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Market Conditions in Blaine : Real Estate Advice

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  • Home Buying11
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Activity 5
Tue Oct 29, 2013
Maisa Olson answered:
Dear MNhomebuyer,

Blaine was voted one of the top 5 cities to live in a few years ago, and was one of the top 3 fastest growing cities. Regarding traditionally owned homes (not REO/foreclosures), 2012 saw a 14% increase in median sale prices and 2013 saw an additional 12% increase.
The Sanctuary and Quail creek have a combination of new construction homes available and also previously owned homes. Both developments have maintained good market demand and values have been relatively stable with little REO/short sale transactions.
The Lakes also has new construction and previously owned homes for sale. Due to the larger amount of new construction available, the previously owned homes are seeing longer marketing times but overall stable prices.
The Preserve is expected to have the same results as Legacy Creek which sold out very quickly thus this next phase was developed.
I believe the appreciation will continue in these developments. The school districts are strong and more and more shopping, and restaurants are being added.
No one has a crystal ball, but based on historic trends, we will continue to see this growing suburb flourish.

Maisa Olson
Keller Williams Integrity Realty
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Tue Oct 29, 2013
Maisa Olson answered:
Ms. Vang,
This home is NOT in the Blaine school district, it would be Spring Lake Park High School.

Happy to help,
Maisa Olson
Keller Williams Integrity Realty
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Sat Oct 19, 2013
Brandon Ketz answered:
Blaine is an ever growing community. We have staples here that bring people in from all over The World (National Sports Center Soccer Complex). When home builders are expanding, Blaine is among the most aggressive communities for expansion in the state. There is a very diverse collection of neighborhoods in Blaine. Ranging from: quad-style town-homes, to 2-3 bedroom ranch-style ramblers, all the way up to million dollar plus communities on TPC golf course and in The Lakes area. With the housing market values coming back I see many people gaining over their losses here, and the forecast for the Twin Cities expects to see continued growth (according to the St. Paul Area Association of Realtors).

If you would like more information feel free to give me a shout and we can go over more details.

Hope this helps

Brandon Ketz
Coldwell Banker Burnet
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Tue Aug 13, 2013
Tom Andersen answered:
Hi Helen

Would be glad to help you find a ranch stlye home with a first floor laundry room. Would like to let you know that I do not charge buyers an admin fee or brokers fee which most realtors do these day's. I also will give you a 1% rebate back to you if you let me help you find the home of your dreams. Feel free to give me a call ... more
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Mon Dec 28, 2009
Susan Hofflander answered:
Please do NOT rely on sites like this or any others (i.e. Zillow and such) for accurate estimates of property values. They do not provide a comprehensive vantage point of the realistic overall market value the way REALTORS can. Our market analyses are based on a broader spectrum of market info, properties currently available, pending, sold, canceled and expired. The information provided on these sites is WAY off base.

As for tax assessed values, they are no longer a viable factor in determining market value because things are changing so fast.
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