Well, we're off to a good start in 2008. We noticed a nice trend in showing activity during January - there were more buyers out looking. That's a good sign, especially for as cold as it's been.
As of 2/12/08, YTD there have been 23 closings on properties in Owatonna. The average sale price of those properties was $169,506. The average days on market for the sold properties were 180 days. As of 2/12/08 there are 5 properties pending sale. The average list price for those homes is $151,940 with the average days on market at 200.
There are currently 211 homes for sale in Owatonna, which is down nearly 100 homes from the high mark about 6 months ago.
We still have a terrific inventory of well-priced homes for buyers to choose from.
We also have a great selection of lots for buyers to choose from. Keep in mind the North Country Addition off of east Rose (by Turtle Creek Nursery). The lots start at $38,500 and offer daylight window and walk out possibilities. Building your dream home is a wonderful option for buyers.
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