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Cottage Grove MN Homes sold February 200k and under

Here are the Cottage Grove Minnesota Real Estate Numbers for under 200k range for February 2015.

When buying a home in Cottage Grove MN:

This data is very important for you to understand since the terms will be used by most realtors.  Also when your buying a home you need to understand where the market is at.  If days on market are high then you may see less than list price offers. If the number of homes for sale is low and number of homes that have sold is high, homes are going fast and making a offer that is over list price is something you may have to do. This happens when the interest rates are low and people are trying to take advantage of having a lower payment even if their paying more for the home.

When selling a home in Cottage Grove MN:

This data is very important to you since selling your home is going to be consistent with what people have been paying for a home and how long it takes to for a home to sell on average.  When your realtor is meeting with you they will show you a report that has comparable homes that have sold.  Regardless of the homes that have sold near you, you should also be aware of homes across the whole city of Cottage Grove MN that have sold.  This way you have a range.  I always give a range of what a home can sell for.  The reason for this is that your neighbor could put their home on the market shortly after you for less, a short sale or foreclosure could come on and make your home overpriced.   When listing your home for sale in Cottage Grove MN, it is a test to see what the market will permit. Meaning that if a buyer is not willing to buy your home in the average number of days that homes are selling for in your area then buyers are not seeing value in your home.

Cottage Grove MN Homes for sale Closed Sales for 2/15

Cottage Grove MN Homes for sale 2-15 Dale Frisch We see a drop of closed sales in December of 2014 from 21 to 11 in Jan and 11 Feb.

Cottage Grove MN Homes for sale  Average Days on Market for 2/15

Cottage Grove MN Homes for sale 2-15 Dale Frisch Average days on market in the 200k and below range rose to 102 from 53 in Dec showing that it is taking longer to sell.

Cottage Grove MN Homes for sale for 2/15

Cottage Grove MN Homes for sale 2-15 Dale Frisch We see that homes for sale or (active) decrease from November.  This is good for sellers since there is less homes from buyers to choose from.  For buyers there at the will of the sellers if they wanted to get in a home while the interest rates are low.

Cottage Grove MN Homes for sale New Listings for 2/15

Cottage Grove MN Homes for sale 2-15 Dale Frisch New listings in Cottage Grove MN under the 200k went from 14 to 20.  Listings in Cottage Grove and throughout the Twin Cities will always drop off during the holiday season and then pickup during the spring season.

Cottage Grove MN Homes for sale Pending Sales for 2/15

Cottage Grove MN Homes for sale 2-15 Dale Frisch Pending sales on were up from 13 to 17. Not a big difference but with only 42 homes for sale it is good to see almost half of them selling.

Cottage Grove MN Homes for sale Average % of list price for 2/15

Cottage Grove MN Homes for sale 2-15 Dale Frisch Average % of list price dropped from 99% in Dec to 93.2 in Feb.  This is of course good for  buyers since they did paying less but for sellers this is not a good.

Cottage Grove MN Homes for sale Average Price Per Square Foot for 2/15

Cottage Grove MN Homes for sale 2-15 Dale Frisch Average Price Per Square Foot for the under 200k range was really good last fall but dropped a ton.   Again really good for buyers since it went from $112 a foot to $95 in Jan.  Price per square foot was below $100 for most of last year then surged in the fall.  This year it will be interesting to see which direction it goes next.

Cottage Grove MN Homes for sale Average Sales Price for 2/15

Cottage Grove MN Homes for sale 2-15 Dale Frisch Average Sales price in this 200k range was at high last year in August around 170k.  Now has dropped to the 150k mark where it was normally at last year.

 

Key Notes about the Cottage Grove Minnesota Homes for sale under 200k.

From a buyers view this market has gone up and down.  When it comes to buying it really comes down to the right home.  Most buyers I work with have a list of items and price is not their biggest concern.  Most buyers that have a family or are starting a family want 3 bedrooms on the main level.  Other factors that they’re looking for are private lots, updated kitchens, and storage space.  With interest rates for fha being lowered this made it better for buyers in this 200k range since they could get more home compared to their payment.

From a sellers perceptive: August and September of 2014 were the best time to sell last year.  Great Dale, but that is not going to help me this year.  Here is the deal, you have two ways to sell your home.  1. You can try to push the market by pricing your home high and see through showings how people are going to react.  The problem with this is the market can shift fast and you could miss the buyers that would have purchased your home at the highest point.  The problem is with this market going up and down in untraditional ways you will only be able to tell if you should have priced lower later when the monthly numbers come out. 2. You price your home correctly with the market. Pricing your home at market or below will cause a lot of attention around your listing and cause multiple offers which in that case the sellers always wins.

If you have questions about buying or selling a home in Cottage Grove Minnesota please feel free to give me a call, text or email.

Cottage Grove Minnesota Home Sold Data Video for November 2014

When selling your home in Cottage Grove Minnesota you need to know what homes are selling for!

Cottage Grove Minnesota homes for sale

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Cottage Grove Minnesota homes for sale data for November 2014