Blaine Real Estate Market Activity
Wednesday, November 17th, 2010Home sales fell 43.5% in October from a year earlier Blaine MN according to data released by the Minneapolis Area Association of Realtors.
There were 61 homes sold in Blaine during October 2010. The $150,000 median sales price of a Blaine home sold in October was an -11.8% decrease from last year. The median is the point at which half of all homes sell for more and half sell for less. New listings in Blaine MN were down -8.4 percent in October.
Anoka County as a whole saw just a -3.6% median price decrease, to $154,450. That was on 272 sales that closed in October, down from 490 in October 2009. There were 558 new Anoka real estate listings during the month, a decline of just -1.9% from 2009.
The steep declines for October are in line with year-over-year changes since the tax credit for first-time and move-up homebuyers ended.
Buyers have the edge in negotiating. The percent of original list price received at sale declined -4.2% to 90.9%. For Anoka County as a whole, the decline was -4.3 to an even lower level of 90.1%.
SOLD
$250,000
SOLD
$289,900
$239,900