By Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro
Stabilization is the word that best describes the real estate market in the community of Forest Lake Minnesota. In 2011 compared to 2010 most statistics were pretty much status quo. New listings are down by over 10% and closed sales up by 12% but the average sales price did not take a hit nor did the days on the market go up or down considerably. Currently the average price is just a tad less than the 2010 average at $171,139. Price per square foot held strong at $91/sq ft which is comparable to other communities in the Washington County/east Anoka County area. Closed sales being up12% shows that buyers are interested in the Forest Lake area and that the market is continuing to improve. For additional details on the inventory levels in Forest Lake MN at the end of 2011, Click HERE.