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HCity of <br />ugo <br />Hugo has a wide variety of housing options, including high end executive homes, affordable homes for first time <br />home buyers, and rentals. The housing market is on the rise in Hugo and across the Twin Cities. The median <br />home sale price is rising, the inventory of homes for sale has decreased from 2011, and homes are now selling <br />faster than last year. <br />Owner Occupied Housing' <br />95.38% <br />Median Household Valuez <br />$228,900 <br />Renter Occupied Housing' <br />4.62% <br />Total Housing Units' <br />5186 <br />Median Gross Rentz <br />$1,280 <br />Area Overview Total Change % Cumulative <br />For 20133 Closed from New Days on % of Original <br />Sales 2012 Construction Market Price Received <br />Hugo 3461 8.5%1 14.7% 74 97.3% <br />Twin Cities Region 53,0871 8.8%1 6.9%1 831 96.1% <br />Hugo <br />Local Market Update - April 20143 <br />New Listings <br />Closed Sales <br />Median Sales Price' <br />Average Sales Price' <br />Price Par Square Foot' <br />Percent of Original List Pricy Received' <br />Days on Market Until Sale <br />Inventory of Homes for Sale <br />Months Supply of Inventory <br />April <br />+15.6% <br />-46.3% <br />-15.1% <br />------------- <br />Change in <br />------------- <br />Change in <br />-------------- <br />Change in <br />New Listings <br />- - - - - - <br />Closed Sales <br />- - - - - <br />Median Sales Price <br />- <br />April <br />Year to Date <br />2013 2014 -- <br />- / - 2013 <br />2014 t I- <br />45 52 <br />x15.8% 156 <br />145 -7.1% <br />41 22 <br />-46.3% 98 <br />68 -30.6% <br />$195.000 5165.500 <br />-151% $174,500 <br />5165,000 -5.4% <br />5214,868 S183,768 <br />-14.5% $215,791 <br />5206.122 -4.9% <br />$102 516E <br />.2.1% S102 <br />5141 .1.8% <br />96.2% 96.9', <br />.0]% 97.1% <br />07.0% -0.1% <br />77 96 <br />.24.7% 91 <br />93 -8.8% <br />90 96 <br />.6.7% -- <br />-- <br />3.3 3.6 <br />a 9.1% -- <br />-- -- <br />■2013 .2014 Year to Date <br />52 <br />45 41 <br />22 <br />t 15.6°l° <br />-46.3% <br />New Listings Closed Sales <br />1 Applied Geographic Solutions, 2013, Accessed via greatermsp.org <br />2 US Census Bureau, Census 2008-2012 American Community Survey <br />3 St. Paul Association of Realtors, Local Market Update 2012/2013 <br />02013 02014 <br />156 145 <br />lij98 <br />68 <br />-7.1% -30.6% <br />New Listings Closed Sales <br />City of Hugo - 14669 Fitzgerald Avenue North - (651) 762-6304 - www.ci.hugo.mn.us <br />