While slow, homes are selling

Balboa Pond Lily part deux.

Image by peasap via Flickr

According to the St. Paul Assoc. of Realtors.   The median sales price for a home in Lindstrom was at 194,000 as of July 2009 and this year it was listed at 114,050.    This is a change in the area of 41.2%. During this same period the average sales price was 199,114 and 125,005. So this is a change of 37.2%.   As of July 2010 there have been a total of 15  homes listed and 8 closed sales.   While the cost of homes is down, it looks like there is still a market for homes in the Lindstrom area.   Average days for a home to be on the market is 266 days which is 260.6% more days than a year ago. This is due to many factors and these can be discussed by contacting me.  As the market continues to be sluggish we have to be sure to list homes at what they will likely sell for.   A competitive market analysis is a great way to see what your home might sell for in today’s market.    In a time when our homes are typically worth less than they were a few years ago, we must use data to support the best price to list our homes at. If you are in the market to sell your home or buy one, please give me a call! I would love to share some of my tips for getting the best dollar for your home in today’s market.   Call Kim at 651-214-1459.

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