First Time Home Buyer Statistical Snapshot of North St. Paul, MN Home Sales

First Time Homebuyer Real Estate North St Paul MN

First time homebuyers looking for a home in North St. Paul Minnesota have a good opportunity to find a great home at a great price. Any city that can boast having the world’s largest snowman smiling down on commuters as they travel along Highway 36 has to have some appeal, right? North St. Paul’s appeal is more than just the friendly icon it has some of the best opportunities for a First Time Homebuyer. Since many homes in this community were built in the 1950’s and are one to one and a half story bungalows, there are many homes with lower square footage and therefore lower price points. Most lots are about a ¼ acre or larger, perfect for the first time homebuyer. And with the average price per square foot running $80-90 during the past few months, the homes in North St Paul are very affordable.

Any city that can boast having the world’s largest snowman smiling down on commuters as they travel along Highway 36 has to have some appeal, right? In 2011, North St Paul, a quaint community located east of Minneapolis/St Paul metro, saw closed sales drop rise over 25%. New Listings are down by over 12% but not enough to push inventory levels too high. The average sales price did take a tumble to $129,117 and likewise the price per square footage dropped to $80 but this is to be expected as the area works through all the lender mediated and foreclosed homes. The average sales price is down roughly 12% and combined with similar drop for the past two years it appears that this eastern Ramsey County community is still in the process of moving toward a more stable market. The average days-on-the-market statistic is up a tad but at 129 DOM there is no need to be concerned. Sellers that reside in North St. Paul are not receiving their asking price and are accepting offers and average of over 10% lower than asking. With closed sales significantly up and lower inventory, it appears that the North St. Paul real estate market did do okay in 2011 but hopefully prices will start to rebound a bit more in 2011.

For additional details on the inventory levels in North St Paul MN at the end of 2011, Click HERE.

Are YOU a First Time Homebuyer in North St Paul, MN? 
If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of RE/MAX Specialists, a call or visit my website for a FREE Relocation Packet or Homebuyers Success Packet. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

Copyright 2012 Teri Eckholm http://www.terieckholm.com/