St. Cloud, MN - Real Estate Blog

A couple of big things should stand out to home owners as we start a new year in 2009.

1) Median and average home prices are showing drops of 18% as compared to the same timeframe last year.

2) Bank owned properties are making up more than 50% of all real estate transactions posted on the St Cloud MLS.

Click on the file below to see the overall real estate sales statistics for St Cloud, Waite Park, Sartell, and Sauk Rapids Minnesota.  Please note that this file is intended for personal knowledge.  If you are planning on using any of the information contained herein, please acknowledge its author (Jason Tangen - e-PRO, GRI - Broker Associate with Edina Realty in St Cloud) properly.

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If you would like to view previous Tangen reports, visit http://stcloudedina.com/blog/the_tangen_report/.

If you would like me to break down the statistics for your specific neighborhood or area in Central Minnesota, please post your request here for everyone to see and use in the future.

Jason Tangen - GRI, e-PRO - Real estate broker associate with Edina Realty in St Cloud MN

www.StCloudEdina.com - Try the e-Market Analysis free home value estimator.

www.StCloudEdina.com/blog - REAL ANSWERS for REAL ESTATE in St Cloud MN

Best on the Internet for Real Estate St Cloud MN.

Posted by Jason Tangen at 07:22 AM | Permalink | Comments (0)

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Here are the numbers of total residential homes that were sold in each area during last month.

North St Cloud - 17

South St Cloud - 21

East St Cloud - 7

West St Cloud - 9

Sauk Rapids - 20

Sartell - 13

Waite Park - 5

St Joseph - 5

If you would like more data for real estate sales in central Minnesota, give me a call at (320) 492-2667 or post your requests here.  I can pull together just about any real estate related data that you would like from specific office sales to average sales prices and more.

Jason Tangen, GRI - Real Estate Broker Associate with Edina Realty in St Cloud MN

http://StCloudEdina.com - Home of the e-Market Analysis (free home value estimator).

http://JasonTangen.EdinaRealty.com - Search real estate in St Cloud MN.

Best on the Internet for Real Estate St Cloud MN

Posted by Jason Tangen at 09:27 AM | Permalink | Comments (0)

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I ran across an interesting stat the other day while pulling some numbers for real estate sales in North St Cloud.  Thanks in part to a huge amount of foreclosed property sales, the cheapest style home (on average) purchased from Jan. 1st of 2009 was the rambler.  One level homes averaged a whopping $96,450 sales price as compared to $104,263 for 1 1/2 - 2 story homes and $131,640 for split level properties.

Please note that this statistic is highly skewed due to the amount of bank owned properties that have sold this year.  In North St Cloud, as it pertains to rambler style homes, 9 of the 12 cheapest homes sold were foreclosures and the cheapest seven (all bank owned) were under $84,000.

On a bright note, this set of numbers that I pulled together showed that negotiations were pretty tight.  On average (for all styles of properties), homes were being sold at roughly 96% of their current listing prices.  That is good for everyone to know that generally speaking homes aren't being listed at $100,000 and sold at $50,000.

Want some detailed statistics for real estate in your community?  Shoot me an e-mail at jason@stcloudedina.com or post your questions here for everyone to learn from.

Jason Tangen - Real Estate Broker Associate with Edina Realty in St Cloud.

http://JasonTangen.EdinaRealty.com - Search for real estate in Sartell, MN.

http://StCloudEdina.com - Home of the e-Market Analysis (home value estimator).

Posted by Jason Tangen at 09:22 AM | Permalink | Comments (0)

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