're shouldering more risk -- particularly if their would-be buyer got rejected for a bank loan. But with home prices still in the tank, some owners are offering lower rates to buyers who agree to meet their price. And keep in mind: Most seller-financed deals expire in five to seven years -- 15 at the most -- and finish out with a balloon payment.

Due diligence: When there's no bank involved title insurance becomes even more important. Usually available for a few hundred bucks, it digs up tax liens and other claims that could affect a property transfer. A current appraisal, credit report and background check are also smart moves. After all, there's no institution behind this deal -- it's just you and the other guy.

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MN HOMES CONTRACT FOR DEED-LAKE HOMES ON CD-CONDOS-TOWNHOMES-CABINS-LAND-LAKE LOTS.

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mnlakeplace@yahoo.com

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6715 131st Street W , Apple Valley, MN 55124

Previous Image 1 of 10 Next Slideshow · Open All Total Bed/Bath: 4/ 4 Garage: 2 Year Built: 1989

Map Page: 149 Map Coord: b4 Directions: Cedar (77) to Co Rd 38 (mcAndrews/ZOO exit) East to Foliage Ave SOUTH to 131st to Hm (Click icon for Virtual Earth Map)

MLS Area: 614 - Apple Valley Secondary Area: 610 - Eagan Style: (TW) Twin Home Const Status: Previously Owned Foundation Size: 992 AbvGrdFinSqFt: 2,171 BelGrdFinSqFt: 902 Total Fin SqFt: 3,073 Acres: 0.350 Lot Size: 256 x 106 x 222 x 50

TAX INFORMATION Property ID: 015200902001 Tax Year: 2009 Tax Amt: $2,901 Assess Bal: $ Tax w/assess: $2,901 Assess Pend: Homestead: Yes