Waking up to a fresh 6.5 inches of snow this morning makes me long for the days I can ditch the heavy outerwear and go to work in summer clothes. They’re saying the storm will be a memory by Thursday when we hit 60 degrees. I don’t know about you, but I can’t wait.
In the meantime, let’s get the blogging party started and talk about housing affordability in Blaine. February’s statistics (the latest release) show us that the mid-point in Blaine’s real estate market is a tad under $245,000 – that’s our average home price. That’s an increase of almost 18 percent from a year ago, but our median home price is up 27.3 percent over last year’s.
With inventory as tight as it is, first-time homebuyers or those on tight budgets are fighting for listings under the average price, trying to get into a home before interest rates rise again. They went up yesterday, slightly, to 4.41 percent for a 30-year fixed loan.
The good news is that, as of this morning, there are 158 active listings in Blaine that are priced below the average price. Let’s take a look at what a first-time homebuyer might be interested in purchasing in Blaine.
Blaine Townhomes and Condos for Sale
Believe it or not, the cheapest home for sale in Blaine isn’t a condo. That award goes to a single family home that I’ll get to below.
By the way, the large real estate portals have the price of this listing wrong. This 3-bedroom townhome at the Gables at Waterstone Bay is listed at $159,900, not $164,900 (which is proof positive you won’t get accurate MLS information on those sites). Located in the Spring Lake Park School District, expect this one to move fast.
If that price is still a bit over your budget, you ought to take a look in April Ridge. There is a really nice 2-bedroom, 1-bathroom townhome for sale there, listed at $104,900. This home is also in the Spring Lake Park School District.
Least Expensive Single Family Homes for Sale in Blaine
The least expensive home in Blaine is a one-story, bank-owned fixer on 120th Ave Ne. This home has 3 bedrooms, 1 bathroom and sits on a little over a quarter of an acre. It’s listed at $79,900.
In the $100,000 range you’ll find a 4-bedroom rambler on almost a quarter of an acre. This home is listed at $129,900.
Moving up a bit in price, a buyer on a budget may want to look at the Carrara Estates neighborhood. Listed right now is a 3-bedroom, 3-bath home with a huge backyard. It’s on a corner lot in Lunds Havenwood Estates.
With high temps in the 60s expected next week it will be great weather to house hunt. Contact me if you’re interested in viewing any of these homes or others listed in Blaine.