Depends on the home you purchase. There is new construction going on in Blaine as we speak! As in anywhere you purchase, the best bet is to buy low and stay in a home a minimum of 5 years. Iv'e been seeing homes appraise for more then what buyers are paying. You just need to work with a Real Estate consultant to help you find those great deals. Contact me if you have further questions.

Long term I see good things for Blaine. Even without the Viking Stadium, you have the National Sports center and the Tournament Players Club, both of which draw huge crowds. Close access to the Twin Cities is also a plus. We won't know when the bottom of the market will hit but, I see some signs that we are close.

Joel Friday Homes

Blaine, like most developing communities, has had the brakes put on it's growth by the credit crunch. Until we get out of this phase, there won't be much buidling going on anywhere. That being said, Blaine is still one of the top growth cities in the slowed down building market. I don't feel we will see a lot of appreciation anywhere in the next 2-3 years. Beyond that, I am more optomistic as the Twin Cities continues to grow and people have to live somewhere! Blaine has a lot to offer and the North Oaks West neighborhood is very attractive. I wouldn't worry about the Vikings, no one wants to live next door to a stadium and the traffic congestion that it can bring. If you like the home and it fits your needs for the next 5+ years -- go for it!

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I agree that the lack of a stadium has little to no effect on the future prospects of Blaine. In regards to appreciation, no one has a crystal ball but over the next 2-3 years I doubt we'll see any notable appreciation but over a 5+ year time frame it certainly will.

Blaine's relatively strong location & affordability will continue to support home values but as with most suburbs, there is a large oversupply of homes that will take several years to burn off.

Mary,

Blaine is relatively stable and primarily the new construction was hurt by the stadium pullout, so in short, now is an excellent time to buy in that area.

There has been much growth on the western edge of Blaine and that will continue when the market rebounds just a tad.

Thanks, Todd

I think just because the stadium fell through all is not lost. Blaine has been growing strong without the stadium and will probably continue to do so. The fact that builders have put some projects on hold is a good thing for property values because you will not see prices dropped on them as builders are not able to sell. Right now is a very good time to buy almost anywhere because values are reaching their lows.