Eagan Real Estate Market - View Eagan Real Estate Market Trends in Minnesota

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Eagan. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 952-412-1290. Historically low home prices, historically low interest rates, and a $8000 tax credit - it’s time for your home.
Average Home Price	$200,000 - View Graph Trend

Average Price Compared to Last Year	No Change

Average Time on Market	30-60 days

Best Selling Price Range	$100,000 - $149,000

Worst Selling Price Range	$1,000,000+

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	Equal buyers and sellers

Buyer Activity for the past 90 days in Eagan is	Increasing

Seller Activity for the past 90 days in Eagan is?	No Change

Multiple Offers?	Yes

Multiple Offers Commentary	For the top 10% of homes in the market, there are multiple offers. Home must be priced right in this market - and if they are, there will be multiple offers.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	35-40%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	The $8000 tax credit is making first time homebuyers jump into the market.

Housing Inventory	Good supply - Some Prices

Inventory Comments	In Eagan, we're expecting another wave of pre-foreclosures and foreclosures starting in November, as a large percentage of ARM loans will be readjusting in August.

Greatest Activity	First Time Buyers

Reason to Buy/Sell	Many people are selling in order to move up into a much larger home for much, much less.

Nearest Metro Area	St. Paul

Housing Hot Spots	Eagan has several area hotspots which have retained value very well such as Acorn Pond, Royal Oaks, Blackhawk Glen, Terra Glen, Stonecliffe, Marcella Woods, Lexington Ridge, Pines Edge, and Pearlmont Heights. More moderately priced homes can be found in Brittany Estates, Blackhawk Ponds, Steeplechase of Eagan, and Centennial Ridge.

Average Sold Price	$200,000 - View Graph Trend

Eagan 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.

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