Property Q&A in 55304>Question Details

Sissy, Other/Just Looking in Andover, MN

Have the homes in 55304 Andover, MN prices stabilized? Have they gone up or down within the last twelve months?

Asked by Sissy, Andover, MN Mon Feb 15, 2010

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I'd say. People can't find homes to buy in Andover. New construction is booming, so are traditional sales, even short sales. If you are looking to sell, now is definately the time. My husband and I just sold our home a few months ago because we wanted to take advantage of what I believe is a small window for sellers.
0 votes Thank Flag Link Mon Dec 3, 2012
Sissy, the prices have dropped about 9% in 2009. Prices have gone up 1.6% in January.
0 votes Thank Flag Link Mon Feb 15, 2010
I would say that values in the lower price ranges have been somewhat steady with the help of the tax credit. It will be interesting to see what happens to prices once the credit expires.
Web Reference: http://www.lennyfrolov.com
0 votes Thank Flag Link Mon Feb 15, 2010
Hi Sissy,

The median price of homes in Andover has dropped from $290,000 in March of '09 to $260,000 in Feb of '10.

I can forward you over charts and datat if you wish

Let us know if there is any other information we can provide you with.

Thanks!

Don
Web Reference: http://DonEdam.com
0 votes Thank Flag Link Mon Feb 15, 2010
From what I have seen the prices are stable at the very least. Andover and Ham Lake are still sought after areas and homes are still selling even above the $500,000 mark. That wasn't true even a year ago. This is an area that has a lot of newer homes and many with a few acres to go along with them. Of course there are still some bargains out there compared with the 2006 peak so keep your eyes open.

Let me know if you need any help looking in the area as I am based out of Coon Rapids.
Web Reference: http://JoelFridayHomes.com
0 votes Thank Flag Link Mon Feb 15, 2010
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