Comparision of general data vs local data. Blaine MN citywide data compared to Red Oak Neighborhood local data.

1. Local Market Update – December 2011
A RESEARCH TOOL PROVIDED BY THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS®
- 26.5% + 27.4% + 4.6%
Change in Change in Change in
Blaine New Listings Closed Sales Median Sales Price
December Year to Date
2010 2011 +/– 2010 2011 +/–
New Listings 102 75 - 26.5% 1,651 1,427 - 13.6%
Closed Sales 62 79 + 27.4% 818 957 + 17.0%
Median Sales Price* $152,950 $159,950 + 4.6% $170,500 $154,950 - 9.1%
Average Sales Price* $189,018 $179,058 - 5.3% $199,486 $181,786 - 8.9%
Price Per Square Foot* $89 $84 - 4.8% $100 $88 - 11.9%
Percent of Original List Price Received* 89.6% 91.1% + 1.6% 93.6% 92.1% - 1.6%
Days on Market Until Sale 139 119 - 14.8% 125 132 + 5.7%
Inventory of Homes for Sale 435 266 - 38.9% -- -- --
Months Supply of Inventory 6.5 3.3 - 49.7% -- -- --
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
2010 2011
December Year to Date 2010 2011
1,651
102
1,427
75 79
62 957
818
- 26.5% + 27.4% - 13.6% + 17.0%
New Listings Closed Sales New Listings Closed Sales
Twin Cities Region b
Change in Median Sales Price from Prior Year (6-Month Average)**
Blaine a
+ 10%
+ 5%
0%
- 5%
- 10%
- 15%
- 20%
- 25%
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 January 9 2012 All data from Regional Multiple Listing Service Inc | Powered by 10K Research and Marketing | Sponsored by Royal Credit Union
period. 9, 2012. Service, Inc. Marketing. www rcu org
www.rcu.org

2. LOCAL INFORMATION IS ESSENTIAL
I’ve selected our neighborhood to show just how important local information can be. The housing statistics on the
previous page are for the entire city of Blaine and are not necessarily accurate or detailed enough to make a good local
decision. Below is a customized breakout specific to our neighborhood. As you can see, these figures are quite different
and more detailed. The median price for the City of Blaine was up 4.6% at $159,950. However the Red Oak
Neighborhood median price was down across all categories with Traditional Sales at $150,000, Foreclosure Sales at
$104,900, and Short Sales at $117,750. When making a decision, you need the most recent detailed local information
you can get your hands on.
The “choppiness” of this graph for
foreclosures and short sales prior to
2009 is due to the low number of
sales in those two categories as you
can see from the chart below that
shows the number of homes for sale
during the same timeframe.
Red Oak Neighborhood
Neighborhood Boundaries:
st
101 on the south
th
109 on the north
University Ave on the west
Jefferson St on the east