Winter 2012 Market Update
The market is steady in the Maple Grove area

Average Home Price $300,000 - View Graph Trend
Average Price Compared to Last Year Down 0-5%
Average Time on Market 90-120 days
Best Selling Price Range$250,000 - $299,000
Worst Selling Price Range$450,000 - $499,000
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?No Change
Market Trend Decreasing
Buyers’ or Sellers’ Market More buyers than sellers
Buyer Activity for the past 90 days in Maple Grove isIncreasing
Seller Activity for the past 90 days in Maple Grove is?No Change
Multiple Offers?Yes
Multiple Offers CommentaryWe are starting to see more activity in the lower price ranges. The increase in sales for first time buyers will eventually help our move up price ranges also.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?25-30%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Limited Supply
Inventory CommentsThe market appears to leveling off to a degree. Proper pricing and having the home in excellent condition are of utmost importance.
Greatest Activity Repeat Buyers
Reason to Buy/Sell Population Growth
Nearest Metro AreaPlymouth
Housing Hot SpotsPlymouth & Rogers
Average Sold Price $300,000 - View Graph Trend

Maple Grove Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

Click here for full article...
Contact Information

Steve Hinrichs & Jean O`Reilly
Steve Hinrichs & Jean O`Reilly
     763-557-4589
Request More Information  

Let me answer your questions!

First Name
Last Name
Email
Phone

Questions or Comments

 

   Let Me Answer Your Questions! Ask Me!
Blog Archives


Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.61%
  15 yr. jumbo rate:  3.97%

Home Values
 Street
 
 Zip Code
 



 
Search Homes Property Type
Min Price
Max Price
Min Beds
Min Baths
 
Steve Hinrichs & Jean O`Reilly
Request More Information  

Let me answer your questions!

First Name
Last Name
Email
Phone

Questions or Comments

 

Let Me Answer Your Questions! Ask Me!
Steve Hinrichs & Jean O`Reilly
Edina Realty
Edina Realty

  763-557-4589




Receive New Listings by Email Get Free Monthly Newsletter   |   Find Maple Grove Homes for Sale   |   Search Maple Grove Real Estate
(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
Minnesota Homes for Sale  |   Minnesota Real Estate News |   Homes for Sale  |   Real Estate Market News  |   Hot Markets  |   Agents Join