Snapshot of Home Sales Statistics in Hugo, MN Year End 2015
By Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro
The housing market in Hugo, Minnesota has improved significantly in 2015. This north metro Washington County community just outside of White Bear Lake saw increased new listings and closed sales in 2015. With closed homes statistics rising faster than new listings, housing inventory is still low in this northern Minneapolis/St. Paul suburb. This could the reason the average sales price rose again for the fourth consecutive year to over $259,000. The amount sellers are receiving on sales is close to asking at 97.3% which is slightly up from 2014 and it continues to be one of the highest ratios for communities in the north and east metro area. The average price per square footage likewise jumped from $111/square foot in 2014 to $119 at the end of the year. Time on the market to sell a Hu...