Market value up in county
Tuesday, July 03, 2018
The overall estimated market value of Aitkin County is showing its first substantial increase since the 2008 assessment. “This is good for a stable real estate market,” said Assessor Mike Dangers.
The Certificates of Real Estate Value (CRV) is filed with the state each time a real property sale of $1,000 or more takes place. CRV volume has increased over 30 percent in the last three years. This is evidence of an active real estate market, Dangers said.
Another indication of a healthier market is the number of sheriff sales and sales where banks are the seller continue to decline in the county.
However, the new construction value declined slightly this year, which is a change from the past few years. According to the 2018 assessment summary for the county, it is far below the over $50 million per year in new construction value of the 2006 and 2007 assessments.
Category: Mille Lacs