Sheburne County, MN and Surrounding Townships Market Update

by Michael Bolton on December 24, 2011

Market Update for Sherburne County

Sherburne County MLS StatsThe MLS indicates that prices for Sherburne County, MN have declined for the both the current month of November, and also year to date. However, the year to date decline was more than the current month. The MLS data is for all types of properties.

Defined Neighborhood SearchThe data for this market update below is based on the above search criteria over the past 12 months, which was done for a recent appraisal.

Neighborhood Trend Line

The style of homes that were selected for this trend line were rambler design single family home within Sherburne County for the past 12 months, for the exact search criteria and area, see map above. This market analysis indicates that prices, for this particular design of home, have been rising over the past 12 months, as indicated by the chart above. This is different from what prices for the overall market are doing, as indicated by the MLS statistics above.

Distressed sales (Bank REO’s & Short Sales) still play a large factor in the market, and make-up approximately 77% of the sales. The decline in inventory levels (35%) is felt to be enough to have a significant impact on the level of distressed properties.

If you have any questions, or real estate appraisal needs (divorce, bankruptcy, tax appeal, or estate planning) please contact Michael at 612.599-2581, or use the form on the contact page.

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