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Burnsville, MN home sales information for March 2009

Here are the final numbers for Burnsville, MN. March 2009 home sales;

Burnsville, MN March March March Entire Year Entire Year Entire Year
Dakota County, MN 2008 2009   Change 2008 2009   Change
New listings 135 129 -4.4 386 357 -7.5
Closed Sales 42 47 11.9 112 111 -0.9
Median Sales Price 226000 177000 -21.7 220000 170000 -2.7
Avg. Sales Price 216,167 182614 -15.5 214830 170072 -16.6
% of orginal list pirce received 91 89.7 -1.3 91.1 89.3 -2
Avg. Days of Market  135 163 20.4 147 144 -2.3
Single-family detached inventory 212 198 -6.6      
Townhouse-condo inventory 267 219 -18      

 

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

Kenden Post-Ketterling Group

Coldwell Banker Burnet-Apple Valley

www.KendenPost.com

Kenden@KendenPost.com

(o)952-997-1960, (f)952-997-8810

Statistics courtesy of Southern Twin Cities Association of Realtors

Do you know of anyone facing foreclosure? We can help. Call or email us for more information.

www.MnShortSalesExpert.com

Apple Valley, MN home sales information for March 2009

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

Apple Valley, MN March March March Entire Year Entire Year Entire Year
Dakota County, MN 2008 2009   Change 2008 2009   Change
New listings 136 138 1.5 403 331 -17.9
Closed Sales 55 44 -20 115 121 5.2
Median Sales Price 225000 173420 -22.9 223875 173420 -2.5
Avg. Sales Price 94 208712 -17.1 250053 196553 -21.5
% of orginal list pirce received 163 89.2 -4.9 93.9 90 -4.2
Avg. Days of Market  223 171 4.8 158 161 1.5
Single-family detached inventory 265 172 -22.9      
Townhouse-condo inventory 222 204 -23      

 

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

Kenden Post-Ketterling Group

Coldwell Banker Burnet-Apple Valley

www.KendenPost.com

Kenden@KendenPost.com

(o)952-997-1960, (f)952-997-8810

Statistics courtesy of Southern Twin Cities Association of Realtors

Do you know of anyone facing foreclosure? We can help. Call or email us for more information.

www.MnShortSalesExpert.com

Dakota County Silver Lining Loan Program

Silver Lining Loan Program
Foreclosure rates have increased in Dakota County communities and across the nation over the past few years. The Silver Lining Program is designed to begin rebuilding and stabilizing Dakota County neighborhoods.

Dakota County Community Development Agency (CDA)has created the Silver Lining Loan Program which will provide up to $15,000 to homebuyers purchasing bank-owned properties in areas of the county that have experienced higher than normal levels of mortgage foreclosures.

Loans may be used for:

  • Up to 50 percent of the required downpayment
  • Payment of normal and usual closing costs and/or
  • Buy down of mortgage principal

Homebuyers will not receive any portion of a Silver Lining loan as cash.

Eligible Properties

  • Single family homes, duplexes, townhomes and condominiums located in eligible areas of Dakota County that are unoccupied, foreclosed homes that are beyond the redemption period and are bank-owned.

  • Eligible areas include:
    Apple Valley All areas eligible except small NE corner
    Burnsville All areas eligible except around Crystal Lake
    Eagan Most of the city is not eligible
    Farmington All areas eligible
    Hastings All areas eligible
    Inver Grove Heights Most of the area in western 2/3 of city is not eligible
    Lakeville All areas eligible
    Northfield All areas eligible
    Rosemount Most of the city is not eligible
    South St. Paul All areas eligible
    West St. Paul All areas eligible
    Smaller Cities All are eligible except Lilydale and Mendota

  • Ineligible areas: Mendota Heights and all Dakota County townships

  • Maximum Purchase Price = $256,080
  • Purchase price can not exceed 85 percent of appraised value.
  • Appraisals will be ordered by the Dakota County CDA and will meet the Uniform Relocation Assistance and Real Property Policies Act criteria.
  • Home must pass a Housing Quality Standard (HQS) inspection conducted by the Dakota County CDA.

Eligible Borrowers
Homebuyers who are income eligible and qualify for a traditional fixed-rate first mortgage loan can apply for a Silver Lining Loan through a participating mortgage lender.

Household
Size

Income
Limit

1

$67,950

2

$77,650

3

$87,350

4

$97,100

5

$104,850

6

$112,600

7

$120,400

8

$128,150

*Income limits are as of 2/08 and are subject to change.

The home must be homebuyers primary place of residence.

Eligible Financing
Silver Lining loans can be used in conjunction with any fixed-rate FHA, VA, RHS, Fannie Mae or Freddie Mac insured loan product that is generally considered to be an "A" or "prime" lending product.

Silver Lining loans are not eligible for use with subprime, interest-only or balloon loans, or with adjustable rate mortgages (ARMs).

Loan Terms

  • Zero percent interest
  • No monthly payments
  • Minimum loan = $1,000
  • Maximum loan = $15,000
  • Repayable when the primary mortgage is paid off, the home is no longer the primary residence or when the home is sold or refinanced.
  • Considered a "special mortgage" under the terms of Minnesota Statutes 58.13. Loans will be separately secured by a Second Mortgage and Promissory Note.
  • Home Stretch® Homebuyer Education certificate required prior to closing.

The Silver Lining Program is funded by the federal Neighborhood Stabilization Program through the U.S. Department of Housing and Urban Development. The program is part of the Dakota County CDA's Homeownership Connection services which provides resources to help homebuyers and homeowners be successful.

Click on this link to see a Dakota County map or eligible areas.

http://www.dakotacda.org/pdf/Silver_Lining_Eligible_Areas.pdf

Information courtesy of Dakota County Community Development Agency

Savage, MN homes sales information for February 2009

Here are the final numbers for Savage, MN. February 2009 home sales;

 

Savage, MN February February February Entire Year Entire Year Entire Year
Scott County, MN 2008 2009   Change 2008 2009   Change
New listings 80 59 -26.3 152 142 -6.6
Closed Sales 19 20 5.3 39 32 -17.9
Median Sales Price 212000 170000 -19.8 223500 173750 -22.2
Avg. Sales Price 217,677 172602 -20.7 240734 193980 -19.4
% of orginal list pirce received 94 88.2 -5.7 93.4 88 -5.7
Avg. Days of Market  142 149 5.5 133 34 0.2
Single-family detached inventory 168 154 -8.3      
Townhouse-condo inventory 110 90 -18.2      

 

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

Kenden Post-Ketterling Group

Coldwell Banker Burnet-Apple Valley

www.KendenPost.com

Kenden@KendenPost.com

(o)952-997-1960, (f)952-997-8810

Statistics courtesy of Southern Twin Cities Association of Realtors

Do you know of anyone facing foreclosure? We can help. Call or email us for more information.

www.MnShortSalesExpert.com

Rosemount, MN. home sales information for February 2009

 Here are the final numbers for Rosemount, MN. February 2009 home sales;

Rosemount, MN February February February Entire Year Entire Year Entire Year
Dakota County, MN 2008 2009   Change 2008 2009   Change
New listings 62 68 9.7 141 129 -8.5
Closed Sales 18 21 16.7 38 36 -5.3
Median Sales Price 188500 175950 -6.7 182013 184950 1.6
Avg. Sales Price 192,083 188992 -1.6 194486 213098 9.6
% of orginal list pirce received 95 90.9 -4.3 94 90.4 -3.8
Avg. Days of Market  122 101 -17.1 98 110 13.2
Single-family detached inventory 124 118 -4.8      
Townhouse-condo inventory 97 91 -6.2      

 

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

Kenden Post-Ketterling Group

Coldwell Banker Burnet-Apple Valley

www.KendenPost.com

Kenden@KendenPost.com

(o)952-997-1960, (f)952-997-8810

Statistics courtesy of Southern Twin Cities Association of Realtors

Do you know of anyone facing foreclosure? We can help. Call or email us for more information.

www.MnShortSalesExpert.com