Rochester MN Real Estate Market Blog

 I’ve taken a new listing at 1128 Tiger Ln SE Rochester, MN 55904.  It is a 4 bedroom, 3 bath walkout ranch in Hundred Acre Woods.  The listing number is 4030146.  You can find all the details here.

I’ve taken a new listing at 2626 61^st St NW Rochester, MN 55901.  It is a 4 bedroom, 2 bath walkout split in Bandel Hills.  The listing number is 4033238.  You can find all the details here.

 I’ve taken a new listing at 2138 Fieldstone Rd SW Rochester, MN 55902.  It is a 3 bedroom, 2 bath walkout split in Fieldstone.  The listing number is 4033911.  You can find all the details here.

I’ve taken a new listing at 604 Fox Chase Rd SW Rochester, MN 55902.  It is a 4 bedroom, 3 bath walkout ranch townhome in The Villas at Orchard Hills.  The listing number is 4033911.  You can find all the details here.

I’ve taken a new listing at 5518 Eisenhower Ln SE Rochester, MN 55904.  It is a 4 bedroom, 4 bath ranch in Colonial Oaks.  The listing number is 4033315.  You can find all the details here.

 I’ve taken a new listing at 903 14^th Ave SW Rochester, MN 55902.  It is a 4 bedroom, 3 bath multi-level in City Lands.  The listing number is 4033934.  You can find all the details here.

 I’ve taken a new listing at 633 18^th Ave SW Rochester, MN 55902.  It is a 4 bedroom, 3 bath two story in Folwell Heights.  The listing number is 4033926.  You can find all the details here.

I’ve taken a new listing at 21 23^rd St SW Rochester, MN 55902.  It is a 3 bedroom, 2 bath  raised ranch in Shadow Run.  The listing number is 4033705.  You can find all the details here.

Signed contracts outpaced new listings in the Rochester Minnesota area housing market last week as we approach the end of the year and the inventory of homes for sale continues to drop.

The number of homes going under contract last week (December 9 to 15, 2011) was up 38% over the same time a year earlier. Although there were nearly 50% more closings last week than the second week of 2010, the total volume was only up 20% with the average sale price down 18% year over year.

The 22 homes that went under contract last week had an average list price of $173,997 and an average of 190 days on the market. The 18 new residential listings had an average asking price of $171,111. For the 28 homes that closed, the average sold price of $139,595 was 94.5% of the asking price, 83.9% of the original list price.

There are currently 669 active residential listings in Rochester, Minnesota with an average asking price of $205,267 and an average of 175 days on the market.

To view this past week’s area real estate activity, click here for new listings and click here for pended listings.

Shawn Buryska, Coldwell Banker Burnet Realty, Licensed in the state of Minnesota

The owner at 5518 Eisenhower Ln SE Rochester, MN 55904 just reduced their price to $399,500!  This is a 4 bedroom, 4 bath ranch.  Click here for more details.