Bob Timm's "RealMan" Blog

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Minot Real Estate Market Report week ending 08/04/2018

Minot Real Estate Today

08/04/2018

This week there were 15 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 38 closings overall to include all properties in our MLS. Of the homes that closed this week the average days on market was 978 compared to last weeks 90 days. Over all homes sold slower and for less money per square foot this week.

 Minot Real Estate activity 08/04/2018

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 08/04/2018

Be sure to note the line above as this is a very restrictive report. There were 15 homes sold in this limited category. The most expensive home sold for $650,000. and it was on the market for 60 days. The least expensive home sold for $99,000. and it was on the market for 307 days.  Average days on market for the 15 homes sold was 97 days. Of the homes sold the average price per square foot (total square footage) was $96.85 (compared to $109.38 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 6 commentsBob "RealMan" Timm • August 04 2018 01:24PM

Comments

Bob, our market appears to be just the opposite, "hot".

Posted by Mike Frazier, Northwest Tennessee Realtor (Carousel Realty of Dyer County) 17 days ago

Happy Saturday Bob,  Always good to see your Saturday report of what is happening in the real estate market in Minot.

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) 17 days ago

Thank you for keeping us posted. Have a great weekend!

Posted by Jeremy K. Frost, Associate Broker, CNE, CRS, ePro, PSA (Keller Williams Realty) 17 days ago

Ours should be Mike Frazier and it is slowly picking up. ND oil production has been picking up speed and is at an all time high but we built so fast during the boom in and around 2010 and it all collapsed when the price of oil did around 2015. Of course at that same time the Nation as a whole was in the dumpster so people flocked here in droves. Now that things improved back home where those people came from many went home because they could and others were forced to leave when oil collapsed. One sign I've noticed lately of a resurgence is that during the boom you could not get a motel room... period. Then with the collapse virtually every motel in town was for sale and or in bankruptcy. Today their parking lots are filling up again.

Posted by Bob "RealMan" Timm, Bob Timm, Broker Associate, Alliance Real Estate (Alliance Real Estate - Minot) 17 days ago

It seems to be coming back Will Hamm  but at a reasonable pace instead of the madness we experienced during the boom.

Posted by Bob "RealMan" Timm, Bob Timm, Broker Associate, Alliance Real Estate (Alliance Real Estate - Minot) 17 days ago

You are welcome Jeremy K. Frost , I always appreciate your checking in. 

Posted by Bob "RealMan" Timm, Bob Timm, Broker Associate, Alliance Real Estate (Alliance Real Estate - Minot) 17 days ago

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