Saint Cloud Minnesota Area Real Estate Market update - Saint Joseph and vicinity housing statistics 2007 vs 2008
This is a year over year comparison for single family homes in the Saint Joseph 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 246, this year 206, percent of the change -16.
- New listings last year 184 this year 154, percent of the change -16.
- Number of homes under contract last year 85 this year 87 percent of change +2.
- Number of homes sold last year 87 this year 83 percent of change -4.
- The total sold volume for the Sauk Rapids area last year 15,348,426 this year 13,612,600 percent of change -11.
- Average sale price last year 176,419 this year 164,007 percent of change -7.
- Percent of list price to sold price, last year 99% this year 97%.
Listing Holdover Ratio (LHR) - unsold listing inventory held over from previous year, remained at 25% for 2008. The average sale price dipped 7% and the list to sale price ratio went down, probably a result of foreclosure activity in St Joseph in 2008. Inventory is high, But value is stronger than most areas. For more real estate information about Saint Joseph or to view homes currently for sale go to my website at
www.stcloudareahomesforsale.com Steve Baklaich
RE/Max Realty Source
(320) 260-3290
