Bloomington Home For Sale

As the fifth largest city in Minnesota, Bloomington is home to about 80,000 residents. One of the things that drew me and my family here is the number of schools that are available throughout the district. In all, there are more than 40 schools in the Bloomington School District. Three of those are private schools and 27 of them are public schools. Our kids currently attend Jefferson High School in Bloomington but they have attended Oak Grove Middle School and Westwood Elementary School in the past.

Bloomington MN is also home to some major companies where many of the town’s resident make a living. Toro and Seagate are two of these large companies but there are several others. My brother in law works at Toro as an office manager and does quite well for himself in supporting his family in the Bloomington area.

Bloomington Real Estate info: Prices of Homes in Bloomington MN

Home buyers moving into the Bloomington MN real estate market have several neighborhoods to choose from. Many of these neighborhoods are situation next to one of the green parks in the city. The Southwood Terrace and Summit Ridge are two of the upscale Bloomington real estate neighborhoods, but there are also condominiums around as well. The Courtyard Condominiums offer access to Bryant Lake and Bryant Park for outdoor activities. Schools are also located near many of these neighborhoods for added convenience.

The prices of homes in the Bloomington real estate market range from the practical homes starting at about $100,000 and below to more customized and lavish properties in the higher end range. Some of these more extravagant homes can cost several million dollars depending on the features and amenities that you are looking for. But most homes fall in the lower end of the pricing range so the Bloomington market is great for home buyers on a budget.

Bloomington Real Estate News: December Bloomington Home Sales

Average median sales price in Bloomington was $164,000 in December that was higher year over year, it was up $6,200 dollars on average. Bloomington closed home sales rose 1.6% yr/yr in December that something to watch with our Bloomington Real Estate Group. What is the months of supply of inventory for homes for sale in Bloomington? The latest reports of 4 months was reported in December, 2011 down -21.6% year vs year. The average number of days rose for real estate has been on the market in December in Bloomington currently it is as a percentage it was up 1.6% to 125 days yr/yr. What are people receiving as a percent of original list price in Bloomington? In December of 2011 the average was it was down -3% vs last month to 89.5% of list price. Bloomington is now at 295 for days of inventory for sale in December that was lower vs last year, as a percentage it was down -29.3%. The Bloomington Real Estate Team was reviewing average home sales prices for the month of December, 2011 they were up $10,401 dollars over the past month to $184,279. The 71 new listings in December were lower month over month in Bloomington it was down -26.8%.