Friday, July 13, 2012
Apple Valley's closed sales number remained unchanged from last year, while Rosemount's housing market experienced a 29-percent increase year over year in closed sales.
Across the region, the market is finally starting to tilt in favor of sellers, rather than buyers, the Minneapolis-Area Association of Realtors is reporting this month. The bottom line: The median sales price in June 2012 rose 10.7 percent from the previous June to $179,500. That’s the second-largest annual gain since January 2004 and the fourth consecutive month of year-over-year gains. Excluding only June 2010, home prices in the Greater Twin Cities area are now at their highest level since October 2008. However, in Apple Valley and Rosemount—where in the past couple of months median sales prices virtually skyrocketed compared to previous levels—sales price did increase in June, but more modestly, and at percentages lower than the metro-…
Wednesday, June 13, 2012
Both cities experienced an increase in median sale prices of homes sold during May.
Home sales prices were looking up yet again during May in Apple Valley and Rosemount, and elsewhere around the Twin Cities. Both cities experienced a median sales price increase of around 16 percent this May as compared to sales prices in May 2011. In Rosemount, it was a 15.8 percent increase to a median $181,000, and in Apple Valley, a 16.1 percent increase to a median $171,450. In Apple Valley, that growth still didn't quite match April's, which was more than 42 percent above the median price in April of last year—$195,000 compared to $137,000. In Rosemount in April, the median sales price for April in Rosemount was $164,950, about 11 percent more than in April 2011. But on the year, the $158,350 median sales price in Apple Valley is …
Saturday, May 12, 2012
The median home sales price in Apple Valley for April exceeded April 2011 by more than 42 percent.
In April, the median home sales price for the Twin Cities metro area was $163,000, up 12.4 percent from April 2011, the Minneapolis Area Association of Realtors has reported; this comes after March's year-over-year increase—the region's first since October 2010. The 12.4 percent is the Twin Cities' largest year-over-year jump since January 2004. And the news in Apple Valley is also promising. The median home sales price in Apple Valley continued its growth with gusto during April, finishing the month more than 42 percent above the median price in April of last year—$195,000 compared to $137,000. The median sales price for March this year was up 5.8 percent from the median sales price in March 2011—$140,737 compared to $133,000 a year ago. …
Thursday, April 12, 2012
The number of closed sales fell short compared to last March, but Apple Valley homes sales for 2012 thus far still outpaced first quarter 2011.
The real estate downturn may be nearing an end in the Twin Cities area if the newest numbers are any indication. The Minneapolis Area Association of Realtors released statistics this week that show residential real estate prices across the Twin Cities region are on the rebound; the median price of homes sold in March was up 6.4 percent from the same month last year—the first such year-over-year increase since October 2010. In Apple Valley, the news on the home prices front has looked similarly promising during February and March this year. The median sales price for March this year was up 5.8 percent from the median sales price in March 2011—$140,737 compared to $133,000 a year ago. In February, it exceeded the February 2011 mark by nearly…
Thursday, January 12, 2012
Realtors say the last piece of the housing market recovery will be an increase in sales price because of low inventory.
The Twin Cities real estate forecast is still chilly, but there are at least a few rays of sunshine poking through the clouds. In 2011, the median sales price of homes in the 13-county Twin Cities region fell to $150,000, down 11.7 percent from the already depressed levels of 2010. The Twin Cities’ median sales price peaked at $230,000 in 2006. Apple Valley landed at the same $150,000 median home sales price on the year, according to new statistics from the Minneapolis Area Association of Realtors, but got there after an even greater 15.3 percent price decrease. December's median sales price in Apple Valley was even below that, at $147,125 among 42 closed sales. The current median-value home price in Apple Valley is $197,800. Inventory in …
Friday, November 18, 2011
Closed sales for the year to date exceeded last year's by 88 at the end of October, though the year-to-date median sales price remains lower.
The number of closed sales on homes in Apple Valley during October 2011 more than doubled from the number that sold in October 2010, according to the latest report from the Minneapolis Area Association of Realtors. There were 86 closed sales this past month, compared to 40 in October last year. That brings the year-to-date total of closed sales to 612, ahead of the 524 by October 2010's end. October's 86 closed sales also were above September's 59 closed sales (which also beat September 2010, at 53). In contrast to last month's figures, the median sales price in October actually was higher than during October 2010, but by less than $2,000. In September, the median home price was about $26,000 less than in September 2010. Year to date, …
Scott Fagerstrom
2:26 pm on Sunday, April 15, 2012
Great to see the median price finally turn around; the dropping number of days it takes to sell a home there is even more impressive. Wonder if it's time to start looking again? more ›