Happy New Year 2015

Twin City median prices are up this year!

The focus here is on traditional sale transactions because they represent fair market value, not discounted short sale or bank owned properties.

The December 2013 single family median price was $225,000. December 2014 is up 6.4% to $239,500. This is good news, but it is too general to know your specific situation. As an example, there is very little change in the upper quartile from $390,000 to $390,978.

Condos are up 6.7% from $149,000 to $160,000. Townhouses are up 2.9% from $165,000 to $169,900.

Again, this is just a general comment on the market as a whole. For specific questions, give me a call at 612 810-3491.

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