Our Neighborhood Market Statistics

	Jim & Connie Erickson "Your Friends in Real Estate" Showcase of Homes Realty (612) 382-6925

We live in a great Maple Grove neighborhood and have provided our friends and neighbors a place for them to keep informed of the residential home market statistics. Some of our friends and neighbors have requested to set them up with auto-notification by email of Our Neighborhood sales activity.

PLEASE NOTE: Beginning in 2009, Our Neighborhood area has been narrowed down to the map shown on the right due to recent MLS technology. This area better reflects the home values, years built and geography.

(Take a virtual tour of Edward Lake)

Our Neighborhood Single-Family Homes Sales Summary 2010 (thru May)

(Does not include town homes, condominiums, twin homes or new construction)

Sold - 6 Properties in Our Neighborhood

	List Price	DOM	CDOM	Sale Price	Beds	Baths	Year Built	Taxes	Total FSF	Price per TFSF	FSZ
Min	$309,900	15	15	$320,000	3.00	3.00	1988		1,986	111.53	993
Max	$507,500	152	161	$500,500	6.00	4.00	1997	$6,772	4,231	161.13	1,703
Avg	$417,017	68.2	103.3	$404,900	4.00	3.67	1995	$3,661	3,251	127.70	1,320

Maple Grove Single-Family Homes Sales Summary 2010 (thru May)

(Does not include town homes, condominiums, twin homes or new construction)

Sold - 185 Properties in Maple Grove

	List Price	DOM	CDOM	Sale Price	Beds	Baths	Year Built	Taxes	Total FSF	Price per TFSF	FSZ
Min	$94,900	4	5	$110,000	2.00	1.00	1930		881	47.95	651
Max	$650,000	417	790	$625,000	6.00	6.00	2007	$19,015	5,350	195.95	2,690
Avg	$292,117	76.5	133.6	$283,925	3.82	2.86	1986	$4,073	2,552	113.24	1,316

(PLEASE NOTE: The table below and section labeled "Our Neighborhood was based on a much larger area and is no longer used.)

Our Neighborhood vs Maple Grove Single Family Annual Sales Summary (1998-2009)

(Does not include town homes, condominiums, twin homes or new construction)

Year	City of Maple Grove						Our Neighborhood
Year	Total Sales	Avg. Sq Ft	Avg. List Price	Avg. Sale Price	% var	Avg Days on Market	Total Sales	Avg. Sq Ft	Avg List Price	Avg. Sale Price	% var	Avg Days on Market
1998	795	2,135	$172,545	$170,158	n/a	-	22	2,713	$210,215	$205,836	n/a	22.5
1999	684	2,135	$193,197	$191,564	12.6	-	69	2,297	$211,151	$209,582	1.8	-
2000	616	2,168	$214,232	$212,617	11.0	-	61	2,351	$229,300	$227,437	8.7	29.5
2001	672	2,165	$238,493	$236,855	11.4	40.4	57	2,201	$252,646	$251,826	10.7	28.4
2002	675	2,245	$261,308	$257,856	8.9	37.9	87	2,387	$296,921	$289,660	15.0¹	40
2003	697	2,268	$286,678	$282,607	9.6	36.5	67	2,456	$333,592	$328,801	13.5¹	37.9
2004	717	2,323	$308,511	$305,009	7.9	36.4	68	2,356	$316,779	$312,272	-5.0¹	38.6
2005	690	2,415	$336,313	$332,601	9.0	49.2	61	2,341	$341,810	$337,942	8.2	46.1
2006	641	2,418	$347,365	$341,771	2.8²	91.5	67	2,617	$367,882	$357,434	5.8²	84.4
2007	516	2,524	$353,443	$344,443	0.8	106.1	47	2,485	$351,706	$342,244	-4.5	112.9
2008	516	2,572	$341,061	$329,493	-4.3	140.6	50	2,620	$348,461	$333,997	-2.4	160.3
2009	511	2,530	$298,659	$289,654	-12.1³	131.1	15	3,129	$405,450	$391,233	8.2³	130.5

¹ 2002 and 2003 activity from a new high-end single family homes development which may explain the drop in % var in 2004.
² 2006 numbers show a definite return to normal market conditions compared to the double digit appreciation markets in 1999-2005 Our Neighborhood shows stronger demand for upper-end homes in 2006 as compared to the rest of Maple Grove.
³ 2009 shows market stability in Our Neighborhood compared to Maple Grove which had high inventories of bank owned and short sale properties compared to 2008.

Based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC.

If we can serve you in any way, please let us know.

Contact Jim & Connie Erickson