Myra Jensen
The Jensen Team
Keller Williams Classic Realty NW
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".
Information taken from the Northstar MLS and North Metro Realtors Association NMRA The 100+ Report.
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