Local Market Update January 2012

A RESEARCH TOOL PROVIDED BY THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS

Minneapolis Nokomis

- 27.0%

+ 3.2%

+ 46.1%

Change in
New Listings

Change in
Closed Sales

Change in
Median Sales Price

January

Year to Date

2011

2012

+/

2011

2012

+/

New Listings

74

54

- 27.0%

74

54

- 27.0%

Closed Sales

31

32

+ 3.2%

31

32

+ 3.2%

Median Sales Price*

$123,900

$181,000

+ 46.1%

$123,900

$181,000

+ 46.1%

Average Sales Price*

$157,271

$176,796

+ 12.4%

$157,271

$176,796

+ 12.4%

Price Per Square Foot*

$111

$110

- 1.4%

$111

$110

- 1.4%

89.3%

88.4%

- 1.0%

89.3%

88.4%

- 1.0%

Days on Market Until Sale

129

129

- 0.4%

129

129

- 0.4%

Inventory of Homes for Sale

263

189

- 28.1%

--

--

--

Months Supply of Inventory

5.7

3.9

- 32.3%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

2011

January

2012

2011

Year to Date

74

2012

74
54

54
32

31

31

- 27.0%

+ 3.2%

- 27.0%

New Listings

Closed Sales

New Listings

32

+ 3.2%
Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Twin Cities Region

Minneapolis - Nokomis

+ 15%
+ 10%
+ 5%
0%
- 5%
- 10%
- 15%
- 20%
- 25%
1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their
share of sales during that period. | All data comes from the Regional Multiple Listing Service, Inc. | Powered by 10K Research and Marketing. | Sponsored by Royal Credit Union
www.rcu.org

Local Market Update January 2012

A RESEARCH TOOL PROVIDED BY THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS

Neighborhoods of Minneapolis - Nokomis

New Listings
1-2011

1-2012

+/

Closed Sales

YTD 2011 YTD 2012

+/

1-2011

1-2012

+/

YTD 2011 YTD 2012

+/

Diamond Lake

11

- 54.5%

11

- 54.5%

+ 250.0%

+ 250.0%

Ericsson

+ 100.0%

+ 100.0%

+ 50.0%

+ 50.0%

Field

- 16.7%

- 16.7%

+ 50.0%

+ 50.0%

Hale

- 40.0%

- 40.0%

- 20.0%

- 20.0%

Keewaydin

- 50.0%

- 50.0%

0.0%

0.0%

Minnehaha

12

- 25.0%

12

- 25.0%

- 100.0%

- 100.0%

Morris Park

10

- 60.0%

10

- 60.0%

- 50.0%

- 50.0%

Northrup

+ 33.3%

+ 33.3%

+ 100.0%

+ 100.0%

Page

0.0%

0.0%

- 100.0%

- 100.0%

Regina

- 33.3%

- 33.3%

+ 100.0%

+ 100.0%

Wenonah

- 25.0%

- 25.0%

+ 66.7%

+ 66.7%

Median Sales Price

1-2011

1-2012

+/

YTD 2011 YTD 2012

Days on Market Until Sale

+/

1-2011

1-2012

+/

YTD 2011 YTD 2012

+/

Diamond Lake

$239,450

$228,400

- 4.6%

$239,450

$228,400

- 4.6%

180

112

- 37.7%

180

112

Ericsson

$114,750

$141,750

+ 23.5%

$114,750

$141,750

+ 23.5%

103

103

0.0%

103

103

- 37.7%
0.0%

Field

$284,575

$184,000

- 35.3%

$284,575

$184,000

- 35.3%

86

117

+ 36.5%

86

117

+ 36.5%

Hale

$190,000

$249,150

+ 31.1%

$190,000

$249,150

+ 31.1%

98

114

+ 16.1%

98

114

+ 16.1%

Keewaydin

$247,450

$211,500

- 14.5%

$247,450

$211,500

- 14.5%

130

185

+ 42.9%

130

185

+ 42.9%

Minnehaha

$108,000

$0

- 100.0%

$108,000

$0

- 100.0%

127

- 100.0%

127

- 100.0%

Morris Park

$86,125

$114,500

+ 32.9%

$86,125

$114,500

+ 32.9%

121

316

+ 161.8%

121

316

+ 161.8%

Northrup

$72,275

$173,250

+ 139.7%

$72,275

$173,250

+ 139.7%

168

98

- 41.5%

168

98

- 41.5%

Page

$249,000

$0

- 100.0%

$249,000

$0

- 100.0%

294

- 100.0%

294

- 100.0%

Regina

$110,000

$61,500

- 44.1%

$110,000

$61,500

- 44.1%

56

102

+ 82.1%

56

102

+ 82.1%

Wenonah

$64,788

$84,910

+ 31.1%

$64,788

$84,910

+ 31.1%

158

126

- 20.5%

158

126

- 20.5%

Pct. Of Original Price Received

1-2011

1-2012

+/

YTD 2011 YTD 2012

+/

Inventory
1-2011

1-2012

+/

Months Supply
1-2011

1-2012

+/

Diamond Lake

98.4%

92.4%

- 6.1%

98.4%

92.4%

- 6.1%

34

22

- 35.3%

5.0

3.3

- 34.5%

Ericsson

83.0%

83.1%

+ 0.1%

83.0%

83.1%

+ 0.1%

17

14

- 17.6%

4.7

3.3

- 28.7%

Field

102.5%

87.5%

- 14.6%

102.5%

87.5%

- 14.6%

14

13

- 7.1%

4.4

3.9

- 12.6%

Hale

90.2%

99.8%

+ 10.7%

90.2%

99.8%

+ 10.7%

22

11

- 50.0%

6.7

2.5

- 63.3%

Keewaydin

86.9%

90.6%

+ 4.3%

86.9%

90.6%

+ 4.3%

22

13

- 40.9%

5.7

2.6

- 55.4%

Minnehaha

89.4%

0.0%

- 100.0%

89.4%

0.0%

- 100.0%

34

25

- 26.5%

7.0

4.2

- 40.8%

Morris Park

92.3%

86.7%

- 6.0%

92.3%

86.7%

- 6.0%

32

26

- 18.8%

7.5

4.9

- 35.3%

Northrup

72.7%

92.9%

+ 27.9%

72.7%

92.9%

+ 27.9%

24

23

- 4.2%

4.5

4.4

- 2.6%

Page

92.3%

0.0%

- 100.0%

92.3%

0.0%

- 100.0%

12

- 58.3%

3.3

2.0

- 38.9%

Regina

95.7%

77.1%

- 19.5%

95.7%

77.1%

- 19.5%

20

16

- 20.0%

4.4

5.1

+ 13.7%

Wenonah

83.8%

77.2%

- 7.9%

83.8%

77.2%

- 7.9%

32

21

- 34.4%

8.0

4.4

- 45.5%

All data comes from the Regional Multiple Listing Service, Inc. | Powered by 10K Research and Marketing. | Sponsored by Royal Credit Union

www.rcu.org