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Winter 2012 Market Update
Now is an exceptional time to buy a home in St Paul - Highland Park. Low rates within a Buyer’s market. makes a home purchase a great value! Buyer’s with a credit score of 600+, can buy in this market depending on other lender parameters. Call now for more information at 651-248-9742 / 952-210-6962.
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| Average Home Price | $300,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $350,000 - $399,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in St Paul - Macalester-Groveland is | Increasing |
| Seller Activity for the past 90 days in St Paul - Macalester-Groveland is? | Increasing |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | With slightly higher prices (1%) with increasing inventory provides buyers good selection; combine that with competitive interest rates, creates a perfect time to buy in St Paul - Macalester-Groveland! With nearly 14% of all active listings in some form of foreclosure, provides substantial savings in St. Paul - Macalester-Groveland neighborhood, for those that want to invest in remodeling many of the foreclosure properties. |
| Nearest Metro Area | Minneapolis |
| Housing Hot Spots | The hotspots in St. Paul points to Highland Park, Macalester, Groveland and a few surrounding neighborhoods: Summit Hill & Merriam Park. |
| Average Sold Price | $300,000 - View Graph Trend |
St Paul - Macalester-Groveland 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...
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
Ed Klein and David Saint Germain
651-248-9742
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 23rd, 2012 –
---------------------------------
30 yr. fixed rate: 3.90%---------------------------------
15 yr. fixed rate: 3.17%
30 yr. jumbo rate: 4.68%
15 yr. jumbo rate: 3.96%
Home Values
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Request More Information Let me answer your questions! Ask Me!
Ed Klein and David Saint Germain
MetroHomesMarket.com
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 651-248-9742
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