Albertville, MN Homes for Sale
Currently looking at the housing market for December 2009 in Albertville, Wright County, Minnesota, we saw a total of 13 new homes listed. This brings us down a single listing compared to last year's 14 active properties for sale in December of 2008. This drop is a negative 7.1% change, but there were still a total of six sales closed this year as in 2008 as well. Many of these were in fact short sales in mn.There was a positive 8.2% increase, with the median sales price coming in at $155,150 over last years $143,450. The average sales price did show a small dip of a negative 2.3%, with last year's price of $161,950 over this year's, $158,300. There was a positive 2.5% climb on percentages of original listing prices received at the close of sale, with 90.8% this year to last year's 88.6%. As far as the number of days the houses were listed on the open market, we saw no increase or decrease from last years average of 109 days. There has been an overall steep decline in the number of single-family detached units for sale this year in Albertville, with only 39 in comparison to last years 71 units. As for townhouse-condo units, the numbers crunch a much closer 25 to last year's 24. With this new December data, we are seeing an overall trend of more market activity, as far as closes, but with less new units being introduced, and less appreciation than in the prior year.
Year to date, in 2008, we saw 271 new listings opposed to last years 209, bringing a negative 22.9% decrease. We did however, see more closed sales this year with 128 closed opposed to last years 115, giving a positive 11.3% increase. Median and average sales took a hit this year with median sales price dropping to $169,000 from last years $203,500, a difference of a negative 17.0%. There was also an average sales price decrease of negative 14.6%, with last year rounding out to $207,170, and then dropping this year to $176,924. On another positive note, the percentage of the original list price received at sale rose this year by a positive 2.0%, with 92.9% this year to last years 91.1%.
Lastly, we saw a positive change in the days on market section of the mn real estate market. The average days houses were on the market last year was 8.8% more than this year, with homes for sale averaging only 144 days on the market this year compared to last year's 158.
This has been an update of both December 2009 to December 2008, as well as yearly comparisons for the real estate market in Albertville, MN
Labels: Albertille home update, Albertville MN homes for sale, Albertville real estate
