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Blog & News

Low Inventory Brings Higher Prices

May is one of the busiest months of the year in the real estate market, and once again, and the lack of inventory and buyer demand can increase selling prices at a pace faster than the appraisers can substantiate.   Because buyer demand is so high, many sellers are asking for prices higher than...

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NIMBY Limits Apartment Construction

The National Apartment Association conducted a survey of government officials, developers, and owners, and found that despite skyrocketing rents, they are unable to build more apartments due to not-in-my-backyard (NIMBY) mindsets. Most communities are sympathetic to affordable housing needs,...

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Homes Are Selling Fast for Full Price or Higher

According to the Multiple Listings Service, the 27 homes sold in Chisago County since April 1, 2019, have sold for .27% over the asking price, but that does not take into effect the seller’s contribution to the buyer’s closing costs, which can be as high as 3% of the sale price. Nine of the 27...

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The Real Estate Market is Heating up!

After another long, hard winter new listings are starting to enter the market. Inventory is extremely low and multiple offers are common as buyers are competing for homes to buy. In March of 2018 there were 113 new listings in Chisago County but there were only 87 new listings last month.  There...

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Median Home Price is Up 10% Over Last Year

By the end of May the median home price in Chisago County rose to $243,000, year to date, compared to $220,500 for the first five months of 2017. The number of closed sales is down from 351 to 291 for the same period, according to the Multiple Listing Service. Our low inventory is pushing prices...

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Higher Prices for Lake Homes

Chisago County has several beautiful, large, recreational lakes 30-50 miles from the Twin Cities including; Green Lake, Chisago Lake, North & South Lindstrom Lakes, North & South Center Lakes, E & W Rush Lakes. Home prices on these lakes increased 11% in 2017 over 2016. There are many...

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