New Brighton home prices rise in the first quarter of 2017

New Brighton home prices rise in the first quarter of 2017
0Comments

The median sale price of a home sold in the first quarter of 2017 in New Brighton rose by $5,500 while total sales decreased by 10.9%, according to BlockShopper.com.

From January through March of 2017, there were 41 homes sold, with a median sale price of $207,000 – a 2.7% increase over the $201,500 median sale price for the same period of the previous year. There were 46 homes sold in New Brighton in the first quarter of 2016.

The median sales tax in New Brighton for 2017 was $3,078. In 2016, the median sales tax was $3,036. This marks an increase of 1.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.

The following table compares New Brighton to other Ramsey County cities with similar median sales prices in the first quarter of 2017:

City Jan. – Mar. 2017 Home Sales Jan. – Mar. 2016 Home Sales % change (Total Home Sales) Jan. – Mar. 2017 Median Sales Price Jan. – Mar. 2016 Median Sales Price % change (Median Sales Price)
Vadnais Heights 35 21 66.7% $250,000 $190,890.90 31%
White Bear Township 24 22 9.1% $239,950 $199,250 20.4%
Mounds View 17 25 -32% $214,000 $180,000 18.9%
White Bear Lake 61 62 -1.6% $213,000 $196,200 8.6%
Roseville 73 79 -7.6% $209,900 $205,000 2.4%
New Brighton 41 46 -10.9% $207,000 $201,500 2.7%
Arden Hills 9 18 -50% $199,900 $208,500 -4.1%
Shoreview 72 72 0% $193,450.50 $202,100 -4.3%
North St. Paul 27 38 -28.9% $187,000 $180,450 3.6%
St. Anthony 8 8 0% $183,025 $143,500 27.5%
Maplewood 88 84 4.8% $182,500 $176,450 3.4%


Related

Home vacancies in Minnesota up 0.2 percent in Q1

Home vacancies in Minnesota up 0.2 percent in Q1

Minnesota’s home vacancy rate was 1.1 percent in the first quarter of 2022, an increase of 0.2 percent over the previous quarter, according to a U.S. Census Bureau report.

Minnesota ranked 20th in nation with rental vacancy rate of 6.6% in 2021

Minnesota ranked 20th in nation with rental vacancy rate of 6.6% in 2021

Minnesota ranked 20th in the nation throughout 2021 with a rental vacancy rate of 6.6 percent, according to the U.S. Census Bureau.

Minnesota ranked 20th in nation with rental vacancy rate of 6.6% in 2021

Minnesota ranked fifth in nation with rental vacancy rate of 9% in Q3 2022

Minnesota ranked fifth in the nation in the third quarter with a rental vacancy rate of 9 percent, according to the U.S. Census Bureau.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Minnesota State Wire.