Rogers, MN

Happy New Year! The Rogers Real Estate Market had a tough 2008, but you will be happy to know that there were homes selling! The TOTAL number of Sold Single Family Homes in Rogers in 2008 was 108 homes.

Of these 108 homes:

56% of homes sold were priced between $200,000-300,000

24% were priced between $300,000-$400,000

The lowest priced home that sold in Rogers in 2008 was a 3br, 1ba home built in 1946 that sold for $95,000 and the highest priced home sold in 2008 was on over 6 acres on the Crow River in Hassan Township that sold for $680,000.

The average sales price was $267,041, and average Days on Market was 188 days. Sellers received an average of 92% of list price, down from 95% in 2007.

A little bit of good news right now, as of January 17th 2009, there are only 68 Single Family homes on the market, down 30% from the same time in 2007. This means that we currently have between 7-8 months of inventory on the market, which is quite a bit lower than the past few months. The market is considered "balanced" when it has between 5-6 months of inventory.

So if you are thinking about selling, this may be a good time to put your home on the market. But if you are not willing to be aggressive and flexible with pricing and staging, you may as well not list, because buyers are still looking for that 'Deal".

Rogers Homes For Sale

Information taken from the Northstar MLS and North Metro Realtors Association NMRA The 100+ Report.

As of November 30th, 2008 the Market Statistics for Rogers, MN, including Hassan Township

Single Family

85 Single Family Homes for Sale

5 Single Family Homes Pending Sale

6 Single Family Homes closed in the Month of November

100 Single Family Homes Sold in the past 12 Months

This gives us about 10 months of inventory on the market right now. That means that if no other homes were to come on the market, it would take about 10 months to sell off all of the existing inventory. A balanced market will have 5-6 months of inventory. Rogers is clearly a buyers market.

Pricing and staging are the keys to selling in Rogers. There have been many great deals on foreclosures, including new construction, that have put downward pressure on the non-foreclosure homes. The good news is that the Maple Grove market is still hot in the first-time homebuyer price range, which should send some of those buyers to Rogers, where they can find a newer or larger home for less money. Isn't that why a lot of us moved to this beautiful area in the first place?

View All Listings in Rogers, MN

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www.HotHomesMN.com

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Based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC
for the period of July 1, 1007 through July 31, 2008.

Participant in the *National Real Estate Stimulus Program*

Buyers: Receive a CASH BONUS of 2% of the sale price up to a maximum of $10,000.00 after closing when you purchase a home with Patti Ann Kasper.

Sellers: Your home SOLD in 39 days or less GUARANTEED, or I'll pay you up to $10,000 after closing!

That's right, a tax free cashiers check is mailed after closing, upon receipt of proof of purchase, and verification of identity. Could you or someone you know do something with that?

If you are thinking of buying or selling a home, call Patti Ann Kasper to find out how
you can receive your own National Real Estate Stimulus Program CASH BONUS!

For more information about my services, guarantees, or how I can help you
find your next home, sell your home, buy a business or investment property.
Just call Patti Ann Kasper today at 763-548-1418!

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Patti Ann Kasper, Your Minnesota, North Metro Twin Cities, and Lino Lakes Real Estate Expert!

© Copyright Patti Ann Kasper 2008 All Right Reserved.

Associates of Science Degree in Geographic Information Systems and Cartography
from Anoka Ramsey Community College in Coon Rapids, Minnesota.


Licensed in Minnesota


Equal Housing Opportunity

Here is what is happening in the Rogers, MN (55374) Real Estate Market in the last month:

Currently there are 150 total homes listed for sale. Overall there are 12 sales pending with 9 sales in the last month. Those are very surprising numbers because if you look at some of the surrounding cities I have updated recently there has been more activity. For townhouse listings there are 48 active listings with only 2 pending and 3 sales in the last 30 days. The under $200,000 price has 34 listings, 1 pending sale and 2 sold listings in 30 days.

These once again opens a great opportunity for buyers since sales are down. There are many good deals out there!

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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.