As the fifth largest city in the Twin Cities metropolitan area, the Coon Rapids real estate market is one of the more popular markets in the state of Minnesota. It has about 61,000 residents and is located along the banks of the beautiful Mississippi River. One of my family’s favorite things to do during the summer is enjoy water sports during the summer. Part of the Coon Rapids Dam is raised for the summer season so residents can enjoy their favorite water activity or just relax along the beach.
The number of quality schools was one of the priorities on our list when we searched the Coon Rapids real estate market. There are 20 schools in the Coon Rapids area and it is part of the Anoka-Hennepin School District. Our kids attend the Northdale Middle School and they will soon attend the Coon Rapids High School in a couple years. Their test scores have increased since we moved here and the district as a whole has been given a 7 out of 10 rating by area parents.
For home buyers looking for homes in the Twin Cities area, the Coon Rapids neighborhoods are the place to search. Abbey Estates offers condominium living alongside the beautiful Mississippi River. It is close to several schools including Adams Elementary School and Riverview Elementary School. Thousand Oaks is another great neighborhood which is just a short walk away from Bunker Hills Regional Park and the Bunker Hill Golf Course. McKay Lake is just a few minutes away as well. Look for homes in the popular Bridgewater neighborhood, too.
The Coon Rapids real estate market is made of homes in the Cape Cod and bungalow style which were built in the 1980s. However, there are many newer homes and condominiums in the price range between the low $100,000s and the high $400,000s. Many of these homes have lakefront views and spacious lots for today’s discerning home buyer.
Coon Rapids closed sales rose 5.5% mo/mo in February that something we are watching and encouraged about at the Coon Rapids Real Estate Group. Several of us at the Coon Rapids Real Estate Team were talking current market conditions for the month of February 2013, the data says homeowners are getting 95% from origional list price for their homes up from 89.4% last year. The median sales price of a home was $120,000 in February it was higher y/y in Coon Rapids it was up absolute $10,000 dollars in the past year. What is the months of supply of inventory for homes for sale in Coon Rapids? The latest reports of 1.7 months was reported in February, 2013 it was down -50% y/y. Yes, we often we discuss the real estate market, at Coon-Rapids-Real-Estate.Com the latest data on days on the market until sold in February 2013, the percentage was down -1% to 97 days in the past 12 months. Coon Rapids is now at 142 for numbers of days on market until sold in February that was lower vs last month, as a percentage it was down -7.8%. Average house sales price in Coon Rapids was $131,343 in February that was lower month over month, it was down ($18,344) in February vs January. In February, 2013 the 75 new listings were lower year over year in Coon Rapids it was down -12 homes.