Blaine, MN A Market Turnaround in 2010
Blaine, MN A Market Turnaround in 2010!
That's right, if you have an interest in the Blaine, MN real estate market, you can breath a sigh of relief. According to the Minneapolis Area Association of Realtors, Blaine's market through November of 2010 has stabilized. In it's 100+ area report for Blaine, the sales stats show the overall value of home prices sold in 2010 to be up a whopping 1.5% through November of 2010. That is correct, I did say "up" 1.5%. Overall this is good for homeowners who are worried about what their property values are doing. Some other interesting facts about the Blaine market, is that listings are up for the year around 2.5%, while closed sales are down 15.3% through November of 2010. What does this mean for 2011? More houses for sale and less sales, usually mean a decline in prices. But, if you follow what is happening overall in the economy, there are a lot of positive signs! I look for the market to continue to climb in 2011 as long as interest rates remain low. For more information about Blaine's market, my contact information is below. For a weekly market update, check back here or send me an e-mail, and I will include you on my Blaine, MN market update list. Or if you would like a copy of the Blaine market update today, just send me an e-mail.
Travis Sabby, Re/Max Results
612.600.6000, travis@sabby.com
