Saint Cloud Minnesota Area Real Estate Market update - Waite Park and vicinity housing statistics 2007 vs 2008
This is a year over year comparison for single family homes in the Waite Park Minnesota housing market. The date range for the last full calendar market year is January 1, 2006 thru January 1, 2007. This year is the housing market from January 1, 2007 through January 1, 2008. Please check back for market updates for the 2009 year.
- Total number of active listings last year 104, this year 96, percent of the change -7.
- New listings last year 83 this year 75, percent of the change -9.
- Number of homes under contract last year 34 this year 34 percent of change 0.
- Number of homes sold last year 33 this year 33 percent of change 0.
- The total sold volume for the Waite Park area last year 4,188,200 this year 4,260,395 percent of change +1.
- Average sale price last year 126,915 this year 129,103 percent of change +1.
- Percent of list price to sold price, last year 97% this year 98%.
Areas with low changes in Average Sale Price (0-10%), and marked reduction in Listing Inventory,
are remarkably stable areas. Areas with greater change in Avg. Sale Price may be great places to buy!
for more information about the Saint Cloud and Waite Park area of Minnesota or to view homes currently for sale go to my website at
www.stcloudareahomesforsale.com The Listing Holdover Ratio (LHR) depicts the unsold listing inventory held over from the previous market year (New Listings/Total Listings). The LHR for year end 2007 was 20%, and for year end 2008 22%, indicating an increase of 2%. When sales outpace new listings, the LHR will go down, and the market will stabilize. The LHR for Waite Park increased slightly, but, Avg. Sale Price and List/Sale Price Ratio also increased, indicating a move toward a stable market.
Steve Baklaich
RE/Max Realty Source
(320) 260-3290
