As a listing agent who lives in the Nokomis Minneapolis neighborhood, I get this question often. Everybody hears that the market has changed and that the median house price went up 14% over last year. There is some truth to that, but it's not as simple as it sounds. The 14% appreciation is the increase […]

What can we say? We’ve known the Cozy Coupe for years, but now it’s gotten a total makeover. In the past, the Cozy Coupe was only offered in one color scheme, the very familiar two-tone yellow over red. This ubiquitous look was seen over and over again, found in every suburban neighborhood, as well as […]

First of all, a Short Sale is anything but short, fast, or quick, despite the name. A Short Sale by definition is where the seller is selling the home, and is "short" on the money needed to pay off the mortgage in full, hence the name "short" sale. Well, that's all find and dandy, but […]

Traditional Seller A traditional seller is a home that is owned by a person (or people) that are trying to sell their home. This is the typical seller, such as John and Jane Doe on Main Street. When making an offer to a traditional seller, the response time is usually within a few hours, and […]

I am providing a brief summary of what's going on in the Twin Cities housing market. We had record number of buyers out purchasing homes in January 2013 with 13% more houses being sold! That is an 8 year high. That being said, inventory is also down. There are 32% less homes available for sale […]

I'm sure you have seen it time and time again. You find a home that is listed online as "for sale" but when you call, the agent says that there is already an offer on the property. What?? Why is it still listed then? Well, I can explain why this happens. The MLS system that […]

The monthly numbers are looking good. We have a better housing supply with less foreclosures and short sales on the market. Buyers have purchased in record numbers, putting us back to 2006 in terms of volume.  We are clearly in a sellers market with 2.9 months supply. But buyers are still winners since prices are […]

The brief summary can be contained here in this post. If you want a more detailed summary, you can download the PDF report. Inventory The inventory dropped for a number of factors. The number of sales increased by 17% in volume, while the banks still have shadow inventory, albeit, not as much as before. Banks […]

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Welcome Home! This lovely side-by-side townhome has what it takes. Built in 2002, it has 3 bedrooms, and 2 bathrooms and a 2 car garage. This home has hardwood floors, ceramic floors in the kitchens and baths, and carpeting in the bedrooms. Enjoy conversing with friends around the center-island kitchen. It makes preparing food fun. Relax […]

The month of December has been a highly active month. 3587 purchase agreements were written, which is up 12.6% over December 2011. Inventory is down 29%!! This is huge, marking a 10 year low. Banks are listing less homes. Home prices have been going up, by 16%! This represents a median price of $173,000. 3.4 […]