Bob Timm's "RealMan" Blog

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Minot Real Estate Report, Week Ending 12/02/2017

Bob Timm, Broker Associate with Alliance RE Minot

12/02/2017

There were 12 homes sold (closed) in this very narrow category of stick built, single family homes located in the City limits of Minot, compared to 2 last week (Thanksgiving week). A look at the Red chart below shows there were 22 closings overall to include all properties. Of the homes that closed this week the average days on market was 99 compared to last weeks 110 days. Over all homes sold slower but for more money per square foot this week.

 Minot RE Activity 12/02/2017

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.

Homes for sale in Minot ND 12/02/2017

Be sure to note the line above as this is a very restrictive report. There were 12 homes sold in this limited category. The most expensive home sold for $359,000. and it was on the market for 73 days. The least expensive home sold for $40,000. and it was on the market for 40 days.  Average days on market for the 12 homes sold was 99 days. Of the homes sold the average price per square foot (total square footage) was $103.83.

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 8 commentsBob "RealMan" Timm • December 02 2017 02:20PM

Comments

Interesting Market report for Minot.

It looks like you probably have limit inventory under $100,000.

So the active spot is in the $100,000-$250,000 price point. This is similar to what I see in the SW Florida market.

Thanks

Posted by John Wiley, Lee County, FL Real Estate GRI, SRES,GREEN,PSA (Jones & Co. Realty) about 1 month ago

Thanks for sharing your market information....have a wonderful Saturday!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) about 1 month ago

Hello Bob "RealMan" Timm,  always great to see your market reports every Saturday.  Make it a great day!

 

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) about 1 month ago

Thank you Will Hamm I'm happy to report we seem to be on the way back up. As long as we don't have another oil collapse we should be OK.

Posted by Bob "RealMan" Timm, Bob Timm, Broker Associate, Alliance Real Estate (Alliance Real Estate - Minot) about 1 month ago

An overall decent week is always a pretty good thing in my book! Good luck!

Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) about 1 month ago

I’m glad that you’re moving on Through the ranks in that “deluxe apartment in the sky” in your way Bob "RealMan" Timm

Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) about 1 month ago

Thank you for keeping us all updated. Best of luck!

Posted by Jeremy K. Frost, Associate Broker, CNE, CRS, ePro, PSA (Keller Williams Realty) about 1 month ago

You are welcome Jeremy K. Frost thank you for taking a look.

Posted by Bob "RealMan" Timm, Bob Timm, Broker Associate, Alliance Real Estate (Alliance Real Estate - Minot) about 1 month ago

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