Local Data vs Citywide Data: What's the Difference: Blaine MN 55434 Updated Housing Statistics: Real Estate Market Update
By Patti Ann Kasper, Blaine & North Metro Minneapolis St Paul Real Esta
(EXIT REALTY NEXUS)
LOCAL INFORMATION IS ESSENTIAL I’ve selected the Red Oak Neighborhood in Blaine MN to show just how important local information can be. The housing statistics on the first page below are for the entire city of Blaine and are not necessarily accurate or detailed enough to make a good local decision. The second page is a customized breakout specific to our neighborhood. As you can see, the local figures are quite different and much more detailed. The median price for the City of Blaine was up 4.6% at $159,950. However the Red Oak Neighborhood median price was down across all categories with Traditional Sales at $150,000, Foreclosure Sales at $104,900, and Short Sales at $117,750. When making a decision, you need the most recent detailed local information you can get your hands on. ...