Local Market Update – October 2011
A RESEARCH TOOL PROVIDED BY THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS®
- 100.0% - 100.0% - 100.0%
Castle Rock Change in
New Listings
Change in
Closed Sales
Change in
Median Sales Price
Township October Year to Date
2010 2011 +/– 2010 2011 +/–
New Listings 2 0 - 100.0% 7 8 + 14.3%
Closed Sales 1 0 - 100.0% 5 4 - 20.0%
Median Sales Price* $81,200 $0 - 100.0% $127,000 $145,000 + 14.2%
Average Sales Price* $81,200 $0 - 100.0% $146,340 $133,500 - 8.8%
Price Per Square Foot* $73 $0 - 100.0% $96 $102 + 6.0%
Percent of Original List Price Received* 80.0% 0.0% - 100.0% 93.3% 79.7% - 14.6%
Days on Market Until Sale 44 0 - 100.0% 47 189 + 302.1%
Inventory of Homes for Sale 3 2 - 33.3% -- -- --
Months Supply of Inventory 2.5 2.0 - 20.0% -- -- --
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
2010 2011
October Year to Date 2010 2011
8
2 7
5
1 4
0 0
- 100.0% - 100.0% + 14.3% - 20.0%
New Listings Closed Sales New Listings Closed Sales
Twin Cities Region b
Change in Median Sales Price from Prior Year (6-Month Average)**
Castle Rock Township a
+ 10%
+ 5%
0%
- 5%
- 10%
- 15%
- 20%
- 25%
- 30%
- 35%
- 40%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011
** 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 | Current as of November 11 2011 All data from Regional Multiple Listing Service Inc | Powered by 10K Research and Marketing | Sponsored by Royal Credit Union
period. 11, 2011. Service, Inc. Marketing. www rcu org
www.rcu.org