REO properties have remained somewhat under control in these popular suburbs. Recently there have been more bank owned REO listings and foreclosures coming onto the market. Some of the listings are short sales as well.
Current Eagan REO Inventory
- 10 Condos
- 15 Townhouses
- 23 Single Family Homes
Current Apple Valley REO inventory
- 2 Condos
- 25 Townhouses
- 22 Single Family Homes
Current Rosemount REO inventory
- 6 Townhouses
- 6 Single Family Homes
Looking at inventory in Apple Valley, there have been a lot of homes that have come on the market lately $300,000 and higher. Most of the REO properties in Eagan are condos and townhouses. Rosemount has yet to feel the effect, but also didn’t have the overbuilding that the other cities have had.
As far as closed REO home sales, there have been 19 closed sales compared to 48 closed sales that are not bank owned homes since July 1st.
