Minot North Dakota Housing Snap Shot 04/11/2011

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Real Estate Agent with National Marketing Realtors

Bob Timm Oak Park Realty Minot North Dakota Real Estate

Minot North Dakota Housing Snap Shot 04/11/2011

WHAT'S FOR SALE IN MINOT?

Homes for sale under $100,000.00 as of 04/11/2011     = 1
Homes for sale between $100,000.00 and $124,999.00   = 3

Homes for sale between $125,000.00 and $149,999.00   = 5

Homes for sale between $150,000.00 and $174,999.00   = 2

Homes for sale between $175,000.00 and $199,999.00   = 6
Homes for sale between $200,000.00 and $249,999.00  = 20

Homes for sale over $250,000.00                               = 19

AS OF 04/11/2011 THERE ARE EXACTLY 57 HOMES FOR SALE

IN THE CITY LIMITS OF MINOT*

Only 4 homes under $125,000.00.

There are 181 pending sales

*Single Family, active status 

When viewing these figures keep in mind that Minot North Dakota is a town of 40,000 that experienced at 15% growth last year alone. To say we have a sever housing shortage is a certainly an under statement. The only thing worse in Minot then our housing shortage is the available rentals for families and individuals. We've got the high paying jobs, we just don't have any place to live.

Bob Timm Oak Park Realty Minot North Dakota Real Estate

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Rainer
288,893
Bob "RealMan" Timm
National Marketing Realtors

Mike, Only in the last few years have contractors tried to build during our harsh winters. This winter, one of our harshest on record, we also had record building. Two or maybe even three motels were well under way during the winter and if I had to guess I'd say at least a couple dozen homes were totally built during the winter. I realize twenty four isn't many but it's twenty four more then have ever been built in our winter before. The key is to pour as many foundations as you can before the big freeze.

Laura, I thank God every day for those that are in the pipeline. I'd say I have a half dozen. I've really been blessed to have so many folks come to my little one man operation. I'd sure like to have a partner but no one has taken me up on that yet.

Norma, most every buyer knows what they can spend (Or I get them educated real fast by sending them to a lender) so why waste anyones time showing what they can not afford. The tie has little Easter bunnies on it. I think I need to do a close up so everyone can see I'm in the spirit of the season.

April 11, 2011 02:52 PM
Rainmaker
115,400
Virginia Kail
American Way Real Estate, Homes and Land for Sale
Investments, starter houses, luxury homes,farms, acreage

Bob, these numbers are stunning. My town is 30,000 and we had more expire in a week than you have available for sale.

April 11, 2011 10:51 PM
Rainer
288,893
Bob "RealMan" Timm
National Marketing Realtors

Virginia, WOW! That is a lot of expireds. Sounds like if one would win the lotto you could pick up a lot of investment property there.

April 12, 2011 07:09 AM
Rainmaker
1,385,680
Maureen McCabe
Columbus Ohio Real Estate
HER Realtors

That is amazing.  If we coiuld just export our excess inventory to Minot!

April 13, 2011 05:08 AM
Rainer
288,893
Bob "RealMan" Timm
National Marketing Realtors

Maureen, we certainly would welcome it. A new listing came up yesterday that was reasonably priced ($135,000.) and just 6 hours after it hit the MLS I submitted the 4th offer on the house. Three years ago the same house would have sold for about $75,000.

April 13, 2011 07:04 AM
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Rainer
288,893

Bob "RealMan" Timm

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