Mid Year 2012 Real Estate Market Statistics for White Bear Lake, MN

By
Real Estate Agent with REMAX Results Minnesota License#90858

Just about everyone who grew up in the Twin Cities north and east metro is familiar with the White Bear Lake community and the iconic gigantic snow white bear statue at Polar Chev. But few know the legends that surround White Bear Lake with Manitou Island being the very center of the story. The legend has been spun into tales by several writers including Mark Twain who wrote of the Indian warrior who killed the great monster of a polar bear to save himself and his lover in his book, “Life of the Mississippi”.

Whether in spite of the legends or because of them, the White Bear Lake community remains a vibrant area continually growing while preserving its rich heritage. There is no doubt that the shores of White Bear Lake are the most well known as one of the largest lakes in the north metro as it spreads from Ramsey County into Washington County. But there are three other lakes in the WBL Community: Birch Lake, Goose Lake as and Bald Eagle Lake. The City of White Bear Lake is the home of the White Bear Lake School District #624 and Century College while encompassing 11 square miles of land. Real estate opportunities include both historic homes and recently constructed residences. First time buyers, executive home buyers, retiring downsizers and luxury lakeshore buyers have a wide variety of options if the choose to call this wonderful community home.

There was a bit more optimistic picture for White Bear Lake real estate midyear in 2012 compared to 2011. Though the average home price is again lower, inventory is down considerably in all price points. But demand for homes has picked up considerably this past spring with the very attractive interest rates on 15 and 30 year mortgages. Days on the market is mixed. It seems that if a home was well priced even in a high price point, it was sold quickly while less attractive properties lingered on the market. Home buyers need to do their homework, be preapproved and ready to write up an offer to get the best White Bear Lake homes as soon as they come onto the market.

NEED ADDITIONAL DETAILS on the TWIN CITIES real estate market? Per the Minneapolis Area Association of REALTORS monthly market activity report, sales for the Twin Cities metro area were up 13.8% through June 2012 compared with sales in the first half of 2011. The average home price rose 7.2%. CLICK HERE for a pdf of all statistics.

Mid 2012 Average Sales Price of all homes sold in White Bear Lake:
  • All Homes $ 166,677

  • Single Family Homes $ 183,000

  • Townhomes/Condos $131,506

Mid 2012 Average Cumulative Days on Market in White Bear Lake:
  • All Homes 149

  • Single Family Homes 124

  • Townhomes/Condos 192
Mid Year 2012 White Bear Lake residential real estate statistics for single family homes:

Under $200,000~ 68 Active Listings, 31 Pending Listings, 100 Sold Listings, 123 CDOM (Lakeshore Subgroup 1 Active, 0 Pending, 3 Sold, 142 CDOM)
$200,000-300,000~41 Active Listings, 9 Pending Listings, 33 Sold Listings, 107 CDOM (Lakeshore Subgroup 2 Active, 0 Pending, 1 Sold, 20 CDOM)
$300,000-$400,000 ~ 13 Active Listings, 4 Pending Listings, 8 Sold Listings, 198 CDOM (Lakeshore Subgroup 0 Active, 1 Pending, 1 Sold, 298 CDOM)
$400,000-$500,000 ~ 6 Active Listings, 1 Pending Listings, 2 Sold Listings, 212 CDOM (Lakeshore Subgroup 3 Active, 1 Pending, 0 Sold)
$500,000-$1,000,000~ 15 Active Listings, 1 Pending Listings, 1 Sold Listings, 5 CDOM (Lakeshore Subgroup 13 Active, 1 Pending, 1 Sold, 5 CDOM)
$1,000,000 and Up ~ 5 Active Listings, 0 Pending Listings, 0 Sold Listings (Lakeshore Subgroup 5 Active, 1 Pending, 0 Sold)

Mid Year 2012 White Bear Lake residential real estate statistics for townhomes and condos:

Under $200,000~ 20 Active Listings, 10 Pending Listings, 61 Sold Listings, 170 CDOM
$200,000-300,000~ 7 Active Listings, 1 Pending Listings, 3 Sold Listings, 264 CDOM
$300,000-$400,000 ~ 6 Active Listings, 1 Pending Listings, 3 Sold Listings, 20 CDOM
$400,000-$500,000 ~ 1 Active Listings, 0 Pending Listings, 0 Sold Listings
$500,000-$1,000,000~ 2 Active Listings, 0 Pending Listings, 0 Sold Listings


Lakeshore available in the White Bear Lake area 28 Active Listings

White Bear Lake lakeshore price range: $179,000-$1,795,000
7 Homes on Bald Eagle Lake
1 Home on Goose Lake
1 Home on Otter Lake
1 Home on Varney Lake
18 Homes on White Bear Lake

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/12 through 6/30/12.
Looking for a home in the White Bear Lake area on Lakeshore?
Posted by

Teri Eckholm. REALTOR with RE/MAX Results, is a native Minnesotan who has lived and worked in the Minneapolis St Paul metro all of her life. She specializes in lakeshore homes, acreage properties and first time home buyers but assists anyone making a move in the north and east Twin Cities metro.

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give Teri , a call or visit her website for a FREE Home Buyer Success Guide or FREE Home Value Report She specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

Copyright 2014 www.terieckholm.com

 

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Rainmaker
915,245
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

This is a great market report on White Bear Lake, MN.  You cover it all.  Consumers should definitely be calling you if they are buying or selling in the area.

Jul 29, 2012 07:46 PM #1
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Teri, very nice market report for the White Bear Lake community. The legends behind the White Bear statue is quite interesting enough for Mark Twain to write about it. Very good!

Jul 30, 2012 05:29 AM #2
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Rainmaker
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Teri Eckholm

Acreage & Lakeshore REALTOR Minneapolis St Paul
Looking to buy or sell in the Twin Cities? Contact Me Today!
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