Local housing market: Let’s do the numbers
While the market is still tight, things are looking up in some areas for both potential buyers and sellers, according to realtor Alex Moros of Better Homes and Gardens Real Estate. New listings and closings are both up in Como Park, Lauderdale and Falcon Heights, while St. Anthony Park still has a low inventory. The median sale price is up 46.2 percent in Lauderdale from this time last year. The news is less encouraging in Falcon Heights, where median sales prices have dropped by more than 19 percent.
Current inventory numbers (as of Sept. 9)
Como Park: 92 on the market 529 sold between Sept. 9, 2011, and Sept. 9, 2013
Falcon Heights: 30 on the market 281 sold between Sept. 9, 2011, and Sept. 9, 2013
Lauderdale: 7 on the market 48 sold between Sept. 9, 2011, and Sept. 9, 2013
St. Anthony Park: 11 on the market 68 sold between Sept. 9, 2011, and Sept. 9, 2013
Average sale price
Como Park
July 2012: $197,162 July 2013: $209,314 Increase: 6.2%
Falcon Heights
July 2012: $298,300 July 2013: $240,844 Decrease: 19.3%
Lauderdale
July 2012: $114,950 July 2013: $168,000 Increase: 46.2%
St. Anthony Park
July 2012: $272,167 July 2013: $271,750 Decrease: 0.2%
