Bob Timm's "RealMan" Blog

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Minot Real Estate report week ending 07/072018

Minot Real Estate

07/07/2018

This week there were 6 homes sold (closed) in this very narrow category of stick built, single family homes located in the City limits of Minot. A look at the Red chart below shows there were 19 closings overall to include all properties in our MLS. Of the homes that closed this week the average days on market was 65 compared to last weeks 107 days. Over all homes much faster and for more money per square foot this week.

 Minot Real Estate 07/0/72018

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 07/07/2018

Be sure to note the line above as this is a very restrictive report. There were 6 homes sold in this limited category. The most expensive home sold for $320,000. and it was on the market for 86 days. The least expensive home sold for $85,000. and it was on the market for 68 days.  Average days on market for the 6 homes sold was 65 days. Of the homes sold the average price per square foot (total square footage) was $103.54 (compared to $92.66 last week).

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 2 commentsBob "RealMan" Timm • July 07 2018 03:52PM

Comments

Wow Bob,  I should take all 13 as a invenstment, that can only go up with the oil firlds getting going again.

 

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) 14 days ago

That's not a bad plan Will Hamm but I've alreadt proven that property management is not for me. However I have done OK on flipping .

Posted by Bob "RealMan" Timm, Bob Timm, Broker Associate, Alliance Real Estate (Alliance Real Estate - Minot) 14 days ago

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