4735 Victor Path #10, Hugo MN 55038 - SOLD

SOLD: 4735 Victor Path #10, Hugo MN 55038

General Property Information 

Area: Victor Gardens

County: Washington

Postal City: Hugo

School  District: 624 - White Bear Lake, 651-407-7500
Listing Agent: Sarah Marrinan

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55014 and 55038 Median Sales Price History 2011-2014

Real Estate Sale Price History for 55014 and 55038

Are you considering buying or selling a home in the Lino Lakes, Hugo, Centerville or Circle Pines area?  Know the market trends and how to interpret them is key to your successful real estate transaction!

Check out this January 2015 Median Sale Price Data.

This graph illustrates all homes in these zip codes that are not on the water and previously owned.

55014 and 55038: Previously Owned, Single-Family, Non-Waterfront

This graph illustrates sale price data on all homes in these zip codes that are over $300,000 and over 2,501 finished sq feet not on the water and previously owned.

55014 and 55038: Previously Owned, $300,000 or More, Single-Family, 2,501 sq ft or More, Non-Waterfront
http://northstarmls.stats.10kresearch.com/infoserv/s-v1/tzkI-90z

This graph illustrates all homes in these zip codes that are not on the water and NEW CONSTRUCTION.

Want more details about home value trends in your area? Average time is takes to sell a home? How much competition there is for buyers for your home?   Contact me today!

Want to search for homes on your own? Visit www.CallSarahFirst.com

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Hugo and Lino Lakes Market Report for October 2014

Hugo MN Real Estate Stats
October 2014

HUGO, MN REAL ESTATE STATS

According to Trulia, the median sales price for homes in Hugo, MN for Jul 14, 2014 to Oct 14, 2014 was $183,603. This represents a decline of 3.4%, or $6,397, compared to the prior quarter and a decrease of 19.1% compared to the prior year.

• Sales prices have appreciated 19.6% over the last 5 years in Hugo. 
• The average listing price for Hugo homes for sale on Trulia was $302,115 for the week ending Oct 22, which represents an increase of 2.6%, or $7,568, compared to the prior week and an increase of 2.1%, or $6,218, compared to the week ending Oct 01. 
• Average price per square foot for Hugo MN was $154, an increase of 6.9% compared to the same period last year.

LINO LAKES, MN REAL ESTATE STATS

Lino Lakes MN Real Estate Stats
October 2014

The average listing price for Lino Lakes homes for sale on Trulia was $300,095 for the week ending Oct 22, which represents a decline of 1.3%, or $3,970, compared to the prior week and a decline of 5.4%, or $17,185, compared to the week ending Oct 01.

• Sales prices have appreciated from $263,675 to $276,900 over the last 5 years in Hugo. 
• The average price per square foot is similar to the pricing we saw in 2003.
• Average price per square foot for Lino Lakes, MN has maintained around $162 for the last year.

So what does the market FEEL like to an active local agent?  

Prices have gotten a bit "soft" in the last few months and buyers seem less active; particularly in homes over $300k.
Demand still feeling particularly high for entry level homes under $125k but these buyers aren't looking for an investment or remodeling project, they are looking for something liveable (and financeable).

The REALTOR association finally reported (on a national level) what I have been feeling locally for a few months: "price appreciation is slowing as foreclosures dry up and investors retreat"
 and this is evident in the number from our local MLS.

• The "Months Supply" of inventory for 55038 and 55014, the indicator of Buyer's vs Seller's market, hit 5 months in August  (we say the market tips in the buyer's favor at 3 months supply) so we definitely tipped back into the buyer's favor this fall.
• In 2013, these areas saw 815 home sales with a media price of $195,000. So far in 2014, we have seen 552 sales with a median price of $207,450.
• In 2013, we saw 24 homes sell over $500k. So far in 2014 we have seen 12 homes sell over $500k.
• In 2013, we saw 62 homes sell under $100k. So far in 2014 we have seen 11 homes sell under $100k.
• In 2013, we saw 15 homes sell over 4,000 sq ft at a media price of $483,150. So far in 2014 we have seen 8 homes sell over 4000 sq ft at a median price of $456,250.
• In 2013, homes listed between $350k and $450k sold in an average of 21 days. So far in 2014 homes listed between $350k and $450k sold in an average of 45 days.

So I ask: What is influencing your willingness to buy or sell a home in the coming months?

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55038 Current Market Insight (Hugo, MN/Lino Lakes, MN)

ARE YOU THINKING ABOUT BUYING OR SELLING A HOME IN THE 55038 (HUGO/LINO LAKES) ZIP CODE?

Here is the current market low down straight from the MLS (not from commonly inaccurate public websites).  

Here are some current MLS stats 55025:

• There are 125 properties currently listed for sale in 55038; 14 of these homes are distressed (short sale or foreclosure) and 12 of them are listed as waterfront property. 14 are new construction. New constructions homes are currently listed between $200,000 and $650,000.
• 16 of the homes for sale in 55038 have accepted contingent offers. 
• Additionally, 36 homes are pending sale (contingencies removed but haven't officially closed yet); 14 of these homes are townhouses/condos or twin homes.
• There are 37 townhouses on the market and 8 of them have accepted contingent offers. Of the 29 available townhouses, 8 are $150,000 or less. None are less than $109,900

Here are some more stats from the last year for 55038:

• 378 properties have sold (or are pending sale) in the last year. 209 of those were single family homes (the remaining were townhouses, condos, and twinhomes)
• 97 of these single family homes were between $200,00 and $300,000; 
• Of the 97 homes that sold in this price range: 
• 55 of those homes were built between 1990 and 2000
• 3 of those 55 homes were on 1-10 acres (23 homes with between 1 and 10 acres sold in the last year) 
• 199 homes (non-waterfront) sold for under $200,000. 50 of these homes were single family homes. 33 of those 199 homes were distressed sales. 
• 7 waterfront homes sold in the past year; 1 sold under $200,000.
• 48 homes sold for over $500,000
• 169 of the properties sold were townhouses. 38 of them sold for $125,00 or less but some new construction detached townhomes sold for as much at $573,654!

Want to know how these numbers affect your plans to buy, sell or invest in real estate?  Call me or Email me!

13457 Europa Court N #9, Hugo, MN Presented by Sarah Marrinan.

13457 Europa Court N #9, Hugo, MN Presented by Sarah Marrinan.
Wonderful end unit with 3 bedrooms, laundry and storage On one level! This clean, desirable townhome is located at the end of a cul-de-sac, it provides low traffic and privacy. Vaulted ceiling, open floorplan concept, maple cabinets, pantry and a breakfast bar. Large master with walk-in closet.


13457 Europa Court N #9 Hugo, MN 55038 
Contact Sarah Marrinan for more information. Keller Williams Premier Realty 651-964-0289

Click link to see more photos, school, area information and more: 13457-europa-court-n-9-hugo.info