2010 Twin Cities Real Estate Stats
Date Posted:
Thursday, February 17 2011 2:45 PM
Take a deep breath – the 2010 real estate market has come to an end and it wasn’t all bad.
82,127 new listings came on the Twin Cities Real Estate Market in 2010.
37,608 closings took place, down 16.8 percent from 2009.
124 – average days on market for a single family detached home
143 – average days on market for a townhome or condo
92.1% - percent of original sale price received
$169,900 - median sale price. Up 2.3% from 2009
$211,186 – average sale price. Up 5.9% from 2009.
$185,000 – median sale price for a single family home
$135,000 – median sale price for a townhome or condo
39.9% of all sales were lender mediated transactions, down from 43.1% in 2009, but still higher than the level of 2008 at 31.4%. The top two lender mediated markets were in Northern Chisago County with 64.45% and North Minneapolis at 64%. The bottom two markets included Southwest Minneapolis at 12.4% and St. Paul Highland neighborhood at 10.4%. The median sale price for these transactions basically mirrored 2009 with foreclosures at $119,500 and $147,000 for a short sale.
$208,033 – median sale price for traditional transaction. Up 2% from 2009
Comments
Posted by minnesota real estateMar 31, 2011 12:00 AM CDT
Will be interesting to see how our mn real estate market progresses here as time moves along. Some warmer weather will bring out the home buyers no doubt!
Looking for a home in Minneapolis
Posted by AaronApr 18, 2011 12:00 AM CDTHi There, My wife and I are looking to relocate from Seattle, WA to Minneapolis. We are wanting to be home buyers within the next year or so, but need a place to stay with a vacancy of June 1st, 2011. I wanted to inquire about the process and probability of being able to set up a contract for deed for a home so we can rent it for a specific time and then have the option to buy the home. Do you have any clients that are interested in something like this? I would appreciate your feedback. Sincerely, Aaron Heinrichs (253) 394-2171
RE:Looking for a home in Minneapolis
Posted by KevinApr 19, 2011 12:00 AM CDTAaron, thanks for your note. Lise from our team will be in touch with very shortly to help you with all your real estate needs.