There are currently five homes for sale in our Elm Creek Park Reserve neighborhood (down from seven last month) with an average time on the market of 97 days (down from 116). There were three homes sold in November. The decrease in the number of homes for sale mirrors Maple Grove and the Twin Cities real estate market as a whole with around a 22% decrease in inventory or the number of homes for sale, leading to more of a balanced market currently.
YTD, we're at 17 homes sold in our neighborhood at an average list price of $161,993 for the homes have sold/closed and an average list price of $201,129 for the three homes that are pending (sold/not yet closed).
Click here to see the listings (note that this link will expire in January 2011)
The green dots on the map represent homes that are for sale, yellow homes that have sold but not yet closed and black are homes that failed to sell.
Don't hesitate to contact me with any additional questions or comments:
SteveHoem@edinarealty.com or (612) 207-3311
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