Bob Timm's "RealMan" Blog

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Minot Real estate Report Week Ending 11/25/2017

Minot Realtor

11/25//2017

 

During this Holiday week here were only 2 homes sold (closed) in this very narrow category of stick built, single family homes located in the City limits of Minot, compared to 15 last week . A look at the Red chart below shows there were 11 closings overall to include all properties. Of the homes that closed this week the average days on market was 110 compared to last weeks 108 days. Over all homes sold slower and for slightly less money per square foot this week.

 Minot Real Estate activity 11/25/2017

The chart above is the total MLS activity for the week. This includes ALL types of properties as well as all cities in our MLS. The chart below is very restrictive as explained below.

Minot homes for sale by price 11/25/2017

Be sure to note the line above as this is a very restrictive report. There were 2 homes sold in this limited category. The most expensive home sold for $290,806. and it was on the market for 83 days. The least expensive home sold for $272,450. and it was on the market for 96 days.  Average days on market for the 2 homes sold was 90 days. Of the homes sold the average price per square foot (total square footage) was $87.04.

This report is updated daily at MinotHome.com

 

BOB TIMM, BROKER ASSOCIATE, ALLIANCE REAL ESTATE - MINOT

1600 2nd Ave SW (The Arrowhead Shopping Center)

 Minot North Dakota 58701

Visit my website at www.MinotHome.com

Visit the Alliance RE wbsite at www.AllianceRE.net

Bob Timm, Realtor | Facebook

Call 701-852-1197 or text 701-720-8513

Comment balloon 7 commentsBob "RealMan" Timm • November 25 2017 02:31PM

Comments

Great market update I enjoy reading market updates. Thanks for sharing I hope you are enjoying your weekend.

Posted by Pat Champion, Call the "CHAMPION" for all your real estate needs (Coldwell Banker Camelot Realty) about 2 months ago

Good morning Bob "RealMan" Timm 

Thank you for sharing your information with us.

Have a great day 11/25/2017.

Posted by Anthony Acosta - ALLATLANTACONDOS.COM, Associate Broker (Harry Norman, REALTORS® ) about 2 months ago

Thank you Pat Champion I'm happy to say our market is recovering from what some would call an oil "bust" even though that would not be totally accurate.

Posted by Bob "RealMan" Timm, Bob Timm, Broker Associate, Alliance Real Estate (Alliance Real Estate - Minot) about 2 months ago

You are welcome Anthony Acosta - ALLATLANTACONDOS.COM and thank you for taking a look.

Posted by Bob "RealMan" Timm, Bob Timm, Broker Associate, Alliance Real Estate (Alliance Real Estate - Minot) about 2 months ago

Hi Bob "RealMan" Timm I  hope you and your family had a wonderful Thanksgiving Day..... it looks like you're market is making progress... 

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) about 2 months ago

Bob "RealMan" Timm this is very good detailed latest real estate report for Minot. Happy Thanksgiving!

Posted by John Pusa, Your All Time Realtor With Exceptional Service (Berkshire Hathaway Home Services Crest) about 2 months ago

Thanks John Pusa . When I first started to give this report it took hours to put together. Now it takes 45 minutes to an hour which is good so I can enjoy more of my Saturday. 

Posted by Bob "RealMan" Timm, Bob Timm, Broker Associate, Alliance Real Estate (Alliance Real Estate - Minot) about 2 months ago

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