Snapshot of Home Sales Statistics in Coon Rapids, MN Year End 2013
By Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro
(Boardman Realty)
Coon Rapids, a northern suburb to Minneapolis, experienced a third year in a row with a significant decrease in new listings. But unlike the previous two years, the amount of homes closed also was down, but not for lack of interested buyers. This caused average sales price of a home in this vibrant Anoka County community to rise a healthy 17.7% pushing the price per square footage from an extremely low $69/sq ft in 2011 and a modest $75/sq ft in 2012 to a respectable $88/sq ft in 2013. This is still very affordable compared to other communities in Anoka County. Coon Rapids remains one of the most affordable options in the north metro. But for how long? Inventory dropped to an approximately two month absorption rate in 2013. Compare this to 7 months of inventory at the end of the 2010. ...
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