Eagan homes for sale in Eagan, MN. Over the last year, the Eagan real
estate market has improved dramatically. Although economic setbacks
have occurred with the closing of Lockheed Martin and a few other
companies, real estate continues to sell in Eagan for a number of
reasons.
Like other prestigious areas of the Twin Cities, Eagan homes for sale
offer numerous advantages over other areas. Besides an award winning
school system, Eagan sports excellent access to Minneapolis and St.
Paul. Get to downtown Minneapolis via 35W, Cedar (77), or Hiawatha -
or get to downtown St. Paul via a half dozen access points.
Eagan homes for sale average $175,000 for 2011 thusfar and stay on the
market an average 128 days. Eagan has its share of foreclosures and
those are generally found in higher concentration towards the southern
end of Eagan. Eagan short sales (pre-foreclosure sales) are also
prevalent in the same areas.
Year to date, 1099 new Eagan listings have come on the market.
A drop of nearly 15% from this time last year. Closed sales are up by
23% so far with 668 closed sales. And on average, homes for sale in
Eagan receive roughly 90.8% of list price, versus 98.9% for our
clients. The most popular Eagan homes for sale tend to be the
midrange Eagan homes $225,000-$325,000 price range. And the current real estate market has
produced a plethora of Eagan homes for sale under $200,000.
As of the census of 2000, there were 63,557 people, 23,773 households,
and 16,427 families residing in the city. The population density was
1,967.6 people per square mile (759.3/km²). There were 24,390 housing
units at an average density of 755.1 per square mile (291.5/km²). The
racial makeup of the city was 88.03% White, 3.41% African American,
0.26% Native American, 5.31% Asian, 0.10% Pacific Islander, 0.96% from
other races, and 1.93% from two or more races. Hispanic or Latino of
any race were 2.24% of the population.
This year Eagan's real estate market really told the story of the entire Minnesota housing market. Interestingly, foreclosure and short sale volume was relatively stable throughout the year. The real variability in Eagan real estate is in the traditional listings (those that are neither Eagan foreclosures or Eagan short sales).
The monthly average sale price varied little over the course of the year. A few Eagan luxury homes sold producing a artificially high monthly average.
One of the most interesting parts of 2010 was the average days on market. Shorter times on the market reflects a faster rate of sales in the previous month. March and April have lower average days on the market (85 and 79, resp) which reflect a high level of activity in January and February (the REAL spring market in Minnesota).
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