Wednesday, November 19th, 2014

Entertaining in your home this Thanksgiving? Great article via house logic suggests ways to reduce energy costs this year.

 

Happy Holidays from your Realtors!

Visit houselogic.com for more articles like this.

Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®

Posted in Uncategorized |
Monday, November 17th, 2014

As fall finally goes dim, winter emerges as the prevailing wind through the marketplace. While optimism serves as a white rose through this phase, moderate unemployment rates have given pause to overabundant optimism. All the same, the desire for homeownership remains high among those willing to absorb some risk while attracting enthusiasm.

In the Twin Cities region, for the week ending November 8:

  • New Listings decreased 2.8% to 1,104
  • Pending Sales increased 2.0% to 826
  • Inventory increased 4.1% to 16,972

For the month of October:

  • Median Sales Price increased 6.7% to $208,000
  • Days on Market decreased 4.0% to 72
  • Percent of Original List Price Received decreased 0.6% to 95.2%
  • Months Supply of Inventory increased 13.5% to 4.2

All comparisons are to 2013

Click here for the full Weekly Market Activity Report. From The Skinny Blog.

Posted in Weekly Report |
Monday, November 17th, 2014
In October 2014, overall buyer and seller activity both cooled slightly in the 13-county Minneapolis–St. Paul metropolitan area. Pending sales declined 1.3 percent from last year, while new listings decreased 2.3 percent.

Gains in traditional activity nearly offset dramatic declines in the foreclosure and short sale arena. Inventory levels rose 4.3 percent to 17,132 homes, providing buyers with more options. The median sales price rose 7.2 percent to $209,000, marking 32 consecutive months of year-over-year median price gains. Price per square foot rose 5.6 percent to $123.

The amount of time a home spends on the market fell 4.0 percent to 72 days, on average. Months’ supply of inventory rose 10.8 percent to 4.1 months, suggesting that the market is moving back toward balance after favoring sellers. The sales mix continued to skew toward traditional homes that sell in less time and at higher price points.

Despite an overall 2.3 percent decrease in seller activity, traditional new listings rose 6.7 percent while foreclosure and short sale new listings were down 42.4 and 31.3 percent, respectively. Similarly, overall closed sales were down 1.5 percent, but traditional closed sales rose 9.7 percent while foreclosure and short sale closings fell 41.1 and 48.3 percent. Market-wide inventory levels increased 4.3 percent, but traditional inventory was up 17.9 percent while foreclosure and short sale inventory levels declined 39.0 and 43.5 percent.

The Twin Cities housing affordability index of 188 means that the median household income was 88 percent higher than what’s necessary to qualify for the median-priced home given current interest rates. While the index is below its 2012 peak, it remains above its long-term average.

According to the Bureau of Labor Statistics, the Twin Cities has the lowest unemployment rate among major metros in the nation at about 3.8 percent. The national rate recently dropped below 6.0 percent for the first time since 2008.

From The Skinny Blog.

Posted in The Skinny |
Monday, November 17th, 2014

Edina is one of our finest suburbs in the Twin Cities, and with its public parks and golfing attractions, thriving business district and a nationally-renowned school district, what’s not to love?

We agree, and our newest listing is located at 4800 School Road in Edina. This home is a lovely, well-cared for property. It has great bones and is just begging for your finishing touches! There are three bedrooms, two bathrooms (including a half bath in the master) formal dining, eat-in kitchen and great three season porch. You’ll be steps from schools, and the Edina Community Center. Also worth noting are the original oak hardwood floors – just refinished!

Interested? Contact Listing Agent Katherine Francis, GRI at 612-508-7474 or Jodi Laliberte at 612-850-1866 today to tour this great home!

 

 

Posted in Homes for Sale, Property Highlights | Tagged , , , , |
Wednesday, November 12th, 2014

 

Thinking about Buying a Home? 

 

Winter can definitely have its advantages to purchasing a home! Sometimes, for reasons such as job relocation, it’s a necessity. Others might prefer the less-hectic peak seasons of spring and summer while deciding. It is also a great way to see how a home stands up to the conditions of the colder weather. One of our homes currently on the market is one of high-quality construction…and we would love to show it to you!

 

The property is located in beautiful Woodbury, MN. It has four bedrooms and four baths. The home rests on 2/3 acre with a beautiful (private) pond out back. The home also features hardwood floors, a walk-out lower level, and fabulous master suite with a jacuzzi tub. Check out more here:

 

9646 Brookview Court, Woodbury MN

 

Want to see this home in person? Call our office today at 612-850-1866.

Posted in Housing Video, Property Highlights | Tagged , , , , , |