Laserfiche WebLink
<br /> <br /> <br /> <br /> <br />Housing Values <br />The value of housing in the community strongly reflects its demographic profile as a moderate income, <br />middle class community. Housing values in New Brighton have significantly increased in the last 10 <br />years similar to other communities in the Twin Cities Metropolitan Area. However, due to the present <br />economic downturn, residents are beginning to see the value of their homes staying stagnant or in many <br />cases decreasing. Table 6-2 shows trends in housing sales as recorded by the Minneapolis Area <br />Association of REALTORS through the multiple listing service. <br /> <br />Figure 6-3 represents 2007 housing values as represented by the Ramsey County Assessors database. <br />Current tax assessors estimated market values reflect that the majority of housing units in New Brighton <br />are assessed between $200,000 and $300,000 representing about 55% of the total housing stock in the <br />community. <br /> <br />Table 6 - 2 Median Home Sales Prices <br />Mounds View/New Brighton/St. Anthony <br />Year 2000 2005 2007 <br />Median Sales Value $133,700 $229,950 $227,000 <br />Total Sales 428 493 434 <br />Fridley/Spring Lake Park <br />Year 2000 2005 2007 <br />Median Sales Value $121,500 $209,000 $196,000 <br />Total Sales 305 366 261 <br />Arden Hills/Shoreview <br />Year 2000 2005 2007 <br />Median Sales Value $153,000 $238,900 $236,900 <br />Total Sales 483 573 387 <br />Roseville/Falcon Heights/Lauderdale <br />Year 2000 2005 2007 <br />Median Sales Value $156,480 $229,00 $239,500 <br />Total Sales 473 527 383 <br />Metro Area <br />Year 2000 2005 2007 <br />Median Sales $172,849 $272,522 $225,000 <br />Total Sales 37,440 57,283 40,055 <br />Source: Minneapolis Area Association of REALTORS http://www.mplsrealtor.com <br /> <br />6-5