Even though it's bitterly cold outside there are plenty of things to do in Owatonna that will keep you warm. The new year started with a PeeWee C hockey tournament at the 4 Seasons Centre on 1/2 and 1/3. The Owatonna Fire Department also scheduled their CERT training on 1/3 and throughout the month on varioue days. Contact the Owatonna Fire Department for more information on this valuable training.
There are tremendous networking opportunities available every month at the 3rd Thursday networking event sponsored by the the Owatonna Area Chamber of Commerce and Tourism. The Chamber's Annual Dinner will be held this Friday, January 16th from 5:30 until 10:00 at the Owatonna Country Club. It's a wonderful evening with good food and plentiful opportunitites for meeting and greeting other business people.
The Chamber's Business After hours event is scheduled for Tuesday, January 27th from 5:30 until 7:00 at the Holiday Inn & Suites. The annual Armory Sale is scheduled for the last weekend in January which offers great deals from area businesses.
Stay warm and stay busy in Owatonna. There's lots to do even if you have to be inside. When it warms up don't forget about the walking trails, cross country skiing, sledding and snow shoeing. You can rent skis and snow shoes at Morehouse Chalet.
January is a wonderful to time reflect on the past year and think ahead to all that we want to accomplish
in the new year. 2008 brought challenges, as well as opportunities to our real estate market. Here are the statistics for 2008 and a comparison to 2007. It seems that we're off to a strong start for 2009 and I'm confident that we'll see increased activity and sales in 2009. Home prices are affordable, with amazingly low interest rates, and nice inventory to choose from - therein lies the opportunity!
2008 Residential Home Sales for Owatonna
Sold 293 homes at an average sale price of $159,120 within an average of 130 days. The sale prices average 97% of the last list price and 88% of the original sale price. We currently have 174 homes on the market at an average list price of $188,100 and they've been on the market for an average of 172 days. We continue to see strong interest from first time home buyers and they still have the potential to buy with 0% down through the Rural Housing program (subject to income limits and credit worthiness).
2007 Residential Home Sales for Owatonna
Sold 400 homes at an average sale price of $169,162 within an average of 129 days. The sale prices were an average of 98% of the last list price and 93% of the original list price.
This information is provided by the Southeast Minnesota Association of Realtors and is deemed to be reliable, but is not guaranteed.
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