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The Como Park Market Trends and Stats have just been released from the Minneapolis Association of Realtors (MAR). The Como market still remains one of the strongest in all of St. Paul.
Como Park did see a decrease in inventory last year in 2008 (197) to 2007 (230), which was a 14.3% change. A decrease in inventory is not always a bad thing,especially for sellers. Less inventory means better competition between properties.
The average sales price in Como has dropped down to $188,925 in January and took an overall drop to $201,473 in 2008, which is a 10.8% decrease in average slaes price from 2007. Sellers are still receiving about 93.5% of their asking price when they sell their home, by far the best percentage in St. Paul.
The average days on market for a home to sell in Como Park is roughly about 4 months, depending on the agent. Our team has sold many Como Park homes in less than a week with multiple offers. There has been a 18.4% increase in days on market from 2007 to 2008 in Como Park. In January, there was an average of 75 homes listed for sale in Como Park. This is pre-spring market inventory so I expect that number to jump up drastically in the next few months.
If you would like to search some Como Park homes for sale click here
If you would like more information on getting your Como Park home sold please email Shawn@HartmannTeam.com or feel free to call anytime at 651-468-9099.
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